sell gold at the level 1574.5 with targets at 1555.1 and 1538.8, but in case of breaking the level 1585.7, then buy above this level with targets at 1607.3 and 1646.3
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sell gold at the level 1574.5 with targets at 1555.1 and 1538.8, but in case of breaking the level 1585.7, then buy above this level with targets at 1607.3 and 1646.3
After created new low today, the price rebounce. So, i think we can use buying plan right now and try to spotted 1584 as the nearest target in H1 graph. In case price can breakdown 1569 then it might continue fall to 1561.
Gold analysis for 02.25.2013 by using : pivot indicator.
r3: 1617.87
r2: 1601.03
r1: 1588.27
pivot : 1571.43
s1: 1558.67
s2: 1541.83
s3: 1529.07
Our preference: Bearish setups within 1571.75 – 1586.95 with targets @ 1555.00 & 1542.14 in extension.
Alternative scenario: Above 1586.95, watch for bullish setups with 1596.64 as target and 1609.50 in extension.
Comment: Gold price remains moving within the confluence zone. Hourly stochastic is overbought. 20 MA and 50 MA are flat on hourly chart.
http://www.tradewindowfx.com/wp-cont...3-10-04-41.png
The gold price is trying to gain confirmation for strong uptrend by breaking barrier 1586. It would be better for long position from now and set the target at 1596. If the price failed to breakout then we can consider for selling plan after breakdown 1582. (time frame H1).
buy gold at the level 1585.20 with targets at 1607.70 and 1622.16, but in case of breaking the level 1578.13, then sell below this level with targets at 1562.38 and 1547.95
Gold analysis by using : moving averages.
time : 12:45 GMT.
time frame : 15 min
ema5 : 1591.70 signal-sell.
ema10:1591.42 signal-sell.
ema20:1590.22 signal-sell.
gold price level resistance 158.75
the upward tendency will likely rest of the day unless they return the price without 1584.75 and the level break,s the level 1576.50
Our preference: Bullish setups within 1584.10 – 1594.40 with targets @ 1603.50 & 1609.50 in extension.
Alternative scenario: Below 1584.10, watch for bearish setups with 1575.82 as target and 1567.86 in extension.
Comment: Gold price is moving upward. Hourly stochastic is overbought. Note: a bearish rising wedge formation is emerging on hourly chart.
http://www.tradewindowfx.com/wp-cont...3-10-22-33.png
At this time gold is at 1595.50 and it is downward trend,so i suggest it to sell this at this point with stop loss 1596.90 and take profit of 1591.40.now its best time to earn profit.best of luck.