Gold touched 1628 level last week. so we need a setback. Gold may touch 1670 level next week. Support is seen at 1605 and 1580 levels. On the other hand, resistance is seen the 1655 and 1685 levels. gold is 1700 m levels and perspectives.
Thread: Gold
Gold touched 1628 level last week. so we need a setback. Gold may touch 1670 level next week. Support is seen at 1605 and 1580 levels. On the other hand, resistance is seen the 1655 and 1685 levels. gold is 1700 m levels and perspectives.
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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.
US gold open _ Comex gold poised to benefit from equity market
Gold futures were modestly softer to begin New York trade Friday as Asian stock markets stabilized following yesterday's massive Nikkei correction.
Gold for June delivery on the Comex division of the New York Mercantile Exchange was last down $3.30 at $1,388.50 an ounce. Trade has ranged from $1,382.30 to $1,397.10.
Gold briefly inched closer to the psychological $1,400 level during Thursday's session. However, the US equity markets staged an attempt for a recovery from early weakness, which then added pressure to gold, said HSBC's James Steel, noting that the yellow-metal's recovery has been based on a drop in the US dollar and a shift in risk sentiment as global equities, notably but not exclusively in Japan, retraced.
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 : it seems it is planned further growth.
- turning point is at the level of 1377.
- preference is to BUY higher 1377 with target points 1398 and 1419.
An alternative scenario: the break of down-level 1377 will open the way to 1354 and 1336.
Analysis : the next resistance levels lie at 1398 and 1419.
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I want to trade with gold, but I have not been sufficient to trade forex with gold because I have not done this because this is a good thing to create profits
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 is still unable to overcome the 1400 figure, but also to the south below the support price in 1380 is also not allowed, so expect either a breakthrough in 1400 to 1430 and 1450 to strengthen or below 1380 which should bring the gold to a local minimum in 1365 and 1330.
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Hi,,
in the chart 1h we can see gold will go to up way in the future
I see gold will go to 1452.07
I expect from this analyze that the price will go to up way
RSI refer to the pair will go to up also...
so buy from 1390.86 to 1452.07
good luck
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Pivot levels today:
R3: 1447.87
R2: 1422.83
R1: 1406.72
PP: 1381.68
S1: 1366.57
S2: 1340.53
S3: 1324.42
Comment: Price now is above the daily and weekly pivot levels, also it is above the 55 SMA, so more rising is expected.
Forecast: Price may rise to 1422.83.
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