Technical Commentary: In Daily Chart :- XauUsd was trading in the sideways movement and its trading in the triangle pattern and gold was tested the upper trend line, its bounce back on selling side 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.
Last week on gold already break high, but eventually on monday gold movement again to bearish and back to low daily, today market movement on gold figure out pattern bullish and will possible for long term still continue bullish
Today market on gold, we can look on friday market gold on narrow movement and on retracement time, but still possible if now price on strong resistance and become reversal time because if using weekly indeed movement average on range weekly
Technical Commentary: In Daily Chart :- XauUsd was failure to break upper trend line of key resistance level and yesterday it was closed on liwer side as bearish candle and gold was trading in the sideways movement and its trading in the triangle pattern and its bounce back from upper trend line, 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.
Good setup trading for gold, if look yesterday movement for gold still on bearish trend, now look daily timeframe also still on pressure bearish but if look on hourly seems still weak to reached 1269 might waiting for newyork session, if price not reached support hence will possible reversal again
Technical Commentary: In Daily Chart :- XauUsd was failure to break upper trend line of key resistance level and its failure to break the 38 % Fibonacci retracement level and day before day the strong support was broken the lower trend line of the triangle pattern and we got closing below the lower trend line, 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.
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.
