Gold

bullish tendency are shown by two histograms from Accumulated Oscilator (AO), Relative Vigor Index (RVI) and which are positive value but Gator Oscilators is still indicating downtrend so pair is still in step by step bullish from 1454.35 then William %R indicator is showing rebound will happen because this indicator is upward near buy border level 20

Gold prices were little changed on Thursday after fluctuating throughout the day, where the Bank of England left the interest rates unchanged at 0.50%, but surprised markets by increasing the size of asset purchases to 275 billion pounds, while the ECB left the benchmark interest rates unchanged at 1.50%, and announced more measures to support the euro zone economy.
The outlook for gold remains generally to the upside, however, we still expect volatility to continue to dominate gold prices, and that could still weigh down on gold prices, but overall, our general outlook for gold prices remains to the upside

Initial support at 1490 (June 27 low) followed by 1485 ( 76.4 % ratrace of 1462.45-1558.25) Initial resistance is now at 1526 ( June 24 high) followed by 1523 (June 23 high)

Pivot levels today:
R3: 1496.48
R2: 1483.42
R1: 1467.88
PP: 1454.82
S1: 1439.28
S2: 1426.22
S3: 1410.68
Comment: Price now is below the daily and weekly pivot levels, also it is below the 55 SMA, so more fall is expected.
Forecast: Price may fall to 1410.68.

Gold pivot levels by using fibonacci pivot indicator.

R3: 1483.76
r2: 1472.58
r1: 1465.68

pivot : 1454.50

s1: 1443.32
s2: 1436.42
s3: 1425.24

currently gold stays at 1615/30 level. i think it will remain stay below 1650 level in this week, bcz 1650 prooved as very strong resistance level for this commodity. ad also gold is now very strong psychological barrier and also overbought in daily and weekly chart

---------- Post added at 12:13 PM ---------- Previous post was at 12:10 PM ----------

Gold markets rose on the Monday session as traders got very bullish equities and “risk on” trades in general. However, as the market has been so choppy lately, the smart trader is buying gold as a hedge against all of the volatility out there. The US Dollar found itself on the back foot during the session, and this also helped to propel the market forward

Gold is now demonstrating strong growth on the fall of the dollar index, just the pressure of the bulls could not resist and 200 sliding breakthrough that opened the way to 1478 and became a buy signal on the 4 hour chart noticeable working out a buy signal, MACD and rebound from the bottom of the side channel 1444.

http://charts.mql5.com/1/503/gold-h4...orex-group.png


we can see in the 4h chart
the pair can close up the up trend line
i see the pair will go to up way to 1495.49
stochastic refers that the pair will go up
so our target buy from 1467.61 and our target will 2808pips

see movement in the gold market pair H4 timeframe was not so penetrate resistant and even reversal point, forming a strong bullish candlestick just now. bullish view of power is likely to return to its highest point yesterday at 61.8% Fibonacci point.

https://lh5.googleusercontent.com/-N...5BUNSET%5D.png

time frame- H1
gold is now try break the resistance at the 1469.00. if this resistance is break it will be move to the higher resistance at the 1490.00. we can long if the price is close above the 1469.00 with the target at 1489.00
good luck