Gold Recommendations Today: Gold stabilizes after strong gains during yesterday's trading


 The best entry points buy entry to a buy position from the present levels or the simplest levels above at 1858.09 Put the stop loss point below the support levels 1850.07. Move the stop loss to the entry area and continue the profit because the price moves by 30 points. Close half the contracts with a profit adequate to 30 pips and leave the remainder of the contracts until the strong resistance levels at 1877.48. the simplest entry points are to sell a trade entry from the amount below the amount of 1845.40 on the 60-minute time-frame. the simplest point is to put the stop loss above the amount of 1850.10. Move the stop loss to the entry area and continue the profit because the price moves by 20 points. Close half the contracts with a profit adequate to 25 points and leave the remaining contracts until the support levels of 1819.88 gold analysis


 Gold prices stabilized during early trading on Tuesday after wide jumps yesterday, amid news stimulating the increase of the valuable metal, the foremost important of which was the escalation of tensions between us and China and therefore the follow-up of investors to the likelihood of adopting the stimulus law thanks to Corona injuries spread within us.


 In news of the stimulus package and therefore the prospects for passing the deal, the White House chief economic adviser, Larry Kudlow, said that the prospects for an agreement on additional economic subsidies "are improving", adding that the agreement is "getting closer."


 Kudlow indicated that the US economy is "much stronger" than the newest jobs report. However, he revealed that the virus-related threats to V-shaped recovery remain.


 Commenting on Joe Biden's selection of the new Treasury Secretary, Janet Yellen, Kudlow insisted that it had been "a good selection . Yellen won't recommend raising taxes next year," he told the Washington Post.

On the technical level, the worth of gold is trading above robust support for the hourly time-frame, as gold is currently trading at 1828.41 levels.


 We expect gold to continue rising from the present price, even with a get back the support levels 1858.15 and 1851.44, respectively, as each race represents an honest opportunity to shop for.


 We note that the predominant expected trend for the valuable metal is to rise, especially with a large amount of cash printed within the stimulus programs around the world. ... Please adhere to the numbers within the recommendation with the necessity to take care of the capital management.




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