Gold

[Hassinali]

Sponsored by
FXStreetLATEST NEWS >>

NEWS
Gold Price Analysis: XAU/USD bulls stay hopeful above $1,800 despite Wednesday’s spinning top
July 15, 2020 10:05 GMT | By Anil Panchal
Gold Price Analysis: XAU/USD bulls stay hopeful above $1,800 despite Wednesday’s spinning top
Gold prices recede from $1,813.40 after a three-day winning streak.
Spinning top suggests traders’ indecision, can be clubbed with recent sluggish moves.
Sustained trading beyond 10-day EMA, the monthly support line portrays bullion’s strength.
The month-start top adds to the downside barrier, multiple resistances stand tall to guard further advances past-$1,800.
Gold prices ease from one week high to $1,810 amid early Thursday morning in Asia. The bullion marked consecutive third positive daily closing the previous day. However, sluggish moves portray a “Spinning Top” candlestick formation suggesting traders’ indecision. The pattern joins the quote’s recent failures to refresh monthly high in suggesting the underlying weakness of the bullish momentum.

As a result, the bears could seek fresh entries targeting $1,800-$1,798 support area comprising 10-day EMA and an upward sloping trend line from June 15. However, any further weakness by the yellow metal will divert the bears towards July 01 top near $1,789.

It should also be noted that the Gold price weakness past-$1,789 might not refrain from attacking the early-June peaks near $1,745.

On the contrary, the monthly top, also the multi-year high, around $1,818 acts as an immediate resistance, a break of which could escalate the bullion’s north-run towards August 30, 2011 peak surrounding $1,840.

Additionally, the precious metal’s ability to stay strong beyond $1,840 enables it to aim for the record high of $1,921 flashed during September 2011.

[Hafizajmal]

XAU/USD Technical analysis caught a fresh bid wave and hits a highest level 1815.10 & in these days . The bulls also clear the stiff horizontal barrier placed at 1813 & .Further the north round figure of 1820 $ will b caught.On an hourly closing strong support is still present at 1805 $ .

[MustafaSaeed]

Dear i.forex members
Hope u r fine
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

Plz clik thanks

[Shan55]

Resistance and Support points are depend on market news

So before trading see indicators and then take a decision for trading

Always keep patience and get a huge profit in your trading

Come in forex trading and become a ßillionaire

[Babarali123]

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

[Sameer10]

Washington received his initial military training and command with the Virginia Regiment during the French and Indian War. He was later elected to the Virginia House of Burgesses and was named a delegate to the Continental Congress, where he was appointed Commanding General of the Continental Army. He commanded American forces, allied with France, in the defeat and surrender of the British during the Siege of Yorktown. He resigned his commission after the Treaty of Paris in 1783.

[Sameer10]

Washington (disambiguation).
George Washington (February 22, 1732 (N.S.)[b] – December 14, 1799) was an American political leader, military general, statesman, and founding father who served as the first president of the United States from 1789 to 1797. Previously, he led Patriot forces to victory in the nation's War for Independence. He presided at the Constitutional Convention of 1787, which established the U.S. Constitution and a federal government. Washington has been called the "Father of His Country" for his manifold

[Sameer10]

The aim of his research was to show how fluctuations in the currency market influenced each nation's prices, and he became a member of the Royal Economic Society in order to follow lectures by Keynes and others. Keynes was an eager proponent of economists investing in the market, in order to "live as one learned", and young Næss followed this.

[Sameer10]

Næss however did not have the financial resources to study, so he had to work; after a short stint at Midland Bank he changed over to C. J. Hambro & Son. He started out as a typist, writing letters to Scandinavian customers, but after a year he was made assistant in the new currency department. In the evenings he continued his studies in economics, and was greatly influenced by John Maynard Keynes.

[Sameer10]

Erling Dekke Næss was born in Bergen, Norway and was son of Ragnar Næss, a businessman and banker. He had two brothers, the younger being the well-known philosopher Arne Næss. The family moved to Kristiania in 1911 were his father died in 1913. The family seems to have been well off, although in no way affluent. Næss studied economy at the Royal Frederick University and earned a B.S. in 1920, achieved mostly by studying on his own. He contemplated continued studies and travelled to Britain to finish a Ph.D. at the London School of Economics