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gold advise
Member Since Oct 11, 2013
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Member Since Jul 10, 2014
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Aug 03, 2018 at 17:12
Member Since Jul 10, 2014
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Gold bounced off from $1,204 but next week there may finally be a breakout below $1,200.
Member Since Jul 10, 2014
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Aug 06, 2018 at 17:09
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The precious metal is still testing the support at $1,204 but considering how bearish it is it will likely break out below it.
Member Since Aug 06, 2018
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Aug 07, 2018 at 15:51
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NotyaBusiness posted:
Gold is still in "Up" mood.
Why do you think so?
Member Since Aug 06, 2018
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Member Since Jul 10, 2014
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Aug 08, 2018 at 17:19
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NotyaBusiness posted:
Today it hit 1,217. Still +0.16% at the moment.
It's still consolidating sideways below $1,215 though.
Member Since Jul 10, 2014
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Aug 09, 2018 at 16:35
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Consolidation continues for now, there may not be a breakout below $1,200 this week.
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Aug 10, 2018 at 16:45
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Consolidation did continue today and it will likely last into next week.
Member Since Jul 22, 2013
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Member Since Oct 11, 2013
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Member Since Jul 10, 2014
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Aug 13, 2018 at 13:46
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Gold briefly broke out below $1,200 today, the move to the downside will likely continue.
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Aug 14, 2018 at 16:49
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The move to the downside continues, next target is likely at $1,180.
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Aug 15, 2018 at 17:54
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Gold reached $1,175 and found some support at that level but it will likely continue moving to the downside.
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Aug 24, 2018 at 20:17
Member Since Oct 11, 2013
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Bullish breakout on gold. Gold tried to complete a breakout-pullback pattern on the daily chart, around the 1200 level, but it couldn’t continue falling after yesterday’s session. Today the price of gold breaks above the 1200 level and accelerates its bullish momentum. The breakout comes after the FED’s chairman, Jerome Powell, said that rates will go up slowly. His comments caused the Dollar to retrace to the downside and gold to rally, due to the negative correlation between those two instruments. In case of continuing higher, gold may reach the 55 day EMA at the 1230 level. To the downside, the low at the 1160 level could act as support.


Member Since Oct 11, 2013
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Aug 28, 2018 at 02:08
Member Since Oct 11, 2013
769 posts
Gold is losing its bullish momentum around the 1209 level, but it it continues rallying, then the 55 day EMA around the 1226 level could act as resistance. To the downside, its closest support is the 1200 level, followed by the low at the 1160 level.
Member Since Oct 11, 2013
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Aug 29, 2018 at 23:59
Member Since Oct 11, 2013
769 posts
The price of gold stays above the 1200 level after bouncing to the upside from the low at the 1160 level as shown on the weekly chart. Last week was bullish for gold as the US Dollar was retracing to the downside. The current weekly candle is in the shape of a doji, which is an indecision Japanese candlestick pattern. If gold continues rising, the 1227 level could act as resistance. Below the 1200 level, the low at the 1160 level could act as support.
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Aug 31, 2018 at 18:00
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It's testing the support at $1,200 yet again, but so far there is no signal it will break out below it. A new move to the upside is likely.

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