Hello Traders!
Our past forecast came true.
Gold is in the falling channel and now the price is at the resistance level of 1488, from where I forecast a fall to the level of 1474 and after a small pullback the price will continue to fall to the level of 1460
Hello dear precious metals friends, hope you're doing well guys! ;)
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If...
XAUUSD is approaching its resistance at 1486.95 where it is could reverse down to its support at 1458.90.
*Disclaimer.*
Trading leveraged products carries a high level of risk and may result in you losing substantially more than your initial investment. Pepperstone Group Limited is licensed and regulated by the Australian Securities and Investments Commission...
Trade with criteria , I already mark on chart.
Now Long is R/R better than Short.
But everthing can happen with Gold.
Only have plan A,B,.... to fight back.
as I told some follower in chat.
sorry if i answer late in chat but I will try my best .
^_^
*** Risk management is important than signal or entry/exit point.
At the time of publishing this research report, Gold is trading at $1488 and silver is at $17.50.Gold dropped more than 1% on Friday which make the prices plunged from $1510 to $1480($30 move). The Donald J.trump tweet on Friday had a significant impact on the market in which he showed optimism ahead of his meeting with Chinese Vice Premier Liu He at the White...
GOLD found resistance and already rejected it for two times. Last week it broke the last lows and had a nice drop. If it retest the last support as resistance and show rejetion on it shorts can be taken until the last low.
Quick post to highlight first possible resistance here.
1490/91 could be a "support turned resistance" zone.
Break above that zone could run to $1498.888 (awesome target for Asian market)
My apologies for the sloppy chart.
I had hoped to post earlier and cleaner.
I will post a better road map soon.
London Open is here and what happens at these zones could...
We are looking at some major DOWNTREND. US has made a deal with China making USD strong. Also as we can see that pattern has reversed and is going low. LL, and LH has been spotted. Lets see how it plays out. This is not a signal or a call for trade.
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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