Gold Analysis for March 4, 2019 ... Buy with
Stop Loss
Gold is currently moving in line with the
scenario we expected on March 1, as gold has already fallen towards the 1290
areas, creating a clear sell-off pattern influenced by profit taking before the
close and some positive signs from the US
However, according to the scenario we have
written, we have a clear probability that the last drop will be corrective and
gold could test the 1313 and 1322 areas again this week. This is a positive
sign that gold will target the 1400 areas that have long been missed
Technically, we are still trading below the 50
and 25-hour averages on the 4-hour chart but we also have a positive shift on
the RSI as we trade within the main gold support areas so we recommend not
selling from the current levels and we can start buying now
Trading Recommendation
Buy gold from current 1293 zones with stop loss
at 1280
Take profit at 1322 and 1330
With a pending buy order of 1280 with a stop
loss at 1250 and a profit gain at 1330
Note that volumes are appropriate for the size
of the account we are trading on
EUR / USD targeting the 1.1420 areas .. safe
buying zones
During last week's trading, the pair made clear
gains, which make us look at the small declines it is currently undergoing as a
corrective retracement before completing its major targets mentioned earlier,
and we identified the areas at 1.15 as a start. In the early trading we notice
that after minor declines we started in casual trading that does not indicate a
clear direction For the husband
Technically, the pair is currently at the
highest support level at 1.1314 while the RSI is neutral but we are trading
above the 50-day average, which is a positive sign on the pair's ability to
re-target the 1.1420 areas
Trading Recommendation
Buy the pair from current levels 1.1364 with a
stop loss at 1.1293 and take a profit at 1.1420
Placing a pending order at 1.12940 with a stop
at 1.1272 and a profit at 1.1420
Note that volumes are appropriate for the size
of the account we are trading on
My recommendations and analysis can
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