Gold has broken the support in 1705, paving the way for a move towards support at 1673. Watch the short horizontal span between 1685 and 1709. Strong support is at 1647.
Thread: Gold
Gold has broken the support in 1705, paving the way for a move towards support at 1673. Watch the short horizontal span between 1685 and 1709. Strong support is at 1647.
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Hamzagoroo (2019-05-25)
The price of December gold futures jumped above 1700 per troy ounce on COMEX. The investors' appetite for physical gold and physical securities investment products remains high, while in one of the largest gold ETF SPDR Gold Trust, it remains at a record level.
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(1) ___ Buy Gold if break 1715 ___
___ SL i dont know ___
___ TP 1770-1800 ____
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Hamzagoroo (2019-05-25)
Bias is neutral in nearest term as long as price
not break above 1718 area as MA 200 on
chart H1, a clear break above that area could
trigger further bullish testing 1727 region.
Immediate support is seen around 1705, a
clear break below that area could trigger
further bearish toward 1700 as key support
area.
Resistance Level : 1718, 1727, 1740
Support Level : 1705, 1700, 1690
Trading Range : 1718 – 1705
Trend : Neutral
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Hamzagoroo (2019-05-25)
Gold now is on bullish trend. It will likely to rise towards 1706.13, and possible to continue to touch 1712.87 level. However, if support at 1684.50 level can be broken, then gold will continue to fall.
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Gold is still depressed during movement below the level of resistance and the potential re-test the support level at 1689 and 1684. Level 1672 a strong support area. While the movement in 1700 to reopen the reinforcement to the area in 1722.
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Hamzagoroo (2019-05-25)
Gold has broken the support in 1705, paving the way for a move towards support at 1673. Resistance to observe reflections are 1709 and 1723. Strong support at 1647 is expected to survive.
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)
hay you!! if you have a trader trick, please share with me yach..
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Hamzagoroo (2019-05-25)
After yesterday's sharp decline couple has just entered the correctional northern stage, a couple went to the first sliding alligator near which are already noticeable consolidation reversal pattern and the formation of the upper fractal is given one additional signal to sell, the goal is still 1675.
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Hamzagoroo (2019-05-25)
The Gold prices fell today and reached the lowest point in the current month. The asset dropped by more than 1% amid uncertainty in the negotiations related to the problem namely "fiscal cliff." The December futures price of gold sunk down on the COMEX to the $1690.70 per troy ounce level, breaking important support of $1700 level.
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.
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