ads Banner
Link https://www.cryptoder.com/en
Ads Banner
ForexFunction Logo

"Forex trading involves a high level of risk"

GICM Banner
 Market Comments |  Technical Indicator Signals |  Cross Pair Rates |  Live Spread |  Live Charts |  Daily Pivot Points

Gold: Sell on rallies | October 31, 2018



Print PDF

Gold -0.45% is trading slightly weak and lost more than $25 from high of $1243.It is trading slightly below 89 day EMA on account of strong US dollar 0.03% and rising 10-year US bond yield.

The major three factors that drive gold -0.45% prices

  US dollar 0.03% Index: Bullish . DXY 0.03% is trading higher and broken major resistance at 97. The index jumped till 97.06 and is currently trading around 97.04. Any close above 97 confirms major trend reversal and jump till 98/98.45 likely ( Slightly negative for gold -0.45% ).

 USD/JPY: weak . The pair has recovered more than 150pips from low of 111.37 and is currently trading around 113.27. The near term resistance is around 113.47 (61.8% fib) and any break above targets 114/114.55. Slightly negative for gold -0.45% .

 

US 10 year yield : US 10 year yield is trading higher and jumped more than 3% from low of 3.05%.It is currently trading around 3.14%. Slightly negative for Gold -0.45% .

 

US 2 year yield: It is trading slightly higher after hitting low of 2.782%.The spread between US 10 year and 2 year has reduced from 33bpbs to 28bpbs.

  Gold -0.45% technical

Major support $1183



Major resistance - $1240

 The yellow metal has declined almost $25 after hitting high of $1243 on account of strong USD .On the higher side, major resistance is around $1220 and any break above $1220 will take the commodity till $1229/1236 .It should close above $1243 for bullish continuation.

The near term support is around $1215 (55- day EMA ) and any violation below will drag the commodity down till $1211/$1204.

 It is good to sell on rallies around $1220-22 with SL around $1228 for the TP of $1200.



Submit Your Comments:

 Forex Trading VPS


FOREX FUNCTION MEMBERSHIP

FX PREMIUM SIGNAL & AUTOCOPY
Email & Twitter SMS Alert | Secured & Errorless Auto Copy | Support All Broker & Account Types | Premium eBooks, Analysis & Strategy | Custom Risk Management

Plan NameBuy LinkEmail AlertTwitter
SMS Alert
Signal Auto
Copier EA
Free VPS
(1-3 Months)
Monthly Target
(Minimum)
Price
(Montly)
Price
(Quarterly)
Price
(Semi-Annually )
Price
(Annually)
Setup
AUTO COPY Subscribe NowYes Yes Yes Yes*
(Min 3 Month Subscription)
500+ Pips $25 23$ 20$$15Via Live Support
SIGNAL ALERT Subscribe NowYes Yes No No 500+ Pips $14 12$ 9$$7No Need
CashBack View DetailsYes Yes Yes Yes 500+ PipsFree Free FreeFreeVia Support

FF FOREX VPS
Windows 2008/2012 | Server Location Amsterdam, France, Canada | Low Latency From Brokers| Super Fast Trading Experience | All types of EA supported | 3 Days Money Back Guarantee

Plan NameBuy Link CPU RAM Disk BandWidth Price (Montly)Price (Quarterly)Price (Semi-Annually )Price (Annually) InstallationBackUpSetup Fee
Economy buy now2 Core 756MB 15GB 1TB $6.50/M$6.20/M$5.90/M $5.50/M MT4 Pre-InstalledYesFree
Standard buy now 2 Core 1GB 25GB 1.5TB $8.50/M$8.20/M$7.90/M $7.50/M MT4 Pre-InstalledYesFree
Premiumbuy now 2 Core 2GB 40GB 2TB $16/M$15.50/M$15/M$14.50/M MT4 Pre-InstalledYesFree
Advanced buy now4 Core 3GB 60GB 2.5TB $26/M$25/M$24/M $22/M MT4 Pre-InstalledYesFree
Professionalbuy now 4 Core 4GB 80GB 3TB $33/M $32/M$31/M$29/MMT4 Pre-InstalledYesFree
Business buy now 4 Core 6GB 100GB 4TB$46/M $45/M$44/M$42/MMT4 Pre-InstalledYesFree
Platinum buy now 4 Core 8GB 120GB 6TB $59/M $58/M$57/M$55/M MT4 Pre-InstalledYesFree
Diamond buy now 4 Core 12GB 180GB 8TB $89/M $87/M$85/M$81/MMT4 Pre-InstalledYesFree

***We accept Neteller, Skrill, MasterCard, Paypal, Payza, Perfect Money, Webmoney !