Gold

[jam11]

Gold chart by TradingView
Gold has been considered a highly
valuable commodity for millennia and the
gold price is widely followed in financial
markets around the world. Most commonly
quoted in US Dollars (XAU/USD), gold
price tends to increase as stocks and
bonds decline. The metal holds its value
well, making it a reliable safe-haven.

[waqasa]

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.

[Irfan7]

SYDNEY (Reuters) - Asian shares slid on Monday and oil prices took another tumble as fears mounted that the global shutdown for the coronavirus could last for months, doing untold harm to economies.

“We continue to mark down 1H20 global GDP forecasts as our assessment of both the global pandemic’s reach and the damage related to necessary containment policies has increased,” said JPMorgan economist Bruce Kasman.

They now predict global GDP could fall at a 10.5% annualized rate in the first half of the year.

There was much uncertainty about whether funds would have to buy or sell for month and quarter end to meet their benchmarks, many of which would have been thrown out of whack by the wild market swings seen over March.

[Alikhan]

my dear sir today of my tachnical analysis is bullish trend seems to be taking place on the
GOLD
pair and that according to the green color shown by the Bollinger Bands indicator determining by that the main market direction A buy signal is indicated from the Simple Moving Average indicator and that is by giving us buy signal t his pair can continue bullish trend now current price at and strong support at level in hourly time frame there is possible chance price will move to up side then next high price is

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[Sami]

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.

[shamim123]

GOLD> Bearish

PIVOT POINT > 1623.79

S1 > 1616.89

S2 > 1612.63

S3 > 1605.73

R1 > 1630.69

R2 > 1634.95

R3 > 1641.85

[zahid2016]

After reading several articles on the current Forex market situation, among several well known Forex web sites, you will discover that the market today is a great place to sell because we have not yet sufficiently tested the lows. You will also find that the market today is a great place to buy because the lows have held and are showing great support in this range.

[Aleena]

Long term movement pivot, Resistance and support levels are as follows for today date.
Current market price is at - 1625.10
This currency name - Gold
Resistance and Target - 1633.40
Support and Stop Loss - 1616.80
Always follow Long time frame market trend.
Signal is Sell.

[Experttrader]

Today market trend ....Buy

market is goes to the Buyer setup because

it,s more time in the seller and now time to

Buying it is touch the lower levels

analysis

RSI .......BULLISH

MOVING AVERAGES ......... BULLISH

INDICATORS ........... BULLISH

BOLLINGER BANDS ............. BULLISH

PARABOLIC Sar ..........BULLISH

[zisahbi]

Corona renewed confidence in gold
Gold returns to the top after a sharp fall and then fluctuated to prove again that it is a safe haven despite many attempts to revive the global economy from recession and protect international stock exchanges from collapse. Gold is the main financial market engine when fear sits in the hearts of investors as a decoration and treasury for thousands of years.

The stability of the ounce at 1627 levels is an indication of the bull's appetite, which it intends once again to touch the 1700 USD barrier, the reasons for the rise are many, the most important of which are:

Put more than five US states under complete quarantine, most notably New York State.

Corona's outbreak in America, which puts it at the forefront of the affected countries against China, where it is expected to be classified as a affected country in the event of continuing infections.

- The death toll in Europe, especially Italy, after the collapse of the medical staff.

- A sharp drop in the barrel of oil, which was unable to hold above the levels of US $ 25.

And many, many reasons ....

Technically: On the four-hour time frame, we see gold return to its bullish track again, according to Dow Theory, but we may see a decline in the precious metal up to 1600 levels after the commitment of the 20 countries to support the global economy with five trillion US dollars.

We are currently targeting only speculative buying operations and avoiding selling operations because of the risks they carry in light of the increasing spread of Corona, the best levels of purchase:

1588 (Medium Term Investment Deal for risk lovers)

- 1600

The first goal is 1627

The second goal 1650

The third goal 1688

The fourth goal 1700

Here it must be noted that the gold price difference is very high during this period, so note that during trading you take advantage of the available opportunities.