Gold

[Akhterp]

Fellows, this week is really important from a trading point of view as the U.S. – China trade war begins on July 6. Moreover, investors’ focus remains on the U.S. labor market figures which are coming out on Wednesday and Friday. Today during the Asian session, gold gains support near $1245 after falling to six months low. Here’s a trading plan for today…
Fundamentally, the dollar is gaining momentum on the back of two rate hikes in 2018. There’s a strong negative correlation between dollar and gold which is why strength in the Greenback is driving bears for the bullion.
On the flip side, there’s an immense amount of uncertainty in the market as the U.S. will slap 25% tariffs on up to $50 billion of Chinese goods on July 6. This will not only hurt the Chinese markets but also shake the business of the U.S. importers. Consequently, investors have begun a sell-off in the indices which is supporting the gold.

Gold has come out of the bearish channel. The breakout took place at $1,251 and gold is still trading outside the downward channel. It’s sort of a bullish signal for traders. But at the same time, the 50 periods EMA is extending a solid resistance near $1,252.

[Sunriser1]

The bullion market is finally gaining some bullish momentum after the series of events which has increased the level of uncertainty in the market. For instance, the U.S. President Donald Trump warned the WTO (World Trade Organization) that “we’ll be doing something” if the U.S. isn’t treated properly. This came in response to EU’s remarks that U.S. automotive tariffs would damage its own vehicle industry.

Additionally, Canada’s slapped back C$16.6 billion worth tariff on U.S. goods in retaliation for U.S. tariffs. Interestingly, the U.S. Chamber of Commerce criticized President Trump’s approach to global trade disputes. In fact, they published a statement that claimed tariffs applied by Trump and retaliation by its allies would backfire badly on the American economy.

gold has completed the 61.8% retracement at $1,246. At the same time, 50 periods EMA is extending a solid resistance to gold near $1,246. We can expect a drop in gold prices only below $1,246. Whereas, the violation of $1,246 can lead prices towards $1,251.

[fxearner]

एमएसीडी संकेतक नकारात्मक क्षेत्र में है, लेकिन यह खरीद का समर्थन करता है। स्टोकास्टिक सूचक ओवरबॉट क्षेत्र में है और खरीद का समर्थन करता है। आरएसआई सूचक भी खरीद का समर्थन करता है। उत्तरी लक्ष्य: प्रतिरोध -1 (1250.41), प्रतिरोध -2 (1253.82), प्रतिरोध -3 (1259.35)। दक्षिणी लक्ष्य: पिवट का स्तर- (1244.88), समर्थन -1 (1239.35), समर्थन -2 (1235.9 4), समर्थन -3 (1230.41)। कीमत को डाउनलिंक में कारोबार किया जाता है, लेकिन एक अवधि (50) और पिवट के ऊपर चलती औसत (ईएमए) के ऊपर

[alishba.mkt]

Gold in a minor correction with death cross scenario on busy schedule ahead.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>> >>>>>>>>>>>>>>>>>>>>>>>

[arshadlaskani]

Gold pair kafi up levels par movement kar choka he aur mere analysis k mutabik ye aj kafi down ho sakta he
Down level ye rahega : 1238.33
Focused levels : 1248.99
Normally levels. : 1244.11

[MARandhawa]

Morning Update:
Gold prices are declining. The absence of protracted corrections indicates the strength of the current trend. The rate stays under pressure of the strengthening dollar. The expected increase in the Fed’s interest rate facilitates the sales of gold futures in favor of the US currency.

[zahid2016]

Unless we see a late-Friday session selloff in bullion, August gold futures are poised to close in the green. After a rough week dominated by bears, price is consolidating just above the $1250.00 level. Is this a case of institutions hedging weekend risk or are bargain hunters finally stepping in?

Today has brought rekindled enthusiasm for U.S. indices. Both the DJIA and S&P 500 are up big on the session, as are gold and crude oil. Money is flowing into the markets en masse, with traders eager to take fresh positions into the weekly close.

[tayyab4ptc]

gold aur oil trading kafi difficult hoti hai is liye in pey trading k liye kafi knowledge aur experience chahiye hota hai. gold pey trading kafi profitable bhi hoti hai q k is ki price movement kafi frequent hoti hai aur ye cash mai convert abhi hai any time due to its high liquidity

[FOREXBOY]

gold ka price level abhi 1250 level par hai, kafi important support zone pe trade kar rha hai gold or ye abhi thoda or down ja sakta hai or support level 1242 ko test kar skta hai or uske bad hume isme kafi reverse trend dekhne k liye mil sakta hai. abhi is pair meh trade avoid bhi kari ja sakti hai.

[batool]

Gold pair ka trend buy sy sell ki trf bn chuka hay aor gold ki abhi kt ki price movement 1245 sy 1254 tk ki howi hay aor gold ka trend zyada sell ki position main hay is liay Trader gold ko 1255 ya 1258 sy sell kar sakta hay ya thora wait kr lay aor gold ko 1265 sy sell kr lay aor take profit Trader gold ko 1246 ya 1240 tk ka laga sakta hay aor Trader gold ko stop loss 1262 tk ka laga kr trading safe kar sakta hay