SubscribeXAU/USD continues to be on traders radars. The massive $180 drop over the past few days has many skittish. The metal was able to tack on a limited amount, but nothing near a definable rally
Thread: Gold
XAU/USD continues to be on traders radars. The massive $180 drop over the past few days has many skittish. The metal was able to tack on a limited amount, but nothing near a definable rally
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Abubakar 148 (2020-04-15), Unregistered (1)
the pair and as we can see from the chart has closed it's daily candle under the level of 1770.00 , so , that's mean the down trend is still standing and the pair is heading to 1760.00 then 1750.00
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Abubakar 148 (2020-04-04)
I expect impairment of gold to support the diagonal line upward trend in the area around 1770. When there is divergence MACD, RSI indicators also signal a decline after he left the area over purchases overcame the quotation and the support of the MA50. Indicators signals for shorts.
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0307148 (2020-04-04), Abubakar 148 (2020-04-09)
the pair and as we can see from the chart has closed it's daily candle under the level of 1860.00 , so , that's mean the down trend is still standing and the pair is heading to 1840.00 then 1820.00
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.
4th wave correction is expected to begin and bring price back to 1815 or so before the final high is put in above 1900. 1900 has already been exceeded so respect the potential for a more important high to form.
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the gold and as we can see from the chart is trading under level 1890.00 , so , that's mean the down trend is still standing and the pair might head to 1880.00 and then 1870.00 how ever the pair made any hourly correction
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.
0307148 (2020-04-06), Abubakar 148 (2020-04-09)
Gold has reached its Elliott channel therefore the 4th wave correction may begin soon. Support comes in at 1815/40.
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we can see that the gold has closed it's daily candle above 1890.00 . so , that's means that up trend is expected and the pair might head to 1910.00 and then 1920.00 ,but also the hourly correction is expected before continue in the up trend
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in the next hours I expect a rebound from the current support levels and a new appreciation of the gold toward the resistance at $1900. The indicators send signals for long.
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.
The spot price for Gold hit a fresh record high of $1894.15/oz and the near-term rally may gather pace in the following week as market participants continue to look for an alternative to the reserve currency.
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.
Abubakar 148 (2020-07-15)
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