Gold

Today indicators shown bearish down short terms trend

Pivot Point : 1540

Supporting Levels:

Support 1: 1520
Support 2: 1515
Support 3: 1510

TREND: BULLISH

Resistance Levels:

Resistance 1: 1550
Resistance 2: 1555
Resistance 3: 1560

When today the market is opened then showing down and supporting levels are also available here its not remain here this pair because h4 telling here up side that is down trends

News) - Money managers trimmed their net-bullish positioning in gold futures modestly – but hiked the silver one – during the most recent reporting week for data compiled by the Commodity Futures Trading Commission (CFTC).

During the week-long period to March 31 covered by the last CFTC report, June gold lost $66.70 to $1,596.60 an ounce, while May silver slipped 10.1 cents to $14.156.

Net long or short positioning in CFTC data reflect the difference between the total number of bullish (long) and bearish (short) contracts. Traders monitor the data to gauge the general mood of speculators, although excessively high or low numbers are viewed by many as signs of overbought or oversold markets that may be ripe for price corrections.

Candlestick charts are the most common chart types used by retail traders and investors. There are many other types of charts such as line charts, bar charts etc., but they don’t tell the story of past price action like candlestick indicator patterns do. When active trading is based solely upon technical analysis, projecting future price action is rooted in how the price has behaved in the past
Candlestick analysis is a very useful form of technical analysis. It works almost perfectly in volatile times but also functions adequately in less volatile times. All in all, candlesticks, as well as candlestick trading, works fairly well in isolation or when combined with one or two other indicators
Candlesticks represent fluctuations in price for a certain period of time. Durations may be as little as one minute or as large as a week or month. The body of the candlestick is the price difference between the opening and the closing time. The two vertical lines on each side, which are called shadows or wicks, display the highest and the lowest point of the price for that period of time

Investors are continuing to pile into gold and silver exchange-traded funds, said BMO Capital Markets. Analysts noted there have been 10 straight days of inflows into gold ETFs, based on the latest Bloomberg data. Holdings rose by 1.5 million ounces last week. “Material held in physically backed ETFs is now up 10% YTD [year to date],” BMO said. Meanwhile, silver ETFs posted inflows of 4.35 million ounces last week. Precious-metals ETFs trade like a stock but track the price of the commodity, with metal put into storage to back the shares. This gives investors exposure to metals prices without taking on certain costs such as storage and assaying. BMO also said “investors have shown strong interest in gold in the current environment of economic uncertainty and weakening global interest rates.”

predictions for the day.
trading is risky if no analysis is done
Gold - is the currency pair we will be focusing on
major low levels also known as supports 1663.14
major high levels also known as resistance - 1680.54

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Dear i.forex members
On this Day i will predicted this pair have being bearish down direction
the price is break Resistance and Trend Line and it is moving down side with having the long signal from the parabolic SAR
the market trend could remain in this position and I expected support resistance levels
A dot below the candles that indicates a downtrend direction
in addition to that we can see a SELL signal on the MACD indicator
I suggest to take short terms position on SELL today

GOLD
Market trend condition Bearish
Pivot Point : 1548

Support 1523
Support 1515
Support 1511

Resistance 1559
Resistance 1553
Resistance 1567

Forex forum is the good forum in the world. It provide us facility to earn good profit by trading on it.
I have also use this forum for invest money and make trading to earn good profit.
I have used to indicators RSI and Zigzag for signal of trading then I have made trading and earn good profit.
Note:Always Follow the making experienced with others having great knowledge about trading.

i express my opinion about this pair..
As All of you know that . this trading pair is too good for best tradong is pair . this trading pair gives us lot of experience. . by the trading in this pair we will be able to earn large profit .its all becouse of its movement. after the understanding of pro EMA trading analysis. its all candle pre-inform you about future movement.
95% chances of profit aftar analysis of these indicators So i am always refer the indicator for analysis ... .
i suggest you this analysis indicater for 95% chances...
goodluck..
pair and that according to the green color shown by the Bollinger Bands indicator determining by that the main market direction A buy signal is indicated from the Simple Moving Average indicator and that is by giving us buy signal t his pair can continue bullish trend now current price at and strong support at level in hourly time frame there is possible chance price will move to up side


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