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 1602 sell only and do not buy. If price closes back above it again do nothing
The range 1660 and 1602 is neutral area, any trade done in between is personal decision and not part of this analysis
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Although gold has recovered some of its safe haven status in the short term from last week, where there was a large jump in correlations between the yellow metal
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candle is going to close as bearish one which suggesting correction has started, No more buy orders in Gold till it reach $15xx level.
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the spot price down to a fresh monthly low of $1532.72/oz, and the precious metal may continue to give back the sharp rally from earlier this year as the U.S. dollar appreciates against its major counterparts.
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Gold traded heavy during the last week of September and the bearish sentiment underlying the bullion may carry into the following month as market participants diversify away from the precious metal.
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XAUUSD had a volatile trading day yesterday, but the intraday bias is still bearish as long as price stays below 1645 targeting 1588 and even below
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as what i can see in the hourly shart i think thr gold is alreday bearish but i think if he close abouve the 1633.21 he will up again
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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 1602 sell only and do not buy. If price closes back above it again do nothing
The range 1630 and 1602 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 1600.00 , 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.
If a M15 close above 1650 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1602 sell only and do not buy. If price closes back above it again do nothing
The range 1650 and 1602 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.
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