Gold could go back down - page 17

New comment
 
INDIA:
Trading has never been easy, but allow us to make trading experience a bit easier for you. Here's No Deposit Bonus, which is designed to bolster your capital. All clients may receive a no deposit bonus of up to $300! Referring to the term itself, no need to deposit any amount of money just to avail this bonus. Just try our superb platform with ease and without experiencing any investment risk. Profit is available for withdrawal as well.
    All new Forex Mart clients can claim this bonus in three easy steps:
    1. Open a live account.
    2. Make a deposit.
    3. Apply for bonus.
    Should you have other questions, get in touch with us. We are more than pleased to assist you. May figures and trends find your way up!
Come on : stop the BS
 
Gold is being rocked. Expecting change of trend
 
I think it's too early to talk about a reversal to the downside.
 
Gold prices moved lower on Thursday following the decision of the BoE to keep rates unchanged.  The central bank is expected to provide stimulus at its August meeting according to the statement released at the time of the decision. Gold was weighed on as another round of risk-on dents the yellow metal's safe-haven appeal.Prices were unable to recapture resistance near the 10-day moving average at 1,350.  Support is seen near an upward sloping trend line near 1,300.

Momentum has turned negative as the MACD (moving average convergence divergence) index generated a sell signal. This occurs as the spread (the 12-day moving average minus the 26-day moving average) crosses below the 9-day moving average of the spread.  The index is printing in the red with a downward sloping trajectory which is pointing to lower prices for the yellow metal.
 
Forex Mart is world's new trusted Forex trading partner, Forex Mart offers different partnership packages to maximize your profits and establish your presence in the industry.
Advantages:
- Unparalleled trading conditions for clients
- 5 types of Partnership
- High affiliate commissions
- User-friendly interface and extensive statistics
- Complete marketing tools
- Personal affiliate manager

Start your Forex trading experience with Forex Mart. Enjoy competitive rates, glitch-free trading platforms, and instant trade executions.
* Minimum Deposit of 1 USD / 1 EUR / 1 GBP / 1 RUB
* Clients funds are separated from our assets
* No debt
* Comprehensive educational materials
* Currencies: USD, EUR and GBP
* 24/5 Customer Support
Create a live account today.

Unparalleled Customer Support
We put much importance on your trading convenience. Our customer support is open 24 hours a day and five days a week to accommodate your Forex trading concerns and needs.
 
The USD/CAD pair fell significantly during the course of the day, but at this point in time we still see quite a bit of support just below, extending all the way down to the 1.2650 level. With this, and the fact that the oil markets don’t necessarily look healthy at this point, I believe that sooner or later we will see a turnaround in this market. We obviously won’t yet, as we are closing towards the bottom of the candle, but a supportive candle below is a buying opportunity as far as I can see.
 
Gold is testing the support at 1326. If it breaks below that level it could reach 1300.
 
Even if the gold is in bearish mode, traders can make some good money by selling it short.
 
xs2riz:
Even if the gold is in bearish mode, traders can make some good money by selling it short.


Traders don't care whether they're buying or selling, as long as it's done in the proper place.

 
Bearish on Gold.
1...10111213141516171819202122
New comment