SubscribeGold 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.
Thread: Gold
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.
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Hamzagoroo (2019-05-25)
momentum for bearish is on the way i think because of this pair down deeply yesterday so this pair might continue for down movement today reaching level 1605 again but if this pair going upward break level 1615 this pair will continue for bullish trend and can reach level 1620 again..
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Hamzagoroo (2019-05-25)
Gold is touching the support level at 1610.95 now.
Then, if Gold can falls and break the yesterday's low at 1606.70, Gold may continue going down and try to reach the next support level at around 1594.70.
But if fail to break, Gold may goes up again and reach the resistance level at 1624.27
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!!! Gold is still not pleased with their ... volantilnostyu metal moving in a very narrow, as for myself, the corridor ... there is a small sample in 1618 and the opportunity to get to the resistance in 1630 ...... but I still will not be higher than expected in 1630 normal of the gold market does not have to ....!!!
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this pair is on bullish strong trend as we can see from the chart in friday this pair is going upward so high,this up trend might continue today and its might goes to level 1630 but i think correction will we see first before reach that level..
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Hamzagoroo (2019-05-25)
Gold become 1617 is very recent. So i open sell order. But some indicator still buy signal at this moment. MACD, RSI, ADX & MA give me buy signal & My analytic give me sell signal.
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Hamzagoroo (2019-05-25)
The price broke the 1618 level and on the way to previous high at 1626. I think the price will fluctuate in this range for a long time because there is no support news for today session.
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Hamzagoroo (2019-05-25)
the price of gold has hit the upper bound of a relatively long range bound. we are not sure whether it will still go sideways in the next few weeks or not. if we want to play into the sideways trend we must wait and see whether the price will reverse down or break and go up.
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Hamzagoroo (2019-05-25)
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