On Gold as writing came to 1655, will now be rolled down and confirm at the moment waiting for growth to 1670 there may be more to sell, but so far sales below 1655 should not place as well after that gold can turn upwards.
Thread: Gold
On Gold as writing came to 1655, will now be rolled down and confirm at the moment waiting for growth to 1670 there may be more to sell, but so far sales below 1655 should not place as well after that gold can turn upwards.
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Present pattern jo hai woh way up pattern pe hai aur jab focus on hai 1554 sehingga cost market ki aur gaya toh smallest point hai iska 1576, splitting the pattern convert to the disadvantage focusing on 1591 then 1625
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Just added another gilt sale because the price is still broke through the lower zone of fractals (Support 1653.80) after leaving an impulse reduction, bears continue to drive the price further to the south, is already apparent overall trend for the fall of the metals market, with respect to its gold I waiting around the mark 1653.
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Getting ready to roll for gold to buy, the price in any still can not break through the support of 1664 which has already formed a three floor (which is interesting in the daily chart are moving the 200), but it confirms the signal for a turn to become a mark breakthrough 1670, but at the break and strengthening below 1664 will only add more sales.
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The price of gold continued it,s decline after break of 1682.00 to touch the target level of breakage
most notably 1660.0 this support now represents an important get way for intraday trading
as the breaking open the door of the trend towards the most important barrier at 1630.00
general tendency is expected for the day UP
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the spot price for gold hit a recent record high of $1878. 15/oz and of course the near-term rally could gather pace in the listed week as market participants continue to actually look out for an different to actually the reserve currency
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Gold may continue to go down as it opened below daily pivot level. it may go down towards 1651, however if gold moves up above pivot level 1672, then it is possible to go up towards 1680 and may continue to 1693
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Spoiler:
On the hourly chart, the price is below the 12 EMA (red) and 72 EMA (blue) indicates the trend is still down
50 RSI cross the line below area 50 ,indicates the trend is still down
Recommendation: SELL
Take profit: 1638.70
Stop Loss ;1672.60
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Gold Technical Analysis I expect gold to 1659.52 levels decline and rebound and is worth mentioning that the pair saturated RSI Frame four hours, but in the case of breakage expect fall to 1651.68 and bounce and God knows
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The pair has touched 38.2 fibo level which is 1667.84.then pair has moved to up side.i think next target is 23.6 fibo level after that it can come down again.indicator is showing start of a downtrend.lets wait and see
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Originally Posted by zirconium
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