Thread: Gold
Decided to buy gold, the price continues to slow but steady growth in the North, gold has overcome a series of strong resistance level and then started a small southern correction schedule now rested in the inclined support level 1602 + - (which has a medium-term) about it are also moving alligator I think 1600 + - a figure and will make a point of resuming growth and will bring the price to 1616, 1630.
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Gold is one of the most expensive thing in Forex. We can make more money by trading with gold. Its reserve currency. Traders reserve it for long time and we can trade it for long term investment.
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Gold is so bad poor but still came to the resistance level 1617 .. but there is just a very strong resistance which inhibits the growth of the last two months, so if the price be fixed above these marks I think, a general trend can all change in the opposite direction .. but as long as price is below I think not worth buying.
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In 4H time frame the pair now in a suitable place to sell it, because now it is facing strong resistance @ 1619 + 50 fibo level in the same level. so bearish movements are expected targeting 1554. Stochastic in the overbought level ( support my bearish expectation).
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Silver can be quite important supplies in the world. Within the last few ten years the prices associated with rare metal features soared considerably. Men and women possess passion to order your rare metal which is ideal for generating ornaments and that's the reason everyone wants it to obtain it.
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gold rate is very high.Gold ka 1 bahut strong resistance lagta hai 1550 pe...waise to is point kop todna thoda mushkil hai lekin agar gold iske upar nikal gaya to fir iska down trend itnio easily nahi aayega..
So we can only see that what is next.
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Unregistered (1)
For XAUUSD also on more nice to bulls but weak. I see - as long as that strong demand at 1640.xx can not be break again by seller . search for nice buy is better here if then the price movement supported by nice and strong bulls candle (of course
thank you very much.
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Unregistered (1)
Rolling back a little gold but the price to be below the break of 1665 I think the chances for further downward movement is very great, the price was still below the moving average with a period of 200 and shows that the level is kept very clearly not attached above ... if this goes on likely to fall even lower price ...Thank you .
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Unregistered (1)
Gold hold the very important area yesterday which was 1600 figure and rally from here and post high @ 1616 daily bias is converting into long position if market hold 1609 on the downside today than it can push toward 1625 area long can be entered @ 1610 stop loss @ 1608.60 take profit @ 1625
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Unregistered (1)
The current Initial support at 1490 (Jun 27 low) followed by 1485 (76.4% retrace of 1462.45-1558.25).
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