Gold :
The trading rang for today is among the major support @ 1498 and the key of resistance @ 1511.
The general over short term basis is to the upside targeting 1511 as far as area of 1520 .
Gold :
The trading rang for today is among the major support @ 1498 and the key of resistance @ 1511.
The general over short term basis is to the upside targeting 1511 as far as area of 1520 .
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.
jellybelly2017 (2019-01-29), SA153P (2019-01-30), SDK (2019-01-29)
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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jellybelly2017 (2019-01-29), SA153P (2019-01-30), SDK (2019-01-29)
gold today prediction strategy
Strong in buy
Stop loss : 1298.22 and 1290.77
Take profit. : 1308.00 and 1314.22
Support level : 1280 and 1270
Resistance level : 1330 and 1344
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Gold price approached 1800 again as the US dollar weakened. Disappointments from Merkel and Sakorzy's meeting also drove demand for safe-haven higher
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Gold if offering upside reversal signs and that is normal with the completion of the Deep Harmonic Pattern, where its CD leg was an IM wave. We believe that there is a good chance for the upside move to resume to test 23.6% correction of CD leg at 1561.00 then move to the first target of the harmonic patter at 38.2% correction at 1582.00. Breaching areas of 1510.00 weakens the positive expectations, while a breach of 1498.00 negates it.
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we can notice from the chart that the Gold has closed it's daily candle under 1670.00 , that's mean the down trend is expected and the pair might head to 1650.00 then 1640.00 , however the pair made a hourly correction
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alwah (2019-01-29), jellybelly2017 (2019-01-29), PAK (2019-01-29), SA153P (2019-01-29), Sarfrazsagar (2019-05-30), SDK (2019-01-29), Shakir (2019-04-11)
Decrease in gold in the lower border of the flat mark. 1303 I believe in the form of a soft, recession phase, with the restoration of main, fasting trend. Thus, on testing of level 1304.00 it will be clear whether the bears will be ready to continue to improve or at this stage we will get the rest of the main trend.
Monday Trading Plan
1. I stop an exchange at 1302.00 and further I see the behavior of gold in this area.
2. A breakdown with a fixation under 1296.00, is a condition to resume the shorts and already looks a long time for an entry point on 200 mA to 4 clock clock.
3. Rebound from 1302.00, - Long with a small stop.
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alwah (2019-01-29), jellybelly2017 (2019-01-29), SA153P (2019-01-30), Sarfrazsagar (2019-05-30), SDK (2019-01-29), Shakir (2019-04-11)
Gold price fluctuates around 1300 level since morning and it needs to get enough positive momentum to push the price to continue the expected bullish trend for today which depends on the price stability above 1286, reminding that next target is located near 1316. Expected trading range for gold between 1290 support and 1316 resistance. expected trend for gold is bullish.
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.
alwah (2019-01-29), jellybelly2017 (2019-01-29), SA153P (2019-01-30), Sarfrazsagar (2019-05-30), SDK (2019-01-29), Shakir (2019-04-11)
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
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Gold/ 1302.34
Resistance level 1/ 1303.24
Resistance level 2/ 1304.68
Resistance level 3/ 1305.65
Support level 1/ 1301.47
Support level 2/ 1300.14
Support level 3/ 1298.44
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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