Thread: Gold
A recovery in risk appetite threatens to undermine gold prices for a second day amid fading safe-haven demand. Indeed, short-term correlation studies continue to show a significant inverse relationship between gold and the S&P 500 and the pickup in futures tracking the index ahead of the opening bell on Wall Street bode ill for the yellow metal.
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On Friday, the precious metal gold rose above a psychological trading level of $1300 recovering from the previous session’s sharp fall as the dollar dipped. Moreover, mounting worries about a slowdown in global economic growth boosted demand for the safe haven assets.
Support Resistance
1291.34 1303.19
1286.2 1309.88
1274.37 1321.61
Key Trading Level: 1298.035 today
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kanita (2019-03-16), Muneer7171 (2019-03-15), Unregistered (1)
The moves 6 and 7 were quick, with move 7 being an obvious blow off. From there prices dropped sharply into March 6th.
So what now? The most likely pattern is a consolidation, before further advance. I think the approximately six month rally from August to February is move 1 of a much larger Chaos Clamshell. This is shown by the green boxed number 1.
One way to estimate the duration of this consolidation is to anticipate that it might look like the August through October 2018 move, outlined as a red triangle. This triangle has been copied to the end of the chart. It suggests GLD could congest until about April 4th.
If prices do this, it could be a golden opportunity to buy gold for further advance near the end of the triangle. Purchases can be protected with a stop at 120. The GLD Exchange Traded Fund is my preferred vehicle, since it can be traded by small accounts. .
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
kanita (2019-03-16), Muneer7171 (2019-03-15), Unregistered (3)
On Friday, the precious metal gold rose above a psychological trading level of $1300 recovering from the previous session’s sharp fall as the dollar dipped. Moreover, mounting worries about a slowdown in global economic growth boosted demand for the safe haven assets.
Support Resistance
1291.34 1303.17
1286.2 1309.86
1274.37 1321.69
Key Trading Level: 1298.03
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Muneer7171 (2019-03-15), Unregistered (1)
Pair is Gold
Todays my technical analysis of gold
Market trend is sell.
1 RESISTANCE LEVEL IS =1305.50
2 RESISTANCE level is =1307.22
3 RESISTANCE level is =1309.55
1 supporting level is =1301.60
2 supporting level is =1297.20
3 supporting level is =1295.10
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Muneer7171 (2019-03-15), PAK786 (2019-03-16), Unregistered (1)
To-day Gold Resistance & Support
Resistance level
1 Resistance level 1317.35
2 Resistance level 1311.48
3 Resistance level 1314.30
//////////
Support level
1 Support level 1205.79
2 Support level 1203.60
3 Support level 1206.45
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Muneer7171 (2019-03-15), QasimShop (2019-03-15), Unregistered (4)
Gold
Use The Indicators<<
Moving average:buy
Parabolic is :buy
Pivot point:1300.78
Resistance and Supporting level :
Resistance Level<<
1.Resistance level is : 1305.56
2.Resistance level is :1308.45
3.Resistance level is :1310.78
Supporting Level<<
1.Supporting level is : 1301.62
2.Supporting level is : 1298.22
3.Supporting level is :1295.11
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
FA148P (2019-03-16), Galaxy (2019-03-15), Muneer7171 (2019-03-15), PAK786 (2019-03-16), QasimShop (2019-03-15), Unregistered (4)
*** technical analysis of Gold is bearish trend
1. Resistance Level:1319
2. Resistance Level:1325
3. Resistance Level: 1326
1. Supporting Level: 1314
2. Supporting Level: 1310
3. Supporting Level: 1308
***good luck all***
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
DJIA on rally last night.Gold were joint come toward upside move.As us index moving avergence with gold.
it is a noise signal.
we can not pridict any thing at this stag.
be smart, be safe.
best of luck buddies.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Galaxy (2019-03-15), Muneer7171 (2019-03-15), QasimShop (2019-03-15), Rehan218 (2019-03-31), Shah G (2019-03-15)
Gold Technical analysis
Level of Resistance
1/ Resistance 1305.61
2/ Resistance 1307.72
3/ Resistance 1308.96
Support
1/ Support 1298.62
2/ Support 1293.51
3/ Support 1296.35
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Galaxy (2019-03-15), Muneer7171 (2019-03-15), Shah G (2019-03-15)
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