Gold

Gold is going down and we can have a sell trade on this pair

Support and resistance levels:-

S3 1307.15
S2 1311.36
S3 1313.99

R1 1318.20
R2 1319.78
R3 1323.99

Cost raised $5 secondary selling open and framed another bullish flame on day by day outline, on the off chance that its ready to break the 1551, at that point we see some speedy rally toward unsurpassed high, Hold on purchase request till unequaled high.

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.

GOLD Analysis


Support 1309.34

Support 1306.40

Support 1304.33



Resistance 1313.50

Resistance 1316.40

Resistance 1319.50

Gold Price Forecast – Gold markets pulled back slightly on TuesdayGold markets pulled back just a bit during the trading session on Tuesday, as the $1325 level has offered a significant amount of psychological and structural resistance. Beyond that, we also have the trend line that I have been talking about just above.

Gold Price Futures (GC) Technical Analysis – Weekly Chart Indicates Strength Over $1325.90, Weakness Under $1317.30Based on last week’s close at $1318.70, the direction of the June Comex gold market this week is likely to be determined by trader reaction to the uptrending Gann angle at $1317.30 and the main Fibonacci level at $1325.90.

Today's my analysis on gold
timeframe= 4h
parabolic sar = negative.
moving average= negative
stoshtic oscillator= oversold at level 20
my suggestion.
gold couldn't able to break Resistance level which is around 1320 so sell now with target 1298
support and Resistance of gold
Strong resistance at 1341.76
Minor Resistance at 1333.13
pivot point at 1319.23
strong support at 1300.06
minor support at 1305.33

Analysis Support and Resistance


Support 1:1314.61
Support 2:1314.41
Support 3:1313.64

Resistance 1:1314.99
Resistance 2:1315.19
Resistance 3:1315.38

Note Must Read

Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. Before deciding to trade foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose.

pair- gold
chart analysis time frame- M30



the price has been break the fib 61.8 level and the support of 1290.00 the price is also moving below the pivot point 1292.87 so more down trend can expected. if the price is break 1280.00 level then this will be falling down to the support at 1250.00
good luck.

Today analysis for the pair of : gold
Trading opinion for the best profitable trade: Open buy
I recommend this trading trend for all my friends because I made this recommendation after the great experience of trading and analysis of fundamental approaches. Best of luck

Resistance level

1 Resistance : 1320.00
2 Resistance : 1325.99
3 Resistance : 1330.44

Supporting level

1 Supporting : 1310.00
2 Supporting : 1305.22
3 Supporting : 1300.09