Xau/Usd : 03/11/2015 Technical Analysis Report From Centreforex
Our Preference: Buy above 1130 for the Target of 1140
Alternative Scenario: Sell Below 1127 for the target 1118 levels
Technical Commentary:- In Daily Chart :- Yesterday Gold was broken the key support level of the
triangle pattern on lower side 1142 so further we can except upto next key support level of lower
trend line 1120 levels :- which we have shown in attached image.
In 4 hour chart :-:- Gold was testing the intraday support levels 1130 and its trading near lower
trend line If lower trend line breaks means we can expect next support levels 1120 otherwise we
can except some correction upto 1142 levels :- which we have shown in attached image.
In 1 hour chart :- Gold was broken the upper trend line and its trading near key support 1130 levels
so its confirming for the buying side :- which we have shown in attached image.