Gold signal

A good day for our gold signals subscribers. I asked them to buy this precious metal yesterday itself. In fact in my today’s gold update i recommended to buy in dips to my readers. Lets see what xauusd signal i gave to our subscribers.

Buy Gold at 1303.30$ with stop loss of 1296.30$ for target of 1311$.

Xauusd fired and made high exact 1311$. Our subscribers exited with more than 75 pips profit. My clients made nearly $750 per lot profit in this trade.

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Currently xauusd trading at 1310$. Good resistance as said in today’s update gold resistance at 1312$. Once traders break and sustain above 1312$. Then expect good rise till 1318$- 1326$.

Support now stands in gold chart at 1302$, If traders break and sustain below 1302$. Then expect good pressure till 1297$- 1290$ and even more pressure below 1290$ not ruled out.

Conclusion: Currently Comex Xauusd trend is positive but we have Fed meeting outcome tomorrow which will set the course of gold price for upcoming days. We already have lower than expected Non farm job numbers which may result in more dovish fed. If fed shows more dovish stands in its tomorrow’s statement then expect more firepower in gold prices.

More will update to our paid subscribers.

By marafat