Initial resistance is now at 1550 (June 1 high) followed by 1577 (All time high). the downside targeting 1531 then 1525
Thread: Gold
Initial resistance is now at 1550 (June 1 high) followed by 1577 (All time high). the downside targeting 1531 then 1525
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Initial resistance is now at 1550 (June 1 high) followed by 1577 (All time high). Hold on buy order till all time high.
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gold is a very amaizing subject when you say you will have to better the your account with better the profites all you have to is make sure that you are trading the gold comodity and that way will have to sure that i scalp well.
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on daily chart, if its able to break the 1551 then we see some quick rally toward all time high,waise to is point kop todna thoda mushkil hai lekin agar gold iske upar nikal gaya to fir iska down trend itnio easily nahi aayega..
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The latest correction ended just before the former 4th wave extreme at 1720 and price is expected to reach a new before the next 4th wave begins. Look higher. 1765 is short term support.
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Gold is now testing pivot level 1661.77, if it broken then gold may rise towards 1671, and may continue to 1678. But if it fails to break the pivot level, gold is possible to go down towards 1651.75 and may continue to 1645.50
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I think the down trend is still standing and the pair might head to 1625.
and then 1610 how ever the Gold made any hourly correction
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Weekly analysis for gold I expect gold to 1643.30 levels drop in the case of breakage I expect continue to decline to the levels of 1626.45 and rebound, God willing
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500 Surge Fundamental Forecast for Gold: Bearish Gold prices fell 1.51 in lieu of gold. Looking ahead to next week, gold traders will Thursday. - RM DailyFX provides forex news and technical analysis on the global currency markets. Learn forex trading with a free practice
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