SubscribeGold today has shown good growth in the north, and again the price is above the Ichimoku cloud, after rising the price has just gone south adjustment, you need to wait for the correction and resumption of growth.
Thread: Gold
Gold today has shown good growth in the north, and again the price is above the Ichimoku cloud, after rising the price has just gone south adjustment, you need to wait for the correction and resumption of growth.
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Hamzagoroo (2019-05-25)
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.
Hamzagoroo (2019-05-25)
On gold as you can see a downward channel, the price feels good boundary of the channel, now a couple came up to the upper slope and significantly halted the movement seems to be a retreat to the south.
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Hamzagoroo (2019-05-25)
The short term trend of the Gold is to the upside. Intraday trading range of the Gold is expected among key support at 1520.00 and key resistance at 1640.00. Based upon my chart analysis, I prefer to stay aside from the Gold until we get a confirm setup for the upcoming big move.
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Hamzagoroo (2019-05-25)
Gold is now very much blew to the south after the breakdown of the lower boundary of the Ichimoku cloud, the underlying trend has changed now and it is the south, we should expect a further reduction in the price of gold in 1555.
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Hamzagoroo (2019-05-25)
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.
Hamzagoroo (2019-05-25)
Gold back below the 1582.68 level, this would bring gold to the levels between 1569.77 to 1557.03. I think, to buy the commodity is not the time, at least wait until the price hit 1544.39, to take a long position.
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Looks that you left 1 and you mean 1593.85 price, well today was highly volatile, it slipped to 1571 and then again crossed 1590 but now is under correction again and flirting near 1580, it would be good now to buy these correction for the target above 1590, again keeping 1570 as stop loss.Originally Posted by zola18
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Hamzagoroo (2019-05-25)
Gold has dropped to no mans land which no one has expected or predicted. It touched the lower level of 1571 and now it making its way to 1590. Which is good signs. If it does close today above 1590. Tomorrow it may touch 1640.
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Hamzagoroo (2019-05-25)
Gold is a few hours ago otbilos from the upper slope of the channel, and fell into a good price, it is now closer to the bottom oblique border, I think we can expect a retreat to the north of that line.
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.
Hamzagoroo (2019-05-25)
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