PRICE
GOLD
COMMODITY
1,553.32 USD 3.87 (0.25%) 10:03:33 AM EST MI Indication*
INTRADAY 1W 1M 3M 6M YTD 1Y 3Y 5Y 10Y MAX
5/26/2019
Thread: Gold
PRICE
GOLD
COMMODITY
1,553.32 USD 3.87 (0.25%) 10:03:33 AM EST MI Indication*
INTRADAY 1W 1M 3M 6M YTD 1Y 3Y 5Y 10Y MAX
5/26/2019
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Gold
Market trend Bearish
Supporting 1571.50
Supporting 1566.23
Supporting 1557.65
Resistance 1588.89
Resistance 1594.19
Resistance 1602.73
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is incorporating a potential reversal at this moment. Wait for a retest at the first level of resistance to receive the best potential entry.
An ABC Zigzag to hit the daily fibonacci fan trend line.
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The daily chart shows that the 20 SMA crosses the 55 SMA, a bullish signal. The positive tone around the euro will remain intact as it holds above 1.1340, the 200-day SMA meeting and horizontal resistance. Below that level, correction can increase, but must find support above 1.1300
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.
The daily chart shows that the 20 SMA crosses the 55 SMA, a bullish signal. The positive tone around the euro will remain intact as it holds above 1.1340, the 200-day SMA meeting and horizontal resistance. Below that level, correction can increase, but must find support above 1.1300
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
With a huge intraday turnaround the gold bull run is being massively retraced now. Having spiked early yesterday up to $1610, gold retreated over -$50 into the close, but is seemingly not stopping there either. This has left a big shooting star candlestick. Coming at the end of a huge run higher, the corrective potency of this candle will now be a big concern for the bulls. For a couple of days now we have been wary of exhaustion signals that could usher in a correction in gold. We now have then in full view. The gap at $1553 has been filled (but not closed yet) but as we move into the European session today the selling pressure is resuming. This is driving sharp signals on RSI (below 70 is a basic sell signal) and a bear cross on Stochastics. A closing below $1553 today would mean the next corrective targets come in at $1536 and $1518. The bulls need a response and the hourly chart shows resistance now $1553/$1561.
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Gold
Forex trading is best for investors who want to earn good profit. Before trading we must understand the supporting and resistance level of trading. The support and resistance level educate us for markit trading up or down so we can trade sell or buy and get huge benefit in trading.
We also know about the movement of price up and down in down because of news. News of donald trump is most important. About USA and Chaina trades.
I have also make trading about these analysis of moving arevages. Parabolic SR.
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GOLD
Trading is best for everyone who wants to earn money for their own business. Pivot point, Resistance level and support level is most important to understand before trading. Resistance Level shows markit is going up so buy is best for traders and Support Level shows market is going down so it is best for sell trading.
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Gold
Market trend Bearish
Supporting 1571.51
Supporting 1566.23
Supporting 1557.63
Resistance 1588.89
Resistance 1594.17
Resistance 1602.75
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Pair: gold
Today indicators shown bearish down short terms trend.
Pivot Point : 1566
Supporting Levels:
Support 1: 1540
Support 2: 1545
Support 3: 1547
TREND: BULLISH
Resistance Levels:
Resistance 1: 1560
Resistance 2: 1563
Resistance 3: 1570
When today the market is opened then showing down and supporting levels are also available here its not remain here this pair because h4 telling here up side that is down trends.
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