Technical Commentary:- In Daily Chart :- Yesterday Gold was closed as bearish engulfing pattern and closed below the key resistance 1080 levels of horizontal line 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 above the equidistant channel lines and yesterday its broken the lower trend line now previous lower trend line acting as resistance level so its confirming for selling side and except upto next key support levels :- which we have shown in attached image.
In 1 Hour Chart :- Gold was broken the key support level of horizontal line now the support line acting as resistance line so we can sell near resistance level and except upto next support 1065 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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