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If there is no patience when we are doing our analysis in the forex market, I just wonder what would become of our trading accounts at the end of the day because of the fact about losses, people that have used patterns that makes sense would really understand that there are different challenges to be encountered in the forex market which means that we may face something that cannot be avoided in the forex market, without money management, different challenges would automatically surface that can make everyone that has a good knowledge to lose their trading account and our trading shows that we need to engage in some basic responsibility that would make it possible for us to gain ability to make money from the market as it stands.
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Gold Price Analysis: XAU/USD easing from 2020 highs, trades near $1640.00/oz
NEWS | 31 minutes ago | By Flavio Tosti
XAU/USD is consolidating gains below the 1660.00 level.
Support is seen in the 1640.40/1622.00 band.
Gold daily chart
XAU/USD is trading in a bull trend above its main daily simple moving averages (SMAs) as the market is pulling back down from 2020 highs established two days ago.
Gold four-hour chart
Gold is consolidating the recent gains while trading above the main SMAs on the four-hour chart. Bears want a daily close below the 1640.40 level to extend to bear move towards the 1622.00 and 1600.00 price levels. On the other hand, bulls would gain momentum on a break above the 1660.00 level en route towards the 1692.00 and 1700.00 resistances.
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CANDLESTICKS. A candlestick is composed of two features. The first is the real body, which is the rectangle between the open and close and is what gives candlestick graphs their distinctive appearance; this area is blacked in if the open is above the close and white if the close is above the open. A session in which the open and close are the same is commonly referred to as a doji session and is represented by a single horizontal line at that price. The second distinctive feature is the shadows of a candle, which are drawn in the area above and below the real body and the extremes. It is possible to have one, two or no shadows. When a shadow is absent, the result is referred to as a shaved candle.
The shadows of a candle - which give the appearance of being wicks - are drawn in the area above and below the real body. The upper shadow is the area between the high and the top of the real body, while the lower shadow is the area between the bottom of the real body and the low. It is possible to have one, two or no shadows. When a shadow is absent, the result is often referred to as a shaved candle.
Much of candlestick analysis revolves around the search for, and identifying, reversal patterns. Many of the distinctive terms associated with candlestick charting come into use with reversal patterns. This is where the real difference between candlestick charting and bar charting comes into play. However, candlestick analysis can offer more than you think. Most technicians use highs and lows for support and resistance points as part of their basic charting techniques. But in keeping with the candlestick emphasis on opens and closes, let's change the way we look at the market. Instead of the usual highs and lows, let's use real-body highs and lows.
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Today i am going to discuss this pair in my own justification and analysis. I think this pair i the most. Faverable pair in the forex market .
Thats reason why i using this pair for my profitable trade
Technical analysis on basis of these indicators
Parabolic sar
Fivo piv
Moving everages
And also RSI
So best of luck for the comferm trade .
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Gold
Today market trend = buy
Oscillator sales volume
Current price
And
Support points and resistance
market ke oper janey k haq main hain
buy ki trade profit de gi
Indicators ko follow karte hoye aur
apni samjh soch ke sath trading
Kren. Ta k ap zyda earning hasal kr saken or agar
ap market ko achi terha samjay bagher trade kren
ge to nuqsan uthana paray ga.
Instaforex is the best online job.
Best of luck to all members of forax community
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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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Unfortunately, what happens to gold is very exaggerated, not the prices it reached, but its rise without correction
Gold, if it continues to rise this week and steady today, closing above 1662
It will target 1734
Gold must fall to give more rise, but its continuation of this violence will stop trading in gold
Dow Jones deals and the dollar yen hit the stop with a simple thing, thank God
But the gold that comes with it is a hedge of the week that is late and endurable, leaving the hedge completely because any drop of it will be very, very, very strong.
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:1f615::1f615::1f615::1f615::1f615:
CANDLESTICKS. A candlestick is composed of two features. The first is the real body, which is the rectangle between the open and close and is what gives candlestick graphs their distinctive appearance; this area is blacked in if the open is above the close and white if the close is above the open. A session in which the open and close are the same is commonly referred to as a doji session and is represented by a single horizontal line at that price. The second distinctive feature is the shadows of a candle, which are drawn in the area above and below the real body and the extremes. It is possible to have one, two or no shadows. When a shadow is absent, the result is referred to as a shaved candle.
The shadows of a candle - which give the appearance of being wicks - are drawn in the area above and below the real body. The upper shadow is the area between the high and the top of the real body, while the lower shadow is the area between the bottom of the real body and the low. It is possible to have one, two or no shadows. When a shadow is absent, the result is often referred to as a shaved candle.
Much of candlestick analysis revolves around the search for, and identifying, reversal patterns. Many of the distinctive terms associated with candlestick charting come into use with reversal patterns. This is where the real difference between candlestick charting and bar charting comes into play. However, candlestick analysis can offer more than you think. Most technicians use highs and lows for support and resistance points as part of their basic charting techniques. But in keeping with the candlestick emphasis on opens and closes, let's change the way we look at the market. Instead of the usual highs and lows, let's use real-body highs and lows.
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Gold
Ichimoku trends giving selling signals
THE RSI movement of this pair is moving with high frequency on SELL signal.
StdDew & Mcad are main factors which also giving the SELLYing signals.
Bulls power higly selling side movements.
Parablic sar on top showa SELL trends.
this pair has being bearish trends last some hours which can be seen.
today moving movement of this pair today on: SELL
highest 2nd resistance of this pair today will be going :1650
i think best time to enter sell trade at 1645- with tp at 1620 with narrow stop loss of 1653 in short terms
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Dear i.forex members
GOLD
On this Day i will predicted this pair have being bearish down direction.
the price is break Resistance and Trend Line and it is moving down side with having the long signal from the parabolic SAR.
the market trend could remain in this position and I expected support resistance levels.
A dot below the candles that indicates a downtrend direction
in addition to that we can see a SELL signal on the MACD indicator.
I suggest to take short terms position on SELL today.