Gold Technical analyse
current price Gold; 1300.87
Resistance level 1; 1301.14
Resistance level 2; 1302.29
Resistance level 3; 1304.57
Support level 1; 1299.10
Support level 2; 1297..21
Support level 3; 1295.60
Thread: Gold
Gold Technical analyse
current price Gold; 1300.87
Resistance level 1; 1301.14
Resistance level 2; 1302.29
Resistance level 3; 1304.57
Support level 1; 1299.10
Support level 2; 1297..21
Support level 3; 1295.60
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5150 (2019-01-28), alwah (2019-01-29), caprice (2019-01-28), forex612 (2019-01-28), FUN (2019-01-28), IGI (2019-01-28), jellybelly2017 (2019-01-28), Karamatkhan (2019-01-28), khalid11 (2019-01-28), zahir123 (2019-01-28)
TODAY'S TECHNICAL LEVEL OF GOLD :
Breakout BUY Level: 1306.
Strong Resistance: 1303.
Original Resistance: 1300.
Inner Sell Area: 1298.
Target Inner Area: 1296.
Inner Buy Area: 1294.
Original Support: 1292.
Strong Support: 1290.
Breakout SELL Level: 1288.
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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.
5150 (2019-01-28), jellybelly2017 (2019-01-28), Unregistered (2)
On larger terms, Gold remains in the grip of bulls with prices expected to move higher.
Possible trades are on both sides, gold can be bought above $1308 for the targets of $1318 and $1327 with a stop loss placed below $1296.
Short trades goes against the trend but can be viable only if $1308 becomes a wall going ahead.
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5150 (2019-01-28), Unregistered (2)
Bearish view – Bears were rocked by the move in the price as they failed to contain gold below $1300. Every passing week is fading short trades as breakouts are happening on the bullish side. For bears, only hope remains that $1308 may act as a hurdle as its a key area on the chart but they have lost momentum again.
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Bullish view – Bulls finally overpowered the bears this time and conquered the psychological $1300 with a show of force of a massive $22 daily bar. Bullish bets were aided by a weaker dollar along with supportive fundamentals of higher gold prices. The long term trendline was held and the prices cannoned from there which was widely anticipated given the global setup. For bulls more gains lie ahead till the supports are held and higher highs continue to be achieved.
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5150 (2019-01-28)
Gold had a nice big weekly green bar which points towards yet another breakout from a consolidating triangle/range. This time its comparatively smaller to the ones happened in weeks before but nonetheless it is music to the ears for the bulls. The momentum is back with the bulls with the trend getting deeper. We have 2 scenarios –
1. Gold closed above the important $1300 mark, till the support is held it can move till $1308. If this is crossed it can rally till $1318. Once this is taken out it can cruise towards $1327.
2. Short trades once again seem to have lost the shine as Gold broke out on the upside. Though they can be helpful if Gold is unable to get beyond $1308.
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.
5150 (2019-01-28), jellybelly2017 (2019-01-28)
Gold reclaimed $1300 after eight months in an expansive week breaking out of the triangle which it had got stuck in the current month. The week was first big green candle of 2019 where gold posted gains of $22 on the back of a falling dollar setting the momentum back for the bulls. A closing above $1300 itself is a very bullish scenario keeping aside the fundamentals which is ticking the boxes for a higher gold and a lower dollar price action mainly attributed to rising demand for safe haven and a looming recession viewpoint given the global fundamentals which is pointing towards a slowdown.
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.
5150 (2019-01-28), jellybelly2017 (2019-01-28)
: Gold
Trend is : Buy
Resistance and supporting level of this pair is :
Resistance level of this pair is:
1# Resistance is: 1304.21
2# Resistance is: 1306.47
3# Resistance is: 1308..65
Supporting level of this pair is :
1# Supporting is: 1299.63
2# Supporting is: 1297.14
3# Supporting is: 1295.62
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.
5150 (2019-01-28), FA148P (2019-01-28), falcon0077 (2019-01-28), forex612 (2019-01-28), jellybelly2017 (2019-01-28), khalid11 (2019-01-28), SA153P (2019-01-28), Shahzada (2019-01-28), Unregistered (1)
Technical analyse Gold
today current rate Gold > 1301.27
resistance level 1> 1303.14
resistance level 2 > 1305.74
resistance level 3 > 1307.98
support level 1 > 1300.14
support level 2 > 1298.54
support level 3 > 1296.36
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.
5150 (2019-01-28), falcon0077 (2019-01-28), forex612 (2019-01-28), khalid11 (2019-01-28)
Currency pair is : Gold
Trend is : Buy
Resistance and supporting level of this pair is :
Resistance level of this pair is:
1# Resistance is: 130541
2# Resistance is: 1308.31
3# Resistance is: 1311.52
Supporting level of this pair is :
1# Supporting is: 1299.32
2# Supporting is: 1296.63
3# Supporting is: 1293.21
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.
5150 (2019-01-28), forex612 (2019-01-28), jellybelly2017 (2019-01-28), Unregistered (2)
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