Category Archives: GOLD

GOLD testing resistance and Fibo 50%. Price Action analysis

Gold is testing resistance at 1213 which is also Fibo 50% level. It has been a really strong resistance so far and had been recently rejected three times already. Most probably Gold will be going down now until it reaches Fibo 38.2% level at 1197. So at this level we are setting up our Take…
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GOLD: overbought, possible strong downtrend

On GOLD last week we could be observing the same situation that happened on EUR/USD. GOLD became highly appreciated and we can even consider it as overbought. In that case we can open a sell position with Take Profit at 1286 (local support/resistance) and Stop Loss at 1328 (local resistance with previous short-term uptrends). Stay…
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GOLD: resistance has become the support

Technical Analysis on the Gold Forex Trading, 14/10/13-19/10/13.¬†On H4 chart on GOLD, we can see a strong signal to go SHORT. Let's take advantage of the long-term resistance 1273 becoming now the support. Stop Loss at 1285.   Stay tuned this week for Free Forex Signals via SMS for your best Forex Trading.
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