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Gold is always an special pair to the scalpers. They enjoy it more. Our analysis with Fibo tells us that the market is situating at the peak position of fibo. So right now there is a signal to the sellers indeed. So to the sellers the entry point is at 1294.95 and the closing point is at 1275.63.
https://charts.mql5.com/16/852/gold-...orex-group.png
Hi, It seems good analysis of Gold here and It seen you have good knowledge of trading so can you help me in understanding cfd market? If yes then it will be great help for me.
Thanks!
Basically to the scalpers Gold trading is the best choice ever. Because the pair moves fast which help them to take profit within a very short time. As a scalper I also enjoy trading gold more and more. With Trade12 broker the best environment of gold trading with superior fast execution, high leverage, narrow floating trading spread, fluent trading platform and smart bridge technology for scalping and hedging indeed.