Subscribeits support 1570 and its goes to 1585 its time to take profit from it
Thread: Gold
its support 1570 and its goes to 1585 its time to take profit from it
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Hamzagoroo (2019-05-25)
Gold likely to descend to the level of 1562.20. The trend is still bearish since gold failed to pass the level of 1582.68. But if the level is successfully passed, gold will probably rise to a level of 1589.00.
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The short term trend of the Gold is to the upside. Intraweek trading range of the Gold for this week is among major support at 1520.00 and key resistance at 1640.00. Based upon my chart analysis, I prefer to stay aside from the Gold until we get a confirm setup for the upcoming big move.
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Hamzagoroo (2019-05-25)
Gold is not getting comfortable at 1590 levels and so is trading below that level, if on monday it again breaks 1580 we can expect it to go to its support of 1571.
Here are standard pivot for gold:
R3 1,592.20
R2 1,589.10
R1 1,585.90
PIVOT 1,579.70
S1 1,576.50
S2 1,570.30
S3 1,567.10
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)
The short term trend of the Gold is to the upside. Intraday trading range of the Gold is expected among key support at 1520.00 and key resistance at 1640.00. Based upon my chart analysis, I prefer to buying the Gold above 1570.00 with targets 1600.00 then 1640.00 and stoploss is below 1550.00.
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)
The August Gold futures grew to 1591.5 dollars per troy ounce today on the COMEX. They were supported by the decreasing of the U.S. Dollar’s rates.
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Hamzagoroo (2019-05-25)
Gold has just broken through the lower boundary of converging triangle, the most outstanding overall market sentiment, a tendency to strengthen the dollar resumed, the goal of the gold-level of 1570.
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Hamzagoroo (2019-05-25)
Attempts to stop the price of gold again positive when the moving average of 50, to keep the price stable without it, so the expectations of the trend remains bearish and likely list for today is also supported by the negative offered by stochastic.
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Expected trading range for today is between: Support and Resistance 1555.00 1598.00
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General tendency is expected for the day: the downside
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)
Gold was watching the level of 1582.68, after yesterday failed to pass this level. So if this level is broken again, then gold will probably rise to the level of 1607.85, which is safe to continue the bullish point. However if Gold stays below the level of 1582.68, is likely to have the potential to go down to the 1562.33 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.
The short term trend of the Gold is to the upside. Intraday trading range of the Gold is expected among key support at 1520.00 and key resistance at 1640.00. Based upon my chart analysis, I prefer to buying the Gold above 1570.00 with targets 1600.00 then 1640.00 and stoploss is below 1550.00.
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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