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Hi dears my analyses about this ,,Gold,,,
It seems that moving average show us bull type here. But now The pointers educate us concerning business sector down so do the exchanging Sell and get an enormous benefit,,pivot 1478.45
So could the trading in Sell and get a huge profit.
As this pair we know that .Big movement of every pair also because of news. News of donald trump is most important. About USA and Chaina trades...
I am doing trading on this pair . After the analysis of moving arevages frame m30 .
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gold
Resistance UP ^
pivot point # 1474
1#Resistance 1478
2# Resistance 1480
3# Resistance 1486
Support DOWN V
1# Support 1459
2# Support 1454
3# Support 1450
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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
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Successful traders have to move fast, but they don't have to think fast. Why? Because they've developed a trading strategy in advance, along with the discipline to stick to that strategy. It is important to follow your formula closely rather than try to chase profits. Don't let your emotions get the best of you and abandon your strategy. There's a mantra among day traders: "Plan your trade and trade your plan."
trading takes a lot of practice and know-how, and there are several factors that can make the process challenging. The risk/reward ratio helps investors manage their risk of losing money on trades. Even if a trader has some profitable trades, he will lose money over time if his win rate is below 50%. The risk/reward ratio measures the difference between a trade entry point to a stop-loss and a sell or take-profit order. Comparing these two provides the ratio of profit to loss, or reward to risk.
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Gold
1478.0-0.3100(-0.0200%)
16:39:13(GMT)|Real-Time Data, Quoted in USD
Open
N/A
Day's Range
1475.7 - 1480.9
Class
Commodities
Bid/Ask
1477.4/1478.6
Symbol
XAUUSD
Subclass / Sector
Metals
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Current trend jo hai woh upward trend pe hai aur jab target hai 1554 agar price niche ki aur gaya toh lowest point hai iska 1536, breaking the trend turn to the downside targeting 1531 then 1525
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Gold :
The trading rang for today is among the major support @ 1498 and the key of resistance @ 1511.
The general over short term basis is to the upside targeting 1511 as far as area of 1520 .
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Gold
Calculation For Trading:
Resistance Level (R3): 1488.700
Resistance Level (R2): 1486.400
Resistance Level (R1): 1484.400
Pivot Point: 1482.100
Support Level (S1): 1480.100
Support Level (S2): 1477.800
Support Level (S3): 1475.800
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Price raised $5 after market open and formed another bullish candle on daily chart, if its able to break the 1551 then we see some quick rally toward all time high, Hold on buy order till all time high.
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Gold
1478.0-0.3100(-0.0200%)
16:39:13(GMT)|Real-Time Data, Quoted in USD
Open
N/A
Day's Range
1475.7 - 1480.9
Class
Commodities
Bid/Ask
1477.4/1478.6
Symbol
XAUUSD
Subclass / Sector
Metals