Establish a status of buying with gold precious metal

In the trading session yesterday precious metal had 1 day gained from 1746 to 1765, ending the day with a gaining candle around 1762.

With many candles withdrawing foot on the day chart for the past 3 days - Currently on the H4 time frame we can see the golden precious metal is plagued around 1765, this is also MA20 on the day's chart and according to my ability to have a small adjustment here. 

The gold price area can be adjusted to be around 1755-1758. Here we can establish a status of buying with gold precious metal with safety goals 1765 and expect 1775.

Follow us to always know the science of  Forex Trading as well as the latest updates on technical analysis & fundamental analysis https://www.forexadviseclub.com/


Comments

Post a Comment

Popular posts from this blog

When is the Canadian monthly jobs report and how could it affect USD/CAD?

Image
  Canadian employment details overview Statistics Canada is scheduled to publish the monthly employment details for July later this Friday at 12:30 GMT. The Canadian economy is anticipated to have added 20K jobs during the reported month, up sharply from the 43.2K decline reported in June. Meanwhile, the unemployment rate is expected to edge higher to 5.0% in July from the 4.9% previous. Analysts at TD Securities (TDS) are more optimistic about the report and explain: “We look for job growth of 38k in July, driven by a partial rebound for trade services and natural resources after their sharp decline in June. Full-time hiring should lead the increase, while stronger labour force participation should keep unemployment stable at 4.9%. We also expect to see wage growth firm to 6.0% y/y in July, although AHE (Average Hourly Earnings) should slow on a m/m basis.”
Read more

Bailey speech: Will not comment on Conservative leadership candidates' plans

Image
  Bank of England (BoE) Governor Andrew Bailey is delivering his remarks on the policy  outlook  and responding to questions from the press following the bank's decision to hike the policy rate by 50 basis points to 1.75%. Key takeaways "BOE will not comment on Conservative leadership candidates' plans." "BOE has a very clear mandate of price stability." "Consequences of Russia's actions in Ukraine have a serious economic impact." "Political pressures have been very well managed since BOE independence." "I have not abandoned the narrow path analogy for UK policy outlook." "A number of central banks have a similar narrow path to tread." About Andrew Bailey (via bankofengland.co.uk) "Andrew Bailey previously held the role of Deputy Governor, Prudential Regulation and CEO of the PRA from 1 April 2013. While retaining his role as Executive Director of the Bank, Andrew joined the Financial Services Authority in Apr
Read more
Image
  "The Federal Reserve is going to have to do more with interest rates but details depend on the flow of data in coming months," Atlanta  Fed President Raphael Bostic  said on Friday, as reported by Reuters Additional takeaways "The country is not in recession, but the real question is whether current conditions are creating hardship, inflation needs to be addressed." There is still more work to be done on bringing demand and supply into balance." "Rate hikes could hurt job growth, but so far seems there is momentum for continued hiring." "Possible to control inflation while limiting the number of families who have really bad outcomes." "The US is a ways from a recession, though concerned that recession fears could become self-fulfilling." Market reaction These comments don't seem to be having a significant impact on the greenback's performance against its rivals. As of writing, the US Dollar Index was down 0.25% on the day
Read more