DJIA on rally last nite.. gold were joint comm ccy to upside move.. as us index moving avergence with gold .. it was a noise signal...nothing much to predict
Thread: Gold
DJIA on rally last nite.. gold were joint comm ccy to upside move.. as us index moving avergence with gold .. it was a noise signal...nothing much to predict
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today,Initial support at 1518 (May 27 low) followed by 1504 (May 23 low). Initial resistance is now at 1550 (June 1 high) followed by 1577 (All time high).
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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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XAUUSD on my look also on still probably more bearish - I can say this - it's because the yesterday candle look double top - so yes, on today movement, I see the nice probably more bearish here till max. to near that 1530.xx, I see. And make Sell OP here = yes nice idea with SL apply above the price 1580.xx till 1585.xx, I see.
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Gold futures were likely to find support at USD1,739.35 a troy ounce, the low from September 26 and resistance at USD1,781.55, the high from October 8.
Market players remained cautious amid ongoing uncertainty over Spain�s position on requesting external financial aid from its euro zone partners following a down****e by ratings agency Standard & Poor�s.
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Initial support at 1490 (Jun 27 low) followed by 1485 (76.4% retrace of 1462.45-1558.25). Initial resistance is now at 1526 (June 24 high) followed by 1523 (Jun 23 high).
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Moon22 (2019-05-12)
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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Today's market technical analysis for gold
price 1285.55
market trend is going bearish
market have good trading position for the sell traders
market resistance and support levels could as
1-Resistance level = 1290.00
2-Resistance level = 1295.44
3-Resistance level = 1299.12
1-Support level = 1280.20
2-Support level = 1274.30
3-Support level = 1270.80
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The week of gold closed - 1285.70. The key level for the pair for the next week will be the daily resistance level - 1289.00. If the price succeeds in fixing above it - we will have new northern targets - 1290.20 - 1291.50 - 1294.30. the path to - 1300.00. If it consolidates above - 1289.00 - fails - a strong support zone test - 1280.00 - 1282.00 will be possible. And further movement will depend on the test results of this zone
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mery khayal say sub say behtar pair gold ka hay hum hum sub ko gold pay trade kanry chahi hay or ye gold pay trade karny say market zayada say up down jata hy q kay q kay gold pay har kisy member ko trade karny kay zarorat hay..
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.
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