Our Preference: Sell below 1266 for the target of 1252 and 1238 level
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- XauUsd was broken the ascending triangle pattern on lower side, now gold was bounces back from key support level 50 % Fibonacci retracement level and the gold was trading near lower trend line of the triangle pattern and its trading near 38% Fibonacci Retracement levels, so we can except on selling side and we can sell near intraday resistance levels and except upto next key support levels:- which we have shown in attached image.
In Daily Chart :- XauUsd was broken the ascending triangle pattern on lower side, now gold was bounces back from key support level 50 % Fibonacci retracement level and the gold was trading near lower trend line of the triangle pattern and its trading near 38% Fibonacci Retracement levels, so we can except on selling side and we can sell near intraday resistance levels and except upto next key support levels:- 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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