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Gold this week dipped to around $1,700 an ounce, and rising equity markets “have stunted gold’s upward momentum,” said Standard Chartered. However, the metal was up $12.60 to $1,713.40 an ounce as of 11:40 a.m. EDT after dipping below $1,700 on Thursday. “Risk appetite continues to set the tone for gold trading,” Standard Chartered said. “Equity-market performance, USD [U.S. dollar] weakness, U.S. Treasury yields and interest-rate expectations remain key in the near term….Gold has been pulled between economies reopening, [COVID-19] vaccine developments, concerns over a second wave of infections, and trade and geopolitical tensions.” For now, Standard Chartered said, prices may run into headwinds in the near term due to weaker-than-expected physical demand during the seasonally slow period. “We expect prices to average $1,700/oz in Q3 2020, but beyond near-term weakness, price risk remains skewed to the upside.”
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Market analisisss..
using multiple time frame analysis will gives you a clearer view of the market and increases chance to making profit. to get consistent profits we must have a good strategy, many of the strategies we use but must match your trading style.
you also need to have emotional control, and good money management.I hope you can earn consistent profit from my signal, good luck
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we predict future values with technical analysis for wide selection of Forex (Foreign Exchange) pairs like EUR to CAD . If you are looking for foreign exchange rates with good return, EUR to CAD can be a bad, high-risk 1-year investment option. EUR/CAD rate equal to 1.530 at 2020-06-05, but your current investment may be devalued in the future.
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1 Attachment(s)
अभिवादन, व्यापारियों! एच 1 टाइमफ्रेम पर तकनीकी विश्लेषण। eurcad जोड़ी के लिए 14-दिवसीय अवधि के लिए दैनिक दैनिक अस्थिरता वर्तमान में 105 पी है। उत्तर में मूल्य आंदोलन की संभावना 1.5253 है। दक्षिण में अधिकतम लक्ष्य 1.5062 पर स्थित है। eurcad के लिए इंट्रा डे प्रतिरोध स्तर 1.5196 है। यदि खरीदार इस स्तर से ऊपर उठने और पैर जमाने का प्रबंधन करते हैं, तो उन्हें 1.5253 की वृद्धि की उम्मीद करनी चाहिए। यदि 1.5135 के स्तर का टूटना होता है, तो विक्रेता 1.5062 के लिए समर्थन का परीक्षण करेंगे।
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EUR/CAD.... BULLISH
PIVOT POINT 1.5250
Support Level S1.... 1.5165
Support Level S2.... 1.5113
Support Level S3 .... 1.5028
Resistance Level R1.... 1.5335
Resistance Level R2.... 1.5387
Resistance Level R3 .... 1.5472
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today my technical analysis on market trend with this pair.
market trend on BUY
moving average with buy 65%
moving average with SELL35%
Parabolic sar on BUY
SO if we trade buy side then we get sI predict this pair have bullish direction
I suggest to take LONG position today
time frame that is considered while making support and resistance levels – use Daily and Weekly time frame, consider the daily economic news before taking the tradehurely take profit to earn
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EUR/CAD
Bullish
Pivot Point 1.5225
3 Support 1.5153
2 Support 1.5185
1 Support 1.5217
1 Resistance 1.5253
2 Resistance 1.5265
3 Resistance 1.5309
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Till now the pair unable to breakout to the weekly resistance @1.4352.
so it is likly to falling down just to retest the trend line then Up movements will be expected after
brokeakout of the weekly resistance.
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This pair is bullish and is near to resistance level 1.5330
If it will break this level it will move up to resistance level 1.5549
Otherwise move down to support level 1.5026
Trade with money management by using stop loss.
Thanks for your thank.
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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.