Technical Commentary:- In Weekly Chart :- Gold was tested the long term equidistant upper channel line and closed below the upper channel line and last week its was broken the key resistance level of horizontal line so we can buy near key support level and except upto upper trend line..
In Daily Chart :- Gold was trading above the upper trend line and key resistance level of horizontal line and previous resistance was acting as key support 1190 level and now gold was trading near key support level of horizontal line so today we can buy near key support 1190 level and except upto next key resistance levels :- which we have shown in attached image.
In 4 Hour Chart :- Gold was tested the lower trend line and closed above the key resistance level of horizontal line and we got closing above the resistance level and lower trend line so its conforming for the buying side so we can buy near support level and except upto next key resistance level :- which we have shown in attached image.
In 1 Hour Chart:- Gold was trading in the triangle pattern and now gold was tested the lower trend and its confirming for the buying side so we can buy near support level and except upto next key resistance 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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