Thread: Gold
Meanwhile, more and more experts say that from a technical point of view, the situation has changed for the better for the Gold and now is the time to fully consider buying the metal. The February futures price of gold rose today to 1684.80 dollars per ounce on COMEX supported also by first comments of Fed Chairman Ben Bernanke.
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Hamzagoroo (2019-05-25)
like gold increased slightly but still with the graph shows that the candles down much more aggressive, so I think the general trend more looks down, I think that the price should not be higher than the levels of 1690 or 1700, I wait that these marks will fall again ...
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Hamzagoroo (2019-05-25)
Everyone wants to buy Gold and Silver.
Of course, the worst time to get into a market is usually when everyone is talking about it.
To avoid buying tops and selling bottoms, I have found that it’s best to look for a potential trade where (and when) no one else is paying attention.
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Hamzagoroo (2019-05-25)
GOLD uptrend movement only slowly because of the level of 1690 bullish confirmation is still not penetrated and persisted above the pair is still in a bullish sisideway tend to re-examine the power level and if the confirmation is in trouble, the sidewaynya will be longer again.
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long positions at 1664 with 1670 and 1675 as next targets
the breakout of 1660 will call fro arebound towards 1650
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Hamzagoroo (2019-05-25)
Today pivot point for Gold is 1676, first resistance is 1687 and first support is 1668.
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The Gold breaks the upper trendline and touched the horizontal resistance line at 1685.00 levels. The pair still trading within the main descending channel and below the 50 Day SMA. There is no clear direction at this stage. Therefore we stay away from the Gold until we get a confirm setup for the upcoming big move.
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Hamzagoroo (2019-05-25)
Gold was opened above daily pivot level, it is possible to go up towards 1695.40 or higher. However, if gold move below pivot level 1676.60, then it is possible that gold will go down towards 1668.40 or lower.
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Gold continues to go north, the price broke through the strong resistance level 1678 and then again tested his strength and now again resumed its growth, the break of the upper fractal and was another buy signal, targets to the north are open and they can be a local maximum of 1692.
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Hamzagoroo (2019-05-25)
i closed my buy order and just watching the movement, waiting for some good entry if it's able to hit the 1660 level then we see some quick raise.
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