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Thread: Gold Analysis!

  1. #1
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    Gold Analysis!

    Hello Forex Community! Hope you enjoyed live trading of last week! Yes, last week we got so many important moves like EUR/USD! By the way, here I was going to share my opinion on Gold Metal! Basically, gold metal is far away from daily support level (@ 1317.8) . So, not sure will this level touch once again or not! Yes, it’s an up trend, you see an intraday levels worked very well, maybe market can retest this intraday resistant area then again the same direction! Happy trading.


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    Quote Originally Posted by Steve nison View Post
    Hello Forex Community! Hope you enjoyed live trading of last week! Yes, last week we got so many important moves like EUR/USD! By the way, here I was going to share my opinion on Gold Metal! Basically, gold metal is far away from daily support level (@ 1317.8) . So, not sure will this level touch once again or not! Yes, it’s an up trend, you see an intraday levels worked very well, maybe market can retest this intraday resistant area then again the same direction! Happy trading.

    What’s the intraday support/resistant level you are talking about? Support level @1332 and Resistant level @340.00 ? Or anything else?

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    Quote Originally Posted by Ricard Dorman View Post
    What’s the intraday support/resistant level you are talking about? Support level @1332 and Resistant level @340.00 ? Or anything else?
    Nice, you have quoted the perfect S/R levels! In this case, support level can play a vital role! Let’s see.

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    Thank you very much for your analysis! I am also interested to buy gold right now! But according to my understating, the possibility of holding on intraday support level is below 30%. Because, it’s just an intraday level nothing else! I might be try from the daily level @1317.

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    I don’t think it’s good choice for right now! Because, last week we got almost 380+ buy move! So, I think this week will be for the sellers! Look at the last daily candle sellers are on the track! In order to my market analysis, this week bulls will be failed!

  6. #6
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    I am a new Forex trader! Till now I am trading with only major Forex currencies! So, I am not interested on gold right now! It would be better if you share any analysis on EUR/USD or USD/JPY! I am not sure about EUR/USD, last day I lost 120 pips here, I was with a sell trade and I got my SL! Very frustrating.

 

 

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