Spoiler:
Daily Forecast
Pair: GOLD
Major Trend: Bullish
Time Frame: H1
Reason: Because the market has been rejected in the daily pivot point at 1186.62, then the market will lead to 1194.19 again, to retest the resistance.
Recommendation: Buy
Thread: Gold
Daily Forecast
Pair: GOLD
Major Trend: Bullish
Time Frame: H1
Reason: Because the market has been rejected in the daily pivot point at 1186.62, then the market will lead to 1194.19 again, to retest the resistance.
Recommendation: Buy
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pair- gold
time frame to analysis- m30
the macd indicator is showing up trend signal and making pull up from the pivot support at 1186.67 level. the daily resistance at 1194.17 rejecting up movement. hold the long entry with stop loss at 1180.00 and take profit at the 1210.00
good luck
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Daily Forecast
Pair: GOLD
Major Trend: Bullish
Time Frame: H1
Reason: It is predicted that the market will reject in strong resistance at 1198.63, before determining the next trend.
Recommendation: Buy with a target of 1198.63
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we can notice from the chart that the Gold has closed it's daily candle under 1184.37 , that's mean the down trend is expected and the pair might head to 1174.37 then 1164.20 , however the pair made a hourly correction
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pair- gold
time frame to analysis- m30
the price is in the up trend side but making correction from the resistance at 1186.10 level and lower side supported at the daily pivot point 1179.55 level. if the price is break resistance at 1189.00 then long with take profit at 1210.00 and stop loss at 1172.00
good luck
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Now its best time to make long term investment into gold as we see recovery of EU zone in next few days and gold will arise with that to i buy it and aim to sell in next two months hpefully this will give me expected return i make this analysis after consider all facts.
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pair- gold
time frame to analysis- m30
the up movement of the price is making pull up from the support at 1158.00 level and break the resistance at 1175.70 level. the macd indicator is again up side. hold the long entry with profit target at the 1225.00 and stop loss at the 1170.00
good luck
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Daily Forecast
Pair: GOLD
Major Trend: Bullish
Time Frame: H4
Reason: Looks market is still heading up to the target 1190.38, slightly above the third resistance daily.
Recommendation: Buy
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pair- gold
time frame to analysis- m30
the macd indicator is showing down trend as moved below the zero level and the up movement of the price is also rejecting down from the resistance at 1176.30 level but may hold at the 1160.00 level. long with the stop loss at 1150.00 and profit target 1200.00
good luck
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The price of the pair moves starting from the wave (1176.62) It is noted that the limits of the main trend line drawn for this wave along the between-level (1148.75) and (1150.49 It is worth mentioning that the current wave goal access to the area (1126.00)
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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