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  1. #1
    Senior Investor itu's Avatar
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    Default Technical Reviews for Gold and Silver (March 2018)

    GOLD (XAUUSD)
    Dominant Bias: Bearish
    The market has been showing weakness since last week (price dropped more than 1200 pips last week alone). A bullish attempt was made on February 26, but the attempt was later halted as price dived again, laying more emphasis on the recent bearish bias. Price is intent on going further southwards, and there is a possibility that the support levels at 1310.00, 1300.00 and 1290.00 would be tested. These are initial targets that could even be exceeded, when selling pressures on the market increases. The resistance levels at 1340.00, 1350.00 and 1360.00 should hinder meaningful bullish attacks along the way.

    SILVER (XAGUSD)
    Dominant Bias: Bearish
    Silver is a rough but bearish market. In January, the market consolidated as bulls were making unsuccessful effort to push price upwards. In February, the market went far lower in the first few days of the month, and again, consolidated for the rest of the month. Nothing significant has been done this month, but the general outlook on the market is bearish. A movement below the demand levels at 16.2000, 16.1000 and 16.0000 (which could possibly be exceeded), should make the Bearish Confirmation Pattern in the market become more conspicuous. There are supply levels at 16.7000, 16.8000 and 16.9000.


    Source: www.tallinex.com
    Buy and sell Perfect Money/Payeer/Epay/Neteller/Skrill: www.ituglobalfx.com.ng

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  3. #2
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    Default

    I prefer short time trading from the very early age. As a scalper I need to close my trade within 10 to 15 pips. Thatís why I need to select those pairs which are faster in movement. Gold is like a pair which moves fast and gives me quick feedback. As a scalper I am comfortable with Trade12 broker. Because I can execute a trade in the exact place because here I have superior fast execution and smart bridge technology indeed.

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