After yesterday's fast upward move, the price of gold stabilized in the range of $ 1729 - $ 1735 per ounce today, however, could not keep these levels and fell to $1721.90 per ounce on the COMEX.
Thread: Gold
After yesterday's fast upward move, the price of gold stabilized in the range of $ 1729 - $ 1735 per ounce today, however, could not keep these levels and fell to $1721.90 per ounce on the COMEX.
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: After yesterday's fast upward move, the price of gold stabilized in the range of $ 1729 - $ 1735 per ounce today, however, could not keep these levels and fell to $1721.90 per ounce on the COMEX.
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 (2019-05-25)
Buy gold 1722
Tp 1727-1732
Sl 1712
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Hamzagoroo (2019-05-25)
Scenario for today
Elliott: common flat correction up 1733.96
There are initial signs of a good corrective recovery towards 1731.45 or even 1734.47. Supports at 1724.75 and 1721.08 zone.
Technical points
Key point 1,729.7300
Entry point 1,727.6000
Elliott 1,704.9900
Closing 1,727.1400
Projection 1,733.9600
Trendline 1,722.8700
Trendline 1,730.5600
Supports / Resistances
Res 2 1,741.8100
Ex-High 1,735.7500
Res 1 1,734.4700
Pivot 1,728.4200
Sup 1 1,721.0800
Ex-Low 1,722.3600
Sup 2 1,715.0300
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Gold technical analysis for 21.11.2012 by using : Auto pivot indicator.
resistance 3:1747.43
resistance 2:1741.27
resistance 1:1734.03
pivot point :1727.87
support 1:1720.63
support 2:1714.47
support 3:1707.23
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Hamzagoroo (2019-05-25)
Level to watch today is 1723.43 as gold is in a down movement, if it can break the level, then gold may down towards 1714.25. But if it fails to break the level, the it is possible to reach higher to touch 1751.86
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Gold back into resistance last week at the 1730 price level. Break would bring up gold prices to the level of 1752. This process gives the signal weakening if gold can not break up 1730 today, weakening towards the target price range 1715.
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Hamzagoroo (2019-05-25)
Intraday trading signal
xauusd m30
the price has break out from the lower rising wedges. Due to this,
i expect that the price will at least aim to go further down to 1728.1
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Hamzagoroo (2019-05-25)
Gold continues to form the tapered triangle with a very clear resistance level seen in 1736 ... but just roll down getting higher .. I think sellers ****ually start to leave ... so that even if the price is getting ready to punch back at the top ...
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Hamzagoroo (2019-05-25)
Gold: Gold prices rose today to 1735.40 dollars per ounce, offsetting losses of the last week. The prices were supported by increased risk appetite and weak dollar.
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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