I place a pending buying order @ 1557.10
stop loss for today is @ 1549.45
take profit for today @ 1577.35
Thread: Gold
I place a pending buying order @ 1557.10
stop loss for today is @ 1549.45
take profit for today @ 1577.35
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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.
a strong prediction about gold is that it has a bearish trend in future,but due to the increase in chinese inflation rate GOLD had got a space to move upward but not for so long
if u put sell in this position u got a huge profit as it will move downward till 1535.
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GOLD (Spot) intraday: key ST resistance at 1568
Pivot: 1568.00
Our preference: SHORT positions below 1568 with targets @ 1549 & 1540.
Alternative scenario: The upside penetration of 1568 will call for 1576 & 1583.
Comment: the descending 50 moving average suggests that gold prices still have potential for a decline.
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.
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.
5 dollars in prize money will go free after another upbeat beached whale was formed on a daily basis and keep graphique destroyed in 1551 and to see some rapid rally in a larger, buy the answer to a larger system;
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As you see in my following attached chart, and as we mentioned in our last update for gold, the price suffered sharp losses, settling now above 1550.00, being under negative pressure coming from EMA50, while stochastic provides positive signs on the daily timeframe.
This contradiction makes us need to stay aside, awaiting for clearer signals for the trend, while 1575.00 and 1550.00 levels has the keys of the next intraday trend.
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INTRADAY CHART 9th April : Obviously I didn't have the expanded flat in mind. However, now that this appears to be the case we have a much easier prospect for a target high where the downtrend should resume and quite a downtrend is implied... For now we should see Wave iii high extend to either the 323.6% or 361.8% projection between 1,603.25 -1,609.60. Expect a pullback of around 41.4% followed by a move up to the 1,625.71 area where Wave (b) will have retraced by 50%
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gold is a good trading and good porfit. daily porfit 50 pips
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GOLD (4H Chart)
Most likely scenario: Long @ 1566 T/P @ 15733 S/L @ 1562
Other scenario: Short @ 1560 T/P 1554
i think it will come to 1530 area and then bounse back
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