Monday, 13 July 2020

Daily Gold Market News & Analysis

📝 Commenting on Gold July 13, 2020:

️ About news:
- Speaking to Fox Business Network Mr. Trump said: "I fully support the mask". Mr. Trump added that he "likes" his appearance when wearing a mask, which looks like the Lone Ranger. This has been unprecedented since the outbreak of the disease and at least Trump has changed and will positively impact his previous supporters.
- In addition, from my subjective point of view, we are entering the days of being considered the peak of an epidemic. And if further vaccine progression will bring positive signs in disease control.
- This week there will be US economic data will also be published such as CPI, industrial output, retail sales, unemployment benefits ... if this index continues to show In the extreme, DXY will be supported and GOLD will have corrections this week.

About techniques and personal views:
- I still keep my opinion as Friday morning analyzed as last week, Today Gold can retest the 1803 -1806 price zone to reduce points again and the target is also the Gold support zone on 1788 - 1781. .
Specific strategies have been updated.

(Show the gold price when analyzing at 1803.5)

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Saturday, 11 July 2020

Why Should You Invest in Forex Market in 2020?

Global pandemic COVID-19 is an unprecedented health issue that has already affected almost all the economies around the world. The employees are transitioning to remote work in order to maintain social distance and lockdown protocols.

There has been a huge shift in business operations and they have exposed all the companies and stock markets to great uncertainties. This has lead to an increase in volatility across financial markets.

To accommodate these volatile markets during this global pandemic, adapting your trade plan and focusing on daily forex signals is essential to meet your investment goals. May investors are also looking for live tips in order to make quick and fruitful decisions.

We have compiled some forex tips that will give you a plan to make a good investment in the forex market in 2020.

#1. Implementing Stop Loss Orders

stop loss order

Since the beginning of March, daily moves between 100 to 300 pips have been recorded on EUR/USD. It is one of the accurate forex tips to execute protective stop-loss orders in order to prevent excessive losses and margin calls.

Not even during current situations but also under normal market conditions, a stop-loss order is an essential risk-management tool. A prudent trader will also try to protect gains or at least use a trailing stop to prevent a winning position to turn into losing position.

#2. Employ Leverage

Many traders employ leverage in order to maximize earnings. In forex trading, higher leverage leads to higher profits. But it is a two-sided coin so we suggest you to focus on daily forex recommendations.

It is important to adjust your leverage as per the movement of the market price.

 #3. Focus on Trade Duration

It is essential to be plugged into the latest news and track your open positions in these unprecedented times. Although for many traders it is impossible to monitor all this 24/7. That is the reason many of them are choosing to liquidate the positions before the close of each trading day.

We recommend you to subscribe to daily forex tips in order to get important tips in a single click.

#4. Equity Risk

In parallel with leverage, many traders are also considering equity investments. Many stock markets have crashed due to the global pandemic which is the reason many stocks are trading at undervalued prices. Traders who are willing to take certain risks are making investments in these undervalued shares to diversify their portfolio.

#5. Orders

There are two types of orders that are used in the forex market.

A market order that is executed immediately at current market prices.

Limit order is executed when the specified limit price is met. These orders protect you from risk as they are not triggered unless conditions are met. This saves you from market volatility.

Final Word

Covid-19 is having a dramatic effect on financial markets. Therefore it is prudent to manage your financial risk and implement proper strategies in this challenging environment.


Wednesday, 8 July 2020

Todays GOLD Market News & Analysis

📝 Comments about GOLD on July 8, 2020:

‼ ️ About news:
 - New cases continue to rise, leading the United States to 
surpass 3 million people and reach 12 million globally, putting enormous pressure on hospitals, accompanied by the closure.  Interim State Headquarters in Sacramento to conduct disinfection process.  Besides, the rise of cases will put pressure and hurt the economy more seriously and there will probably be more stimulus measures to support the economy to overcome difficulties.  This has caused the dollar to fall back, gold rose yesterday.

 ‼ ️ About techniques and personal views:
 - Yesterday, Gold continued to break down the zone of 1787,1789 to move up to 1797 as analyzed yesterday.  This is also a sign that the Gold price will continue to increase to the higher area of ​​1820 as shown.  Today the mainstream will be the buy watch for Gold when Gold makes a correction this Asian session,
 - In this Asian session, we can sell short-term down to GOLD from the current price of 1794 until 1785. When gold reaches this price range, we will wait to establish a buy status for Gold.  The ideal regional expectation to establish a buy position is 1779-1783.
 - The daily support zone of the gold is 1779-1783.  The target for today is 1804 and beyond is 1820.

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Monday, 8 June 2020

Top Gold Profit Tips Ideas in 2020

The corona virus pandemic has crippled economies around the world. Oil prices have crashed, economists are unsure of US dollar strength. Parallel to this global market sees high demand and a short supply of gold. This is due to the fact that many investors are switching to gold in order to hedge their investment.
The old analysis and signals that we gave you a week ago have also shown similar results in the market. The prices are going up and down with many fluctuations so watch carefully gold tips as people have lost money due to this volatility.

Gold Basic Analysis Old Week Overview

  • The gold prices have reached a new high. This is due to the US-China tensions that have increased the possibility of large budget deficits in the US economy

  • Also the gold prices have shown relative stability due to the support of the quantitative easing policy of the US Federal Reserve.

  • Although the US Federal Reserve chairman has overshadowed the prospect of bringing back the interest rate to negative. It is for sure that quantitative easing will continue in the future keeping the interest rates in zero zones.

  • Increasing US-China tensions have deteriorated causing great uncertainty in the market. The Us president has affirmed that if he now serves his relations with China, they can save up to USD 500 billion.

  • The demand for gold went up as this is a safe haven investment preferred by most investors in this uncertain situation.

You can plan your gold investment strategy by backing up your decision with the following research conducted by our experts
In this W-chart, we can clearly see that gold has closed at a relatively bullish phase. Gold is still supported by investors despite US-China tensions escalating and the possibility of large deficits of the US economy. Historically, gold prices rise when the US dollar depreciates. So, they both have an inverse relationship.
At the moment, it is still risky, therefore we remind everyone to wait for gold trading recommendations before making any investment decisions.
In this H-4 chart, two yellow areas show the support areas for the gold price to go up whenever there is a signal. In order to give a safe entry point we will analyze the direct signals from the market that you can refer to. You can subscribe to our paid signals for regular updates.

Future Gold Analysis

(Gold Technical Analysis – Old Week overview and overview for upcoming week)
 The gold prices show a positive signal ahead. The prices as on May 18th increased to a record-breaking rate of 1763.
As we have analyzed, the economic data released from the US continues to be bad as many people are losing jobs, lockdown implemented has slowed down the businesses, retail data published by the US shows a downward trend. As the growing US-China tensions have aggravated the situation. Trump administrations have been constantly pointing out China for the spread of the virus.
All this has led to uncertainty in USD demand and therefore more people are hedging their investment by investing in safe haven such as gold.

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