Gold has touched and has been rejected by the 1759.04 support level. But the rejection is not too strong. I think Gold will test that support level again today and if Gold can break this support, Gold may falls to the next support level at 1740.05
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Gold has touched and has been rejected by the 1759.04 support level. But the rejection is not too strong. I think Gold will test that support level again today and if Gold can break this support, Gold may falls to the next support level at 1740.05
The point of concern is around 1755.00's. Breakout at the zone level demand that has been tested many times this can be a strong signal of the sharp decline in gold next week.
Price raised $5 after market open and formed another bullish candle on daily chart, if its able to break the 1551 then we see some quick rally toward all time high, Hold on buy order till all time high.i would recommend you guys to wait and watch. after that you can see what shows the indicator
Gold moves back up after the past two days has decreased. the current price is still not too far away from the daily pivot point (1750.87). Most likely the price will return to perform strongly peaked yesterday.
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GOLD (Spot) intraday: the bias remains bullish.Our Preference: LONG positions above 1765 with 1787 & 1800 in sight.Alternative scenario:The downside breakout of 1765 will open the way to 1752 & 1736.
Gold is currently testing the upper limit of its medium term bearish channel at 1.782 and showed a decrease. Maybe this level will reach the upper end of the channel is 1.797.
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Good information on Gold trading. Hoping to be able to use some of the trading plan posted here. I do not have any trading strategy for GOLD yet. This beast is completely different compare to EURUSD. But I've seen people make tons of money faster than in currency from GOLD. Hope to be one of them.
Gold managed to close above 1770 on friday backed by very good rally from 1735 level, this is good for bulls and now gold look having a clear target of 1800, breaking that level on daily basis may open the doors for further higher levels. Good supports are set at 1775, 1755 and 1735 levels.