Thread: Gold
Gold is in the stage of development of the northern wave, today the price broke through the next resistance 1434 (strong upper zone of fractals), and reached a new weekly high gliding alligator actively fulfill the role of the trend lines, it was for him and the price went up, from 1442 forward to the resumption of growth in 1470 .
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1504 (May 23 low). Initial resistance is now at 1550 (June 1 high) followed by 1577 (All time high).
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In my short trading experience,i think gold is downtrend.so sell it.i sell gold 1444.70 tp 1443.70.
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today,Initial support at 1518 (May 27 low) followed by 1504 (May 23 low).
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i think kay international market main gold ki price low honey ki waji ya hay ,,,international market nay gold sell kyia ho
gold ki price 1600 say kam ho ker 1300 tak gyia hay...
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I will short GOld @ 1441.5: SL @ 1447: TP @ 1430. next target could be pivot of 1425
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In Forex Trading, The Gold is most costly instrument for the trading, In the Gold Trading only big investors can do it, because the price of one ounce if around about USD 1550 now a days, So small investors can not make the entries in the gold market,
this is also Gold is very risky in the forex trading
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Gold pivot levels by using fibonacci pivot indicator.
r3: 1447.23
r2: 1438.96
r1: 1433.84
pivot : 1425.57
s1: 1417.30
s2: 1412.18
s3: 1403.91
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.
GOLD (Spot) intraday: further advance.
Pivot: 1418.00
Our preference: LONG positions above 1418 with 1470 & 1507 as next targets.
Alternative scenario: The downside penetration of 1418 will call for 1404 & 1391.
Comment: Gold prices are supported by a rising trend line and the 50 moving average is turning up. The upside prevails, as long as 1418 is support.
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.
today i am going to sell gold @ 1447.100
my stop loss of the day @ 1455.100
my take profit of the day @ 1427.100
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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