Gold

[Shahnawaz148]

TORONTO/OTTAWA (Reuters) - The Bank of Canada slashed its key overnight interest by 50 basis points for the third time this month on Friday in an effort to support the financial system and the country's economy amid the coronavirus pandemic.

The central bank unexpectedly cut its overnight interest rate to 0.25% from 0.75%, the lowest in more than a decade, after taking the same step on March 13 and March 4 and said it stood ready to take further action as required in order to support the economy and keep inflation on target.

"The spread of COVID-19 is having serious consequences for Canadians and for the economy, as is the abrupt decline in world oil prices," the Bank said in a statement.

[Hafiz Saab]

Today market trend: Bullish

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

[Furqan1212]

now aaj sell dena behtar he. kuch dinke up trend hone ke baad fall hona nischit he.
so sell at 1623.29
tp 1614.30
sl as u wish

[snake]

Forex Forecast with price level
Gold - pair in focus.
Current Price - 1622.13
main support level - 1608.86
main resistance level - 1636.46
Pair likely to be in Sell today.

[Shahzad apl]

Gold
Resistance Level (R3): 1726.300
Resistance Level (R2): 1697.400
Resistance Level (R1): 1673.000
Pivot Point: 1644.100
Support Level (S1): 1619.700
Support Level (S2): 1590.800
Support Level (S3): 1566.400

Good luck

[Hafizajmal]

Today market technical analysis trend buy
According to some best indicator like
Bollinger band
RSI
Zigzag
Market is going to up position if you like and gain good profit open buy order and gain good and huge profit I thing keep in mind use money manage and always use stop loss and take profit. If u lost in there plz try again and take good profit.

[148]

Everyone made his stretigy by its own opinions.
Some peoples used fundamental approaches, some
people used moving averages and other then used
supports and residences , who help him to make
his stretigy .

Today i discuss about the pair of ---GOLD

My recommendation about this pair is --buy.

After the analysis of residence and supports and its previous movements.

Pivot point 669.42

Resistance 1673.38
Resistance 1678.25
Resistance 1682.17

Supporting 1664.55
Supporting 1660.67
Supporting 1655.75

[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.

[UET]

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.

[Irfan7]

News) Another bullish gold price update comes from TD Securities, which is now projecting a move to $1,800 an ounce and then a jump to $2,000 near year-end.

Gold prices rallied along with risk assets this week. At one point, gold even neared $1,700 an ounce. At the time of writing, April Comex gold futures were trading at $1,636.40, up 0.18% on the day.

There are many drivers supporting gold at the moment and once the COVID-19 outbreak peaks, constructive price conditions will remain, said TD Securities head of global strategy Bart Melek said on Thursday.

“Normalizing liquidity conditions, negative real rates, low cost of carry and concerns surrounding fiat currency debasement, not unlike those present during the post-GFC period, likely mean gold price could move toward $1,800/oz in the not too distant future,” he wrote. “A move toward $2,000 is also a distinct possibility into 2021, as the global economy normalizes, monetary contentions remain loose while fiscal deficits surge.”