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gold is a very risky commodity to trade on it is so high risk involved in it when the dollar currency goes up gold go down and when the dollar go down gold go up. i have traded on gold so many times i earnt from it and now it trend is going down again last month it touches its lowest price of the 3 years.
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Salam everyone i want to ask something that i have 500 dolar from now where can i get trade
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Gold pair trend in strong selling and Gold price trading now below the price 1188 it mean Gold pair no chances to move up the prices above 1190 to 1195 and i recommend for sell the Gold above 1185, 1188 and 1191 and adjustment the take profit on prices below 1177 and 1172 and 1168 and adjustment the stop loss on prices above 1193, 1197 and 1201 and trader must analyze the Gold pair right prices movement first and completely clear the trend and make order in Gold pair and make good profit with Gold pair trading.
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I try to make analysis for eurgbp pair today.Gold
Recommendation Trend is :Buy
Recommendation : Based on the charts and explanations above, we remain neutral for now awaiting more confirmations for the next move.
Resistance level
1 Resistance level :1277.97
2 Resistance level :1280.87
3 Resistance level :1285.56
Support level
1 Support level : 1268.59
2 Support level : 1265.69
3 Support level : 1261.00
Don’t use high risk and please stop trading if the target has been reached, we should avoid greedy.
Regaerd :Kaka
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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.
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Gold is currently testing the resistance amid medium term bearish channel in 1743. And is likely to initiate a decline. But if through this level will potentially large and reach the upper channel in 1761.
Technical indicators show no clear signal for resistance but do not penetrate, assuming drop is possible. Bollinger Bands much a result of the strong increase in prices today. Stabilization is expected in the near future.
Gold is currently testing the lower limit of the channel, we suggest two scenarios: the first is the hypothesis which we recommend sell a decrease in the level of 1743 with the first target in 1733 then in 1731. Translucent through 1746 would invalidate this scenario. The second scenario is the hypothesis through the resistance which we recommend "buy stop" which means buy gold soon pierce through resistance at 1743 with the first target at 1755 and then 1761. If penetrating through 1740 would invalidate this scenario.
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Daily updates for the pair: Gold
this pair always gives me a good profit on every trade .today its move is much better than previous .The money management of the trading trend is very effective for getting profits with the stop loss and take profits method of getting with current trade position.
Today Trend for this pair is buy
over all up movement: 1281.70
over all Down movement : 1275.39
End point of today market:1277.91
My judgments always make me to control the forex market movement. But please you always put a take loss in your trade for reduce your risk. Best of Luck
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Gold Resistance & Support
Resistance level
1 Resistance level 1274.35
2 Resistance level 1274.48
3 Resistance level 1274.60
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Support level
1 Support level 1273.79
2 Support level 1273.60
3 Support level 1273.45
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Technical analysis for GOLD
gold analysis for 30.12.2018
( GOLD ) price sell (minimum) is 1273.86
or buy (maximum) 1274.59
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Gold tries to provide some positive trades and find the level of 1749.00 ceiling so strong now, while still neutral position existed until we have confirmation signals accurately for the next destination on the intraday and short term.