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Xau/Usd : 15/12/2015 Technical Analysis Report

15th December 2015 CFX Admin

Our Preference: Sell Below 1066 for the target 1053 levels.
Alternative Scenario: Nill
 
Technical Commentary:- In Daily Chart :- yesterday Gold was closed on lower side as bearish candle and closed below the key support level, its given conformation for selling side so we can except on selling side upto next key support levels :- which we have shown in attached image.
 In 4 Hour Chart and In 1 Hour Chart  :-  Yesterday Gold was broken the lower trend line and its closed below the key support level of horizontal line and its trading in the sideways movement between key resistance level and key support levels and now its was trading near previous broken lower trend line so we sell near resistance level and  except upto next key support levels:- which we have shown in attached image.


Technical Commentary:- In Daily Chart :- yesterday Gold was closed on lower side as bearish candle and closed below the key support level, its given conformation for selling side so we can except on selling side upto next key support levels :- which we have shown in attached image.



Technical Commentary:- In Daily Chart :- yesterday Gold was closed on lower side as bearish candle and closed below the key support level, its given conformation for selling side so we can except on selling side upto next key support levels :- which we have shown in attached image.



In 4 Hour Chart and In 1 Hour Chart :- Yesterday Gold was broken the lower trend line and its closed below the key support level of horizontal line and its trading in the sideways movement between key resistance level and key support levels and now its was trading near previous broken lower trend line so we sell near resistance level and except upto next key support levels:- which we have shown in attached image.



In 4 Hour Chart and In 1 Hour Chart :- Yesterday Gold was broken the lower trend line and its closed below the key support level of horizontal line and its trading in the sideways movement between key resistance level and key support levels and now its was trading near previous broken lower trend line so we sell near resistance level and except upto next key support levels:- which we have shown in attached image.



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