Gold

[alishba.mkt]

Gold in a minor correction with death cross scenario on busy schedule ahead.
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[arshadlaskani]

Gold pair kafi up levels par movement kar choka he aur mere analysis k mutabik ye aj kafi down ho sakta he
Down level ye rahega : 1238.33
Focused levels : 1248.99
Normally levels. : 1244.11

[MARandhawa]

Morning Update:
Gold prices are declining. The absence of protracted corrections indicates the strength of the current trend. The rate stays under pressure of the strengthening dollar. The expected increase in the Fed’s interest rate facilitates the sales of gold futures in favor of the US currency.

[zahid2016]

Unless we see a late-Friday session selloff in bullion, August gold futures are poised to close in the green. After a rough week dominated by bears, price is consolidating just above the $1250.00 level. Is this a case of institutions hedging weekend risk or are bargain hunters finally stepping in?

Today has brought rekindled enthusiasm for U.S. indices. Both the DJIA and S&P 500 are up big on the session, as are gold and crude oil. Money is flowing into the markets en masse, with traders eager to take fresh positions into the weekly close.

[tayyab4ptc]

gold aur oil trading kafi difficult hoti hai is liye in pey trading k liye kafi knowledge aur experience chahiye hota hai. gold pey trading kafi profitable bhi hoti hai q k is ki price movement kafi frequent hoti hai aur ye cash mai convert abhi hai any time due to its high liquidity

[FOREXBOY]

gold ka price level abhi 1250 level par hai, kafi important support zone pe trade kar rha hai gold or ye abhi thoda or down ja sakta hai or support level 1242 ko test kar skta hai or uske bad hume isme kafi reverse trend dekhne k liye mil sakta hai. abhi is pair meh trade avoid bhi kari ja sakti hai.

[batool]

Gold pair ka trend buy sy sell ki trf bn chuka hay aor gold ki abhi kt ki price movement 1245 sy 1254 tk ki howi hay aor gold ka trend zyada sell ki position main hay is liay Trader gold ko 1255 ya 1258 sy sell kar sakta hay ya thora wait kr lay aor gold ko 1265 sy sell kr lay aor take profit Trader gold ko 1246 ya 1240 tk ka laga sakta hay aor Trader gold ko stop loss 1262 tk ka laga kr trading safe kar sakta hay

[kanita]

gold pair in strong selling position now because usd strong and gold pair trading at price 1250 now and gold pair buying is too much risky and selling positions give us good profit and i prefer for sell the gold at price 1250 to 1255 and we set our take profit at price 1242 to 1236 and we set our stop loss at price 1258 to 1262 and trader must complete the analysis first of gold pair and trader understand the gold right trend then he/she place order in gold and make good profit with gold pair trading today

[Sunriser1]

On Friday, gold finally gains support near $1245 after falling to a six month low. Are you wondering what caused a sudden change?

There are two reasons which include:
1) U.S. Final GDP Disappoints – The gross domestic product was expected to grow at a pace of 2.2%, but the actual figure fell to 2%. Consequently, the weakness in the U.S. dollar underpinned gold.
2) EU Leaders Agreed on Conclusion – The Chairman of the talks, Donald Tusk said, “EU28 leaders have agreed on (summit) conclusions, including on migration”.

How it impacts gold price?
In response to this news, the investors moved their investments from Greenback to Euro. Therefore, the Euro jumped over 0.7% on Friday and dollar index fell 0.3%, causing a bullish reversal in gold.
There’s a strong negative correlation between dollar and gold which is why weakness in Greenback drives bulls towards the bullion.

[khizar1]

GOLDToday Prediction
Strategy: Strong in SELL , stop loss at 1256.00, take profit at 1240.00, 1235.00.
Resistance levels: 1253.00, 1256.00, and 1259.00.
Support levels: 1244.00, 1239.00 and 1234.00.