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Xau/Usd : 14/04/2015 Technical Analysis Report

14th April 2015 CFX Admin

Our Preference: Buy above 1192 and 1180 level for the target 1198,1210 and 1218 levels.
Alternative Scenario: Nill
 
Technical Commentary :- In Daily chart Gold was trading in the triangle pattern and intraday upper trend line now it was trading near lower trend line and gold was trading in the range bound pattern between key resistance level and key support level So we can near lower support line and support levels 1190 and 1180 levels with the stoploss of 1172.
In 4 hour chart and In 1 hour chart :- Gold was trading in the equidistant levels and its was trading in the triangle pattern and it was trading above the key support level of 1180, so we can buy above the key support levels :- we have shown in above image.


Technical Commentary :- In Daily chart Gold was trading in the triangle pattern and intraday upper trend line now it was trading near lower trend line and gold was trading in the range bound pattern between key resistance level and key support level So we can near lower support line and support levels 1190 and 1180 levels with the stoploss of 1172.



In 4 hour chart and In 1 hour chart :- Gold was trading in the equidistant levels and its was trading in the triangle pattern and it was trading above the key support level of 1180, so we can buy above the key support levels :- we have shown in above image.



In 4 hour chart and In 1 hour chart :- Gold was trading in the equidistant levels and its was trading in the triangle pattern and it was trading above the key support level of 1180, so we can buy above the key support levels :- we have shown in above image.



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