Forex Signals Live Gold Prices up $50

Forex Signals Live - Gold Prices | gold-price-05-01-2017

Forex Signals Live Gold Prices up $50

Forex Signals Live Gold Prices | Forex Signals Live – Gold Prices up $50 by FxPremiere Group Forex Signals Live News Group:

  • Gold Fundamental / Technical Strategy: Intermediate-term short-term bullish levels seen.
  • After a decline by more than $211 in the five weeks after the presidential election, Gold prices are up over $50 in the past three weeks.
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We looked at the bearish levels that moved Gold prices to a dceline by more than $211 in the five weeks after the Presidential elections. Price action in Gold was oversold, and stayed at a higher low level as forex signals traders looking to take part in the buy move would likely want to wait before chasing the forex signal setup by FxPremiere Group. Gold in the last 30 mins have moved up by more than $50, breaking several points of resistance along and now on a short term chart Gold prices are looking towards a sell. Forex Signals Live Gold Prices.

Forex Signals Live Gold Prices | gold-daily

Forex Signals Live Gold Prices gold-daily

To Forex Signal traders watching only short term charts, Gold Price band level seen below could be attractive for bullish trend forex signals strategies. Forex Signals Live Gold Prices.

Forex Signals Live Gold Prices | gold-price-05-01-2017

Forex Signals Live Gold Prices | gold-price-05-01-2017

Given the context of the two above observations, traders would likely want to continue to classify Gold as bearish but in a current state of consolidation or re-tracement. After Gold prices had become so incredibly oversold in the month of December, a 23.6% retracement of that move could easily be classified as short-covering that’s squeezing other shorts as prices move-higher. Forex Signals Live Gold Prices.

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