Subscribecandle is going to close as bearish one which suggesting correction has started, No more buy orders in Gold till it reach $15xx level.
Thread: Gold
candle is going to close as bearish one which suggesting correction has started, No more buy orders in Gold till it reach $15xx level.
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In recent weeks/months we have seen gold change its stripes. No longer does gold look like the ultimate safe haven trade. In fact, it has almost become the complete opposite, following the highs and lows of the anti-risk trade, equities
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Gold pared the decline from earlier this week, with spot prices bouncing back from a low of $1,604/oz, and the bullion may continue to retrace the sharp decline from the record-high ($1,921/oz) as market participants diversify away from the U.S. dollar.
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The momentum of selling will lead the movement to down trend to reach 1635.00 , so the selling is suggested with a suitable stop loss level and targets equal 30 pips at least
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the screenshot is showing the trading has ended with the Gold under the level 1650.00 and that's will make the movement continue in down trend to reach 1615.00 , and then the selling is suggested with a suitable stop loss level and targets equal 30 pips .
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.
we can notice from the chart that the gold has closed it's daily candle under 1650.00 , that's mean the down trend is expected and the pair might head to 1630.00 then 1618.00 , however the pair made a 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.
Gold intraday still rebound, the RSI broke above abearish trend line .
The up movement targeting the level of 1635 and 1642 .
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we can notice on the chart , the pair is trading under the level of 1650.00 , so any way if the pair succeeded in breaking 1650.00 , the pair will continue in it's up movements heading to 1665.00 and then 1680.00 on continuous movements base
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 intraday rebound expected, so the pair may have uptrend movement targeting
the level of 1635 and 1642, just if the pair succeed in breaking the level of 1621.
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 chart and as we can see on it is showing the gold has succeeded in closing it's daily candle above level 1600.00 , and that's mean the up trend is still standing and the pair might head to 1630.00 and then 1642.00
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.
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