In Weekly chart and Daily chart Gold was tested lower trend line and its bounced back from the lower trend line and closed above the lower trend line and its trading in the triangle pattern so we got a good support levels.
Technical Commentary: In Monthly chart we got good lower support trend line and its bounced back from lower trend line and last month closed on higher side.
In 1 hour chart,Gold was trading in Equidistance channel lines and we can buy near intraday key support level line :- we have shown in above image.
In 4 hours chart,Gold was trading in Equidistance channel lines and its tested upper trend line so we can except some correction upto long term lower trend line and its trading in triangle pattern so we can buy near lower trend line @ 1207 level. :- we have shown in above image.
In 4 hours chart,Gold was trading in Equidistance channel lines and its tested upper trend line so we can except some correction upto long term lower trend line and its trading in triangle pattern so we can buy near lower trend line @ 1207 level. :- we have shown in above 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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