Centreforex
CentreForex.com Representative
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Xau/Usd : 11/12/2015 Technical Analysis Report From Centreforex
Our Preference: Sell Below 1070 for the target 1058 levels.
Alternative Scenario: Nill
Technical Commentary:- In Daily Chart :- Gold was trading with upper trend line and Yesterday Gold was closed on lower side as bearish candle and this week its was tested the key resistance level 1180 levels, but its fail to break key resistance level so its was giving conformation for selling side, today we can except upto next support levels :- which we have shown in attached image.
In 4 hour chart :- Gold was broken the intraday triangle pattern on lower side and its trading in the sideways movement between key resistance level and key support levels and now its was trading near key support level, if key support level of horizontal line breaks means we can except on selling side upto next key support levels:- which we have shown in attached image.
In 1 Hour Chart :- Gold was trading with upper trend line, gold could’nt able to break upper trend line so its started to move towards key support level of horizontal line so we can except on selling side upto next key support levels :- which we have shown in attached image.
Our Preference: Sell Below 1070 for the target 1058 levels.
Alternative Scenario: Nill
Technical Commentary:- In Daily Chart :- Gold was trading with upper trend line and Yesterday Gold was closed on lower side as bearish candle and this week its was tested the key resistance level 1180 levels, but its fail to break key resistance level so its was giving conformation for selling side, today we can except upto next support levels :- which we have shown in attached image.
In 4 hour chart :- Gold was broken the intraday triangle pattern on lower side and its trading in the sideways movement between key resistance level and key support levels and now its was trading near key support level, if key support level of horizontal line breaks means we can except on selling side upto next key support levels:- which we have shown in attached image.
In 1 Hour Chart :- Gold was trading with upper trend line, gold could’nt able to break upper trend line so its started to move towards key support level of horizontal line so we can except on selling side upto next key support levels :- which we have shown in attached image.