Trading news


Posted on May 14, 2015 10:24


Since our last analysis, gold has been trading upward, as we expected yesterday, the price tested the price level 1206 with high volume and target 1218 also crossed the third daily resistance level 1216. Strong demand has been observed yesterday.
Ichimoku cloud is indicating strong bullish behaviour for this metal. Tenken sen has crossed kijun sen in h1 graph, above then the clouds and the slope is positive till now. Chikou span is above then the hourly candles. Senko span A is above then the senko span B and the clouds color and direction turned in to bullish direction.
Supposedly, a bearish correction in a form of candlestick pattern in h4 graph, yesterday last candle was a hanging man and today first candle closed in bearish. If the current candle closed in bearish, then an assumption can be created, that gold will try to hit 1208( today pivot level).

Monday, 25 May, 2015 / 12:26

Note: Company News is a promotional service of the Directory and the content isn't created by Finance Magnates.

Source :

Trading news


Intraday Market Analysis – Breaking All-Time Highs

GER 30 resumes uptrend ger30 With the fear of reflation now taking a [...]

Posted on Monday, 19 Apr, 2021 / 1:20 under

UK ILO Unemployment: Is The Pound In Trouble?

Recently, the pound has been on the backfoot after surging forward during most [...]

Posted on Monday, 19 Apr, 2021 / 1:19 under

Crude Oil in the Consolidating Phase

On Monday, April 19th, Brent is trading without any particular direction not [...]

Posted on Monday, 19 Apr, 2021 / 12:08 under