Unemployment claims have just been released!
The forecast was 329k, we achieved a value of 336k.
Worst than expected results! Which may weaken the USD.
expect gold to move up some more, most likely to the daily r2
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Unemployment claims have just been released!
The forecast was 329k, we achieved a value of 336k.
Worst than expected results! Which may weaken the USD.
expect gold to move up some more, most likely to the daily r2
Gold again is testing the horizontal resistance 1376 (top of a zone of resistance 1376-1383), while there is a good chance from the rebound in 1376 with a yield of 1335, I do not think that the bulls have the strength to break through the 1376 + the first time this break will little growth potential as both at the top of another strong resistance of 1383 (one month maximum).
I'm still do not understan, why the news from USA media is trusted??. we know the USA media is full of lying...Quote:
Originally Posted by Omtrader
USA media is untrusted and baseless...
Daily pivot Fibonacci points: Resistance levels: R1: 1375.67 R2: 1380.56 R3: 1385.12 Support levels: S1: 1360.65 S2: 1355.67 S3: 1350.00
The Gold In line 4H There are two consecutive summits
every top of the low of her pervious summit is
an indication of the low is uncertain,
and I expect his arrival to the resistance line at
the point of 1375.86 and selling at this point
Gold resistance 1382.70 and 1389.30(main),where correction is possible. close above this two level will lead to 1397.10, and 1406.20. If a strong impulse we would have 1417.63. Continuation would bring 1438.41.
1H Chart.* Gold was trying to get out of the triangle formation down, but it failed and returned to the metal boundary formation.* Probably the most growth will occur and the rebound from the top of the triangle, and then will start and a break-down of deep decline in gold.* An alternative scenario is a breakdown in the upper level of 38.2 Fibo to test the upper limit of the upward channel at + -1395.
Trading Signal - 22/8/2013 - 10:00 GMT+3
Instrument: GOLD
60min CHART Upwards Weak
A Medium probability, entry signal to go LONG will be given with the upward break of 1367.00 after the market found support at 1354.00. Only the downward
break of 1354.00 would cancel the bullish scenario.
http://dl.dropbox.com/u/51561036/scr...823-002105.jpg
the pair can not break the resistance level to up way in 1h chart
MACD confirm down way
moving confirm the down view
stochastic also refers to down way ,so the pair will continue to down way
http://www9.0zz0.com/2013/08/22/20/486530886.png
Gold analysis for 08.23.2013 by using pivot indicator.
r3: 1412.56
r2: 1396.92
r1: 1386.17
pivot: 1370.53
s1: 1359.78
s2: 1344.14
s3: 1333.39