Looking at the price movements of gold this
month, we can make sure that the pattern is very clear as gold is trading
within a wide range of bullishness, but we can also find gold has established a
strong support area that can push it higher with each fall exposed to it
The fall of gold and its decline can not be
seen, of course, away from the situation of the US dollar and its adherence to
stay in the top areas of the 1250, despite the presence of the dollar index
within the areas of 96 and 97 gives us only more adhering to the positive view
of the movement of gold in the coming period and confirms that there are fears
The major economies are pushing them to enter into the process of increasing
possession of gold all the time, which keeps the survival of gold within those
areas, despite the temptations of American stocks and indices
If we analyze what we see technically we come
out with one result that we are dealing with gold is always a strong support at
1280 followed by immediately strong support has not been visited long ago at
1250, while there have been persistent attempts over the past two months to
exceed the top of the 1345, a focal point for gold exceeded It is pushing it
directly towards the 1400 areas, which in turn represents a practical confirmation
of gold's insistence on the beginning of a cross-section within a new range we
have tested years ago but may be rebounding in the coming months by setting a
trading range between 1400 and 1550 so consider the 1400 point as a return of
the model and range An old trading we have already traded Les
Gold needs only some bad news from America and
some deflation and loss of appetite for investment from Europe with little
Russian and Chinese desire to increase holdings of gold to reach those areas as
we see conditions will be achieved and may even get a quick push from the
United States in a crisis waiting The US president is facing the Democrats
either because of the issue of Russian interventions in the elections or for
any other reason, but it is certainly coming and is not delayed by the results
and economic data provided by Donald Trump, who confirmed that his economic
policy has caused a decline in unemployment and helped to In a positive
economic clear and fast, which makes him not pay attention to what the
Democrats try, but any failure may be exposed to the US President will open all
the old files and adds new
For traders, they can always trade comfortably
in their daily trading, but within a narrow range and with strict capital
management, they can trade and sell within a maximum of five pips (a high risk
trading range)
As for traders in the investment transactions,
they can take every drop of gold towards the areas of 1285 and below to open
deals with the target for parts of the contracts on the areas of 1312 - 1320 -
1340 - 1400
Taking into account that the investment trading
model mentioned will be more suitable for large investment funds than it is
suitable for individual traders
My recommendations and analysis can
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