Gold

Today analysis for the pair of gold

Is time ke price ye chal rhe he......... 1606

Resistance level 1 # 1609
Resistance level 2 # 1614
Resistance level 3 # 1619

Support level 1 # 1600
Support level 2 # 1598
Support level 3 # 1594

Ye pair buy ka bna huwa he i think jahan par market punche huwe he wahan se up ke traf movement kar sakte he so main suggest kronga hamen buy ki trade lga dene chaheye i hope is trade se ham profit earn kar len

Main ye thread GOLD ke discussion ke liye bana raha hain. Sabhi members ko ya post karne ke liye swagat karta hoon.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 . I closed my buy order and just watching the movement, waiting for some good entry if its able to hit the 1540 level then we see some quick raise.

gold

trade currencies, you should have a firm understanding of currency quoting con- ventions, how forex transactions are priced, and the mathematical formulae required to convert one cur- rency into another.
Currency exchange rates are usually quoted using a pair of prices representing a “bid” and an “ask.” Similar to the manner in which stocks might be quoted, the “ask” is a price that represents how much you will need to spend in order to purchase a currency, and the “bid” is a price that represents the (lower) amount that you will receive if you sell the currency. The dif- ference between the bid and ask prices is known as the “bid-ask spread,” and it represents an inherent cost of trading – the wider the bid-ask spread, the more it costs to buy and sell a given currency, apart from any other commissions or transaction charges.

If a M15 close above 1800 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 1765 sell only and do not buy. If price closes back above it again do nothing

The range 1800 and 1765 is neutral area, any trade done in between is personal decision and not part of this analysis

gold

Forex technical analysis is the study of market action primarily through the use of charts for the purpose of forecasting future price trends. Forex traders can develop strategies based on various technical analysis tools including market trend, volume, range,support and resistance levels, chart patterns and indicators, as well as conduct a Multiple Time Frame Analysis using different time- frame charts.
Technical analysis strategy is a crucial method of evaluating assets based on the analysis and statistics of past market action, such as past prices and past volume. The main goal of technical analysts is not the measuring of asset’s underlying value, they attempt to use charts or other tools of technical analysis to determine patterns that will help to forecast future market activity. Their firm belief is that the future performance of markets can be indicated by the historical performance

In July, exports of the Bamboo Curtain country were estimated to contract 2.2% YoY, 7.6% YoY imports, and a trade balance surplus of US $ 37.49 billion, citing the consensus of Trading Economics. This data is important because it can determine the direction of US-China trade negotiations.

Gold moves lower on Friday, but still gains to week for 4 weeks, kerana ration parlimen awaiting the draw for the U.S. Republican Party regarding the draft budget to cut 2 Ogos ahead to increase the debt limit.

GOLD (Derived Data)
CFDS ON GOLD (US$ / OZ):TVC
1607.60
USD
−3.75 (−0.23%)
MARKET OPEN (FEB 20 08:13 UTC)
1611.35
PREV
1611.50
OPEN
0
VOLUME
1604.06 — 1612.89
DAY'S RANGE

Latest Gold Rates And Currency Rates Are Available At Bolnews.
The Gold Rate in Pakistan on 19th of Feb, 2020 per tola of gold is Rs. 91150, while the rates of 10 grams of gold is Rs 71,634 latest updated.

Gold rates can be different in each city of Pakistan at different times. The new Gold prices for different cities including Karachi, Islamabad, Lahore, Rawalpindi, Peshawar, Quetta, will be updated soon.

Candlestick charts are the most common chart types used by retail traders and investors. There are many other types of charts such as line charts, bar charts etc., but they don’t tell the story of past price action like candlestick indicator patterns do. When active trading is based solely upon technical analysis, projecting future price action is rooted in how the price has behaved in the past.

Candlestick analysis is a very useful form of technical analysis. It works almost perfectly in volatile times but also functions adequately in less volatile times. All in all, candlesticks, as well as candlestick trading, works fairly well in isolation or when combined with one or two other indicators.

Candlesticks represent fluctuations in price for a certain period of time. Durations may be as little as one minute or as large as a week or month. The body of the candlestick is the price difference between the opening and the closing time. The two vertical lines on each side, which are called shadows or wicks, display the highest and the lowest point of the price for that period of time.