Gold: A conservative view to go long.
We can see gold perfectly broken the falling wedge pattern and closed below a very important resistance level 1555. Recent rally shows a very positive demand for gold. But analyzing the previous prices to me 1564-1555 zone will work as a resistance zone. We can expect some retracement towards 1532 level. A successful break above 1564 level will give us opportunities to the level 1589 or 1590 level.
In case if there is no retracement, still we should wait to see a break above 1564 for perfect entries. The overall gold is in bullish mode.
Safe trading. Also, analyze US and IRAN situations because this will have a major impact on GOLD.
Regards
Abid Hossain
Chief Analyst Real Forex MM
I do not even understand how I finished up here, however I believed this post was once great.
I don’t recognise who you are however certainly you’re going to a famous blogger in case you are not already.
Cheers!
Great site you have here but I was wanting to know if you
knew of any community forums that cover the same topics discussed
here? I’d really like to be a part of online community where I can get suggestions from other knowledgeable individuals that share the same
interest. If you have any suggestions, please let me know.
Thanks!
This is my first time pay a visit at here and
i am really impressed to read all at alone place.
Thanks. You will get more valuable content on a weekly basis.Stay with us.