Gold has been consolidating at a given range span between 1707 to 1730 per troy ounce respectively. i still await an entry point when it will be bullish and test the all time high standing at 1800 dollars per troy ounce.
Thread: Gold
Gold has been consolidating at a given range span between 1707 to 1730 per troy ounce respectively. i still await an entry point when it will be bullish and test the all time high standing at 1800 dollars per troy ounce.
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Hamzagoroo (2019-05-25)
Elliott: extension wave down 1704.57
One more dip to 1710.45 is likely followed by a grind higher to 1727.64. After which it can resume its downtrend.
Technical points
Key point 1,715.3000
Entry point 1,720.3100
Elliott 1,733.9600
Closing 1,715.9100
Projection 1,708.3100
Trendline 1,728.0500
Trendline 1,722.1400
Supports / Resistances
Res 2 1,739.3800
Ex-High 1,728.0500
Res 1 1,727.6400
Pivot 1,716.3200
Sup 1 1,704.5800
Ex-Low 1,704.9900
Sup 2 1,693.2500
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Gold ka 1 bahut strong resistance lagta hai 1550 pe...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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Hamzagoroo (2019-05-25)
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)
Low yesterday ($ 1704) has touched the 50% Fibonacci level daily chart ($ 1,705). If today's closing below that the testing area in the $ 1677 - $ 1685, $ 1705 area also is a signal to the selling pressure on profit-taking. Conversely, if the closing today above $ 1717 then it is likely to re-testing sideways to break $ 1740 area will continue to try and break area $ 1725 a movement signal.
Will carefully massive profit taking which can make bearish rally towards testing price $ 1650 - $ 1660, Closing day can be used as a foothold in the price movement of gold in the next week.
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Hamzagoroo (2019-05-25)
Price raised $5 after market open and formed another bullish candle on daily chart, if its able to break the 1551 then we see some quick rally toward all time high, Hold on buy order till all time high.
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Hamzagoroo (2019-05-25)
Gold technical analysis for 16.11.2012 by using : Auto pivot indicator.
resistance 3:1745.73
resistance 2:1739.57
resistance 1:1732.73
pivot point :1726.57
support 1:1719.73
support 2:1713.37
support 3:1706.73
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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 futures for December delivery were down 0.28% at USD1,725.25 a troy ounce, up from a session low of USD1,722.85 and down from a high of USD1,726.05 a troy ounce.
Gold futures were likely to test support at USD1,717.85 a troy ounce, Tuesday's low, and resistance at USD1,733.85, Wednesday's high.
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)
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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