MG Network

something big isHappening!

In the mean time you can connect with us with via:

Copyright © Money Grows Network | Theme By Gooyaabi Templates

Money Grows Network


Powered by Blogger.

Welcome To Money Grows Network

Verified By

2006 - 2019 ©

Investments in financial products are subject to market risk. Some financial products, such as currency exchange, are highly speculative and any investment should only be done with risk capital. Prices rise and fall and past performance is no assurance of future performance. This website is an information site only.



Expert In



Trading signals for GOLD for August 09 - 10, 2021: Sell Below $1,750


Gold fell to its lowest level at 1,680, a fall of 83 dollars compared to the opening price. Then, in a few minutes, gold was trading near 1,740. This type of back and forth movement is called a flash crash.

A highly volatile movement of gold was registered at the opening of the market this week. What could be considered as a very strong and sudden movement, called a flash crash, often turns out to be a back and forth movement that happens in a few seconds or minutes and after which prices often return to the same point or recover more than 50% of their initial movement.

According to the 4-hour chart, gold has fallen to the 2/8 zone of Murray located at 1,687. This level represents strong important support, from where the gold rose to the resistance zone of 4/8 Murray in a matter of minutes.

The 4/8 Murray zone has now become immediate resistance. If gold consolidates below this level, a drop is expected to the 3/8 Murray zone located at 1,718.

On the contrary, upon a break of the key level of 1,750 and consolidation above the 4/8 Murray line, gold is likely to continue the technical rebound and could reach the level of 1,781.

The Eagle indicator that measures the volume and volatility of the market gave a bearish signal several days ago. Now it is in the oversold zone, therefore a rebound from the low of 1,718 will be a good opportunity to buy.

Support and Resistance Levels for August 09 - 10, 2021

Resistance (3) 1,784

Resistance (2) 1,774

Resistance (1) 1,746


Support (1) 1,729

Support (2) 1,711

Support (3) 1,700


A trading tip for GOLD for August 09 - 10, 2021

Sell below 1,750 (4/8) with a take profit at 1,718 (3/8) and a stop loss above 1,760.

The material has been provided by InstaForex Company -