Gold

After the Rally of Gold, it wasnt able to break through the Resistance of 1485.

I see an Fall to 1430. From here we should be able to buy for 1450.

If Gold should go up above 1485 we should see an nice rebound @ 1510 where 200 EMA is waiting.
Major Resi area at the moment is 1530 ...

Gold Chart

Quote:

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Originally Posted by fxquest

I was using only 33% of my margin but the fall from 1788$ level to 1707$ was too sharp that it still burn my account - that is what made me realise i should have used lower margin even or at least used stop loss.

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yes trading with gold is actually risk unless you've got smart margin and smart capital too thus at present i'm not trading gold because it want a lot of capital inorder to actually survive even position goes against us thus we needs to be careful and trade safely

anyone who has ever traded gold would tell you that gold is the perfect commodity to trade despite of itbeing so expensive i think it is very possible for ane to make a fortune with it. thanks

There are many things that effect gold. Just because the EUR/USD goes up does not mean gold will go up. One of the main reasons why gold has gone up so much recently is because people are scared of the uncertainty in the stock market so they put their money in gold which they think is safer

Forex mein gold pr earning krna kafi difficult hota hai our gold ki market ko kafi dangerous samjha
jata hai eis mein ager app k pass acha capital hai tou app achi earning kr saktey hain wo b kum time
mein

GOLD,H1
Date 2013.04.29
Time 01:00

Spoiler:

http://charts.mql5.com/1/433/gold-h1...orex-group.png

Open 1466.29
High 1467.61
Low 1463.43
Close 1463.83
Volume 913
SMA(5) 1461.11
SMA(10) 1462.15
SMA(20) 1465.33
SMA(50) 1457.54
SMA(100) 1439.39
SAR 1475.05

Indicator window 1
Stoch(5,3,3) 87.0882
Signal 61.9545

Indicator window 2
RSI(14) 51.3283

Indicator window 3
MACD(12,26,9) 0.406
Signal 1.408

Indicator window 4
%R(14) -53.9323

based on combination of indicators above,
trend : NEUTRAL

http://charts.mql5.com/1/433/gold-h1...ex-group-2.png




hi

how are you

we can see in the 1h chart

the pair can close up the up trend line

i see the pair will go to up way to 1467.26

stochastic refers that the pair will go up

so our target buy from 1465.26 and our target will 200pips

Good luck

Buy signal generated on GOLD daily chart.
Buy go 1475.00
hahahahahahahaa okey???:peace::peace:

All the glitters can not gold. Current trend jo hai woh upward trend pe hai aur jab target hai 1554 agar price niche ki aur gaya toh lowest point hai iska 1536, breaking the trend turn to the downside targeting ..

Trading on Gold is a very bad idea for every one who sit with low capital because it will take very high free margin. so when we want to trade on gold either go with high capital and low lots or better dont touch and think about Gold.