Indicated gold was weakened. Immediate support now at 1694 levels. If these levels persist, gold will move rebound to resistance area 1706. But when the pressure goes down, the level of 1684 will be the next target.
Printable View
Indicated gold was weakened. Immediate support now at 1694 levels. If these levels persist, gold will move rebound to resistance area 1706. But when the pressure goes down, the level of 1684 will be the next target.
Gold is very important yet risky item for trade. Here Trader must analysis the properly before trade. In trade here, initial support and resistance is very important part to consider!
Bias for gold is bearish in nearest term for gold testing at 1686 area before targeting 1673 region.
On the upside, 1700 area is nearest resistance, a clear break above that area could trigger further bullish pressure aiming 1718 region.
Gold is stil move in consolidation, it seems that gold may fall again after this break. I think gold will likely fall towards 1686.60 or lower. I keep on bearish trend
anyone who has ever traded gold would tell you that gold is the perfect commodity to trade despite of itbeing so expensive i think it is very possible for ane to make a fortune with it.
On the H1 chart price is below 12 EMA (red) and 72 EMA (blue) indicates the trend is still down
21 RSI is below 50 indicates the trend is still down
Recommendation: SELL
Target: 1676
SL: 1708
Gold has failed to break the resistance in 1723 and has broken the support in 1705. Further consolidation within the range specified by the 1685 and 1723 allow the gold is in a secular uptrend with strong support at 1523. Observe the resistance area between 1791 and 1803.
gold is going very up in all cities
Gold
Gold ka 1 bahut strong resistance lagta hai 1550 pe...waise to is point kop todna thoda mushkil hai lekin agar gold iske upar nikal gaya to fir iska down trend itnio easily nahi aayega..
So for gold i would recommend you guys to wait.
gold pair sub sa zaydea risky pair ha aur gold pair ki market ko smjyna baki pair ki nisbat kafi mushkal ha gold
bohat risky pair ha is ma loos ka chance bohat zaydea ha .