Gold ka 1 bahut strong resistance lagta hai 1550 pe...waise to is point kop todna thoda mushkil hai lekin agar gold iske upar nikal gaya to fir iska down trend itnio easily nahi aayega..
So for gold i would recommend you guys to wait and watch
Thread: Gold
Gold ka 1 bahut strong resistance lagta hai 1550 pe...waise to is point kop todna thoda mushkil hai lekin agar gold iske upar nikal gaya to fir iska down trend itnio easily nahi aayega..
So for gold i would recommend you guys to wait and watch
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predictions for the day.
trading is risky if no analysis is done
Gold - is the currency pair we will be focusing on
major low levels also known as supports 1618.44
major high levels also known as resistance - 1634.94
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Gold isn't finding takers in Asia despite the overnight drop in the US equities and the losses in the Asian stocks. The Dow Jones Industrial Average fell by over 1,200 points on Thursday, confirming its worst four-day losing streak since the 2008 financial crisis. Meanwhile, at press time, major Asian indices like Nikkie, Hang Seng, Kospi, and the Shanghai Composite are down 3% to 4.3%.
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UET (2020-02-28)
GOLD Trend is sell
1 Resistance :1554.35
2 Resistance :1529.76
3 Resistance :1494.24
1 Supporting :1468.32
2 Supporting :1433.73
3 Supporting :1373.29
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UET (2020-02-28)
Hello everyon,
Now at the time my technical analysis has been changed,because there is some flexibility seen in the movement of thread,about 3 hours ago there was average trend but now at the time i confidentially say that there is buy trend in the market.
So,no need to think about it just make trade with buy.
If you want to trade with your own strategy then go for it.
Sometimes your own suggestion brings good result.
If you see last 6 hours chart there was sell trend and the market went down.
But now at the time market is going up.
So,that is why i recommended to trade with buy trend.
Thank you..
Please click thanks if u like my post.
Best of luck for your trade.
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UET (2020-02-28)
as we can see from the chart , the pair has succeeded in breaking 1800.00 and reached 1824.00 , so that's mean the up trend is still standing and the pair might head to 1850.00 and the 1870.00
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kal k hi uptrend ko market continue kar skta hai kuki market meh kafi upward strong movement thi kal or kafi buyers ne dominate kara hai ,
halaki abhi ek support level pe jisko market ache se test kar rha hai agar ye level break hota hai toh defintely strong up movement dikhegi is pair meh.
I predict this pair have bullish direction
I suggest to take LONG position today
time frame that is considered while making support and resistance levels – use Daily and Weekly time frame, consider the daily economic news before taking the trade.
money management is very effective for getting profits with stop loss and take profits method with current trading position.
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Intraday gold: target at 1625.00.
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* Pivot point: 1649.50
Our preference: short position below 1649.50 with targets at 1634.50 & 1625.00 in extension.
Alternative scenario: in excess of 1649.50, aim for a further increase with 1660.00 & 1671.00 in sight.
Comment: the RSI is mixed with a limited bearish bias.
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Gamechanger2020 (2020-02-28)
Trend represents one of the most essential concepts in technical analysis. All the technical analy- sis tools that an analyst uses have a single purpose: help to identify the market trend.The meaning of Forex trend is not so much different from its general meaning - it is nothing more than the direction in which the market moves. But more precisely, foreign exchange market does not move in a straight line, its moves are characterized by a series of zigzags which resemble successive waves with clear peaks and troughs or highs and lows, as they are often called.
As we mentioned above, forex trend is comprised of a series of highs and lows, and depending on the movement of those peaks and troughs one can understand the trend’s type on the market.
Though most people think that foreign exchange market can be either upward or downward, actu- ally there exist not two but three types of trends:
Uptrend Downtrend Sideways
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.
Bindas36 (2020-03-01), Mehboob bhai (2020-03-02), Unregistered (2)
Forex is a short-term trading market, where a trader aims to derive the profit from the price rate fluctuations. The maximum duration of a trade on Forex is several months, while on the stock market it may last for maximum 5-7 years. The foreign exchange market is decentralized. Various banks trade on it using different software. Most individuals simply cannot enter the interbank Forex market, as the standard trade volume here varies from $100,000 to $1 million. A dealing centre acts as an intermediary between the bank and the trader.
Money management is very effective for getting profits with stop loss and take profits method with current trading position. Remember there are risks in forex trading field so be active and be careful.
If you want become Successful Trader In Forex so could the hard work and get a knowledge and experience about forex trading.
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.
Gamechanger2020 (2020-02-28)
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