SubscribeThe spot price for Gold hit a fresh record high of $1878.15/oz and the near-term rally may gather pace in the following week as market participants continue to look for an alternative to the reserve currency.
Thread: Gold
The spot price for Gold hit a fresh record high of $1878.15/oz and the near-term rally may gather pace in the following week as market participants continue to look for an alternative to the reserve currency.
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.
Gold prices began trading session today on the decline after prices rose yesterday to the highest level in three weeks, comes after the improvement of the dollar levels and stability in the financial markets after unemployment benefits better-than-expected claims data, the power of resistance $ 1,200 level per ounce pushed gold to decline again after he succeeded to break through yesterday's trading, and in order to penetrate properly achieved the level we have to wait candle close above this week
Technically: won gold yesterday, the first two goals we have not left us only goal Alakhirlkn gold has lost its upward momentum during yesterday's session after the dollar was able to regain some strength in the financial markets and we expect to be US $ 1190 levels is the last support levels that stands in front of the husband and able Re pair higher again, breaking $ 1,200 a week and closing candle above.
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we can see from the chart , the pair has succeeded in breaking 1197.69 and reached 1180.69 , so that's mean the up trend is still standing and the pair might head to 1190.80 and the 1192.80
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yes dear in forex I think with gold pair of the trading we can earn lot of money with financial markets. so with low level we can earn huge amount of money for our life. so it is best pair for the all the trading trending and strategy and make more profits with the trading platforms.
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.
Gold prices settled European market on Wednesday, near its highest level in three weeks after initial losses shattered the Asian market, and prices have benefited from the US currency back to back against a basket of major currencies in conjunction with the expectations defer to raise US interest rates to the second half of this year. Gold trading by 11:09 GMT, around $ 1192.00 per ounce time of the opening level of $ 1192.85, and the record high of $ 1193.67 and the lowest at $ 1186.59. And achieved gold rising by about 0.4 percent by the end of trading yesterday, the fifth consecutive daily gain and the highest level in nearly three weeks to $ 1194.90 an ounce.
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pair- gold
time frame to analysis- m30
the down movement of the price is not able to break the support at 1185.90 level and again in the up side. this may be break the resistance at the 1195.00 level. hold the long entry stop loss below the 1185.50 and profit target 1220.00
good luck
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Spoiler:
Daily Forecast
Pair: GOLD
Major Trend: Bullish
Time Frame: H1
Reason: Because the market has been rejected in the daily pivot point at 1186.62, then the market will lead to 1194.19 again, to retest the resistance.
Recommendation: Buy
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pair- gold
time frame to analysis- m30
the macd indicator is showing up trend signal and making pull up from the pivot support at 1186.67 level. the daily resistance at 1194.17 rejecting up movement. hold the long entry with stop loss at 1180.00 and take profit at the 1210.00
good luck
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.
Daily Forecast
Pair: GOLD
Major Trend: Bullish
Time Frame: H1
Reason: It is predicted that the market will reject in strong resistance at 1198.63, before determining the next trend.
Recommendation: Buy with a target of 1198.63
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.
we can notice from the chart that the Gold has closed it's daily candle under 1184.37 , that's mean the down trend is expected and the pair might head to 1174.37 then 1164.20 , however the pair made a hourly correction
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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