gold is bearish now
Resistance and Supporting level is:
Resistance 1:1275.21
Resistance 2:1277.82
Resistance 3:1280.12
Supporting 1:1269.33
Supporting 2:1267.24
Supporting 3:1264.37
Thread: Gold
gold is bearish now
Resistance and Supporting level is:
Resistance 1:1275.21
Resistance 2:1277.82
Resistance 3:1280.12
Supporting 1:1269.33
Supporting 2:1267.24
Supporting 3:1264.37
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148 (2018-12-28), ah15 (2018-12-27), FA148P (2018-12-26), FM1881 (2018-12-26), FM2127 (2018-12-26), isha (2018-12-26), muhammadbwn (2018-12-26), PAK786 (2018-12-26), SA148P (2018-12-28), ShahzaibQais (2019-01-09)
The precious metal's corrective slide on Friday, from near six month tops, stalled ahead of an important confluence resistance break-point now turned support. The mentioned support comprises of the very important 200-day SMA and 61.8% Fibonacci retracement level of the $1309.30-$1160.19 mid-June to mid-August downfall.
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148 (2018-12-28), ah15 (2018-12-27), alishba.mkt (2019-01-02), amjid.8248646 (2019-01-02), FA148P (2018-12-26), FM1881 (2018-12-26), FM2127 (2018-12-26), gale (2018-12-27), hafiz.bilal8776 (2019-01-02), imran.forex.6257 (2019-01-02), isha (2018-12-26), MotuPatlu (2018-12-27), PAK786 (2018-12-26), SA148P (2018-12-28), sadiq.86 (2018-12-29), ShahzaibQais (2019-01-09)
The XAU/USD shows a mild rejection off the near term support 1309.96. It also shows an inside bar formation right on top of the support. If the high of the mother bar breaks there's a possibility that the price might go up further. The same as the low.
Current Important Levels : 1309.96
GOLD for today's analysis by using a simple moving average on the 1 hour time frame
SIMPLE Moving average 5 1317.816000 BUY
SIMPLE Moving average 10 1317.126000 BUY
SIMPLE Moving average 20 1314.776000 BUY
SIMPLE Moving average 50 1314.437800 BUY
SIMPLE Moving average 100 1316.889700 BUY
overall trend buy
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--Today's technical Overview,
From last two week Gold market is going up and up and has Bullish trend of Strong buy trade.
Current rate is 1272.1
--Trade Signal is "Strong BUY" to the point 1276
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148 (2018-12-28), ba33 (2018-12-26), FA148P (2018-12-26), FM1881 (2018-12-26), FM2127 (2018-12-26), isha (2018-12-26), PAK786 (2018-12-26), SA148P (2018-12-28), sajidhabib (2018-12-27), ShahzaibQais (2019-01-09)
GOLD market technical analysis
- the market have current price 1272
- market have bullish trend and in buy position
- market resistance and support levels
R1 1275
R2 1278
R3 1281
Support levels
S1 1268
S2 1264
S3 1260
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148 (2018-12-28), Anees786 (2018-12-27), ba33 (2018-12-26), FA148P (2018-12-26), FM1881 (2018-12-26), FM2127 (2018-12-26), isha (2018-12-26), JameelUrRehman (2018-12-26), PAK786 (2018-12-26), SA148P (2018-12-28), sarfraz786 (2018-12-30), ShahzaibQais (2019-01-09)
Gold today's technical analysis is Bearish
1. Resistance Level:1276
2. Resistance Level:1278
3. Resistance Level: 1281
1. Supporting Level: 1268
2. Supporting Level: 1266
3. Supporting Level: 1264
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The short term trend of the Gold is to the upside. Intraday trading range of the Gold is expected among key support at 1695.00 and key resistance at 1750.00. Based upon my chart analysis, I prefer to buying the Gold around 1715.00 with targets 1735.00, 1755.00 then 1780.00 and stoploss with four hour candle closing below 1700.00.
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Daily (SA148P) updates for Gold
////////////Today\\\\\\\\\\\\\\
Standard Support – Resistance:
Resistent3: 1277.24
Resistent2: 1272.24
Resistent1: 1269.15
Pivot level: 1264.14
Support 1: 1259.14
Support 2: 1256.05
Support 3: 1251.04
--- 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
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My Very Important Technical analysis of Gold
Today Market Trend is : Bullish
Today Resistance level :-
1= Resistance level is: 1261
2= Resistance level is: 1263
3= Resistance level is: 1266
Today supporting level :-
1= Supporting level is : 1257
2= Supporting level is : 1255
3= Supporting level is : 1253
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ba33 (2018-12-26), FA148P (2018-12-26), FM1881 (2018-12-26), FM2127 (2018-12-26), isha (2018-12-26), JameelUrRehman (2018-12-26), PAK786 (2018-12-26), SA148P (2018-12-26), ShahzaibQais (2019-01-09), Unregistered (1), Younas007 (2018-12-26)
After understanding the analysis I am trying to discuss Gold pair today.
After spending a great time on this pair I would be able to understand the trend of this pair. I am not 100% sure about it but it is my opinion only.
Trading recommendation for a big profit is… ( Buy )
I use the moving average for analysis
Moving Average (period 60) Red: state
Moving Average (Period 10) Yellow: up
Moving Average: (Period 200) green:state
Crossing Point:1259.84
Running point of today market: 1272.36
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