Gold

After the price dropped to the support level. Now I expect growth (bounce off the support line). Traders, if you liked this idea or have your opinion on it, write in the comments. I will be gladusdchf buy now @ 0.93875 sl 0.93678 like & follow and you will be notified by trading view when i post take profit. always enter trade with small volume $100 = 0.01 volume & maximum of 4 trades. we don't use indicators, we only forecast using price action which is 100% accurate so we normally don't know tp from the entry of the trade.

With an increase of Rs2,300, gold is now priced at Rs117,300 per tola, whereas the price of 10 grammes of gold shot up Rs1,972 to Rs100,566. REUTERS/Tyrone Siu/Files
KARACHI: Gold rates in Pakistan have continued rallying to reach yet another all-time high of Rs117,300 a tola on Thursday, as the global economy headed on a path of recession due to the ongoing coronavirus pandemic, even though vaccine trials around the world have been churning out successful results.

Gold rates issued Thursday by the All Sindh Sarafa and Jewellers Association (ASSJA) indicate a tola was Rs2,300 costlier now. The price of 10 grammes of gold shot up Rs1,972 to Rs100,566 as well.

Moreover, the international gold rates have gone up to $26 an ounce to almost $1,882. The yellow metal has been staying above $1,800 in the global markets — close to nearly the nine-year peak hit in the previous session — as fears of economic stagnation grew owing to the skyrocketing coronavirus cases.

On Thursday, gold rates shot up for a fifth straight session as escalating tensions between the US and China increased its safe-haven appeal.

Gold as store of value 'significantly enhanced'
Spot gold was up 0.4% to $1,878.76 per ounce at 11:41am GMT, having hit its highest since September 2011 at $1,888.26. On the other hand, US gold futures rose 0.6% to $1,876.70.

“Gold as store of value has significantly enhanced so it wouldn’t be a surprise if it rises to $1,900,” Bank of China International analyst Xiao Fu said.

Geopolitical risks, worries about further tensions between Washington and Beijing, and ample liquidity from widespread central bank stimulus measures are driving prices, she added.

The US has given China until Friday to close its consulate in Houston, Texas, following allegations of spying. Supporting bullion further, the dollar index touched a more-than four-month low.

'Decline will be quite dramatic'
Expectations of another round of US stimulus measures also helped gold, since it is considered a hedge against inflation and currency debasement.

Indicative of investor sentiment, holdings in SPDR Gold Trust — the world’s largest gold-backed exchange-traded fund — rose 0.4% to 1,225.01 tonnes on Wednesday, the highest since March 2013.

“Gold could overshoot much higher to the upside but the subsequent decline will be quite dramatic as well ... As more economies reopen and return to normal activity, the economic data improves then there will not be much need to pile up in gold,” Xiao said.

Elsewhere, silver fell 1.4% to $22.70 per ounce after rallying to a nearly seven-year high, spurred by hopes for a revival in industrial activity. Palladium declined 1.1% to $2,124.65 per ounce, while platinum fell 1.7% to $906.08.

Market tightness in the second half of 2020, supported by monetary and fiscal stimulus measures, should support palladium prices over the next 12 months, UBS said in a note, adding it expected the auto catalyst metal to reach $2,500 an ounce by mid-2021.

Today market trend is :sell

This pair is in a directionless consolidation, we can see that the price is gravitating heavily to the downside. It has repeatedly found support at the yet after every bounce it tends to return to this area, creating a pronounced bearish bias.so i recomand for sell today all support and resistence showing this trend

Forex forum is the good forum in the world. It provide us facility to earn good profit by trading on it.
I have also use this forum for invest money and make trading to earn good profit.
I have used to indicators RSI and Zigzag for signal of trading then I have made trading and earn good profit.
Note:Always Follow the making experienced with others having great knowledge about trading.

Today market trend is: ßearish ßuy

Market ki moving average aur indicators ko dekh kar market ke ßuy ke chance zyada hain

Resistance points and Support points bhi strong ßuy ke signal de rahe hain

Hamain apne ap par confidence rakh kar trading karni chahiye aur forex trading ke mutaliq knowledge and experience hasil karna chahiye

Agar ap forex trading main successful trader ban'na chahte hain to hardworking karen aur knowledge and experience hasil karen

Successful investors need to pass rapid, however they do not need to anticipate fast. Why? Because they have got superior a buying and selling approach earlier, on the aspect of the location to stick to that method. It is critical to comply with your approach carefully in preference to try and chase income. Don't allow your feelings get the first-class of you and abandon your method. There's a mantra among day customers: "Plan your change and exchange your plan."
looking for and selling takes some of workout and know-how, and there are numerous factors that can make the technique hard. The danger/reward ratio lets in clients manipulate their risk of dropping cash on trades. Even if a provider has some worthwhile trades, he's going to lose coins over time if his win fee is under 50%. The threat/praise ratio measures the difference among a trade get entry to issue to a save you-loss and a promote or take-income order. Comparing those offers the ratio of earnings to loss, or praise to risk.

Today market analysis
You will earn more money if you will follow my views,because I have posted this after checking the previous routine oaf daily time frame of H1,H4 clearly. some traders use fundamental analysis, other use indicators or supports and residences , believe on your own strategy.
This is very risky investment. According to my limited knowledge the investors should wait and see the every aspects of the market. The investor checks the actual worth of the stock in the market.

Today market trend is buy.
Technical indicators sy b pta chalta hy k market buy ki position me hy.
Resistence or suport point up ja ry hen jin sy pta chlta hy k market buy k haq me hy.
Hamy market k trend ko dekhty huwy trade lgani chahye. agr market ko smjy bgair trade kren gy to is sy los hony k chance zyada hen.
Agr achi earning krni hy to us k liye apka market k indicators ko smjna bohat zruri hy.
So good luck and keep it up..

dear users friends forex forum is the best forum in the world
Today market analyses trend by the buy the gold nd aur/USD and gain good and huge profit .
dear friends I always use
Rsi
and
zigzg indicater and make profit use stop loss and take profit and gain good profit .

Forex forum is the good forum in the world. It provide us facility to earn good profit by trading on it.
I have also use this forum for invest money and make trading to earn good profit.
I have used to indicators RSI and Zigzag for signal of trading then I have made trading and earn good profit.
Note:Always Follow the making experienced with others having great knowledge about trading.