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I do not always trading gold i only concentrate on trading currencies because this is what i have much knowledge about because gold is not always directional when it moves,it is better for me to concentrate on the one i know much about that venturing in gold that i do not know much about that will make me to lose huge sum of money.
Gold is very important metal for trading in forex .its movement up trend or downwaerd trend very sharp .so ehile trading in gold be remain efficient and cool minded
Also trading in gold .you see all the big news about gold beacuse gold news effect very much of prize of gold
Our preference: Bearish setups on a pull-back move to within 1617.15 – 1629.70 with targets @ 1609.56 & 1597.10 in extension.
Alternative scenario: Above 1629.70, watch for bullish setups with 1637.45 as target and 1649.91 in extension.
Comment: In general, gold price remains under pressure. Hourly stochastic is overbought. Watch the level of 1623.51 (50% Fibonacci).http://www.tradewindowfx.com/wp-cont...3-10-20-00.png
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 and watch
Gold is approaching the lower limit of its medium term bearish channel at 1383 suggesting a rebound in the short term. However a break of these levels would initiate a more violent bearish trend.
According to previous events, the market indicates a bullish opportunity on the levels of 1383 with a 1st objective of 1405, then 1409. A break in 1380 would invalidate this scenario
in the h4 time frame gold is over sold by stoch and cci. at the time in the chart we can see the price 1599.00 is also hold the falling the price and providing a support. stoch is giving us long signal so we long this pair if the upper side resistance 16.20 is break.
sell gold at the level 1616.65 with targets at 1598.33 and 1589.67, but in case of breaking the level 1623.39, then buy above this level with targets at 1628.20 and 1642.12
gold bohat acha pair ha ma gold ma kafi dafa trade kar cuka ho gold ma muje profat be huwa ha aur loos be
gold ma trade karne ka laye balance ka kafi hona zarori ha jo abi mere pass nahi ha ma abi bouns ko aktha
kar raha ho
The gold price is still stuck between 1597 till 1618. I believe price will become uptrend after it can breakup 1618 and make a significant reversal for the downtrend movement at the past. We can use the distance of the range as the buying target.
GOLD (Spot) intraday: the downside prevails.
Pivot: 1629.00
Our preference: SHORT positions below 1629 with 1598 & 1580 in sight.
Alternative scenario: The upside penetration of 1629 will call for 1640 & 1654.
Comment: gold prices remain to the downside, challenging a support around 1600.
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Our preference: Bearish setups on a pull-back move to within 1608.15 – 1619.35 with targets @ 1597.10 & 1584.64 in extension.
Alternative scenario: Above 1619.35, watch for bullish setups with 1629.74 as target and 1649.91 in extension.
Comment: In general, gold price remains under pressure. Hourly stochastic is overbought.http://www.tradewindowfx.com/wp-cont...3-10-47-06.png