19 years in trading
Yesterday the gold price reached the highest levels since beginning of December 2012. with high at 1747.45. The current crisis with COVID 19 boosted the precious metal more and more week by week, but with huge declines in March. That’s how the precious metal fell in the middle of the March from 1703 to 1450 in hard selloff. The reason
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Retail traders, have you noticed spread on gold recently? Sure you are, I’ve noticed in one moment more then 80 (800 gold) pips, but in the last couple of days, the biggest spread in my broker were 40 (400 gold) pips. What’s going on now when everything was normal for weeks, even when the price was moving intraday up/down for
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After amaizing rally in December 2017, gold opened 2018 at 1302.90. As buyers continue tu push price furder, gold reached the high price of the year 1358.46 in early 2018 at January 24. That level becomes the strong resistance which buyers couldn’t break for weeks, after which sellers took over the precious metal in middle April. Until middle August gold
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Here is the latest data of the largest gold holders by the end of 2017 in metric tons. The Nr.1 is still United States with 8,133.5 tons of gold, followed by Germany in 2nd place with 3,373.6 tons of gold and International Monetary Fund (IMF) with 2,814.0 tons of gold in 3rd place… …In 4th place is Italy with 2,451.8
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Gold opened 2017 at 1250 and in the same week reached low of the year at 1246. During the middle of the year, 1300 and 1200 was levels of resistance and support, after which gold reached a top of the year at 1357 on September 08. The fall has started returning the precious metal at 1260, with 1300 again as
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For 8 trading days in a row the buyers are reaching the new high on gold, slowly breaking the resistance level at 1260/65 and reaching the new one at 1272 today. Is this all for 2017 or they will push the precious metal even higher, we will see, but it looks like they have returned the lost teritory. From this
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The only support which we have pointed on December 07. in between broken 1260 and 1205, the 1240, stopped the free fall on gold in the beginning of this week. The buyers were strong and they didn’t gave up until FED’s rate hike decision. On decision from FED to hike rates from 1.25 to 1.50% they have pushed the precious
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After huge daily falling flag (October/November) in which gold was driven as a roller coaster, sellers have finaly decided to go lower in December. As we can see, strong support at 1260/65 is broken today and that level is 61.8 fibo return from July 10. (1204.75) > August 09. (1357.44) growth. Weekly MA100 at 1256 is broken today as well
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It’s a 3rd time that the bulls have reached the resistance level at 1290/95 in 2017. First time they have been rejected in April, second time in June and it will be interesting to see how this 3rd attack will end. In the previous week, they have been stopped again at 1292 and in this week, the bears have pushed
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I must write something about my favorite gold spot price, as I am looking at this terrible decline in November. The precious metal simply crushed after the US elections and it seems like there is no end of this fall. Can the sellers erase all gain in 2016 in December and return the price in the beginning? Well, it’s a
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Tough two weeks for golden bulls as US dollar buyers are serious in the market. That’s why the precious metal has almost licked 1200 today, with low of 1202.75 for now. That level is defended during the european sesion and gold rebounded for more then 120 pips, reaching 1216, where the sellers have took over once again, pushing the price down at 1209.
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I am following gold and this move true the ascending triangle and I try to predict what might be the next move here. As it looks like, the buyers are in control in the last four days, but it’s not a rule that the move could be on their side, it could be slide as well if this up trend line will
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For the beginning of this artilce, all I can say is wooow! I warned of the danger before the US presidential elections and I didn’t want anything to analyze, it’s obvious that I was right. The latest moves on gold was brutal for everyone in the market and for all those traders who decided to trade, especially on the election day and this
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Forex Trader 