sadia1403 Trading journal

[Hande]

Gold end of the week

Gold try to go up but before touching strong resistance it come back to level of 1460. Now due to strong condition of Gold it seems that gold hit at least 1428 in this week as per my analysis its best time to sell till 1438 with out any confusion.

Yesterday I have read the technical analysis of the analyzer of the Insatforex and according to him the Gold is in the bearish channel at the weekly time frame and the 1450 is the strong support that will decided it's next long term movement and if the Gold will brake the 1450 support than it will continued the sell off movement and it's target's will be the 1430-1370.

[OfficialMA]

Gold end of the week

Gold try to go up but before touching strong resistance it come back to level of 1460. Now due to strong condition of Gold it seems that gold hit at least 1428 in this week as per my analysis its best time to sell till 1438 with out any confusion.

I agree with your point of view that gold is looking short now but I am expecting that on Monday it can make little correction before further continuation of the selling trend. I will be looking for the retest of the 1465-68 resistance level and from those level I will look for further short opportunities on this pair for long term target below 1438 support level.

[Zeref]

Gold end of the week

Gold try to go up but before touching strong resistance it come back to level of 1460. Now due to strong condition of Gold it seems that gold hit at least 1428 in this week as per my analysis its best time to sell till 1438 with out any confusion.

this GOLD pair also appeared to be moving up and down by limited om because when I saw it from the H4 timeframe it also turned out that prices did tend to sideways up and down with a limited range. Indeed, when I made an analysis using Fibonacci retracement support it turned out that the price managed to breakout the 100 fibo level, but after that the price moved bearish even deeper again.

[Klausfx44]

Gold end of the week

Gold try to go up but before touching strong resistance it come back to level of 1460. Now due to strong condition of Gold it seems that gold hit at least 1428 in this week as per my analysis its best time to sell till 1438 with out any confusion.

Well gold go for little up and touch the 1480 level and touch the support of 1445 level in the last week. So these support and resistance level are strong enough to hold the market i hope now it will again reverse in bullish side at the start of week the if market break the 1480 level then it will go for more high and touch the 1510 level and if market break the support of 1445 level then it will go for more in sell.

[Kapok]

Gold end of the week

Gold try to go up but before touching strong resistance it come back to level of 1460. Now due to strong condition of Gold it seems that gold hit at least 1428 in this week as per my analysis its best time to sell till 1438 with out any confusion.

We don't see any price in gold in which we feel about gold struggle to go up as just last Price action was happening due to negative data of usd news which we see in last week but at Friday we see positive data for USD and that shows its impact on market immediate and with that one gold fall 1460$ and now closing of gold market is very good and all seller are again excited to see price below 1438$ once 1438$ break we see price 1422$ and so on down.

[saad500]

Gold end of the week

Gold try to go up but before touching strong resistance it come back to level of 1460. Now due to strong condition of Gold it seems that gold hit at least 1428 in this week as per my analysis its best time to sell till 1438 with out any confusion.

Dear trader i am also agree with your analysis as you say about this pair will go to down side and we should to take the entry on this pair to down side so you have also taken the good entries on this pair and i hope it will go to down side for the long term as it is moving to down side so keep it up and keep to make the good analysis thank you for sharing your idea with us...

[Mehak48]

Gold end of the week

Gold try to go up but before touching strong resistance it come back to level of 1460. Now due to strong condition of Gold it seems that gold hit at least 1428 in this week as per my analysis its best time to sell till 1438 with out any confusion.

Price raised $5 after market open and formed another bullish candle on daily chart, if its able to break the 1551 then we see some quick rally toward all time high, Hold on buy order till all time high.
Gold
suporting levels are here:
support 1) 1462
support 2) 1456
support 3) 1447
Ichimoku trends giving selling signals
THE RSI movement of this pair is moving with high frequency on SELL signal.
StdDew & Mcad are main factors which also giving the SELLYing signals.