Gold

Gold pair price already touched daily support 1 level (1322.22) and lower trend line. Now the pair try to move up ward. I think the price may touch Fibo 100.0 level.

http://i1311.photobucket.com/albums/...ps381fad54.jpg

gold technical analysis by using : average directional movement index wilder(14) & average directional movement index(14) on 15.08.13


timeframe : 1 hour
time : 2000
market trend : up

adx wilder(14) level

style : 26.31
+di : 40.91
-di : 16.70

adx(14) level

adx : 30.91
+di : 31.90
-di : 15.57

the pair trade above the up trend

stochastic refers to up way

so the pair will continue to up way
http://www14.0zz0.com/2013/08/15/17/733233214.png

gold technical analysis by using : average directional movement index wilder(14) & average directional movement index(14) on 16.08.13


timeframe : 1 hour
time : 0700
market trend : up

adx wilder(14) level

style : 34.33
+di : 33.19
-di : 13.81

adx(14) level

adx : 26.84
+di : 17.09
-di : 11.75

today i like to buy gold @ 1355.10
my stop loss of the day @ 1349.10
half take profit for today @ 1363.60
and further half take profit @ 1369.80

Daily pivot Fibonacci points: Resistance levels: R1: 1371.90 R2: 1375.78 R3: 1380.34 Support levels: S1: 1332.67 S2: 1325.87 S3: 1320.12

Today Signal--GOLD--16 August, 2013

Spot gold ended the session on Thursday with gains of 2.32%, bouncing back sharply from the session lows of close to 3.5 percent. in a highly volatile session. the precious metal closed above crucial levels at 1348- 1350.00, and rally could extend 1408.00- 1415.00 per troy ounce, last seen in June this year. near term, the downside could be capped at 1340.00- 1345.00, close below which the yellow metal could slide to 1300.00. for positional trades, hold on to the precious metal for targets of 1400.00- 1405.00 with stops at 1337.00- 1340.00

TRADING RECOMMENDATIONS

LONG:
Hold on to positions initiated at 1355.00 with a stop at 1347.00 for a profit target of 1370.00 At 3.30 AM GMT, the precious metal was seen trading at 1354.00- 1366.00 with the session highs at 1372.50.
if steps get hit, long again at 1344.00 with a stop at 1337.00 for a profit target of 1375.00.
At 1380.00 with a stop at 1370.00 for a profit target of 1402.00.

Gold price already touched Fibo 161.8 level and upper trend line. Now the pair try to move downward. I think the price may touch daily pivot point (13351.53).

http://i1311.photobucket.com/albums/...ps1fd20b0e.jpg

the pair can break the resistance level to up way in chart 4h

stochastic refers to up way

so the pair will continue to up way
http://www11.0zz0.com/2013/08/16/10/883628233.png

Trading Signal - 16/8/2013 - 08:00 GMT+3
Instrument: GOLD
60min CHART
Upwards Strong
Waiting for a retracement lower towards the 1360.00 support level, or alternatively the break of the 1372.00 resistance level, in order to reinstate LONG positions.
http://dl.dropbox.com/u/51561036/scr...816-190046.jpg