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News) Another bullish gold price update comes from TD Securities, which is now projecting a move to $1,800 an ounce and then a jump to $2,000 near year-end.
Gold prices rallied along with risk assets this week. At one point, gold even neared $1,700 an ounce. At the time of writing, April Comex gold futures were trading at $1,636.40, up 0.18% on the day.
There are many drivers supporting gold at the moment and once the COVID-19 outbreak peaks, constructive price conditions will remain, said TD Securities head of global strategy Bart Melek said on Thursday.
“Normalizing liquidity conditions, negative real rates, low cost of carry and concerns surrounding fiat currency debasement, not unlike those present during the post-GFC period, likely mean gold price could move toward $1,800/oz in the not too distant future,” he wrote. “A move toward $2,000 is also a distinct possibility into 2021, as the global economy normalizes, monetary contentions remain loose while fiscal deficits surge.”
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Forex forum is the good forum in the world. It provide us facility to earn good profit by trading on it.
I have also use this forum for invest money and make trading to earn good profit.
I have used to indicators RSI and Zigzag for signal of trading then I have made trading and earn good profit.
Note:Always Follow the making experienced with others having great knowledge about trading.
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Daily analysis for GBPAUD, irregular flat correction up 1.8307 close to daily pivot point 1.8228
Elliott 1.7895
Closing 1.8214
Ex-Low 1.8174
Ex-High 1.8294
Support 1 1.8160
Support 2 1.8107
Resistance 1 1.8280
Resistance 2 1.8347
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Today market technical analysis trend buy
According to some best indicator like
Bollinger band
RSI
Zigzag
Market is going to up position if you like and gain good profit open buy order and gain good and huge profit I thing keep in mind use money manage and always use stop loss and take profit. If u lost in there plz try again and take good profit.
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GBP / AUD
Resistance Level (R3): 2.051
Resistance Level (R2): 2.034
Resistance Level (R1): 2.022
Pivot Point: 2.004
Support Level (S1): 1.992
Support Level (S2): 1.975
Support Level (S3): 1.962
Good luck
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Everyone made his stretigy by its own opinions.
Some peoples used fundamental approaches, some
people used moving averages and other then used
supports and residences , who help him to make
his stretigy .
Today i discuss about the pair of ---GBP/AUD
My recommendation about this pair is --buy.
After the analysis of residence and supports and its previous movements.
Resistance 3 =2.0369
Resistance 2 =2.0170
Resistance 1 =2.9908
Pivot point=1.9709
Support 1=1.9447
Support 2=1.9248
Support 3=1.8986
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Forex is the greatest trading website to earning huge profits.
So all of friends join forex trading and earn good. I have use some good indicators to earn good profit. These indicators are
RSI
Zigzag
If indicator shows markit markit going up you trade on buy and if indicator shows markit going down you trading on sell to earn good profit. So forex trading is a good earning website.
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Forex Forecast with price level
GBP/AUD - pair in focus.
Current Price - 2.0294
main support level - 2.0111
main resistance level - 2.0522
Pair likely to be in Sell today.
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high level points of current day -
2.0341
low level points of current day -
2.0133
pair is highly in buy direction.
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Gbp/Aud Today's Aanalysis
Market trend is Bullish
Pivot point = 2.00237
S1 = 1.97491
S2 = 1.93950
S3 = 1.87663
R1 = 2.03778
R2 = 2.06524
R3 = 2.12811
