Gold signal
A good day for our Comex Gold signals subscribers. I asked them to buy xauusd yesterday. We were holding our buy position since yesterday. Xauusd fired and my subscribers exited on target. Here is our gold signal which I gave to my subscribers.
Buy Gold at 1277.30 with stop loss of 1270 for target of 1284.70$. Xauusd fired and we exited at 1284.30$. We did not wait for exact target as we had GDP numbers from US today. We made nearly 70 pips profit and fetched approx $700 profit per lot in this trade.
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My comex clients holding silver buy too. We will book profit in xagusd trade too very soon.
Currently gold price trading at 1286$. As said in today’s gold analysis, xauusd resistance stands at 1285.50$. Its sustaining above this level so its a good indication market has turned table and looking positive for now.
Despite good GDP numbers from US and yearly high made by Dollar Index. Gold is trading higher which shows how much confidence gold buyers have in precious metals now. Immediate resistance on xauusd chart stands at 1292$. If traders break and sustain above 1292$ then expect good rise till 1299$- 1307$ today.
Support now stands at 1276$. If market break and sustain below 1276$. Then expect good pressure in this precious metal till 1270$- 1262$.
Currently gold trend is positive for now. So avoid any major selling and look to buy in dips.
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