Centreforex
CentreForex.com Representative
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Xau/Usd : 21/01/2016 Technical Analysis Report From Centreforex
Our Preference: Buy Above 1099 for the target 1112 levels.
Alternative Scenario: Nill
Technical Commentary:- In Daily Chart :- Yesterday Gold was closed above the key resistance level of horizontal line and its was trading near the key support level of horizontal line so today we can buy near key support level of horizontal line and except upto next resistance levels :- which we have shown in attached image.
In 4 Hour Chart and 1 Hour Chart :- Gold was broken the sideways movement on upper side now previous resistance acting as key support level so we can buy near support level of horizontal line and except upto next key resistance level :- which we have shown in attached image.
Our Preference: Buy Above 1099 for the target 1112 levels.
Alternative Scenario: Nill
Technical Commentary:- In Daily Chart :- Yesterday Gold was closed above the key resistance level of horizontal line and its was trading near the key support level of horizontal line so today we can buy near key support level of horizontal line and except upto next resistance levels :- which we have shown in attached image.
In 4 Hour Chart and 1 Hour Chart :- Gold was broken the sideways movement on upper side now previous resistance acting as key support level so we can buy near support level of horizontal line and except upto next key resistance level :- which we have shown in attached image.