Some ideas for XAU/USD

FX:XAUUSD   Gold Spot / U.S. Dollar
526 0 4
I don't trade GOLD             because GOLD             is very hard to trade. It's very difficult to understand what dynamic drives GOLD             price.

Gold             price moves opposite with dollar, when you consider gold             , you must consider USDOllar             index too.

In this topic, I just show some interesting matter regarding to GOLD             . that's Fib channel which Tradingview provided.

I draw on the chart, GOLD             price respects this channel greatly. It reaches step by step fib channel and use those channels as support and resistance .

Moreover, gold             also respects FIB retracement level too.

Thus, gold             traders could use those lines to trade gold             .

In my opinion, GOLD             will continue to decrease because US stock keep going t o rally causue of good prospect of US economy.

All problems connect to FED. If FED taper QE3 to 35-40 billion. That is a big problem and that is the signal for strong buying GOLD             .

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out