Thread: Gold
Gold fell 2.46% against the greenback this week as global equity markets rallied on optimism that European officials will be able to avert a Greek default. Sentiment remains fragile however as increased volatility in financial markets and uncertainties about future growth prospects persist
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.
My Analysis
GOLD
Market Trend
Bullish
PIVOT 1280.52
R 1 1286.14
R 2 1294.65
R 3 1308.79
S 1 1272.01
S 2 1266.39
S 3 1252.26
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.
Price of Gold Fundamental Weekly Forecast – Powell, Fed Minutes Will Drive Dollar, Ultimately Gold DirectionLast week’s price action strongly indicates the U.S. Dollar is the biggest influence on the direction of gold prices. Gold prices could continue to get crushed if demand for the greenback rises from a combination of safe-haven demand and a strengthening U.S. economy.
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.
XAUUSD could not make the characteristic huge move against the USD yesterday. . . but we're still within major strong bullish bias, however, there is a scenario on H4, the metal is trapped between 1802 and 1782
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.
Today Analysis GOLD
Market Trend BEARISH
Pivot Point 1280.28
S 1 1271.77
S 2 1266.15
S 3 1257.63
R 1 1285.91
R 2 1294.43
R 3 1300.05
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 Analysis today
Market short term
Buying
PIVOT POINT 1276.40
S1 ) 1274.10
S2 ) 1267.50
S3 ) 1264.53
R1 ) 1280.44
R2 ) 1286.32
R3 ) 1291.60
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
Todays my technical analysis of gold.
Trend is : sell
Resistance and supporting level
Resistance level
1 Resistance is: 1282
2 Resistance is: 1285
3 Resistance is: 1287
Supporting level
1 Supporting is: 1269
2 Supporting is: 1264
3 Supporting is: 1262
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.
148 (2019-07-10), attarehman05 (2019-05-20), Moon22 (2019-05-20), omergul (2019-05-20), PAK (2019-05-20), QamarXulqi (2019-05-20), zainm6050 (2019-05-24)
Gold is bearish
Resistance 1278.11
Resistance 1282.32
Resistance 1286.65
Support 1271.43
Support 1268.67
Support 1263.15
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.
attarehman05 (2019-05-20), Moon22 (2019-05-20), omergul (2019-05-20), QamarXulqi (2019-05-20), zainm6050 (2019-05-24)
Commodity Pair: Gold
Hour 4 Trend is: Bullish
Pivot Point is: 1277.55
Support 1: 1274
Support 2: 1270
Support 3: 1268
Resistance 1; 1278
Resistance 2: 1280
Resistance 3: 1283
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.
attarehman05 (2019-05-20), Moon22 (2019-05-20), omergul (2019-05-20), QamarXulqi (2019-05-20), WardatulJannah (2019-05-20), zainm6050 (2019-05-24)
Gold needs to remain above this level.
After temporarily breaking back up through the $1300 mark at the beginning of last week, gold has now racked up 5 straight days of losses as investors exit the precious metal as safe haven in favor of the US dollar which has been powering ahead on the back of trade tensions between the US and China as well as a continuous flow of data coming out of the US.
“The safe-haven demand of the U.S. dollar is taking some of the gloss off gold’s safety,” said Michael McCarthy, chief market strategist, CMC Markets.
“It is a tough time all around for gold with the break below $1,290 also pressuring it. In the absence of safe-haven demand I would expect to see ongoing modest pressure on gold prices.” He added.
Gold is trading today at around $1270 an ounce and is pushing down towards a critical support level of between $126050 and $1260 an ounce and if this price fails to hold, we may be in for further losses.
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.
attarehman05 (2019-05-20), Mariya31 (2019-05-20), Moon22 (2019-05-20), omergul (2019-05-20), QamarXulqi (2019-05-20), Unregistered (2), zainm6050 (2019-05-24)
There are currently users online. members and guests
Threads:
Posts:
Member:
Thanks
Subscribe
Currently Active Users
