Thread: Gold
Despite the risk aversion surrounding the markets, gold reversed sharply after setting a new historic high around $1,685 an ounce, falling over $40 to $1,640/oz with traders reporting that the strong selloff in stocks is forcing investors to cover positions and meet margin calls.
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Abubakar 148 (2020-07-14), Hamzagoroo (2019-03-30), Joo (2020-02-12), Zed Storn (2020-05-23)
The price of gold is shooting up greatly as we speak. It broke its all time high standing at 1600 dollars per troy ounce and have even gone beyond that. This is happening because of the debt issues that is making the dollar to be weaker.
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Abubakar 148 (2020-04-22), Joo (2020-02-12)
Gold will Retrace & often there will be cargo to be aquired at that time but understand this.
Like Petrol/Gas, Long gone are the days of $1.00/Gallon.
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Hamzagoroo (2019-03-30), Joo (2020-02-12), Zed Storn (2020-05-23)
Bias is back to bullish, after succeded break
resistance at 1630. Bias is still bullish as long
as the price moves inside bullish channel.
Immediate resistance is at 1672
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Abubakar 148 (2020-07-25), Joo (2020-02-12), Zed Storn (2020-05-23)
As we can see ... up trend with 55 SMA... I think it is very good chance to buy from the up trend with small target... what do you think, guys?
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Hamzagoroo (2019-03-30), Joo (2020-02-12), Zed Storn (2020-05-23)
Gold in USD has reached a new historic peaks at 1673 USD / troy ounce, which is still shorter distance to 1700 USD / troy ounce
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Zed Storn (2020-05-23)
Gold is blasting through to set a ne record
high near 1660 area yesterday. Constant
move above 1660 area is needed to trigger
further bullish momentum targeting 1675
region. While stochastic on 4H chart is on
deeply overbought condition, which could
trigger bearish correction testing 1645 area for
nearest term.
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Hamzagoroo (2019-03-30), Shahnawaz148 (2019-04-27), zainm6050 (2019-03-18)
I think gold will keep going up, maybe due many trader or investor choose gold as their safe heaven at the moment. the pair that been choosen so far is Swiss Franc. I can seen only the Swiss Franc go up against USD or against Ye
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zainm6050 (2019-03-18)
Aud and Gold are related directly because Australia is big exporter of Gold, Gold increasing regularly that's why AU also increasingOriginally Posted by s19
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zainm6050 (2019-03-18)
yes today we see down movement in audusd...so we expect that we can see little bit down movement in gold also
we may see some drop either big or small in Gold soon in this week according to my expectation if price won't break channel.
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zainm6050 (2019-03-18)
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