Hi
i think today market will recover some move to upward side and hope this will be same trend the main trend of gold is bullish and its
this short time trend i hope this will continue bullish trend.
Hi
i think today market will recover some move to upward side and hope this will be same trend the main trend of gold is bullish and its
this short time trend i hope this will continue bullish trend.
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.
Hamzagoroo (2019-05-25), Hanif484 (2018-12-14)
12 points sharp recovery from low so far is sufficient to convice that nulls still are hopeful. Liitle more strength and bears will be scared and will run to hide themself. Hope we have made the bottom or are very near to it.
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.
Hamzagoroo (2019-05-25), Hanif484 (2018-12-14)
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.
Hamzagoroo (2019-05-25), Hanif484 (2018-12-14)
1. Trend analysis today with sma system:
sma 16 as short term trend indicator = down
sma 96 as medium term trend indicator = down
sma 480 as long term trend indicator = down
So the trend is bearish strong.
2. Pivot,ressistance and support level this day:
p: 1565.40
r1: 1575.30
r2: 1594.80
r3: 1604.70
s1: 1545.90
s2: 1536.00
s3: 1516.50
Hamzagoroo (2019-05-25), Hanif484 (2018-12-14)
Cant say what will be the bottom this time but i am confident that we are somewhere near to that - and those interested in long term investment or mid term profits should start accumulating at these levels and any downside if we see should be taken as an opportunity.
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.
Hamzagoroo (2019-05-25), Hanif484 (2018-12-14)
Gold slipped approaching the technical target of the symmetrical triangle at 1552.00 which also represents 88.6% Fibonacci correction as shown above on the chart. Momentum indicators are still negative, which could trigger the continuity of the downside movement , while a breach of 1552.00 and stability below it might trigger the retest of the support level at 1532.00 later.
Recommendation : Based on the charts and explanations above our opinion is selling gold below 1579.00, targeting 1552.00 and 1532.00 and stop loss with 4-hour closing above 1590.00 might be appropriate.
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.
Hamzagoroo (2019-05-25), Hanif484 (2018-12-14)
all banks has gold as main money! LOOK at gold monthly chart, what you see? > gold is only rising, inflation, bank of world is giving loan to to all country,;s by 1 or 2%, but where they will get these 2%? only by making another loan! and more and more money is out in forex market, and more and more money is equal to gold! gold will keep rising for ever, i know for sure, there will be many good pullbacks, because country; like USA will get economy back, and give back it;s loan, but still there are so many country's in our world!
ENJOY TOUR TRADES
Hamzagoroo (2019-05-25), Hanif484 (2018-12-14)
The metal is facing now the level of 1579.00, where a breach of this level might trigger the extension of the downside movement . The metal breached this level indeed, but yet further confirmation is needed. In general, our morning expectations remain valid, supported by the symmetrical triangle shown above on the chart.
Recommendation : Based on the charts and explanations above our opinion is selling gold around 1590.00, targeting 1579.00, 1552.00 and 1530.00 and stop loss with 4-hour closing above 1624.00 might be appropriate.
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.
Hamzagoroo (2019-05-25), Hanif484 (2018-12-14), Sadi (2020-02-19), Shahnawaz148 (2019-04-27)
1. Review the movement of the GOLD yesterday : Gold opening at 1588.80 .The movement price begin with strengthening to 1590.60 then down until 1587.70 then up to 1595.70. After price fall down again reached their lowest point (1585.10) ,it retraced up to highest point at 1599.60. Gold is closed at 1593.20 (instaforex server).
2. Trend analysis today with sma system:
sma 16 as short term trend indicator= down
sma 96 as medium term trend indicator= down
sma 480 as long term trend indicator = down
So the trend is down strong.
3. Stochastic (5,3,3)/ mrenstein stochastic signal level:
tf m15: 17.06
tf m30: 11.49
tf h1: 8.42
tf h4: 14.54
tf d1: 11.00
4. Possibility of price movements today: After break dayly support 2 level price will go to 1571.17 as dayly support 3 level, but look at stochastic all tf data above, they all in oversold area .This indicates that price will retrace up before down again. If price movement up, it will back to opening price asian session.
5. Pivot,ressistance and support level this day:
p: 1592.63
r1: 1600.17
r2: 1607.13
r3: 1614.67
s1: 1585.67
s2: 1578.13
s3: 1571.17
Hamzagoroo (2019-05-25), Hanif484 (2018-12-14)
For short term trader in gold there is a good technical today because if we look the chart in the picture above, gold go to up after touched monthly support level 2 yesterday in american session.
In asian market today ma 16 had crossed up ma 96 .It can indicate that the price will go up, below trend analysis today with ma system:
ma 16 as short term trend indicator= up
ma 96 as medium term trend indicator= sideways
ma 480 as long term trend indicator = down
So the trend is up weak short term
I predict the price will go up again until weekly support 2 area 1601.57
If looking mreinstein stochastic signal tf h1 & h4 in overbought area now, so before up again ,gold price may down then retrace up.
Hamzagoroo (2019-05-25), Hanif484 (2018-12-14)
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