today,Initial support at 1518 (May 27 low) followed by 1504 (May 23 low).
Thread: Gold
today,Initial support at 1518 (May 27 low) followed by 1504 (May 23 low).
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i think kay international market main gold ki price low honey ki waji ya hay ,,,international market nay gold sell kyia ho
gold ki price 1600 say kam ho ker 1300 tak gyia hay...
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I will short GOld @ 1441.5: SL @ 1447: TP @ 1430. next target could be pivot of 1425
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In Forex Trading, The Gold is most costly instrument for the trading, In the Gold Trading only big investors can do it, because the price of one ounce if around about USD 1550 now a days, So small investors can not make the entries in the gold market,
this is also Gold is very risky in the forex trading
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Gold pivot levels by using fibonacci pivot indicator.
r3: 1447.23
r2: 1438.96
r1: 1433.84
pivot : 1425.57
s1: 1417.30
s2: 1412.18
s3: 1403.91
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GOLD (Spot) intraday: further advance.
Pivot: 1418.00
Our preference: LONG positions above 1418 with 1470 & 1507 as next targets.
Alternative scenario: The downside penetration of 1418 will call for 1404 & 1391.
Comment: Gold prices are supported by a rising trend line and the 50 moving average is turning up. The upside prevails, as long as 1418 is support.
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today i am going to sell gold @ 1447.100
my stop loss of the day @ 1455.100
my take profit of the day @ 1427.100
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the moving under the level of 1670.00 as we can see from the chart ,
I think the down trend is still standing and the pair might head to 1650.00 how ever the pair made any hourly correction
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Originally Posted by anubhavsingh
Gold ka 1 bahut solid safety lagta hai 1550 pe...waise to is focus kop todna thoda mushkil hai lekin agar gold iske upar nikal gaya to fir iska down movement itnio effortlessly nahi aayega.. So for gold i might propose folks to hold up and watch
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time frame- H1
the price is break the resistance at 1438.80 and making a strong bullish candle. it is a good signal for the long entry. at the macd indicator is also giving us long signal. we can long this to the target at 1500.00 and stop loss at 1422.00
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