Gold

Daily pivot Fibonacci points: Resistance levels: R1: 1339.10 R2: 1345.15 R3: 1354.10 Support levels: S1: 1317.00 S2: 1310.15 S3: 1300.00

Gold technical analysis

date : 07.29.2013
time : 05:45 GMT
time frame : 15 min

indicator :

1) RSI (14)
value: 41.23

2) MACD (26,12,9)
value: -1.1412

3) ADX (14)
value: 16.79

4)CCI(14)
value: 3.79

overall trend - slightly bearish.

My Gold short setup

https://fbcdn-sphotos-c-a.akamaihd.n...93503376_o.jpg

current market tokyo and sidney, and look if the sellers dominate the market. the daily reference is also seen if the price is in a state of consolidation, but the steering lsammenunjukkan Pinting up. so the decision is buy a safe transaction. which may limit the price target is the upper daily bb.

Spoiler:

http://i1345.photobucket.com/albums/...ps4633103a.png

Gold price is now up trend. The price already breakout daily pivot point (1328.61). I think the price may touch Fibo 100.0 level.

http://i1311.photobucket.com/albums/...psaf71de0f.jpg

Resistance in Gold for Monday July 29 is 1337-1347

Of gold now cost find the entry point to buy as on 4-hour chart perfectly noticeably closer to the long-term trend line (the point of tangency 1320) - as well as the price significantly build on this point - there is a big buyer who has to bring the price of the monthly maximum of 1,348 as a minimum.

Gold trading is good way of earning more profit. Gold is high level of commodity and there is much fluctuation in this currency with compare to other pairs of currencies or other commodities. So Now the professional traders who have much amount in their trading balance try to opt this Gold to trade and earn more profit in quick time with compare to other traders. In my view this is more risky commodity if you have not enough trading balance because the changes comes in this commodity very fast many times in one day.

On gold market we have nice short-term pattern, but the most interesting is what will happen after FOMC meeting...

The down also on Gold for me, if seller here can still hold move bellow that 1340.45 that call a bearish condition and make a plan to sell here with use sl above the 1340.45 is good act.