📕 Comment on Gold on April 25, 2022:

 


📕 Comment on Gold on April 25, 2022:


 - Ending the last trading week, precious metal Gold closed with a bearish candle with quite strong force around 1931 and in the early morning of today Gold continued to decline to around 1921, the price turned around.  exactly the same as the starting point of the rally 2 weeks ago.

 - Gold is currently in the support zone 1917-1920.  It is likely that Gold will recover slightly here after a fairly strong drop last week and in my opinion it is likely that Gold will recover to around the 1940 level here we need to wait and see a sell signal.  .  If Gold cannot recover and break through the 1917-1920 threshold, the possibility of this precious metal will slide down to 1900-1890.

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

yesterday's trading session, precious metal Gold had 1 day of decline from 1990 to 1950

Image
  Comment on Gold on March 15, 2022: - In yesterday's trading session, precious metal Gold had 1 day of decline from 1990 to 1950, closing the day session with a bearish candle with quite strong force and Gold also dropped quite deeply at $121 in terms of price. from the "peak" of 2070, plus in the early morning of this morning Gold fell to the threshold of 1939, so it is not possible to exclude the possibility that Gold will bounce back and rebound. - On the daily chart, Gold is also touching a fairly wide support area and in my opinion the buying plan will be more reasonable than selling. In today's trading session, I expect Gold to recover and gain after a series of days of falling around the 1974 price level. If Gold can surpass this price range, it is likely to increas
Read more

forexadviseclub Expands Trading Services in Canada

Image
forexadviseclub  the brokerage brand owned by StoneX Group, announced on Wednesday that it has expanded its trading services in the Canadian market. Services in the market are being offered by the locally established GAIN Capital- FOREX.com Canada Limited but under its generic Forex.com brand. Its offerings are fully regulated as it is a member of the Investment Industry Regulatory Organization of Canada and also of the Canadian Investor Protection Fund. “Our mission at StoneX is to open markets, and this expansion of our FOREX.com offering in the Canadian market is an important part of providing comprehensive access to the retail investor,” said the CEO of StoneX Group, Glenn Stevens. Last October, the broker started offering its services in the Latin American markets  under a Cayman Islands license. Related content
Read more