Gold

Gold price is now strongly bearish power. The price already touched daily support 2 level (1393.64) and lower trend line. I think the price may touch daily support 3 level (1384.85).

http://i1311.photobucket.com/albums/...ps20cb3d84.jpg

Gold technical analysis

date : 08.30.2013
time : 11:45 GMT
time frame : 15 min

indicator :

1) RSI (14)
value: 37.11

2) MACD (26,12,9)
value: -2.476

3) ADX (14)
value: 26.34

4)CCI(14)
value: -61.71

overall trend - slightly bearish.

Instrument: GOLD
Trading Signal - 30/8/2013 - 10:00 GMT+3
60min CHART
Upwards Weak
A Med-Low probability, entry signal to go LONG will be given with the upward break of 1416.00 after the market found support at 1402.00. Only the downward break of 1402.00 would cancel the bullish scenario and take us SHORT.
http://dl.dropbox.com/u/51561036/scr...830-195715.jpg

since the early gold traded bearish. condition has been turned into a weekly LSMA pointing down. most likely the price will go down in a few days. because of the benchmark is still down, the secure transaction is sell. current open positions can also sell, place the stop loss pada1409.91. and place take profit at 1392.26. This signal is valid until the close of market london.

Spoiler:

http://i1345.photobucket.com/albums/...ps12d271c5.png

Considering the purchase of gold, on the hourly chart, the price came close to the horizontal support 1390 and 200 MA, gold fall completely stopped the southern side and the beginning of consolidation (a sign appeared purchases) signal to go long break due to speak of short-term resistance of 1397, profit for 1413.

gold
indicator awesome oscillator sell good awesome oscillator indicator best to trader
entey:1406.56
tp:1400.65
less:1410

likely same with silver, i see the Gold also look to more bearish - although for correction - so, it's better to stop your buy op, if you are now still have Op buy.

http://charts.mql5.com/2/402/gold-h4...orex-group.png


we can see in the 4h chart
the pair trading down the 38.2
I see the pair will go to down way to 1369.52
stochastic refers that the pair will go down
so our target sell from 1398.33 and our target will 2881pips
Good luck

:good::accute:

Gold technical analysis

date : 08.30.2013
time : 16:45 GMT
time frame : 15 min

indicator :

1) RSI (14)
value: 52.91

2) MACD (26,12,9)
value: 0.0472

3) ADX (14)
value: 18.95

4)CCI(14)
value: 18.41

overall trend - slightly bearish.

http://charts.mql5.com/2/403/gold-h1...orex-group.png



hi
we can see in the 1h chart
the pair will go up to fibo 38.2
I see the pair will go to up way to 1408.35
macd refers that the pair will go up
so our target buy from 1396.00 and our target will 1235pips

Good luck