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Recently, gold is no different unusual activity, but Friday shed light on the situation for gold, struck a very strong support level which held about 2 years, and were fixed at a minimum ... so next week expect to continue to new lows ...
http://storage3.static.itmages.ru/i/...d41d8cd98f.png
That began to move gold as it is necessary, such a good Down - the day was a Friday ... just a breakdown of important mid-term supports ... so think strategically and logically it can be assumed that the decline will continue .. I think in the formation and consolidation of short-stop should be sell ... may still very well collapse.
elliott extended impulse wave down 1461 market should not go lower than 1485 1459 after yhis move down it should go up to 15226 - 1540 area
support and restances
res2 1593
res1 1540
pivot 1511
sup 1459
sup2 1430
my Analysis :
Probability of GOLD WEEKLY
BAT BULLISH PATTERN
Gold analysis for 04.15.2013 by using pivot indicator.
r3: 1621.65
r2: 1592.99
r1: 1538.26
pivot: 1509.60
s1: 1454.87
s2: 1426.41
s3: 1371.48
pair has been ended it's trading day below of level 1670.00 and that's will lead the movement to down trend to reach 1652.00 ,
so the selling is suggested with a appropriate stop loss level and targets between 300 and 500 pips at least
:)))
gold is confusing me buy or sell ummmmm i am going with selling side
i like to sell(pending order) this pair @ 1470.10 to 1490.10 range
my stop loss of the day @ 1510.90
half take profit @ 1455.70
and half @ 1435.90
Gold pivot levels for today by using : fibonacci pivot indicator.
r3: 1592.68
r2: 1560.87
r1: 1541.21
pivot : 1509.40
s1: 1477.59
s2: 1457.93
s3: 1426.12
I do not remember such a precipitous fall but more so for gold, after breaking through the lower zone of fractals in 1538 opened 1323 + - support it yet and I think will be the main purpose of the bears and the bulls of it will have to take at least some action, and while I'm on a minute skalipiruyu schedule and kickbacks sell.
GOLD (Spot) intraday: target 1368
Pivot: 1445.00
Our preference: SHORT positions below 1445 with 1385 & 1368 in sight.
Alternative scenario: The upside penetration of 1445 will call for 1458 & 1478.
Comment: the immediate trend remains down and the momentum is strong.
Spoiler: