Gold october 25th 2018 analysis

gold october 25th 2018 analysis

Gold october 25th 2018 analysis

Although yesterday’s ounces of gold rose by 0.27 percent, the technical outlook for the market has not changed. The 4-ounce supply of gold ounces in 1245 .0-1240. 3 is still the best place to enter the transaction. Meanwhile, the four-hour RSI indicator is close to the saturation range, and the price of ounces of gold is approaching long-term resistance. From the weekly chart of ounces of gold, the market is involved with a resistance of $ 1,236.6. This weekly resistance is consistent with the daily ounce of gold at $ 1236.

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Price action strategy

There are two options for entering an ounces gold deal, according to the April Price Action Analysis report. Or you can buy $ 1,408 in gold ounces from $ 1240.3, placing a losing margin above $ 1245.0, or wait for a 4-consecutive downtrend in this range and enter the deal to sell gold ounces with the advent of the signal.

gold october 25th 2018 analysis

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