Thread: Gold
If a M15 close above 1833 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1821 sell only and do not buy. If price closes back above it again do nothing
The range 1833 and 1821 is neutral area, any trade done in between is personal decision and not part of this analysis
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A lower high is now sought to compliment last week's huge downside reversal. Marginally broke above the 61.8% retrace to indicate a pause in the latest relief rally. Below 1783.20 triggers 1757.01; above 1867.97 defers.
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the pair and as we can see from the chart is trading now above the level of 1800.00 , so when ever the pair success in breaking 1800.00 , that's mean the down trend will be assured and the pair might head to 1780.00 and then 1760.00
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Abubakar 148 (2020-08-16)
Gold is in a strong up trend, but nevertheless we see a downward correction, suppose that the next direction for the next day will be the price of 800 per troy unce,According to my estimates before we go down the price of 2000
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tentative rising trend line currently standing at 1814
LONG positions above 1810 with 1840 & 1855 in sight.
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The downside breakout of 1810 will open the way to 1770 & 1742.
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If a M15 close above 1840 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1830 sell only and do not buy. If price closes back above it again do nothing
The range 1840 and 1830 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.
Abubakar 148 (2020-04-12)
Thu's rebound and a bullish candle above 1702.44, close to a 50% of the Jul-Aug advance and the former 2.5yr bull chnnl resist (now serving as a supp), favours a recovery twds 1853.60+. 1757.01 should limit dips.
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Abubakar 148 (2020-08-20)
we can see that the pair has closed it's daily candle above 1800.00 . so , that's means that up trend is expected and the pair might head to 1850.00 and then 1865.00 ,but also the hourly correction is expected before continue in the up trend
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Abubakar 148 (2020-08-16)
If a M15 close above 1823.80 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1830.20 sell only and do not buy. If price closes back above it again do nothing
The range 1823.80 and 1830.20 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.
Abubakar 148 (2020-08-12)
the chart is showing that the gold has succeeded in closing it's daily candle above level 1820.00 , and that's mean the up trend is still standing and the pair might head to 1850.00 and then 1870.00
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.
Abubakar 148 (2020-08-17)
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