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Xau/Usd : 09/12/2015 Technical Analysis Report

9th December 2015 CFX Admin

Our Preference: Sell Below 1080 for the target 1073 levels.
Alternative Scenario: Nill
 
Technical Commentary:- In Daily Chart :- Gold was trading with upper trend line and Yesterday Gold was tested the key resistance level and closed on lower side so today we can except on selling side  upto next support levels :- which we have shown in attached image.
 In 4 hour chart :- Gold was trading between upper trend line and lower trend line and its was trading in the sideways movement between key resistance level and key support levels so except upto next key support levels :- which we have shown in attached image.
In 1 Hour Chart :- Gold was trading below the key resistance 1080 levels and its was trading with lower trend line so we can sell near resistance level and except upto next support 1065 levels :- which we have shown in attached image.


Technical Commentary:- In Daily Chart :- Gold was trading with upper trend line and Yesterday Gold was tested the key resistance level and closed on lower side so today we can except on selling side upto next support levels :- which we have shown in attached image.



In 4 hour chart :- Gold was trading between upper trend line and lower trend line and its was trading in the sideways movement between key resistance level and key support levels so except upto next key support levels :- which we have shown in attached image.



In 1 Hour Chart :- Gold was trading below the key resistance 1080 levels and its was trading with lower trend line so we can sell near resistance level and except upto next support 1065 levels :- which we have shown in attached image.



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