TheBanker
Long

XAU/USD Market Analysis and Trading Tips 6th July 2016

FX:XAUUSD   Gold/U.S. Dollar
5 months ago


Overview:

The Gold             markets rally during the course of the session on Tuesday to the level of $1370. At this point in time, we strongly believe that market is on its bull rally and ready to go higher. The Gold             market sentiment is still positive. The main trend of Gold             is bullish on charts and and market is sustaining above the 100 days moving average on its 4 hourly chart. It is having important resistance level at significantly psychological number at the level of $1400 and support level at the level of $1340. On its 4 hourly charts, MACD is sustaining in its positive territory and RSI is sustaining in its buying zone indicating the upcoming bearish trend in the oil             prices. On intra day basis one can go for buy on lower level strategy.

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4 months ago
Trade closed manually: stopped at b/e
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fali4209
4 months ago
Hey buddy you done any analysis on xagusd?
Reply
JPariz fali4209
4 months ago
maybe silver will be better than this gold trade :(
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