gold 1700$ ke par jaa chuka aaj first time in history, jasie gold pagal hi ho gaya hai, main hamesha sochta tha long term ke liye buy karu par jaldi hi close kar diya
gold 1700$ ke par jaa chuka aaj first time in history, jasie gold pagal hi ho gaya hai, main hamesha sochta tha long term ke liye buy karu par jaldi hi close kar diya
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Hamzagoroo (2019-03-30)
Gold is up 0.43% this week as a steep sell-off in equities saw traders seeking refuge in the safety of the precious metal. Ongoing concerns that the Eurozone debt crisis may spill over into larger economies like Spain and Italy coupled with a surprise interest rate cut from the Swiss National bank and a Japanese currency intervention saw traders jettison higher yielding risk assets in a heightened flight to safety.
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Hamzagoroo (2019-03-30)
Intraday trade:
If a M15 close above 1667.80 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1645.20 sell only and do not buy. If price closes back above it again do nothing
The range 1667.80 and 1645.20 is neutral area, any trade done in between is personal decision and not part of this analysis
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I have not trade in gold yet. but i am going to try to trade in gold. this thread makes me to do so. I also plan to use 0.01 lot size only. All gold traders are also may follow this lot size. because, the moment is about 1000 pips per day.
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)
Gold is approaching the upper limit of its medium-term bullish channel in 1627 and seems to start a decline. However a break of these levels would free up significant potential and initiate a bullish trend more violent.
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Hamzagoroo (2019-03-30)
Mexico, including the largest gold buyers throughout the year, reaching a total of $ 5.3 billion, or equal to 98 tonnes of gold, followed by Russia which has bought 48 tonnes of gold worth $ 2.6 billion.
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 prices continued to rise on Thursday to hit a new record high amid rising concerns from the European debt crisis and signs of slowing growth in the United States economy, where investors fear Italy and Spain will be the next victims of the European debt crisis. Moreover, several central banks around the globe increased their holdings of gold over the past period, which provided gold prices with more momentum to rise.
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Hamzagoroo (2019-03-30)
Although the chart may be extended now, when it goes sideways for a long enough time the gains become "pared" basically accepted at that price as a "fair market agreement value" this is because no one party is powerful or willing enough to sway it one way or the other.
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Missed out on both the buys. I am waiting for some consolidation here but it seems unlikely given NFP. If there is a better jobs report I might get to buy at 1640 (triple bottom) or 1630-35 area. Will see about that.
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Abubakar 148 (2020-11-10), Hamzagoroo (2019-03-30)
THe market is extended. And as beeb mentioned the ebb and flow sometimes it is necessary for the price although bullish - to come down allowing new money to enter. While others take profits.
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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