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  • GOLD: The commodity remains weak and vulnerable to the downside after it reversed its Friday gains on Monday. On the downside, support comes in at the 1,270.00 level where a break will turn... GOLD: The commodity remains weak and vulnerable to the downside after it reversed its Friday gains on Monday. On the downside, support comes in at the 1,270.00 level where a break will turn attention to the 1,260.00 level. Further down, a cut through here will open the door for a move lower towards the 1,250.00 level. Below here if seen could trigger further downside pressure towards the 1,240.00 level. Conversely, resistance resides at the 1,290.00 level where a break will aim at the 1,300.00 level. A turn above there will expose the 1,310.00 level. Further out, resistance stands at the 1,320.00 level. All in all, GOLD looks to weaken further as it looks to resume its short term weakness.

    http://www.fxtechstrategy.com/wp-content/uploads/2017/11/XAUUSDDaily-1.png
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  • Yes, yuanju a big thank you for such a graceful answer:D

    We always appreciate this pair and another one is JPY and NZD:D
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  • gingin2606
    gingin2606 just registered on the site
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  • Oil and Gold, both are equally profitable:D

    If you margin by commodity, Gold is more profitable than Oil.

    If you judge by commercial use then Oil is more important than Gold.
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  • Cybertron
    Cybertron replied to a discussion, Your Ambition in Forex
    Not a bad choice either, the person who are more successful than the Forex Trader are the Forex Brokers. But you will need to build up a good reputation to ensure your success.
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