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Gold forward to further growth, the price has formed a bullish converging triangle, the lower limit of which, the long-term trend line.-Pivot at 1460 (below the trend line).- Preference: LONG positions above 1460 (or on the breakthrough in 1480) with targets 1500 and 1530 + Stochastic well directed.Alternative scenario: The downside penetration of 1460 will call for 1438 and 1404.
time frame- H1
the price is rejected from the resistance at the 1480.50 and it break the pivot point and reach the support at the 1448.50 today it is opne with positive gap and moving up side. it has a good resistance at the 1481.50 if this resistance is not break we can short with the target at the 1460.00 and stop loss is 1490.00
As you see in my following attached chart, the gold traded between a high of 1485 and a low of 1448, closed at 1459. Today the metal trades above the bullish trend line at the price of 1458.
Upside Scenario: If the bullish trend line at the price of 1458 holds, this means a rise to the levels of 1483, then 1495.
Downside Scenario: A decline could be seen to the levels of 1445, then 1431 if the metal breaks above the bullish trend line at the price of 1458.
GOLD (Spot) intraday: bullish bias above 1448
Pivot: 1448.00
Our preference: LONG positions above 1448 with 1485 & 1507 as next targets.
Alternative scenario: The downside penetration of 1448 will call for a slide towards 1418 & 1404.
Comment: a support base at 1448 has formed and has allowed for a temporary stabilisation.
last 2 din se gold ka trend upar ko ja raha ha.aur mujy is men kafi profit hua ha.aur men sub logo ko ya post krny ka lay kata hoon.
elliott crucial reversal point there are initial signs of a good corrective recovery towards 1471.48 or even 1479.26 support at 1452.86 and 1442.02
res2 1500
res1 1479
pivot 1463
sup1 1442
sup2 1425
gold trading to bhut risky trading hai kyun kay main gold per kafi martba trade kar chuka hun magr mujhay her martba gold trading per loss hi hua hai..
GOLD,H1
Date 2013.04.30
Time 01:00
Open 1476.61
High 1476.61
Low 1473.64
Close 1474.34
Volume 254
SMA(5) 1472.72
SMA(10) 1470.99
SMA(20) 1470.88
SMA(50) 1468.67
SMA(100) 1451.67
SAR 1466.15
Indicator window 1
Stoch(5,3,3) 89.8747
Signal 79.8980
Indicator window 2
RSI(14) 56.3353
Indicator window 3
MACD(12,26,9) 2.002
Signal 1.655
Indicator window 4
%R(14) -26.3427
based on combination of indicators above,
trend : BULLISH
Gold analysis for 04.30.2013 by using pivot indicator.
r3: 1498.07
r2: 1488.22
r1: 1481.70
pivot: 1471.85
s1: 1465.33
s2: 1455.48
s3: 1448.96
today i like to buy gold @ 1455.10 to 1460.10 range
my stop loss for today @ 1447.10
my half take profit for today @ 1467.10
and half @ 1477.10
Spoiler: