Technical Commentary:- In Weekly Chart :- Gold was trading in the equidistant channel line and its was trading below the resistance level and its was trading below the upper trend line so this week we can except on selling side with stoploss above last week high :- which we have shown in attached image.
In Daily Chart :- Gold was trading in the sideways movement between key resistance and key support level and its was trading in the triangle pattern and now its was trading above the key resistance level of horizontal line and trading near upper trend line so today we can except on selling side from upper trend line to next support levels :- which we have shown in attached image.
In 4 Hour Chart:- Gold was trading in the equidistant channel line and its was trading above the short term resistance level so we can sell near upper trend line of resistance level and except upto next key support levels :- which we have shown in attached image.
In 1 Hour Chart :- Gold was trading in the sideways movement between key resistance level and key support levels and gold was trading near upper trend line of key resistance level of, so we sell near resistance level and except upto next key support 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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