SubscribeGold is a commodities and it has biggest movement in this market ever from the another any commodities and currency pairs, about 1000 to 1500 pips movement occur per day in this market and i think in future Gold price will be higher more and more.
Thread: Gold
Gold is a commodities and it has biggest movement in this market ever from the another any commodities and currency pairs, about 1000 to 1500 pips movement occur per day in this market and i think in future Gold price will be higher more and more.
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Hamzagoroo (2019-05-25)
Gold re-test its daily pivot (1583.33). If successful break, gold will likely fall to as low as 1552.73.
But if it fails, gold will probably rise to a level of 1601.26.
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The trading rang for today is among the major support @ 1498 and the key of resistance @ 1511.
The general over short term basis is to the upside targeting 1511 as far as area of 1520 . Initial support at 1490 (Jun 27 low) followed by 1485 (76.4% retrace of 1462.45-1558.25). Initial resistance is now at 1526 (June 24 high) followed by 1523 (Jun 23 high)
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Hamzagoroo (2019-05-25)
Gold is hard to crack the nut of 1600, looking solid below this level and also there are lots of buyers around the 1550 level. Lets wait and see the movements in coming week
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Hamzagoroo (2019-05-25)
Long trem chart for gold shows that risky level of 1590 is ahead and it'll touch the higher end to stay stable in market.
---------- Post added at 01:08 PM ---------- Previous post was at 10:29 AM ----------
More update: Gold got strong selling support at 1580 level... it it not sustain its position it may test the level of 1552 once tonight.
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Hamzagoroo (2019-05-25)
in Forex markets Gold trading is very essay and very difficult ,because who person they trades in Forex about metals that Gold is very much complex.Gold trader are highly risk and quickly profit able.i am not interested in Gold trading ,because i always Analise in gold market ,news and profit so much.
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Thats a great topic indeed. i think that after oil its the most valuable raw resource. the oil is used to be called as the black gold. on that matter is represents how valuable it is. most of the countries nowadays reserve their currencies as gold regardlessly to be safe and secured.
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Hamzagoroo (2019-05-25)
The main trend is still bearish as long as the price move below the 20 Day MA. yesterday the bulls pullback the price which is just a bull's correction. The bearish movement becomes more strong when the price breaks the lower Bollinger band 20 SD1.
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Hamzagoroo (2019-05-25)
I believe that gold still maintains a bearish mood, now trades go below the level of resistance in 1578, and the price is similar to that formed a double top, so that you can go with a short stop, calculates that the trend is still going ..
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Gold is also the second half of the day was in the remedial stage of the North and came to yesterday's penetration level of 1577, above this level it could not be strengthened, and now it looks like the beginning of fall to the south.
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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