SubscribeWe can see that in H1 chart, the price is under the Ichimoku Kumo Cloud. Moreover, it is also under the EMA 200. These confirm for the downtrend. The price will continue to decrease.
Thread: Gold
We can see that in H1 chart, the price is under the Ichimoku Kumo Cloud. Moreover, it is also under the EMA 200. These confirm for the downtrend. The price will continue to decrease.
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Hanif484 (2018-12-14)
gold touched 1628 level last week. so we need a retracement. gold may touch 1670 level in the next week. support seen at 1605 and 1580 level. on the other side resistance seen at 1655 and 1685 level. gold is in the way to 1700 level in m y view.
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Hanif484 (2018-12-14)
Market seemed directionless today, in fact it was lacking decisiveness and looked confused espeical over usd job data, i think it will remain in same situation until there is no effective news or assurance from higher authorities. Still positive that it found supoprt on 1625 again and made a good recovery. Still slipping below 1640 again and agian is not good indication in my views.
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Hanif484 (2018-12-14)
Gold hit resistance at 1666.57 may see a correction back to support at 1651.55. And can be followed by a break of this support at 1636.53. And perhaps gold will rise to the level of 1680.00
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Hanif484 (2018-12-14)
Gold is trading with uptrend and uptrend may continue and will face resistance at 1690 if broken then pair will cross 1720 but some correction is expected...
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Hanif484 (2018-12-14)
It is true that majority of time gold is found in bullish trend but i dont agree that it does not go down, there are times when it gone down even more than 5% in a day, but again those down turn are best opportunity to collect more and more gold because we know with times prices are bound to go up.Originally Posted by aptx4869
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Hanif484 (2018-12-14)
I never use my investment in gold till now . i think to invest in gold is so much risky . the initial state of gold is about 1550 and at this state if i go for it then it becomes so difficult for me to recover back . thats why i never use gold in trading and have no experience with gold market .
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Hanif484 (2018-12-14)
Yes my friend I am also hoping same thing like this this pair might have a good up tread in the up coming week I also place a buy on current price and hoping I will get a good profit .
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Hanif484 (2018-12-14)
pair is trading along with uptrend and I am expecting uptrend may continues and reach 1667 from current point,
have long position...
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Hanif484 (2018-12-14)
Gold has made good recovery from the recent low of 1624 and has achieved the target of 1665 today but now it look tired, i would expect reversal to 1650 and 1640 though crossing 1672 may change the sentiments and it may again walk towards 1700.
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.
Hanif484 (2018-12-14)
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