Gold

time frame- H1
the price of gold is break the resistance trend line at the 1467 and moving up side. we can long this gold if the price is close above the 1472.20 with the target at higher resistance 1490.00 stop loss at the 1300.00
good luck

GOLD (Spot) intraday: the downside prevails.

Pivot: 1485.00
Our preference: SHORT positions below 1485 with 1418 & 1404 in sight.
Alternative scenario: The upside penetration of 1485 will call for 1507 & 1539.
Comment: as long as 1485 is resistance, likely decline to 1418.

The gold . Expect a resumption of the North of the trend and continue to grow.
Our point spread is at the level of 1460.
going to: open purchase after the strengthening of the punched above the level of 1460 with the target points 1478 and 1482.
Alternative scenario: a breakthrough level of 1460 again will lead to decline and will bring the price to 1450 and 1439.

i plan to buy gold @ 1463.10
my stop loss of the day @ 1448.10
my take profit of the day @ 1483.10

I think gold is still IN Bullish Channel in daily timeframe, but beware because the The General Trend is still bearish..
My plan is still buying this commodity till there is a BEAR comes.. :)
https://fbcdn-sphotos-g-a.akamaihd.n...17182080_n.jpg

Gold pivot levels by using fibonacci pivot indicator.

r3:1495.70
r2:1481.41
r1:1472.57

pivot :1458.28

s1:1443.99
s2:1435.15
s3:1420.86

elliott correction zigzag 24.00 one more dip to 23.46 os likely followed by a grind hegher to 24.26 after which it can resume it is down trend
support and resistan
res2 24.87
res1 24.26
pivot 23.76

GOLD,H1
Date 2013.05.03
Time 04:00

Spoiler:

http://charts.mql5.com/1/464/gold-h1...orex-group.png

Open 1466.94
High 1467.67
Low 1466.37
Close 1467.62
Volume 138
SMA(5) 1467.05
SMA(10) 1467.29
SMA(20) 1463.94
SMA(50) 1462.13
SMA(100) 1466.52
SAR 1464.33

Indicator window 1
Stoch(5,3,3) 69.2127
Signal 56.8452

Indicator window 2
RSI(14) 60.5663

Indicator window 3
MACD(12,26,9) 2.188
Signal 2.328

Indicator window 4
%R(14) -32.0734

based on combination of indicators above,
trend : BULLISH

Gold pivot levels by using fibonacci pivot indicator.

r3: 1487.52
r2: 1478.07
r1: 1472.23

pivot : 1462.78

s1: 1453.33
s2: 1447.49
s3: 1438.04

Gold perfectly fulfilled yesterday's signal to buy, the price now has come close to the horizontal resistance of 1478 but not in a hurry to close the purchase because the bottom of the graph has a clear level sloping trend is likely to be broken in 1478 and the gold will be released to the 1485 level as a minimum.