Gold

Our preference: Bearish setups within 1572.25 – 1586.45 with targets @ 1564.80 & 1555.80 in extension.

Alternative scenario: Above 1586.45, watch for bullish setups with 1593.95 as target and 1602.95 in extension.

Comment: Gold currently is in consolidation mode. Hourly stochastic has crossed down. However, 20 MA and 50 MA are flat on hourly chart.http://www.tradewindowfx.com/wp-cont...3-11-16-41.png

Gold has touched and has been rejected by the support level at 1573.13. Although basically Gold has a potential to go up and reach the resistance level at 1583.88, if Gold can fall and break 1573.13 support level, Gold will continue falling to the next support level at 1562.34.

Gold analysis by using : moving averages.

date : 03.06.2013
time frame : 1 hour.

ema5 : 1576.38 signal-sell.
ema10:1576.83 signal-sell.
ema20:1577.09 signal-sell.

time : 09:25 GMT

Gold touched and bounce off the 8 period moving average.
If Gold cannot trade above this average then Target 1 will still be in play.
A break above the average would possibly give warning that a HL is about to put in and could give encouragement to the bulls to push Gold to the area of the last LH.

Trend = Short
Ambush Zone = 1619.30 – 1656.55
Target 1 = 1554.60
Target 2 = 1526.85
Stop = 1684.80

Gold analysis for 03.06.2013 by using pivot indicator.

r3: 1597.73
r2: 1591.87
r1: 1583.33

pivot: 1577.47

s1: 1568.93
s2: 1563.07
s3: 1554.53

Trading gold has been popular throughout history, once considered a lucrative business enterprise, requiring significant up-front capital. Nowadays, trading gold futures allows for investment to be made with relatively little capital, thanks to the leverage provided by brokerage firms.

The price of gold refers to its price per ounce in USD, and is measured in troy ounces (a troy ounce equals approximately 31.10 grams). Gold futures trading allow the possibility for traders to short sell and benefit from a falling market. You buy (go long) if you think prices will rise and you sell (go short) if you think they will fall.

r1: 1577.10


pivot: 1577.47

s1: 1576.93

good luck

http://charts.mql5.com/1/117/gold-h1...nies-group.png




hi

how are you

we can see in the 1h chart

the pair will go up to fibo 38.2

I see the pair will go to up way to 1579.07

stochastic refers that the pair will go up

so our target buy from 1575.80 and our target will 339pips

Good luck

---------- Post added 03-07-2013 at 02:31 AM ---------- Previous post was 03-06-2013 at 02:12 PM ----------

http://charts.mql5.com/1/118/gold-h4...nies-group.png




hi

how are you

we can see in the 4h chart

the pair will go up to fibo 38.2

I see the pair will go to up way to 1598.33

stochastic refers that the pair will go up

so our target buy from 1580.40 and our target will 1870pips

Good luck
:good::respect::peace::accute:

the price is moving in the channel pattern. the resistance is 1585.00 and the support is 1565.00 but now it is try to break the resistance. we can see the price hold at 1578.30 and macd indicator is also giving us long signal. we can long to the target next resistance at 1610.00

GOLD (Spot) intraday: key ST resistance at 1587

Pivot: 1587.00
Our preference: SHORT positions below 1587 with 1580 & 1576 as next targets.
Alternative scenario: The upside penetration of 1587 will call for a rebound towards 1599 & 1603.
Comment: the price is challenging its key resistance area around 1585, caution.