Gold

The gold markets did very little during the session on Wednesday, but did manage to test the $1600 level. However, that level offered resistance, and the market simply could not overcome it. However, looking at the overall shape of this chart it does appear that we are finding support down at the $1560 level, and as a result we think we are entering a phase of accumulation. After all, this is a point in time where almost everybody in the market hates gold, which makes is exactly the right time to think about buying it.

Gold analysis for 03.14.2013 by using pivot indicator.

r3: 1609.10
r2: 1603.90
r1: 1595.60

pivot: 1590.40

in the H1 time frame the price is break the first support at the 1584.40 and now it is move to the second resistance at 1576.90 it is making a pin bar candle so may be move to the up side. if the price break the 1584.50 we can long with the target 1595.00

gold
dear,s
gold ka ek buhat acha strong resistance hai 1550 py wasey bes point ko ponchna buhat mushkal hai agir gold es sey opar nikal giya to phir es ka down trend easily ni aye ga .

---------- Post added at 07:47 PM ---------- Previous post was at 07:41 PM ----------

BBS Multi trading system
helo,dear
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mai es ko indicators ky zairye download kar sakty hain. mai ea ko like nahi karta.
mai manual trading ko pasand karta hon.

Gold (Au) has a fixed spread of $1.00; a margin requirement of $1,000 per 100 ounces; a required margin of 2.5%; a minimum contract size of 100 ounces; and leverage of 1:40, instead of the 1:200 leverage found on currencies.What does this mean? It means that when you open your Standard Account, you can choose to trade Gold, and it will only charge you $1,000 of usable margin to open a position of 100 ounces, which is the minimum tradable lot size, and the spread charged is only 100 pips, which is a highly competitive figure for Gold trading.

view of the situation seems to pair gold will go up, but for the open position should wait until break trendline and resistant. for target the nearest safest resistant, and should remain vigilant because judging longterm (monthly) bearish forces are so strong.

http://i48.tinypic.com/2rc3oqw.gif

elliott common flat correction up 1599.35
it shoukd test 1600 area after which a sell of down to 1580 or extended to 1570 area is expected
technical points
key point 1595 - entry point 1586 - elliott 1577 - closing 1590 - progection 1599 - trend line 1593

http://charts.mql5.com/1/152/gold-h4...orex-group.png



hi

how are you

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 1591.60

stochastic refers that the pair will go up

so our target buy from 1590.60 and our target will 100pips

Good luck
:good::peace::yahoo::doubt:

Gold ka zida chance down jany ka hay, magar mujay lagtha hay aj yeh 1600 ko touch kary, us kay bad yeh sell jay ga.

Quote:

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Originally Posted by alex200

http://charts.mql5.com/1/152/gold-h4...orex-group.png



hi

how are you

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 1591.60

stochastic refers that the pair will go up

so our target buy from 1590.60 and our target will 100pips

Good luck
:good::peace::yahoo::doubt:

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Thank you for your analysis
I hope your analysis is correct before

because I'm studying the golden pair
and if I was still using analysis missed a demo account :)))