Our Preference: Buy above 1263 for the target of 1282 levels
Alternative Scenario: Sell below the 1258 for the target 1242 and 1235
Technical Commentary: In Daily Chart :- XauUsd was trading in the triangle pattern, Now its trading near lower trend line and previous two major key support level of lows are acting as major key support levels of horizontal line and its trading above the 62% retracement levels, so we can buy near intraday key support level and except upto next key resistance level :- which we have shown in attached image.
In Daily Chart :- XauUsd was trading in the triangle pattern, Now its trading near lower trend line and previous two major key support level of lows are acting as major key support levels of horizontal line and its trading above the 62% retracement levels, so we can buy near intraday key 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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