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Gold futures ended Friday�s session at the lowest level in two weeks, as traders were hesitant to push up prices amid ongoing uncertainty over whether Spain will formally request a full-scale sovereign debt bailout.
On the Comex division of the New York Mercantile Exchange, gold futures for December delivery settled at USD1,755.25 a troy ounce by close of trade on Friday, losing 0.9% on the day.
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Has recently bounced off of its daily support and is expected to push towards the supply zone indicated in the chart above over the next couple of weeks.
Pretty simple idea, looking for shorts based on rejection of key zone + divergence on the 1h. Enjoy
Daily and weekly timeframe suggesting this pair is bullish for long term target of pips can be easily caught..
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Gold price is widely followed in financial
markets around the world. Gold was the
basis of economic capitalism for hundreds
of years until the repeal of the Gold
standard, which led to the expansion of a
fiat currency system in which paper money
doesn't have an implied backing with any
physical form of monetization. AU is the
code for Gold on the Periodic table of
elements, and the price above is Gold quoted
in US Dollars, which is the common
yardstick for measuring the value of Gold
across the world.
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Hello Traders
Gold :
The trading rang for today is among the major support @ 1574 and the key of resistance @ 1511.
The general over short term basis is to the upside targeting 1573 as far as area of 1576
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gold
In Forex technical analysis a chart is a graphical representation of price movements over a certain time frame. It can show security’s price movement over a month or a year period. Depending on what information traders search for and what skills they master, they can use certain types of charts: the bar chart, the line chart, the candlestick chart and the point and figure chart.
Also they can develop a specific strategy using the following popular technical chart patterns:
Triangles Flags Pennants The Wedge The Rectangle Pattern The Head and Shoulders Pattern Double Tops and Double Bottoms Triple Tops and Triple Bottoms
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Gold
Market trend Bulllish
Resistance 1554.32
Resistance 1529.91
Resistance 1494.23
Supporting 1468.35
Supporting 1433.75
Supporting 1373.31
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Today i am going to discuss this pair..
results of analysis of using daily pivot point calculations
I see this pair still in strong bullish movement . If this pair keep moving to up side , I predict this pair will reach to the next resistance level,
maybe this pair will make some correction to the next high level.
Up trend is indicated from the Simple Moving Average and Bollinger Bands indicator . BUY position is better choice now, you can set target profit level
35 pips from current price
forex ke trading main yeh bhe ek great pair hai trading krne ke liye or new user ke liye tu yeh ek gift hai ap log agar es pair per watch kr ke trading
krte ho tu forex ke trading main es jesa koe or pair nh hai yeh ek great pair hai forex ke trading main watch kr ke trading kren tu best earning deta
hai yeh pair ,
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Hy, Helo
Me thek hon Guys ap kasy hain sab log.. umeed ha sab khariyat se hon gy . dosto ap sab log jasy k janty hain k forex
trading aj kal achi ni chal rhe ha . Us ke chand reasons hain. hat ak pair ak kal jasy b trade lagao loss me he
jaa raha ha . Or ya vala pair b aaj kal kuch khas profit ni dy raha pata ni asa q ho raha ha . Forex trading me
bus vohi log acha profit earn kr rahy hain jin logon ko market ka kuch experience ha ya jo isky technical
analysis samj sakty hain. Baki mery jasy to bus . Loss he me rehty hai .
Lakin me ap sab ko bus yahi kehna chahta hon. K please himat na haarna . Apna time ay ga . ..
forex trading me bus vohi log success hovy hain jo Emotional ni hoty.... So good luck and keep it up...
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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.