Printable View
Yes there is a small leap for gold, but in fact I think that the main resistance level will be the 1685 ... this will be a return to the 1720 or the trend again fall below will be decided this is where ... honestly is hard to predict what either side. more .. need at least a few candles, or to see if there are buyers who are willing to pay even more ....?:)))
What I understood from the translation of what you said. let me answer you to not account to a single kind of goods. Market changes an prices goes up and down that why I advise you and myself to not trade only in gold.
Today’s technical analysis
price will break the upper resistance trend line and close about the trend line. now we can see up movement with this pair. In H4 time frame we can see the price will reached in the range of over bough but in price chart there is no clear signal for short. we can hold our long possition till next resistance level at 1700.00
Gold futures traded near a two-week high after the U.S. House of Representatives passed legislation averting income-tax rises for most workers, quelling concern that the so-called fiscal cliff may derail the recovery in the world's biggest economy. Silver, platinum and palladium climbed. Gold for February delivery was little changed at $1,677.20 an ounce at 12:10 p.m. in Singapore, after earlier losing as much as 0.3 percent on the Comex in New York. Futures climbed to $1,681 on Dec. 31, the highest price since Dec. 18, and ended 2012 up 7 percent for a 12th year of gains. The House's 257-167 vote broke a yearlong impasse over how to head off the $600 billion in automatic tax increases and spending cuts that began taking effect yesterday. The Senate had earlier passed the bill 89-8 and it goes to President Barack Obama for his signature.
XAUUSD also on look more bulls. After we see the quite nice bulls GAP on this pair (on yesterday holiday time). Make plan for buy OP is better plan.
opening of trading with gepom and immediately increase toward hepatitis sign ... very large buyer who bought before the start of trading and continued with the opening of this thing ... so that growth to the marks in 1702 is at least and then see how much stronger level. ..
Today(3-1-13 ) pivot point are-
Resistance 3- 1707.27
Resistance 2- 1700.73
Resistance 1- 1693.47
Pivot point- 1686.93
Support 1- 1679.67
Support 2- 1673.13
Support 3- 1665.87
Gold is trying to break the daily pivot level 1687.13, if this level is broken, gold may rise towards 1701.07, but if it fails to break the level, gold may go back down towards 1673.27
long positions at 1685 with 1695 and 1699 as next targets
the breakout of 1680 will call for arebound towards 1670
Pivot: 1680.00 Our preference: LONG positions above 1680 with 1694 & 1702 in sight. Alternative scenario: The downside penetration of 1680 will call for a slide towards 1668 & 1659.