GOLD GOING TO 700

GOLD GOING TO 700

24 November 2015, 04:45
forexintel
2
42

With the gold price ranging in the past few days, the level 2 set up is slowly turning into a SELL set up. As the gold price was near the day's opening price and near high ZZ in M15, closed the BUY orders and entered SELL orders. The way it is looking, the gold price seems to be on a downward fall to 700 without any upward retracement. I have used the margin level up to 200% as it is a demo account. If it is a live account, keep it well above 3000% at least as there could be a spike to 1112, but it seems more remote with every passing candle.

 

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