SUZAN34

SUZAN34

Gold is experiencing significant buying pressure across charts, while the DX is selling. The resistance lies between $2,295 to $2,300, with above $2,345 as the next target. I'm considering a possible entry at $2,292, but a structure break is required. Despite rejection at the hourly 4 chart's support, gold maintains a short-term bullish bias. If the DX finds...

SUZAN34

First of All thumbs up to all the traders who followed my call to sell gold from 1743-1752 area all the way up to 1680-1670. Currently hedge funds from January has closed massive long positions from 349,946 to all the way up-to 262,774. As a result we can see massive downtrend on gold so far. At the moment Gold had a pretty big crash from all the way from 1752-55...

SUZAN34 Updated 

Gold(xauusd) the yellow metal is one of the most interesting pair to trade in the commodities markets because of its high volatility and big movements. Recently gold has experienced quite bearish trading weeks . Nothing to surprise clash between technical and fundamentals lead gold to have couple of bullish correction trading days. At the moment technical...