Centreforex
CentreForex.com Representative
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Xau/Usd : 02/09/2015 Technical Analysis Report From Centreforex
Our Preference: Sell Below 1145 levels for the target 1130 & 1120 levels.
Alternative Scenario: Nill
Technical Commentary :- In Daily chart :- Gold was trading in the triangle pattern and trading below the key support level 1160, we can sell near intraday resistance levels,
In 4 hour chart :- Gold was moving with lower trend line and now it was trading near resistance 1143 levels so we can sell near intraday resistance :- which we have shown in attached image.
In 1 hour chart :- Gold was trading with equidistant channel lines and its was trading with upper trend line so we can sell near upper trend line upto next key support levels.
Our Preference: Sell Below 1145 levels for the target 1130 & 1120 levels.
Alternative Scenario: Nill
Technical Commentary :- In Daily chart :- Gold was trading in the triangle pattern and trading below the key support level 1160, we can sell near intraday resistance levels,
In 4 hour chart :- Gold was moving with lower trend line and now it was trading near resistance 1143 levels so we can sell near intraday resistance :- which we have shown in attached image.
In 1 hour chart :- Gold was trading with equidistant channel lines and its was trading with upper trend line so we can sell near upper trend line upto next key support levels.