Gold ( Xau/Usd ) : 19/12/2017 Technical Analysis Report From Centreforex
Our Preference: Sell below 1266 for the target of 1252 and 1238 level
Alternative Scenario: Nill
Technical Commentary: In Daily Chart :- XauUsd was broken the ascending triangle pattern on lower side, now gold was bounces back from key support level 50 % Fibonacci retracement level and the gold was trading near lower trend line of the triangle pattern and its trading near 38% Fibonacci Retracement levels, so we can except on selling side and we can sell near intraday resistance levels and except upto next key support levels:- which we have shown in attached image.
By Subramanian From Centreforex