Thread: Gold
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hello traders, i want to share my analisys about gold, what gold break out trend line this day? will see... but see what the trend still bearish now, i see hammer in daily Gold, i take buy @1625.50 , i will hold to @1635.25, for d example, look this picture
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gold finally broke through important support area around 1650 multiple close below this level can open the doors for further weakness for gold .short with the stop of 1666 and target 1600 level within next week time.
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The trading rang for today is among the major support @ 1498 and the key of resistance @ 1511.The general over short term.i would recommend you guys to wait and watch.It is good job..................
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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.
|||||||After yesterday's strong impulse to reduce the gold found its buyer in the long-term horizontal support level of 1643.38, near it price is consolidating all of the present and a little noticeable shift support area to the north, waiting for my entry point to buy, to reduce as it is not hard to believe.||||
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The forecast for Monday at Gold based on technical analysis, as predicted gold will decline this week, and is now at 1649.10. The forecast for today is expected that gold can rise in price until 1660, after which the decline resumed.
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I think the bullish movement is coming back from fibo 0.0 @1643 and it is expected to hit 1653 later. Meanwhile if the price change its direction and breakdown fibo 0.0 then the trend is back into bearish.
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all i can say is that when you are trading gold guys please try and be carefull of what you trade that way i know that i will make sure that i do tradevery well in themarket and make some protite.
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There is a bid down fall happened in this pair and it already break the support of 1652 and I think that the trend of down fall continuous today
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in the h4 time frame the pair is break the strong support at 1653.30 and it will moving down side. at the time stoch and cci are also oversold this will try to come out but may be not break the resistance. we can long this if price will close about the 1660.00
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