Gold

Gold technical analysis

date : 08.01.2013
time : 09:15 GMT
time frame : 15 min

indicator :

1) RSI (14)
value: 55.65

2) MACD (26,12,9)
value: 0.163

3) ADX (14)
value: 32.39

4)CCI(14)
value: 129.48

overall trend - slightly bullish.

gold technical analysis by using : average directional movement

index wilder(14) & stochastic(5,3,3)

adx wilder(14) level

style : 15.19
+di : 24.78
-di : 21.09

stochastic(5,3,3)

main : 61.26
signal : 43.69

time : 1200
date : 01.08.2013
timeframe : 1 hour

Yesterday the pair of gold to support the dollar fell to 1307.06 but the price is not broke and began to move toward 200muvyngu on h1 in the price of 1329.59 but until the couple broke. It is believed that the pair breaks єto resistance at 1329.59 and the price will continue to rise to the level of resistance in the price of 1340.50.

On gold formed a converging triangle of education, this figure has a bearish tone as there is a shift towards resistance zone south (from 1348 - 1339 to 1331), but for a short position worth wait breakdown horizontal support 1306. North also will be considered only at strengthening higher in 1350.

the pair trade down the down trend

stochastic refers to down way

so the pair will continue to down way

http://www9.0zz0.com/2013/08/01/18/908800752.png

elliott common flat correction up 1339.59 it looks set for ganis to 1341 .10 support at 1315.49 and 1307.49 a break of 1289.88 will damage this bullish structure
support and resistances
res2 1357
res1 1341
piovt 1323
sup1 1307
sup2 1289

current gold now began to enter into the monthly normal area (480). This marks if the seller started there in the reference month. position is reinforced by the weekly MA (120) are included in the monthly normal area. on weekly benchmark, the price is in a state trending down after the sideway condition. seller actually references dominate the market weekly. the daily reference (24), the price also is in a state trending down, but not as strong as the daily MA (24) not out of the normal area weekly (120). secure transactions today are sell. which may limit target price is monthly MA (480). good luck.

Spoiler:

http://i1345.photobucket.com/albums/...psf406cd41.png

After getting stalled by 1337.62 resistance level the Gold is rotating downward. But since our view remain bullish , we will watch for the next support 1298.30. If the support level rejected the price then we would find a long opportunity.

gold forecast:
from daily chart, we can see this gold price has out from the short bullish trend, and now it begun the downtrend movement again.
it should go down to test the support area again around 1257
we can seek for sell opportunity.
current price: 1293
stop loss: 1315
take profit: 1265
good luck...

gold technical analysis by using : average directional movement index wilder(14) & stochastic(5,3,3)

adx wilder(14) level

style : 35.90
+di : 9.02
-di : 47.52

stochastic(5,3,3)

main : 13.65
signal : 23.85

time : 0900
date : 02.08.2013
timeframe : 1 hour