XAUUSD Gold Future insight technical analysis for November 14, 2017

XAUUSD Gold Future insight technical analysis for November 14, 2017

  • expect an attempt to test the level of 1285

  • Expect the acceleration of the fall

  • GOLD assumes an attempt to test the level of 1285

CURRENCY TRADERS XAUUSD Gold Future insight Quotes of GOLD XAU/USD continue to move within the framework of the «Triangle» model. At the moment, we should expect an attempt to test the level of 1285 and continue the fall in gold prices below the level of 1240. In favor of falling quotations, XAU/USD will test the resistance line on the indicator of relative strength index (RSI).

XAUUSD Gold Future insight technical analysis for November 14, 2017

Canceling the variant of falling prices for GOLD will be a breakdown of the area of 1300, which will indicate the outflow of quotes outside the Triangle model and the continuation of the growth of XAU/USD Gold above the level of 1325. Expect the acceleration of the fall as the breakdown of the lower boundary of the «Triangle» and closing below 1265, which will indicate the output of quotations outside the model.

Gold prices edged lower on Friday, still weighed by the previous session’s upbeat U.S. economic growth data, although hawkish

XAUUSD Gold Future insight

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assumes an attempt to test the level of 1285 and the continuation of the fall with the target near the level of 1240, the cancellation of the variant of falling prices for GOLD will break through the level of 1300.

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Commodities Buyers and Producers

The sale and purchase of commodities is usually executed through futures contracts on exchanges that standardize the quantity and minimal satisfactory of the commodity being traded. As an example, the Chicago board of trade stipulates that one wheat agreement is for five,000 bushels and also states what grades of wheat can be used to meet the settlement.

There are sorts of traders that change commodity futures. The first is customers and producers of commodities that use commodity futures contracts for the hedging functions for which they were first meant. Theses buyers truly make or take delivery of the actual commodity while the futures agreement expires. As an example, the wheat farmer that vegetation a crop can hedge towards the hazard of dropping money if the charge of wheat falls before the crop is harvested. The farmer can promote wheat futures contracts while the crop is planted and guarantee a predetermined price for the wheat at the time it’s far harvested.

Theses traders in no way have the desire to make or take transport of the real commodity while the futures agreement expires. Among the futures markets are very liquid and have an excessive degree of each day variety and volatility, making them very tempting markets for intraday buyers. A number of the index futures are utilized by brokerages and portfolio managers to offset threat. Additionally, since commodities do now not generally exchange in tandem with equity and bond markets, some commodities can also be used correctly to diversify a funding portfolio.




COMMODITIES: (CRUDE OIL) (SILVER) (GOLD)



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Jadtecnic

Richard Dambrosi (JADTECNIC) Has Been Sharing FOREX INVESTORS ANALYSIS FORECAST since 2011. Editors and Founder of InvestorsBuz.com, has a passion for Forex Social Sharing analysis and Market Trends Such as Self Driving Cars, Electric Cars, Medical Marijuana, 3d printing and Cloud computing, Refers to Readers as BUZ INVESTORS.

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