The February futures price of gold rose to 1723.20 dollars per ounce when the Fed announced its decision. However, the asset was not able to move further and corrected to $1711 per troy ounce on COMEX today.
Thread: Gold
The February futures price of gold rose to 1723.20 dollars per ounce when the Fed announced its decision. However, the asset was not able to move further and corrected to $1711 per troy ounce on COMEX today.
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.
-->
“Viewed in light of the 3 wave advance from 1672.50, the trend is lower.” Friday’s JS Spike right at mentioned support (1685) will probably propel gold to at least the 61.8% retracement of the decline from the 11/12 high at 1727. There is trendline resistance to keep an eye on as well.
Commodity Trading Strategy: Previous comments were “look to short strength from 1727 to 1738 with a 1754 stop.” After today’s spike and reversal, gold might not reach 1727. Wait for at least a day for the near term pattern to clear up before jumping into something at a less than ideal level.
LEVELS: 1673 1683 1704 1727 1738 1754
Last edited by niknik; 2012-12-13 at 11:44 AM.
Hamzagoroo (2019-05-25)
Bias bullish for gold as long as price not breach below 1707 region as MA 100 on chart H1,
a clear break below that area could trigger further bearish momentum toward 1700 area.
On the upside, immediate resistance is seen at 1724 region, a clear break above that area could trigger further bullish pressure targeting 1735 area.
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)
Gold slipped to the second support at 1697.73 level. It may continue to touch 1688.57, beware of correction before it continues to fall. The H1 time frame now look bearish.
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.
My dear friends , I think the Gold is best trade in these days running market . any one who want a good profit he can trade in Gold , low chances to lose and great opportunities to earning ,
Just take a look on past trading you will find the large trades of gold by reputed members .
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.
Movement stopped only to buy, and wait for some good target entry level if $ 1510, we see a rapid increase.
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)
Gold has traded above the 1705-1709 transition area where it gives the signal to start buying. Gold opportunity towards strengthening the range of 1721 to target short-term and long-term 1736. If gold is able to break 1700 low it will go back 1683 price range.
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)
Still keep buying the gold, the price went up to the strong resistance zone (zone upper fractals 1715), about the price of it to a halt, waiting for the breakthrough of this level (which will give another run to buy) and open the way to around 1730, in the direction of growth says and three signal lines alligator on 4 hour chart.
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)
The Gold prices fell but were able to recover back on speculations of the result of tomorrow’s meeting of U.S. Federal Reserve. The February futures price of gold closed at 1709.00 dollars per ounce today.
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.
Bias is neutral in nearest term as market still wait FOMC decisions, immediate resistance is seen at 1715 area,
a clear break above that area could trigger further bullish targeting 1728 area.
Immediate support is found at 1695 area, a clear break below that area should trigger further bearish aiming 1685 region.
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)
There are currently users online. members and guests
Threads:
Posts:
Member:
Thanks
Subscribe
Currently Active Users
