Thread: Gold
Gold Levels:
Gold is consolidating above 1300.00 broken resistance level, within a minor pennant continuation pattern, which suggests a breakout and continuation of the bullish wave, where price should confirm the move through breaking the resistance of the pattern. The bullish scenario remains favored for today as well, and so long as 1300.00 is support.
Support: 1322.00, 1310.00, 1300.00, 1294.00, 1285.00
Resistance: 1338.00, 1350.00, 1360.00, 1365.00, 1375.00
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there are many currencies available for trade but the gold is metal and all the currencies or directly or indirectly related to gold so the main item for you to tarde is gold
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.
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 break above 1348-50 will call for buy still only H1 and H4 tf traders saying buy...when we see at daily chart than according to elliot waves its correction from 1180 in abc pattern and monthly charts also showing boucne back from 1107-1151 to again up.
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 is a great commodity that can make alot of money if u have the experience to do so but you must be care ful that it is very risky and can lead to many problems if you loose
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.
time frame- H1
the price of the gold is moving in the symmetrical triangle chart pattern. this has a strong resistance at the 1327.00 level and support at the 1317.30 level. the price will be break the up side. we can long this if this is close above the 1329.40 level with the take profit at 1346.70 level and stop loss at the 1310.00
good luck
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TODAY'S TECHNICAL LEVELS: Resistance 3: 1335.67. Resistance 2: 1333.48. Resistance 1: 1331.28. Support 1: 1323.04. Support 2: 1319.85. Support 3: 1318.65.
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 on 4-hour chart is trading within the converging triangle to determine the direction of future movements should expect a breakthrough one of the boundaries of this triangle, most likely, it will be the southern boundary as MACD has formed a bearish divergence and a sell signal.
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 price already touched daily support 1 level (1321.06) and lower trend line. Now the price try to move up ward. I think the price may touch daily pivot point (1329.62).
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.
The down trend also can be here if this XAUUSD next can break again to bellow 1322.72. ok, be ready for sell if 1322.72 break by next seller
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