SubscribeI bought it at 1675.67 with the minimum lot size my target price is 1720, this is my first trade with the strategy of MBFX from mustapha belkhayet hope that the market gives me reason this time. I have never did a good deal on gold!
Thread: Gold
I bought it at 1675.67 with the minimum lot size my target price is 1720, this is my first trade with the strategy of MBFX from mustapha belkhayet hope that the market gives me reason this time. I have never did a good deal on gold!
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Major support was 1708 that gold broken today - and after that it was not able to hold above 1700, currently trading around at 1666$ level, from 1723 to 1666 it is 57$ fall in one day - i will not wonder if we are going to see 1500 level again.
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If a M15 close above 1700 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1650 sell only and do not buy. If price closes back above it again do nothing
The range 1700 and 1650 is neutral area, any trade done in between is personal decision and not part of this analysis
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as i can see from the chart the Gold has success in breaking the level of 1690.00 and now the pair is trading under it , that's mean the down trend is standing and the pair might head to 1683.00 , good luck
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If a M15 close above 1800 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 1700 sell only and do not buy. If price closes back above it again do nothing
The range 1800 and 1700 is neutral area, any trade done in between is personal decision and not part of this analysis
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.
i think gold wil continue the uptrend this week at least 1800 area before the retracement ....... the uptrend from last 2 weeks seem like a correction wave for me
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Gold tumbled by more than 3.6% this week posting its largest weekly decline since late September as a stronger dollar and falling expectations for further easing from the Fed weighed on demand for the precious metal.
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So, its good time for Sell order.
I had open trade in sell direction but it will seems to be quite dangerous, i am hoping that myself not receive any margin call due to that feeling like fear.
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The price can not penetrate the resistance level at 1723.20 and resistance led to the return of the price to bottom
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i think gold wil continue the uptrend this week at least 1700 area before the retracement ....... the uptrend from last 2 weeks seem like a correction wave for me
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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