Technical Analysis of Commodity GOLD: Buying Pressure

In this blog post, we are carrying out Technical Analysis of Commodity GOLD which is showing Buying Pressure.

After heating all our previous 3 targets, Gold is still having Buying Pressure.  As shown in the Technical analysis chart for Commodity Gold for buying, traders are continually buying after it has crossed the critical levels of 1,366.1 and 1,375.3. The price peaked at 1,366.1 after buying in the month of January 2018 as shown in the monthly chart. The price peaked at 1,375.3 after buying in the month of July 2016 as shown in the monthly chart. Seeing these 2 levels getting surpassed, the Buying Pressure has been intensified.

To evaluate the Buying Pressure for Gold, we have drawn standard error channels as:

1. from the swing low of December 2015 and

2. from the swing low of December 2016. These 2 powerful channels are still very much valid.

At the time of writing this blog post, Gold for buying is trading at the Buying Pressure level of 1,415.8. Now the previous 2 swing highs at 1,366.1 and 1,375.3 have become it’s recent supports.

From our predictive price analysis, the price objectives for Gold if you are buying, can be found as below:

  1. 1,421.2 price level,
  2. 1,433.8 price level,
  3. 1,509.7 price level.

You can also trade like a pro and do a predictive technical analysis in any of the asset classes, you want to consider for buying, when you are trained by us.

You can learn how to trade Commodity Gold for buying as a commodity or currency with us to explore the possibility of earning passive income keeping your day job. Commodity Gold Market can be traded through our proprietary technical analysis Method of Market Analysis as an trading instrument.

Our Proprietary Commodity Trading Strategy will guide you through Our Powerful Market Analysis Method every step of your trading in a commodity like Commodity Gold for buying and explore the possibility of earning extra income. Learn what all other Commodities we are Trading in our Commodity Trading Asset Class. Develop yourself as a professional trader capable of capturing extra income in the future with us.

To know how to Trade these type of Markets through Our Prop Trading Method in future, please book your 30 minutes FREE session with us at Level 3, 2 Brandon Park Drive, Wheelers Hill, Victoria 3150.

Please click on the Contact Us link: Goo.Gl/2SRZoG

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