Thread: Gold
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Hamzagoroo (2019-05-25)
i think XAU-USD look on more bulls.. as long as the price (seller) can not down again more to the new demand zone 1643.00, search for nice probably strong bulls for buy OP still better action.
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Hamzagoroo (2019-05-25)
Gold opened above the pivot, two lwmas cross show bullish signal, then it will likely go up to 1664.27, and may continue rise towards 1673.80. But if gold break the pivot level 1649.73, it is possible to goes down towards 1640.17
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Today’s technical analysis
In h4 time frame the price level 1640 is offering a support but in upper side 1663 is also acting a resistance. if upper side this level is breaked then we can long this pair and can hold our long trade to next resistance at 1677.00
Resistance 3- 1687.43
Resistance 2- 1673.07
Resistance 1- 1663.73
Pivot point- 1649.37
Support 1- 1640.03
Support 2- 1625.67
Support 3- 1616.33
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gold was very well go down, come and see the big players that are very well practiced horizontal levels, .. and now there is resistance from which I think it will be possible to try to sell the metal at around 1663 ... and the first goal for the fall of 1635 ...
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Hamzagoroo (2019-05-25)
i really love trading gold it is the best commodity and at the same time it is the worst commodity it is very risky for as to trade gold due to its expensive nature .
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.
weekly analysis-
if we draw supporting trend line in weekly time frame we can see that price is just moving up side along the supporting trend line and with upper trend line it make symmetrical triangle pattern. now the lower side at 1650 level is hold the price falling. this level may be not break and this week price will move up side to hit the 1720 level again. if lower side price break the 1630 level then we can see down movement continue and price will hold at the 1550.00 level
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Hamzagoroo (2019-05-25)
Gold on the Comex division of the New York Mercantile Exchange traded in a choppy fashion Wednesday as some investors booked profits and the dollar rebounded; nevertheless, prices will remain well supported until a deal is struck to raise the US debt ceiling.
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Gold.
gold bohat hi sitrong chiz hai jo dunia mean har kisi ki pasand hai.
lakin agar kuch log esy nahi istamal karte kyun k ya bohat mehnga hai.
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Hamzagoroo (2019-05-25)
For gold still waiting for further falls, now the price of a new level of resistance looms 1649 + - above which gold does not go, the underlying trend is still north, is also at the top and sloping resistance line, given the current market dynamics in the overall decline of metals sold yet, the goal support until about 1635.
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.
Hamzagoroo (2019-05-25)
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