Our Preference: Sell Below 1230 for the target of 1218
Alternative Scenario: Nill
Technical Commentary: In weekly chart :- Gold was broken 3rd testing of the triangle pattern on lower side so its conforming for the selling side, so we can sell near the lower trend line and except upto next key support level :- which we have shown in attached image.
In Daily Chart :- Gold was broken major key support level of lower trend line and its was trading near key support level of horizontal line, If key support level of horizontal line was broken means we except heavy sell off, so we can sell near the lower trend line and except upto next key support level :- which we have shown in attached image.
In 4 Hour Chart and 1 Hour Chart:- Gold was trading in the equidistant channel lines so we can sell near the intraday key resistance levels and except upto next key support level :- which we have shown in attached image.
In weekly chart :- Gold was broken 3rd testing of the triangle pattern on lower side so its conforming for the selling side, so we can sell near the lower trend line and except upto next key support level :- which we have shown in attached image.
In Daily Chart :- Gold was broken major key support level of lower trend line and its was trading near key support level of horizontal line, If key support level of horizontal line was broken means we except heavy sell off, so we can sell near the lower trend line and except upto next key support level :- which we have shown in attached image.
In 4 Hour Chart and 1 Hour Chart:- Gold was trading in the equidistant channel lines so we can sell near the intraday key resistance levels and except upto next key support level :- which we have shown in attached image.
In 4 Hour Chart and 1 Hour Chart:- Gold was trading in the equidistant channel lines so we can sell near the intraday key resistance levels and except upto next key support level :- 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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