Technical Commentary:- In Weekly Chart :- Gold was trading in the long term equidistant channel line and last week its was broken the short term upper trend line and its broken the key resistance level of horizontal line so its confirming for the buying zone.
In Daily Chart :- Yesterday Gold was broken the resistance level and closed above the resistance level of horizontal line and its was broken the upper trend so today we can buy near intraday support level and except upto next key resistance levels :- which we have shown in attached image.
In 4 Hour Chart and 1 Hour Chart:- Gold was trading above the major key resistance 1180 level and we got closing above the resistance level 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 4 Hour Chart and 1 Hour Chart:- Gold was trading above the major key resistance 1180 level and we got closing above the resistance level 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.
| 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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