Gold

the pair will go up to fibo 23.6
I see the pair will go to up way to 1413.74
stochastic refers that the pair will go up
so our target buy from 1493.45 and our target will 2073pips


http://charts.mql5.com/1/561/gold-h4...orex-group.png

Pivot levels today:
R3: 1460.28
R2: 1445.13
R1: 1418.93
PP: 1403.82
S1: 1377.21
S2: 1362.31
S3: 1335.79
Comment: Price now is below the dialy and weekly pivot levels, also it is below the 55 SMA, so more fall is expected.
Forecast: Price may fall to 1362.31.

Gold pivot levels by using fibonacci pivot indicator.

r3: 1445.61
r2: 1429.66
r1: 1419.80

pivot : 1403.84

s1: 1387.89
s2: 1378.03
s3: 1362.07

gold market analysis on 16.05.2013 by using : average directional movement index

adx : 34.9109
+di : 8.4472
-di : 28.6352

timeframe : h1
time : 1300

I see the pair will go to up way to 1393.17
rsi refers that the pair will go up
so our target buy from 0.8449 and our target will 1300pips
Good luck



http://charts.mql5.com/1/568/gold-h1...orex-group.png

Gold downside movement to extend Thursday, to penetrate the 50% Fibonacci level at 1405.00, accelerate movement towards 61.8% around 1385.00. Prices start trying trying to fix some of the decline, as the RSI down in oversold territory, but it has proved unsuccessful. Gold prices traded at intraday lows, operating at USD $ 48.381 per gram. at this moment. If there pemnatulan and retesting occurred prior to 1405.00 points, this can effectively provide another selling opportunity, because the downside pressure remains absolute move forward.

Gold became a correctional northern stage, resuming the main trend of the southern expect the rebound from the resistance zone 1388, 1395, the turning point in the northern purchase is above the 1400 figure breached, the objectives for today are the levels of support in 1369, 1350.

GOLD (Spot) intraday: the downside prevails.

Pivot: 1399.00
Our preference: SHORT positions below 1399 with targets @ 1365 & 1346.
Alternative scenario: The upside penetration of 1399 will call for 1418 & 1431.
Comment: the immediate trend remains down and the momentum is strong.

Gold futures traded at a four-week low on Thursday, remaining sharply lower despite the release of a flurry of mostly disappointing U.S. economic data.

---------- Post added at 03:02 PM ---------- Previous post was at 03:01 PM ----------

ws | May 16, 2013 01:09PM GMT | Add a Comment
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Investing.com - Gold futures traded at a four-week low on Thursday, remaining sharply lower despite the release of a flurry of mostly disappointing U.S. economic data.

On the Comex division of the New York Mercantile Exchange, gold futures for June delivery traded at USD1,378.05 a troy ounce during U.S. morning hours, down 1.3% on the day.

Gold : Mostly the risk of decrease, price is in a correctional Northern stage.
Our point spread is at the level of 1399.
Our view: SELL below 1399 with the target points 1365 and 1346.
Alternative scenario: a breakthrough level of up 1399 will open the way to 1418 and 1431.
Analysis : In the short term, the trend is downward with a strong bearish dynamics.
http://storage3.static.itmages.ru/i/...d229faa957.png