Current trend jo hai woh upward trend pe hai aur jab target hai 1554 agar price niche ki aur gaya toh lowest point hai iska 1536, breaking the trend turn to the downside targeting 1531 then 1525
Current trend jo hai woh upward trend pe hai aur jab target hai 1554 agar price niche ki aur gaya toh lowest point hai iska 1536, breaking the trend turn to the downside targeting 1531 then 1525
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Gold: The futures of Gold fell today after the data from China were in line with the forecasts thus confirmed the increase in Chinese economic growth. The issue might ease the pressure on the government to announce new measures for stimulating the economy. The November futures of gold dropped to $1737.80 dollars per troy ounce on COMEX today.
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XAUUSD was strongly bearish yesterday, broke below 1757 support which is also the actual neckline of the daily double top. The bias is bearish targeting 1663 area barring minor stoppages. On H4 price still has some support (thick yellow line), but I think that after minor consolidation there it would give way on the downside.
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For short term trader in gold there is a good technical today because if we look the chart in the picture above, gold go to up after touched monthly support level 2 yesterday in american session.
In asian market today ma 16 had crossed up ma 96 .It can indicate that the price will go up, below trend analysis today with ma system:
ma 16 as short term trend indicator= up
ma 96 as medium term trend indicator= sideways
ma 480 as long term trend indicator = down
So the trend is up weak short term
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According to our previous report yesterday and last week, gold declined reaching the level of 1552.00, which represents the main target of the symmetrical triangle and also 88.6% Fibonacci correction as shown above. According to Fibonacci tools, which measure the possible extension of the downside movement, we find that the levels of 1536.00 and 1498.00 are the potential zones. A breach of 1552.00 might support gold to reach these areas through extending the downside movement during the session today , based on stability below 1579.00.
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we can notice from the chart that the pair has closed it's daily candle under 0.8200 , that's mean the down trend is expected and the pair might head to 0.8130 then 0.8100 , however the pair made a hourly correction
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Today analysis for the pair of :Gold
--- Trading opinion for the best profitable trade: Open buy ---
I recommend this trading trend for all my friends because I made this recommendation after the great experience of trading and analysis of fundamental approaches. Best of luck
Resistance level of this pair is:
1# Resistance is: 1283.2
2# Resistance is: 1285.1
3# Resistance is: 1288.1
Supporting level of this pair is :
1# Supporting is: 1277.1
2# Supporting is: 1275.3
3# Supporting is: 1272.2
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In asian market today ma 16 had crossed up ma 96 .It can indicate that the price will go up, below trend analysis today with ma system:
ma 16 as short term trend indicator= up
ma 96 as medium term trend indicator= sideways
ma 480 as long term trend indicator = down
So the trend is up weak short term
I predict the price will go up again until weekly support 2 area 16
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Gbp/Chf
Resistance and Supporting level today,s
Today Trend is:bullish
Resistance level today,s is
First Resistance is:1.3078
Second Resistance is: 1.3089
Third Resistance is: 1.3101
Supporting levels today,s is
First Support is: 1.3042
Second Support is:1.3031
Third Support is:1.3019
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Gold गोल्ड ने आखिरकार उससे क्या उम्मीद की और 1295.00 की सफलता हासिल की, आज के लिए विकास बहुत बड़ा हो गया, सोना एक बार में $ 20 से अधिक वृद्धि करने में कामयाब रहा, यह बहुत मजबूत वृद्धि है, लेकिन इस तरह के विकास का कारण कमजोरी है डॉलर। निकट भविष्य में, सोना 1305.00 के प्रतिरोध स्तर का परीक्षण करेगा, और फिर 1320.00 परीक्षण के लिए जाएगा। कटौती अब 1295.00 तक सीमित होगी।
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