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The chinese PMI that was released was rather a negative suprise but did not trigger much reaction on gold. So right now, the gold is bearish but the bears will not be sustained for long and so any break of 1348 level, the price will find its way to the 1356 level. I would rather be bullish on gold.
Gold began making attempts to overcome the strong support zone in 1337 (consisting of two zones of lower fractals and alligator slide-earning their part of the trend lines), on 4-hour chart noticeably bearish RSI divergence and a sell signal (together with stochastics), a breakthrough in 1337 may again bring to 1314 and 1300.
this still can bulls. for Gold next yes, can be search for nice buy (as long as seller here can not down again more that 1273.83 (it's very important fib level on this pair)
http://charts.mql5.com/2/110/gold-h4...orex-group.png
we can see in the 4h chart
the pair trading down the 50.0
I see the pair will go to down way to 1306.54
macd refers that the pair will go down
so our target sell from 1328.67 and our target will 2213pips
Good luck
time frame- H1
the price of the gold is again rejected to the down side. it is not break the resistance at 1345.00 and down side break the support at 1336.00 and other 1327.00 the price will be falling continue and try to hit the 1300.00 level. we can short this with the stop loss at 1330.00 and take profit at 1310.00
good luck
bullish trend is still dominated for gold.. now price seen cross ma line and if price goin up and break pivot area i think good to buy this pair.. seems to me price will towards resistance 1 1342.28 and reject there cause there is good trendline too..
Ye sbse achi cheez hai investment ke purpose se par mere hisab se ye sabse mehnga bhi hai isko buy krne k liye apke pass account me bhot acha balance bhi hona jruri hai or isme risk ke bhi chance bhii jada rehte hai...
The XAU/USD is now stalled againts 133651 resistance. If price retraced back to 130000 ( Four Zero ) and rejected it then we would find long opportunity.
Now comes the gold is very important point. The intersection of 50 and 200 Masek on H4 timeframe. As we can see in fact produced retest Maschke 50 - so I recommend to srednesrok up in shopping.
today i like to buy Gold @ 1307.10
my stop loss of the day @ 1300.00
half take profit for today @ 1317.10
and further half take profit @ 1325.10
Spoiler: