Thread: Gold
Gold is still testing the strength of a very strong resistance level of 1630 ... judging by the picture above, all the bulls are running out at the top of the price level, so that soon will be waiting for the breakdown, I think if the price rises and to consolidate above 1640, it can fly at least in 1670 ...
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Hamzagoroo (2019-05-25)
Gold is a dense, soft, shiny, malleable and ductile metal and is a chemical element with the symbol Au and atomic number 79.
Pure gold has a bright yellow color and luster traditionally considered attractive, which it maintains without oxidizing in air or water. Chemically, gold is a transition metal.
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Hamzagoroo (2019-05-25)
I would like to analyze in long term view of the pair. In H4 chart, the price is in uptrend. But the Ichimoku Kumo Cloud is flat. So, it will attract the price to the Cloud. Then it will be up with the uptrend.
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Hamzagoroo (2019-05-25)
Gold likely to fall to a level of 1619.45, before finally going up to the 1641.20 level. Overall, Gold is still in bullish pattern.
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XAU/USD
XAU/USD has been moving up, it has resistence at 1629.9 and next level of resistence afther that will be 1632.05. For support we have 1618.45 and 1.613.77 At this momentIs near a 0 fibonacci number, price is trading at the moment below yesterday low. Last time price was at that level had a good reaction i expect this level to hold.
Today Daily Pivot point for this pair is 1623.335
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Hamzagoroo (2019-05-25)
I would like to analyze in long term view of the pair. In H4 chart, the price is in uptrend. So, I think the price will decrease slightly to the Kumo Cloud and then it will increase strongly.
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Hamzagoroo (2019-05-25)
Comex gold in the division of the New York Mercantile Exchange traded in a choppy, as some investors took over on Wednesday and dollar rebound, however, prices will remain well supported until agreement is reached to raise the U.S. debt ceiling
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Hamzagoroo (2019-05-25)
Silver :
The dealing go for these days is among the significant assistance @ 1498 and the key of level of resistance @ 1511.
The common over temporary base is to the benefit focusing on 1511 as far as area of 1520 .
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Hamzagoroo (2019-05-25)
Now its best time to make long term investment into gold as we see recovery of EU zone in next few days and gold will arise with that to i buy it and aim to sell in next two months hpefully this will give me expected return i make this analysis after consider all facts.
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Gold approached the level of resistance and hid until they can be seen that the graph razvorachivalsa no bottom, but also on the sample is still too early to say, the indicators show almost the same, so the easiest way to zarabatat money is to keep them ... so I recommend to wait for clarification situation ...
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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