I think gold will keep going up, maybe due many trader or investor choose gold as their safe heaven at the moment. the pair that been choosen so far is Swiss Franc. I can seen only the Swiss Franc go up against USD or against Ye
Thread: Gold
I think gold will keep going up, maybe due many trader or investor choose gold as their safe heaven at the moment. the pair that been choosen so far is Swiss Franc. I can seen only the Swiss Franc go up against USD or against Ye
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Gold price shows positive trading to head towards testing
the broken support that turns into resistance at ,
as long as the price is below this level, so our bearish trend expectations 98% will remain active for today,
supported by the negative pressure 28.00% that comes from the EMA50,
reminding you that our next main target is located at sell
The expected trading range for today is between support and resistance.
The expected trend for today: Bearish
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GOLD Trend is sell
1 Resistance :1535.38
2 Resistance :1521.13
3 Resistance :1506.24
1 Supporting :1495.17
2 Supporting :1434.29
3 Supporting :1400.31
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Pivotal Points: 1513.968
Resistance 3: 1562.104
Resistance 2: 1548.570
Resistance 1: 1527.502
Support 1: 1492.148
Support 2: 1479.366
Support 3: 1458.298
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Economic growth will be the theme in the financial markets this week. Japan and the UK will announce data on economic growth in the second quarter of 2019, which could be a sentiment driving the market.
Then on August 9 local time, the Office for National Statistics (ONS) will announce the preliminary reading of UK economic growth for the second quarter of 2019. Market consensus from Trading Economics estimates that John Bull's economy grew 1.4% YoY. Slowed slightly compared to the previous quarter by 1.8%.
The slowdown in the UK economy has been seen from the Purchasing Manager's Index (PMI) data. In July, the IHS Markit / CIPS UK manufacturing PMI was at 48, the lowest in the past 6.5 years. "In July, we saw the manufacturing sector 'suffocated' because of the global economic slowdown.
Plus there is political uncertainty, "said Rob Dobson, Economist of IHS Markit, in a written statement. In addition to economic growth, investors should also look at the release of Chinese trade data on August 8.
In July, exports of the Bamboo Curtain country were estimated to contract 2.2% YoY, 7.6% YoY imports, and a trade balance surplus of US $ 37.49 billion, citing the consensus of Trading Economics. This data is important because it can determine the direction of US-China trade negotiations.
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jellybelly2017 (2019-09-26)
GOLD (Derived Data)
1509.30
USD
+5.47 (+0.36%)
MARKET OPEN (SEP 26 04:55 UTC)
1503.83
PREV
1503.85
OPEN
0
VOLUME
1503.13 — 1510.21
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jellybelly2017 (2019-09-26)
today this currency pair on date 26sep19.
i 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.
time frame that is considered while making support and resistance levels – Daily and Weekly time frame,
consider the daily economic news before taking the trade.
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Muhammadasif11 (2019-09-26)
pair hai : Gold
Current price: 1513.60
pivot point yeah hai:1527.85
Parabolic ke hisb se:sell
Moving average ke hisab sell
aur Resistance and Supporting Level es pair ke hain,,,,
es ka Resistance Level hain:
1,Resistance hai:1525.30
2,Resistance hai:1535.45
3,Resistance hai:1545.60
aur Supporting Level hain:
1,Supporting hai:1505.40
2,Supporting hai:1490.20
3,Supporting hai:1480.05
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jellybelly2017 (2019-09-26), Obama (2019-09-26), Zeeshani (2019-09-26)
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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Zeeshani (2019-09-26)
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.
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Muhammadasif11 (2019-09-26), Zeeshani (2019-09-26)
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