Technical Commentary:- In Daily Chart :- Gold was trading in the sideways movement between key resistance and key support level and yesterday its was closed below the resistance level of horizontal line and trading below the upper trend line so today we can sell near upper trend line and except upto next support levels :- which we have shown in attached image.
In 4 Hour Chart :- Gold was trading in the intraday triangle pattern and Gold trading in the sideways movement between key resistance level and key support levels and now its was trading near key resistance level of upper trend line, so we sell near resistance level and except upto next key support levels:- which we have shown in attached image.
In 1 Hour Chart :- Gold was broken the triangle pattern lower side so its confirming for the selling side and now its was trading near key resistance level of lower trend line 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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