Thread: Gold
The Gold successfully breaks the 200 Day SMA as well as middle line of descending channel, The stochastic and vortex also shows the positive sign which indicates that the Gold has more potential to move upside. According to my chart analysis, I prefer to buying the Gold around 1665.00 with targets 1695.00 then 1707.00 and stoploss is below 1640.00.
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Hamzagoroo (2019-05-25)
HI EVERYBODY,Price raised $5 after market open and formed another bullish candle on daily chart, if its able to break the 1551 then we see some quick rally toward all time high, Hold on buy order till all time high.Initial support at 1490 (Jun 27 low) followed by 1485 (76.4% retrace of 1462.45-1558.25). Initial resistance is now at 1526 (June 24 high) followed by 1523 (Jun 23 high).
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Today(11-1-13 ) pivot point are-
Resistance 3- 1708.63
Resistance 2- 1693.37
Resistance 1- 1683.93
Pivot point- 1668.67
Support 1- 1659.23
Support 2- 1643.97
Support 3- 1634.53
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Gold today pleased strong northerly growth, the price has overcome strong vanishing upper fractals (resistance 1665.00) after leaving a pulse height, this breakthrough has opened the way to the previous local maximum-level of 1692, I think in the near future we can easily see this mark.
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Hamzagoroo (2019-05-25)
Gold hardly SMU yesterday northern signal, after which the price easily broke the support level seems inclined bulls still weak, the rate just went up again in 1663 to a score around which there was a complete stop, and turn to the south, I think to keep the sale in 1650 to endure.
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Hamzagoroo (2019-05-25)
Gold has fallen very many pips till 1650, this is a proper good buy point to enter because of the fact that there will be a reversal soon. I hope that any trader planning to buy or sell gold gets a big account balance.Originally Posted by mouheb
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Hamzagoroo (2019-05-25)
i think gold is very risky but as far i think it will go down again .... and it will touch 1625 soon hope in thursday night or Friday........... i think so........... i prefer to sell Gold from 1665.......
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Hamzagoroo (2019-05-25)
The Gold / XAUUSD on look to be still bulls too( H4-TF chart) I see, as long as the price candle can not more down again to more that 1645.50 (demand zone) . make plan to still search best buy OP here is better plan.
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Hamzagoroo (2019-05-25)
The Gold is still hesitating near the SMA 200 and middle line of descending channel. Our bearish scenario remains valid as long as the Gold trading below the SMA 200. A break below the 1635.00 will indicates the aggressive bearish movement. According to my chart analysis, I prefer to selling the Gold around 0665.00 with target 1625.00 and stoploss is above 1680.00.
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Hamzagoroo (2019-05-25)
Gold is not a good trade for beginners and traders who have low amount and less time .
it is a long term trade that make good profit but also can give you a great loss , so please take a look on it after you become a good trader and can afford any thing happens .
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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