Gold ka 1 bahut strong resistance lagta hai 1550 pe...waise to is point kop todna thoda mushkil hai lekin agar gold iske upar nikal gaya to fir iska down trend itnio easily nahi aayega..
So for gold i would recommend you guys to wait and watch
Gold ka 1 bahut strong resistance lagta hai 1550 pe...waise to is point kop todna thoda mushkil hai lekin agar gold iske upar nikal gaya to fir iska down trend itnio easily nahi aayega..
So for gold i would recommend you guys to wait and watch
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Hassinali (2020-02-05)
I 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 trade.
money management is very effective for getting profits
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Market trand sell.
pair sell ka ban gya hai market kafi up hoii hai and ab
down ki traf movement kar rahi hai so main ye suggest karun ga k humain
trade sell ki laga deni chahie ye humary lie kafi faidy mand sabit ho sakti
hai or last 8 hrs ka chart dekha jaye to saaf pata chalta hai
market up ho k ab down ki traf movement kar rahi hai Good Luck.
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Gold price attempts to recover
Gold price ended yesterday at 1554.10 level, and begins today with bullish bias that hints the price head to cover the previous sessoins’ losses, supported by the positive signal provided by stochastic, making the bullish trend suggested for today, waiting to test 1575.90 level initially.
Note that breaching the targeted level will push the price to head towards 1611.20 as a next positive station, noting that breaking 1554.10 will press on the price to visit the next correctional level at 1536.50 direct.
The expected trading range for today is between 1550.00 support and 1580.00 resistance.
The expected trend for today: Bullish
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IPL (2020-02-05)
PRICE
GOLD
COMMODITY
1,553.32 USD 3.87 (0.25%) 10:03:33 AM EST MI Indication*
INTRADAY 1W 1M 3M 6M YTD 1Y 3Y 5Y 10Y MAX
5/26/2019
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Gold
Market trend Bearish
Supporting 1571.50
Supporting 1566.23
Supporting 1557.65
Resistance 1588.89
Resistance 1594.19
Resistance 1602.73
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is incorporating a potential reversal at this moment. Wait for a retest at the first level of resistance to receive the best potential entry.
An ABC Zigzag to hit the daily fibonacci fan trend line.
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The daily chart shows that the 20 SMA crosses the 55 SMA, a bullish signal. The positive tone around the euro will remain intact as it holds above 1.1340, the 200-day SMA meeting and horizontal resistance. Below that level, correction can increase, but must find support above 1.1300
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The daily chart shows that the 20 SMA crosses the 55 SMA, a bullish signal. The positive tone around the euro will remain intact as it holds above 1.1340, the 200-day SMA meeting and horizontal resistance. Below that level, correction can increase, but must find support above 1.1300
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Gold
With a huge intraday turnaround the gold bull run is being massively retraced now. Having spiked early yesterday up to $1610, gold retreated over -$50 into the close, but is seemingly not stopping there either. This has left a big shooting star candlestick. Coming at the end of a huge run higher, the corrective potency of this candle will now be a big concern for the bulls. For a couple of days now we have been wary of exhaustion signals that could usher in a correction in gold. We now have then in full view. The gap at $1553 has been filled (but not closed yet) but as we move into the European session today the selling pressure is resuming. This is driving sharp signals on RSI (below 70 is a basic sell signal) and a bear cross on Stochastics. A closing below $1553 today would mean the next corrective targets come in at $1536 and $1518. The bulls need a response and the hourly chart shows resistance now $1553/$1561.
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