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Gold.
gold is still trading below Resistance line and i guess selling gold is good idea as usdx is about to get strong soon.
on 4h timw frame parabolic sar showing negative but stoshtic oscillator as well as moving average showing positive so this time using price action strategy selling gold is good idea.
Strong Resistance 1301
minor Resistance 1298
Strong support 1282
minor support 1287
GOLD is sell.
1 Resistance 1307.92
2 Resistance 1304.18
3 Resistance 1300.09
1 Support 1292.29
2 Support 1288.57
3 Support 1284.37
The current trend downward trend 1530 targets and stop loss 1198 1222 if the price went to the highest point breakers 1242 the trend reversed to the upside targeting 1245 and then 1250
My Analysis for Gold i am still staying with my Previous opinion and with my Previous Point of view Gold need to break 1294 and stay below that level on daily closing it must be a breaking indication of the 1265 level if Gold close above the level of 1294 on weekly Chart the we can expect 1303 and 1308 and then 1317 levels very soon.
Gold prices fell yesterday in response to the resumption of US dollar growth due to the increase in US bond yields. In addition, investors reacted positively to the minutes of the FOMC meeting which confirmed the regulator's willingness to raise interest rates at the September meeting.
The escalating trade conflict between the United States and China provides more support for the safe dollar of gold. New mutual duties were implemented yesterday, as there was no significant progress in negotiations in Washington.
Today, investors are waiting for Federal Reserve Chairman Jerome Powell's address at the Jackson Hole Symposium. He will report on monetary policy in the changing economy. The market is also waiting for comments by the Chairman of the Regulatory Authority regarding the recent cash statements of President Trump.
Hi Guys, following my previous post please find above 4H chart focusing on the triple S support before the pullback at the end of week17. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want
1 Resistance 1307.92
2 Resistance 1304.18
3 Resistance 1300.09
1 Support 1292.23
2 Support 1288.55
3 Support 1284.39
Hi Guys, following my previous post please find above 4H chart focusing on the triple S support before the pullback at the end of week17. Thank you for your support and for sharing your ideas. Don't forget to put a like if you appreciate the post and to follow me if you want
1 Resistance 1307.92
2 Resistance 1304.18
3 Resistance 1300.09
1 Support 1292.23
2 Support 1288.55
3 Support 1284.39
GOLD Today Analysis
Market Trend Bullish
Pivot Point 1296.50
S 1 >>>>> 1292.40
S 2 >>>>> 1287.50
S 3 >>>>> 1285.00
R 1 >>>>> 1300.70
R 2 >>>>> 1303.50
R 3 >>>>> 1309.10
Gold.
gold is still trading below Resistance line and i guess selling gold is good idea as usdx is about to get strong soon.
on 4h timw frame parabolic sar showing negative but stoshtic oscillator as well as moving average showing positive so this time using price action strategy selling gold is good idea.
Strong Resistance 1301
minor Resistance 1298
Strong support 1282
minor support 1287
Gold
trend of this pair gold is very good for trading condition and profitable its graph raise up and down both ways......
my analysis for today resistance and supporting view:
1 Resistance 1307.97
2 Resistance 1304.15
3 Resistance 1300.04
1 Support 1294.5
2 Support 1288.53
3 Support 1284.40
i hope it will be down today..