According to descending pattern the gold price may continue to fall.
It could reach around $ 1433.00 which mean that price is range of descending and also fibonacci 61.8% level at weekly chart.
However,gold price can only fall when dollar index (DXY) rises above 93.51.
Now, we can set stop loss and buy at support zone.
But it also could lead to break out condition.
Just after the breakout, the entry position have to be changed immediately as the following price range.
As it is a margin trading market, the investors are advised to do trading only after systematically protecting for the losses. We are constantly sharing these pricing reviews to our investors as well as via online.
For every investor who wants to take profit while living at home and now is the time to learn.
The young and innovative or mature investors can learn about the world gold market from basic foundation to technical analysis.
Analyzed By Linn
Contact:09264389896
Viber :09264389896
#GOLD #Commodities #Technical
It could reach around $ 1433.00 which mean that price is range of descending and also fibonacci 61.8% level at weekly chart.
However,gold price can only fall when dollar index (DXY) rises above 93.51.
Now, we can set stop loss and buy at support zone.
But it also could lead to break out condition.
Just after the breakout, the entry position have to be changed immediately as the following price range.
As it is a margin trading market, the investors are advised to do trading only after systematically protecting for the losses. We are constantly sharing these pricing reviews to our investors as well as via online.
For every investor who wants to take profit while living at home and now is the time to learn.
The young and innovative or mature investors can learn about the world gold market from basic foundation to technical analysis.
Analyzed By Linn
Contact:09264389896
Viber :09264389896
#GOLD #Commodities #Technical