Our Preference: Sell below 1262 for the target of 1254 and 1248 level
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- XauUsd was failure to break upper trend line of key resistance level and its failure to break the 38 % Fibonacci retracement level and day before day the strong support was broken the lower trend line of the triangle pattern and we got closing below the lower trend line, so we can except on selling side and we can sell near intraday resistance levels and except upto next key support levels:- which we have shown in attached image.
In Daily Chart :- XauUsd was failure to break upper trend line of key resistance level and its failure to break the 38 % Fibonacci retracement level and day before day the strong support was broken the lower trend line of the triangle pattern and we got closing below the lower trend line, so we can except on selling side and we can sell near intraday resistance levels 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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