FA: The short-term downward pricing in gold is believed to be its maximum bearish for this year, hitting $1232.93 per ounce. This movement is due to the destabilization of dollar giving the prices of gold the struggle to compete for higher value. Despite its downtrend, many investors expect greater bullish in the price of gold to be $1300 per ounce on the first quarter of 2019. The successively decrease in the price of cryptocurrency gave a significant contribution to the growth and demand for Gold which was consolidated by Stephen Innes, the head of trading for the Asia Pacific region at foreign exchange when he stated that the price drop of major cryptocurrency, Bitcoin will urge the price rise of Gold.
TA: I have set an Resistance and support level might be a pattern or stop loss and take profit. according to the Fundamental in a long term , gold is in bullish trend.
TA: I have set an Resistance and support level might be a pattern or stop loss and take profit. according to the Fundamental in a long term , gold is in bullish trend.