Thread: Gold
If a M15 close above 1660 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1601 sell only and do not buy. If price closes back above it again do nothing
The range 1660 and 1601 is neutral area, any trade done in between is personal decision and not part of this analysis
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The Important level 1530
because of
area of 200 days Moving average + Daily Up trend + monthly fibo 23.6
if Gold still above this level we will see up movements
If break it to down we may see price around 1283
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If a M15 close above 1660 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1612 sell only and do not buy. If price closes back above it again do nothing
The range 1660 and 1612 is neutral area, any trade done in between is personal decision and not part of this analysis
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 Gold and as we can see from the chart has closed it's daily candle above the level of 1620.00 , so , that's mean the up trend is still standing and the pair is heading to 1645.00 then 1660.00
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If a M15 close above 1630 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1600 sell only and do not buy. If price closes back above it again do nothing
The range 1630 and 1600 is neutral area, any trade done in between is personal decision and not part of this analysis
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.
as what i can see in the hourly shart i think the gold have enter in bearish in closing below the 1640.4 the macd is below the 0 level
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The market has been in a consolidation phase. Last Thu's strong rejection at 1582.80 suggests a higher low at the latter may be in place ahead of an attempt on 1702.44. at this position sell is good for scalp.
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we can see that the pair has closed it's daily candle above 1650.00 . so , that's means that up trend is expected and the pair might head to 1675.00 and then 1690.00 ,but also the hourly correction is expected before continue in the up trend
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If a M15 close above 1660 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1632 sell only and do not buy. If price closes back above it again do nothing
The range 1660 and 1632 is neutral area, any trade done in between is personal decision and not part of this analysis
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 pair and as we can see from the chart is trading now above the level of 1650.00 , and that's will lead the pair to reach 1590.00 and then 1575.00 just if the pair succeeded in breaking the level of 1600.00
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.
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