Gold

Gold analysis for 09.09.2013 by using pivot indicator.

r3: 1424.18
r2: 1411.83
r1: 1389.37

pivot: 1377.02

s1: 1354.56
s2: 1342.21
s3: 1319.75

The following data is predicted based on indicators that we use for the currency pair GOLD today, for today's support and resistance levels as follows: (R3=1434,92), (R2=1413,87), (R1=1402,65), (Pivots=1381,60), (S1=1370,38), (S2=1349,33), (S3=1338,11)
recommendation:
place your sell stop at 1381,598 target profit at 1381,396 (Seller zones)
place your buy stop at 1381,602 profit target at 1381,804 (buyer zone)

today i like to sell gold @ 1389.10
my stop loss of the day @ 1394.00
half take profit for today @ 1385.60
and further half take profit @ 1381.60

Gold price already touched upper trend line. Now the price try to move down ward. I think the price may touch Fibo 61.8 level.

http://i1311.photobucket.com/albums/...ps36dc6253.jpg

Gold is still subject to strong pressures bears are concentrated around the sliding alligator, now feel the strength sineyu Rolling, much like a pair of completely stopped beside her and slowly wrapped again to the south, Stochastic has formed a sell signal, reducing the waiting area in 1365-1360.

gold, with prices moving sideways yesterday. This seller currently still dominate the market, because the price is below the band BS daily. tendency towards weekly fall, as weekly LSMA pointing down. Daily LSMA current conditions pointing down, and look at the price of trying to play down LSMA daily. then only sell safe transaction. now is a good time to open a sell position, because the price is below the daily LSMA down. target price is 1377.60.

Spoiler:

http://i1345.photobucket.com/albums/...ps8e846f75.png

today i like to sell gold @ 1384.10
my stop loss of the day @ 1389.00
half take profit for today @ 1380.60
and further half take profit @ 1376.10

Gold price is now strongly bearish power. The price already breakout daily support 2 level (1375.15). I think the price may touch daily support 3 level (1368.35).

http://i1311.photobucket.com/albums/...ps5c1cdc6b.jpg

\\\\Gold perfectly fulfilled my yesterday's sell signal (hang gliding from the alligator) and today reached the main goal, the horizontal support around 1359 which reduce the southern completely stopped, Stochastic and RSI are in the lower zones and are preparing to file a northern signal, given the strong decline of the correction in the region 1380 you can expect.\\\\

On the daily chart of gold appeared a very interesting model, the evening star, today's candle is certainly still growing but I do not think it would affect the candlestick chart analysis. This model is a strong reversal signal but only after the growth, in this case just expect reduction of price for a few more days.