Gold

Weekly forecast: GOLD 13-17 Oct. 2014

Technical analysis for weekly forecast for GOLD 13-17 Oct. 2014. In weekly chart GOLD shows bullish trend. At present GOLD above from the pivot point and going towards the 1st resistance level. If 1st resistance level breaks then next strong resistance level is 1323.12.

Pivot: 1212.96

Resistance levels

R1 1242.98
R2 1263.08
R3 1293.10
R4 1323.12

Support levels

S1 1192.86
S2 1162.84
S3 1142.74
S4 1122.64
Attachment 11883

A week bullish trend take a place on the hourly chart of the XAUUSD as the Blade oscillator is now at 2.828 area above the level of balance and at the same time the indicator is blue colored which is a week indication of bullish direction on the short term. On the chart itself you can see the moving average 5 sloping UP and then you can consider the last bottom drawn by it at 1228.68 as a good stop loss if you need it in case of buy orders which is very advised according to the indicators signals. http://bigimage.cz/photos/20141013141316067612744.gif

the price seems to move in upward trend today on the XAUUSD chart as there are a blue dots below the bars and as long as the price keeps higher than the strong support of 1192.61 which is also the weekly Pivot point then it seems that the price may keep going north till it can hit the weekly pivot resistance at 1242.89 .
In other scenario if the price can break the support 1192.61 and get a bearish signals by a red dots then it’s expected to keep going south till the support of 1162.51 as the next weekly Pivot point.
http://bigimage.cz/photos/20141013141316269115266.gif .

As you can see on the chart of XAUUSD the prices is now lower than the EMA line of 15 which could be used as a good sign of bearish trend for today.
Also the power line indicator is now above the 50 level which indicates a good upward direction signal.
One important thing else is the power momentum indicator which as you can see show a high power of the bearish trend which can be used to filter the entry of sell positions.
http://bigimage.cz/photos/20141013141316396182860.gif .

pair- gold
analysis time frame- h1

http://i59.tinypic.com/2hfpg2a.jpg

the price down movement is hold at the support 1218.30 level and its moving up side. if this is break the resistance at 1235.00 level then this up movement continue expected to the 1250.00 level. long with the take profit and stop loss at 1215.00
good luck

A fast look on the 0 chart will help you to recognize the up trend on the hourly chart as the Gann SSl indicator moving upward and showing a 0 color.
According to this signal I will go with the buy orders for the current day as long as the price can’t break the support area shown by the white grid almost at price 0 .
Also there is a signal that should be aware of on the Range indicator which has a buy range colored by 0 to indicate a buy direction.
Finally using the signals of Filter indicator shouldn’t be neglected and in this moment there is a 0 bar on the indicator to inform that we should wait for it to confirm the buy entry.
0

http://i57.tinypic.com/21dlzki.jpg

Pair: XAUUSD
Type of analysis: Technical
Time frame: H1
Trendline: Bullish above pivot
Fibonacci Indicator: Bullish expansion
William %R Indicator: Bullish (continouation trend)

Final decision: Bullish

According to the chart of XAUUSD there are a main up trend signal as the 2 EMA 5 and 6 moving Above the slow EMA of 35 then I guess I will take a buy positions once the other indicators confirm the bullish direction.
There are a dots below the candles for parabolic sar indicator to indicate a upward direction and also I can monitor a buy signal on the MACD indicator which moving above the level 0 for now beside the CCI line is at the Higher level to perform a upward signal.
As I said before according to the EMA locations buying is my favorite side for today as long as the price didn’t show any opposite bearish signals.
http://bigimage.cz/photos/20141013141318054111654.gif .

http://prntscr.com/4vpv89
analysis for today 10 / 13 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GOLD on the date 10 / 10 / 2014
OPEN 1223.69
HIGH 1225.17
LOW 1217.24
CLOSED 1222.90

The third resistance (R3) 1225.17 - ( 1221.77 - 1217.24 = 4.53 x 2 = 9.06 )= 1234.23
The second Resistance (R2) 1221.77 + 1225.17 - 1217.24 = 1229.70
First resistance (R1) 1221.77 x 2 = 2443.54 - 1217.24 = 1226.30
pivot points 1225.17 + 1217.24 + 1222.90 = 3665.31 / 3 = 1221.77
Support for the first (S1) 1221.77 x 2 = 2443.54 - 1225.17 = 1218.37
Support second (S2) 1221.77 - ( 1225.17 - 1217.24 = 7.93 ) = 1213.84
Third Support (S3) 1217.24 - ( 1225.17 - 1221.77 = 3.40 x 2 = 6.80 )= 1210.44

A clear cross is occurs on the momentum indicator on the XAUUSD chart as the blue line goes above the red one to perform a good buying signals for the current time By the way the yellow color is shown on the Oracle Strength indicator and then it can be considered as a upward direction signal for the XAUUSD To add strength to the direction the Oracle direction indicator should be useful and by a quick look you can see the blue color on the arrows to perform a upward signal on the short term Now according to these data I think a upward trend should be in action as long as the momentum buy cross still on the chart and a buy trades can be taken as long as the ATR indicator keep showing a buying signals.
http://bigimage.cz/photos/20141014141326298133567.gif .