Gold

[amjid.8248646]

Gold prices are testing a major technical support with all eyes on next week�s Fed policy meeting. Here are the updated targets & invalidation levels that matter........................................,,,, ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

[amjid.8248646]

gold prices fell for the third consecutive week with the precious metal down more than 2.5% to trade at 1247 ahead of the New York close on Friday. The losses come on the back of continued strength in the greenback with the DXY up nearly 0.9% as the focus now shifts to the Fed ahead of next week�s FOMC policy decision.,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, ,,,,,,,,,,,,,,,,,

[imran.forex.6257]

Gold has reached the local downside target. Possibly, today the price may form a new consolidation range. If later the instrument breaks this range to the upside, the market may start another correction towards 1256; if to the downside � continue falling inside the downtrend with the target at 1222.,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, ,, ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, ,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,,, ,,,,,

[sadiq.86]

Gold has been making fresh lows in the NY session towards the close with the DXY up in a modest spike from 93.55 to 93.67 in recent trade. Gold is currently trading at $1,247.88 spot below the 200-D SMA at $1266.92 having traded at a high of $1264.67 and having made a low of $1246.10 /.....................................

[nuruli78]

The Indian rupee weakened against the U.S. dollar in evening deals in Wednesday, as the Reserve Bank kept the policy rate unchanged for the second consecutive meeting. At the fifth bi-monthly monetary policy session, the Monetary Policy Committee of the Reserve Bank of India decided to maintain the repo rate at 6.00 percent and the reverse repo rate at 5.75 percent. The bank had lowered the rate by 25 basis points at its meeting in August. The rupee that closed Tuesday's trading at 64.41 against the greenback slipped to a 2-day low of 64.54. If the rupee falls further, 66.00 is possibly seen as its next support level

[sachit]

जैसा कि मैंने पहले लिखा था, यह 1277.37 के स्तर के तहत तय किया गया था और प्रवृत्ति की रेखा के नीचे, मैंने केवल 52.5 अंक बंद कर दिए थे क्योंकि मुझे यकीन नहीं था कि कीमत 1267.78 के स्तर से टूट जाएगी।
अब कीमत 1267.78 के स्तर से नीचे तय की गई थी और इसे फिर से जांचने के लिए, इस स्तर को तोड़ने के मामले में मैं खरीदारी कर दूँगा, अगर कीमत 1267.78 के स्तर से नीचे लटकती रहती है तो मैं बेचूंगा।

[Aleksey]

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[fxearner]

gold ne kal he 1275.00 ke level ko break kardiya tha lekin abhi ache se nahi kiya hai,esme abhi gold ko down he bataya ja raha hai aur because federal bank agar rates aur jada 2018 me increase kiya to ye pair aur bhi jada down jayenga,esme trader ko ache se abhi 1282.00 ke level ko watch karna hoga aur esme sell karke he market me kaam karna chahiye.

[Aleksey]

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---------- Post added 12-05-2017 at 05:00 AM ---------- Previous post was 12-04-2017 at 05:56 AM ----------


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[zafarg8]

A good method to make trading in Gold is to trading a symmetrical triangle is to wait for price to breakout from current levels of support and resistance. This can be useful for gold traders thats don�t have to have a clear opinion of future market direction. Traders can trade a breakout in either direciton by setting up an OCO order. Traders can plan to sell a break of support and trade the pair to new lows under .$1.338.06. At the same time traders can look to buy a price break above resistance on a breakout to a new high above $1,423.71. In the event that price moves back inside the triangle Stop orders can be placed on both entries in the center of the triangle pattern, to limit risk exposure in the event of a false breakout.