Printable View
gold, the price traded in a bearish yesterday. whether prices will continue to trend day yesterday? current price of trying to ride this morning still hampered by a pivot level, and the possibility of gold will fall to 1298 levels until 1284, because the price is still far below the indicator. but if the prices go back up and try to close above the pivot successfully, gold will likely strengthen to 1330 levels until 1348.Spoiler:
it is showing a strong support at the 1305.00 level and the price is again come to this level. it is also moving down side from the pivot point resistance at 1316.43 level.Thanks
gold
if we see the market with two indicator adx wilder(14) & adx(14) in 1 hour timeframe.the value of two diferrent indicator shows us that
adx wilder(14) level
style : 27.69
+di : 15.94
-di : 31.57
adx(14) level
adx : 38.25
+di : 12.62
-di : 23.24
so we can decide that the market trand is : down
timeframe : 1 hour
time : 0300 gmt
Gold analysis :
date : 09.17.13
time : 03:45 GMT
time frame : 15 min
current rate : 1313.37
high : 1316.36
low : 1307.70
net change : 0.11%
overall trend : slightly bullish.
Gold remains bearish short-term oversold bounce, but also in the complex, our, regardless of pupil, operability is not strong. 1300 see 1380 Powei can catch the air
gold
if we see the market with two indicator adx wilder(14) & adx(14) in 1 hour timeframe.the value of two diferrent indicator shows us that
adx wilder(14) level
style : 26.47
+di : 24.22
-di : 24.94
adx(14) level
adx : 31.29
+di : 22.44
-di : 13.11
so we can decide that the market trand is : down
timeframe : 1 hour
time : 0700 gmt
The price of the gold made a new test for the critical support level at 1300.00, which holds against the price attempts to decline, and that keeps the chances valid for achieving a waited intraday bullish rebound, and the target is retesting 1352.00 then 1375.00. In general, surpassing one of the aforementioned levels is required to confirm the next trend, where breaking the mentioned support will make the bearish wave extends to reach levels near 1200.00, while breaching the resistance will turn the price back to the bullish track, and the targets begin at 1450.00
http://www.economies.com/includes/ex...1379394838.png
today i like to sell gold @ 1319.80
my stop loss of the day @ 1325.00
half take profit for today @ 1316.10
and further half take profit @ 1312.10
Gold price is now down trend. The price already touched daily pivot point (1316.48). I think the price may touch Fibonacci 23.6 level.
http://i1311.photobucket.com/albums/...ps5a49e0f2.jpg
In my analysis using wpr and moving average are showing the gold still on bearish condition. It may continue if the price still trade below the Yellow and green MA. try to find until the price is overbought when The wpr at 0 and set sell order.
http://my.jetscreenshot.com/demo/201...hyuz-124kb.jpg