Technical Commentary:- In Daily Chart :- Gold was trading in the equidistant channel lines and its trading in the sideways movement between key resistance and key support level now its trading near upper trend line and key resistance level so its confirming for the selling side therefore we can sell near upper trend line and near resistance level :- which we have shown in attached image.
In 4 hour chart :- Gold was trading in the range bound pattern and its trading below the upper trend line and its trading near the resistance level of horizontal 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 upper trend line so we can sell near upper channel line and 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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