Centreforex
CentreForex.com Representative
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Xau/Usd : 12/01/2016 Technical Analysis Report From Centreforex
Our Preference: Sell Below 1099 for the target 1088 levels.
Alternative Scenario: Nill
Technical Commentary:- In Daily Chart :- Gold was trading in the triangle pattern, yesterday it was
closed below the resistance level of horizontal line and its closed as bearish candle so today we
can sell near key resistance level and except upto next support level :- which we have shown in
attached image.
In 4 Hour Chart and 1 Hour Chart :- Gold was trading below the resistance level and its was trading
in the sideways movement between key resistance level and key support level so we can sell near
resistance level of horizontal line and except upto next key support levels :- which we have shown
in attached image.
Our Preference: Sell Below 1099 for the target 1088 levels.
Alternative Scenario: Nill
Technical Commentary:- In Daily Chart :- Gold was trading in the triangle pattern, yesterday it was
closed below the resistance level of horizontal line and its closed as bearish candle so today we
can sell near key resistance level and except upto next support level :- which we have shown in
attached image.
In 4 Hour Chart and 1 Hour Chart :- Gold was trading below the resistance level and its was trading
in the sideways movement between key resistance level and key support level so we can sell near
resistance level of horizontal line and except upto next key support levels :- which we have shown
in attached image.