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Long term movement pivot, Resistance and support levels are as follows for today date.
Current market price is at - 1560.82
This currency name - Gold
Resistance and Target - 1562.52
Support and Stop Loss - 1559.12
Always follow Long time frame market trend.
Signal is Sell.
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HSBC has raised its average gold price forecasts to $1,613/oz for 2020 and $1,575/oz for 2021, from $1,560/oz and $1,525/oz, Reuters reported on Friday. "We believe gold is set to move modestly higher in 2020 if global economic and geopolitical outlooks remain uncertain or ratchet higher," HSBC explained.
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My specialized Investigation gold
I use scalping systems on this cash matches so I favor the brief span that is the time period M15 and M30, that is position showcase then likewise there are a few pointers that I use as the Bollinger Groups is BREAK LOW, ADX is DOWN Pattern 83.52%, Stochastic is BREAK HIGH. At that point think about the position if the market pattern is advancing toward more leads Pattern DOWN 69.5%,
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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 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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Market trand sell.
pair sell ka ban gya hai market kafi up hoii hai and ab
down ki traf movement kar rahi hai so main ye suggest karun ga k humain
trade sell ki laga deni chahie ye humary lie kafi faidy mand sabit ho sakti
hai or last 8 hrs ka chart dekha jaye to saaf pata chalta hai
market up ho k ab down ki traf movement kar rahi hai Good Luck.
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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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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 Trend is sell
1 Resistance :1554.31
2 Resistance :1529.48
3 Resistance :1494.22
1 Supporting :1468.39
2 Supporting :1433.76
3 Supporting :1373.23
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Winning signals - Profit signals.
Today Target Pair - Gold
Today main profit zone .
1564.14 - 1573.97 - 1585.54
Today main support zone.
1521.34 - 1531.17 - 1542.74
Follow my trades with risk management in mind.
Always make profit - calculate the profit at month end.
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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