Gold

http://financeroll.co.id/wp-content/...2013/03/24.png

XAUUSD wait and when the rebound back through support at 1582.67
take the position in 1582.65 to sell 1576.65 target
and stop loss at 1586.65, up to 1567.32 possibility of bearish targets.

Gold analysis for 03.05.2013 by using pivot indicator.

r3: 1597.27
r2: 1590.73
r1: 1582.07

pivot : 1575.53

s1: 1566.87
s2: 1560.33
s3: 1551.67

in the h4 chart the cci is move out from the oversold area. but it is having the resistance 1614.00 that may be not break. long trade are good if this level is break. the price is hold at the support level 1560.00 we will wait for the long entry with breaking resistance and can hold to the 1674.00

I think that now we can safely gold watch to buy because the price came close to a very important and strong support level (continuous slope), the last few hours, and the price has fallen so much, I do not think that the bears have the strength to break through the first strike this mark (1571 + -), and the potential of the north is not bad, my profit until 1582, still below 1579.

http://charts.mql5.com/1/115/gold-h4...nies-group.png



we can see in the 4h chart

the pair can not close down the broken up trend line

I see the pair will go to up way to 1579.40

stochastic refers that the pair will go up

so our target buy from 1578.40 and our target will 100pips

Good luck

After the good news of ISM, gold made a little down yesterday. It is going up again to retest the SMA 50. The level 1583 is a key resistance, too. So, I think the price will be down in today's session.

http://s3.postimage.org/emxp316lf/Gold.png

GOLD analysis for March 06,2013 based on daily median

Upwards scenario:

If price move above 1574.53 expected target are:

R1 : 1578.80
R2 : 1582.40
R3 : 1586.00

Downwards scenario:

If price move below 1574.53 expected target are:

S1 : 1571.60
S2 : 1568.00
S3 : 1564.40

• Gold firmed slightly on Tuesday, dividing the initial rise as demand for the safe haven is depressed as the Dow Jones industrial average recorded its highest level of economic optimism pushed equities rally. • Platinum rose sharply due to recent strikes in the mines of South Africa sparked fears of supply.

• "As long as equities keep hitting new highs, investors are not going to look toward gold. The focus is on equities right now and it does not seem to be toward safe havens, "said Howard Wen, metals analyst at HSBC.

in the h1 time frame the price is moving in a channel pattern. the upper side resistance of this channel is 1583.30 and lower side support is 1563.00 there is no clear signal of trend by macd but stoch is moved into the overbought area. so it will again try to move support side then will up and break the resistance.

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