SubscribeGold finally managed to identify any trend though, the price has broken through the upper limit of a converging triangle, while there is a consolidation of about 200 moving, if the price would be able to overcome it and I'll buy it.
Thread: Gold
Gold finally managed to identify any trend though, the price has broken through the upper limit of a converging triangle, while there is a consolidation of about 200 moving, if the price would be able to overcome it and I'll buy it.
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Hamzagoroo (2019-05-25)
Gold was broke the 1634.73 level, so it will likely going up towards next target at 1663.19. However, if it back below 1634.73 level will bring gold to go down to see 1628.09 level.
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But finally managed to get gold is very strong resistance level 1630, which was held from the beginning of the Maya, if you think a normal consolidation following objectives for the metal in 1670 is ... well, let's see what the breakdown is not very strong and that tomorrow again did not go back .. .
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Gold went to great growth after the break strong resistance at 1628 opened the way for further growth, to now become a standard in 1650, the price is also steadily strengthened in the Ichimoku cloud.
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Hamzagoroo (2019-05-25)
Continued to rise to the top of the metal as it hovers around 1625.00 levels nearing pivotal resistance levels note that the current levels, which then trading the metal very important
*The level of support 1575.00
resistance level *1650.00
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Hamzagoroo (2019-05-25)
Move the price of gold on the same narrow range since morning stable in the mid-distance between the SMA 50 and pivotal resistance 1629.00 1604.00 provided stability above
Money is the life
Hamzagoroo (2019-05-25)
Gold is moving above raising MA100, so we will assume it for a bullish. With the price was touch resistance level 1619.13, I think gold will continue to rise towards 1628.10. From that it is possible to continue to rise, or rejected and fall again.
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Gold traded in recent days with little or no change in the daily chart you can see already formed a converging triangle, forming the main trend in the breakout happens one of the boundaries of the shape, you need to follow to break through it.
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Hamzagoroo (2019-05-25)
Gold on the hourly chart managed to enter the Ichimoku cloud, while the further growth it prevents strong resistance level 1600, if the price still will be able to overcome this mark, the aim will be resistance 1608.1614.
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Hamzagoroo (2019-05-25)
Gold: The Gold prices grew on the rumors that the European Central Bank may intervene and support the euro. The cost of the August gold futures peaked at 1623.9 dollars per troy ounce on the COMEX today.
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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