Gold

GOLD
analysis for today 5 / 20 / 2014


Resistance 3 1363.98
Resistance 2 1326.48
Resistance 1 1307.73
Pivot Point 1293.15
Support 1 1286.57
Support 2 1267.82
Support 3 1228.92

BUY STOP 1307.73 STOP LOSS 1286.57 TAKE PROFIT 1326.48
SELL STOP 1286.57 STOP LOSS 1307.73 TAKE PROFIT 1267.82

Daily technical analysis for GOLD 21/04/2014
Gold should be subject to more sell off towards 1290.16 or 1287.88. Corrective upward swings should face resistance around 1299.82 area. A break of 1303.37 is bullish.

Key Point 1297.05
Entry Point 1291.54
Trendline 1 1296.98
Trendline 2 1288.46

Support 1 1287.88 Support 2 1281.49
Resistance 1 1298.82 Resistance 2 1303.37

analysis for today 5 / 21 / 2014

GOLD

Resistance : R1 1301.76 R2 1311.21 R3 1329.96
Support : S1 1286.70 S2 1277.25 S3 1258.50

Open : 1293.97
High : 1296.00
Low : 1292.46
Range : 354 Pips
Running Price : 1292.80

Strategy : BUY at the level 1292.80 stop loss at the level 1286.70 target take profit at the level 1329.96 or at the level 1367.46

analysis for today 5 / 21 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GOLD on the date 5 / 20 / 2014
OPEN 1292.78
HIGH 1296.60
LOW 1285.85
CLOSED 1293.97

The third resistance (R3) 1296.60 - ( 1292.14 - 1285.85 = 6.29 x 2 = 12.58 )= 1309.18
The second Resistance (R2) 1292.14 + 1296.60 - 1285.85 = 1302.89
First resistance (R1) 1292.14 x 2 = 2584.28 - 1285.85 = 1298.43
pivot points 1296.60 + 1285.85 + 1293.97 = 3876.42 / 3 = 1292.14
Support for the first (S1) 1292.14 x 2 = 2584.28 - 1296.60 = 1287.68
Support second (S2) 1292.14 - ( 1296.60 - 1285.85 = 10.75 ) = 1281.39
Third Support (S3) 1285.85 - ( 1296.60 - 1292.14 = 4.46 x 2 = 8.92 )= 1276.93

aj ki gold ki trade abhi tak down trend ky sath hy app ess ko 1300 pay kahin par b sell karo or phir ess ko app profit limit dy do 1385 tak ki or stop loss dy na zarori hy 1309 tak ka dy do, gold ki trade m kabhi b greed mat kar na ess m move bohat ziyada aata hy.

Daily analysis for GOLD
Gold flat correction up 1302.65, close to daily pivot point 1292.43

Elliott 1286.04
Closing 1294.28
Ex-Low 1286.04
Ex-High 1296.97

Support 1 1287.87
Support 2 1281.48
Resistance 1 1298.81
Resistance 2 1303.38

analysis for today 5 / 21 / 2014
GOLD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1289.96
Retracement (50%) 1291.23
retracement (61,8%) 1292.49

Extensions (61.8%) 1279.21
Extensions (100.0%) 1275.10
Extensions (138.2%) 1270.99
Extensions (161.8%) 1268.46
calculation based on a Fibonacci retracement then today I choose sell

analysis for today 5 / 22 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GOLD on the date 5 / 21 / 2014
OPEN 1293.97
HIGH 1296.00
LOW 1283.18
CLOSED 1291.74

The third resistance (R3) 1296.00 - ( 1290.31 - 1283.18 = 7.13 x 2 = 14.25 )= 1310.25
The second Resistance (R2) 1290.31 + 1296.00 - 1283.18 = 1303.13
First resistance (R1) 1290.31 x 2 = 2580.61 - 1283.18 = 1297.43
pivot points 1296.00 + 1283.18 + 1291.74 = 3870.92 / 3 = 1290.31
Support for the first (S1) 1290.31 x 2 = 2580.61 - 1296.00 = 1284.61
Support second (S2) 1290.31 - ( 1296.00 - 1283.18 = 12.82 ) = 1277.49
Third Support (S3) 1283.18 - ( 1296.00 - 1290.31 = 5.69 x 2 = 11.39 )= 1271.79

Gold par trading karna bahut hi jayda risky hoti hai , jis trader ki pass forex knowledge thik se nahi hai mare khayal se unko gold par traded karna nahi chaiye , kuk is me traded karne se agr jayda profit hoti hai to jayda loss bhi hoti hai , or gold ke liye investment bhi jayda hi hona chaiye ,

analysis for today 5 / 22 / 2014
GOLD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1288.08
Retracement (50%) 1289.59
retracement (61,8%) 1291.10

Extensions (61.8%) 1275.26
Extensions (100.0%) 1270.36
Extensions (138.2%) 1265.46
Extensions (161.8%) 1262.44
calculation based on a Fibonacci retracement then today I choose sell