Our last short trade on GOLD is still valid.
And looks like the 1st week after EASTER HOLIDAY is going to be a great week for our signals.
Tp1 of our signal on GOLD is getting close now.
This channel is valid to follow in the next few weeks.
Gold could reach 1200 soon on the 1st half year of 2019.
LESS IS MORE!
the market has closed and trading below 1280.0 structure resistance.
After breakout the market has retested the broken structure and now goes lower.
the next support is 1260.0
the second support is 1240.0
XAUUSD is approaching our first support at 1266.27 (100% Fibonacci extension) where we might be seeing a bounce to our first resistance at 1281.19 (61.8% Fibonacci extension). Stochastic is also approaching support.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XAUUSD is approaching our first support at 1266.27 where we might be seeing a bounce to our first resistance at 1281.19. Stochastic is also approaching support.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
XAUUSD is approaching our first support at 1266.27 (100% Fibonacci extension) where we might be seeing a bounce to our first resistance at 1281.19 (61.8% Fibonacci extension). Stochastic is also approaching support.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
we are informing you from months about the possible decline in the precious metal sector and right now what you are witnessing is just a beginning of this fall absolutely not the end. Please, note-We as a GoldSilver-Analyst are involved in precious metal trading since a long time and yes we have seen it all in this market The Good, the Bad and the...
Gold precious metal on the 4 Hours Chart has been in a downtrend since 10 April 2019 when it registered the high price at 1310.602. On 23 April 2019, Gold precious metal recorded the low price of 1266.421. Applying Oscillator Analysis on the price chart, one can notice that price is trading below the SMA 60 period Moving Average line, a fact that confirms the...
In this market update, we take a look at GOLD as price formed a false breakout of the daily lows.
This shows that we could see a short-term reversal in price. With USD at resistance also we
could see a push higher here. If we do see a rise in the price we expect to see a 50% retracement
of the daily impulse move as targets.
After breaking the previous week's low today but closing today's closing price within the previous week, it is expected that a third attempt will be made to trade higher. This should also be rejected so that the correction should be completed and the down trend continues towards 1200 mark.
Looking for a 3rd touch to confirm the downtrend.
will be looking for a sell if the trend line is touched.
recently i have just been only trading gold and US30 without looking at any fundamental aspects, i will be including all aspects this week when analysing pairs.
lets all hopefully secure the bag on this one
Everyday is Money day!
follow my journey on ...
Gold price is widely followed in financial markets around the world. Gold was the basis of economic capitalism for hundreds of years until the repeal of the Gold standard, which led to the expansion of a flat currency system in which paper money doesn't have an implied backing with any physical form of monetization. AU is the code for Gold on the Periodic table of elements, and the price above is Gold quoted in US Dollars, which is the common yardstick for measuring the value of Gold across the world.
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