Technical Commentary:- In Daily Chart :- Gold was trading in the equidistant channel lines and yesterday its broken the last week low so its confirming for the selling side therefore we can sell near last week low of resistance level :- which we have shown in attached image.
In 4 hour chart :- After testing the upper trend line Gold was broken the key support level so we can except on selling side :- which we have shown in attached image.
In 1 hour chart :- Gold was trading in the equidistant channel lines and its trading below the new intraday upper trend line so we can sell below the intraday resistance levels :- which we have shown in attached image.
| PIPS COUNTER - SINCE JANUARY 2013 | ||
| Total Trades | Total Pips | |
| EUR / USD | 1135 | 10130 |
| GBP / USD | 1054 | 10550 |
| USD / CHF | 907 | 8945 |
| EUR / JPY | 818 | 10435 |
| XAU / USD | 1156 | 207955 |
| TOTAL: 248015 | ||
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