we can notice from the chart that the pair has closed under 1760.0000 , that's mean the down trend is expected and the pair might head to 1750.0000 then 1740.0000 , however the pair made a hourly correction
we can notice from the chart that the pair has closed under 1760.0000 , that's mean the down trend is expected and the pair might head to 1750.0000 then 1740.0000 , however the pair made a hourly correction
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Hamzagoroo (2019-03-30)
Analyzing structure from the July low suggests that a series of 4th and 5th waves should unfold. In other words, gold is headed higher but with corrections along the way. Near term support is 1740 and 1720. The next upside objective is not until 1926.50.
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Hamzagoroo (2019-03-30)
The sharp fall in the swiss franc has turned Gold lower to 1754.25 tempering the recent safe-haven demand for the metal .
That’s almost $60 off the earlier all time high set in Asia overnight
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Hamzagoroo (2019-03-30)
I was shocked. today i saw the weekly movements for the gold. The gold up for 12000 pips. Very very huge movement as we compared with eur/usd. I think there is no huge down from this position.
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Hamzagoroo (2019-03-30)
Today 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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Intraday trade:
If a M15 close above 1799.80 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1766.20 sell only and do not buy. If price closes back above it again do nothing
The range 1799.80 and 1766.20 is neutral area, any trade done in between is personal decision and not part of this analysis
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Hamzagoroo (2019-03-30)
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.
Gold reached news highs and is likely to continue the sharp rises during the day. Today, the Federal Reserve will meet to decide on the interest rate; Canadian housing starts stats will be published.
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Hamzagoroo (2019-03-30)
Gold was touched very high position. So, we may expect the down trend soon. I do long term trade. D1 chart is suitable for me. this support resistance is for my style
support 1.6690
Resistance 1.745
All the best
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Hamzagoroo (2019-03-30)
The precious metals of gold are driven by a wide variety of factors, including money supply, debt levels, currencies, CDS spreads, interest rates, inflation and fabrication demand from downstream sectors such as jewelry, electronics, and solar applications.
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 (2019-03-30)
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