Gold

[yogesh]

The RSI is supported by a rising trend line. Long position is preferable above 1565 with price targets 1596 and 1604. If the price goes to below 1565 then we can expect downward movement 1554 and 1543 as price targets.

Well i think it will not be easy to break and trade again above 1600 soon so 1590 level should act as big resistance and a decline is expected then if again 1560 is broken it will seek to beg support from value buyers in 1530-1540 range.

[yogesh]

Gold has posted 12$ gains today, it looks that gold is targing 1590 level, i would like to be careful on buying higher levels - gold was unable to cross 1533 resistance even in second try and so investors will be more careful going long this time.

[Olig]

Gold is a 4 hour chart has formed an ascending channel, today the price approached and strayed from the bottom of the inclined lines of support, gold continues to form the northern tide, the first goal I think is about 1600.00.

[maroc89]

buying gold around 1550.00 targeting 1580.00,1615 and 1640.00 Stop loss below 1520.00

support 1555.00 1520.00
resistance 1580.00 1616.00

[AMIT]

gold is the favourite commodity in trading,,,, because the volatile of gold
is high so we can get much opportunity to get profit...

the volatility of gold trading is higher than other trading. you can get high profit and can get big loses here. so be careful about that.

[kharisma]

gold is the favourite commodity in trading,,,, because the volatile of gold
is high so we can get much opportunity to get profit...

[alamgir92]

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---------- Post added at 06:05 PM ---------- Previous post was at 05:58 PM ----------

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---------- Post added at 06:12 PM ---------- Previous post was at 06:05 PM ----------

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---------- Post added at 06:23 PM ---------- Previous post was at 06:12 PM ----------

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---------- Post added at 06:33 PM ---------- Previous post was at 06:23 PM ----------

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[maroc89]

weekly

the trading range for this week is expected among the key support at 1520.00 and key resistance now at 1640.00
the short term trend is to the upside targeting 1945.00 per ounce as far as areas of 1520.00 remain intact with a weekly closing

[mahmoud mohamed tawfik]

short positions at 1568.36 with 1551.48 target

the breakout of 1585.70 will call for a slide at 1605.3300

[sobissa]

Gold closed the week bearish candle on the frame but I expect to see the daily rise after contact with the pair of fractions Trend