Gold

Gold analysis for 10.08.2013 by using pivot indicator.

r3: 1350.98
r2: 1339.69
r1: 1331.03

pivot: 1319.74

s1: 1311.08
s2: 1299.79
s3: 1291.13

http://charts.mql5.com/2/703/xauusdr...rectdealer.png
in 1h chart
the pair trade in up trend
i see the pair will go up to 1327.50
good luck

analysis for today 10 / 8 / 2013
My daily trading,I hope the day is a success ...
GOLD (Daily Trade)

Resistance : R1 1329.69 R2 1339.14 R3 1357.89 R4 1395.39
Support : S1 1318.37 S2 1308.92 S3 1290.17 S4 1252.67

Open : 1322.42
High : 1327.67
Low : 1320.39
Range : 728 Pips
Running Price : 1324.38

For intraday trade today suggest BUY at the level 1324.38 stop loss at the level 1318.37 target take profit at the level 1357.89 or at the level 1395.39

Though on the 4 hour chart gold olshe looks in to the south side, but on the hour we see that the price has formed two levels of support and further attempts are clamped to the tops .. MACD - Histogram as surely fixed above its signal line and ****ually increases as ... that this formation gives hope to the northern shot from 1342 and up ..

Gold price is now up trend. The price already breakout daily pivot point (1319.98). I think the price may touch Fibonacci 100.0 level.

http://i1311.photobucket.com/albums/...ps6cc42c34.jpg

today i like to sell Gold @ 1324.40
my stop loss of the day @ 1328.40
half take profit for today @ 1321.10
and further half take profit @ 1316.50

the pair can break the up trend to down way in 1h chart

stochastic refers to down way

so the pair will continue to down way
http://www14.0zz0.com/2013/10/08/18/614444802.png

the pair broke fibo 61 to down way

stochastic refers to down way also

so the target is sell the pair to fibo 50

if the pair broke fibo 61 to up way we will cancel the down view
http://www12.0zz0.com/2013/10/08/19/431597729.png

Hi,,




in the chart 1h we can see the pair will go to down way in the future
I see the pair will go to 1308.56
I expect from this analyze that the price will go to down way
so sell from 1318.63 to 1308.56
good luck

Bullish trend is still up, though gold closed slightly lower yesterday. Today, if gold is able to close above the pivot level, strengthening may occur leading to the 1327 level until 1335. Failure to break the pivot could make gold corrected down.

Spoiler:

http://i43.tinypic.com/2ahfuiu.png