Thread: Gold
My Technical analysis of gold is that the market trend is bearish.
Current price of gold is = 1257.05
Resistance lever and support lever is below.
Resistance lever up.
Resistance lever one is. 1258
Resistance lever two is. 1259
Resistance lever three is. 1259.80
Support lever down.
Support lever one is = 1256
Support lever two is = 1255
Support lever three is = 1254
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Thu's rebound and a bullish candle above 1702.44, close to a 50% of the Jul-Aug advance and the former 2.5yr bull chnnl resist (now serving as a supp), favours a recovery twds 1853.60+. 1757.01 should limit dips
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gold has made a range first it was arround 1284 to 1294 then now it has in range on 1276 to 1286 now we have to wait again break market has break the first range level of 1284 but if it break the 1276 level then it will stop at 1260 else it will recover back to 1294 which is resistance of previous range.
Time is Money and Money is time so Focus on Time not Money
FM2127 (2019-01-24), mooon (2019-01-24), Muhammad_Arif (2019-01-25), PAK (2019-01-25), PAK786 (2019-01-24), QamarXulqi (2019-01-25), SA148P (2019-01-24), SDK (2019-01-24), Shahzada (2019-01-24), zahidali (2019-01-24), Zulqarnain (2019-01-24)
Our gold gold trade is our best to us how our work is like ours our work is the surprise of gold they work we have done everything we do we have to make efforts to do the job of doing so that they have earned our profits or a series of fire extinguishers.
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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.
AliAbbasNaqvi (2019-01-24), mooon (2019-01-24), Muhammad_Arif (2019-01-25), PAK (2019-01-25), PAK786 (2019-01-24), QamarXulqi (2019-01-25), SA148P (2019-01-24), SDK (2019-01-24), Shahzada (2019-01-24), zahidali (2019-01-24), Zulqarnain (2019-01-24)
Gold maximum price 1360.99 and minimum 1220.77
Support level 1 : 1270.55
Support level 2 : 1260.66
Support level 3 : 1255.00
Upper level 1 : 1288.44
Upper level 2 : 1296.33
Upper level 3 : 1299.11
************** trend sell***************
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FA148P (2019-01-25), Muhammad_Arif (2019-01-25), SA148P (2019-01-24), SDK (2019-01-24)
the chart is showing that the pair has succeeded in closing it's daily candle above level 1820.00 , and that's mean the up trend is still standing and the pair might head to 1830.00 and then 1840.00
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I would like to analyze in long term view of the pair. We can see that in H4 chart of Gold. There is a Harmonic pattern. This is a signal for reverse. So, I think the price will make a reverse and increase strongly in today's session.
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The trading range for today is among the key support at 1530.00 and key resistance now at 1638.00.
The short-term trend is to the upside with steady weekly closing above 1475.00 targeting 1945.00.
Recommendation : Based on the charts and explanations above our opinion is selling gold around 1594.00, targeting 1579.00, 1552.00 and 1530.00 and stop loss with 4-hour closing above 1624.00 might be appropriate.
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Resistance and supporting level is
Gold trend is strong down
1, Resistance is : 1281
2, Resistance is : 1284
3, Resistance is : 1287
1, Supporting is : 1277
2, Supporting is : 1274
3, Supporting is : 1272
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 prices rose in global markets as the dollar declined due to concerns the prolonged US government shutdown will limit economic growth at the same global growth is slowing as well
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.
FM2127 (2019-01-24), jellybelly2017 (2019-01-24), lal765 (2019-01-24), mooon (2019-01-24), Muhammad_Arif (2019-01-25), QamarXulqi (2019-01-25), SA148P (2019-01-24), SDK (2019-01-24), zahidali (2019-01-24), Zulqarnain (2019-01-24)
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