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the up blue arrow located below the price determines that a bullish trend is taking place at the moment on the XAUUSD pair also the buy cross taking place between the snake and T2_clean verifies it even more.
the resistance 1204.35 is a strong level and it could be used as a take profit level to minimize the losses if the price headed the opposite direction or if it got penetrated and kept heading up then the price will keep buying On the other hand a strong stop loss level could be initiated at the support of the price 1192.8 I think buying would be the wisest decision at the moment unless another opposite sell signal is formed or if a red down arrow appears http://bigimage.cz/photos/20141119141638478877536.gif .
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Gold Technical analysis for November 19, 2014 Gold price is in a short-term up trend as price is making higher highs and higher lows. Gold price has almost reached the 61.8% retracement of the decline from $1,255 to $1,130. Strong resistance is at that level and it is also a possible reversal level. This bounce from $1,130 is a counter trend and I continue to believe we could see $1,050.
---------- Post added at 03:28 PM ---------- Previous post was at 03:27 PM ----------
Gold price remains above the Ichimoku cloud and this shows that strong support is found at $1,145-$1,155. The upward move from $1,130 is at its final stages and I continue to believe it is a counter trend move. I expect a trend reversal soon. The first sign of such a reversal will come once prices break below $1,190.
Gold price has broken the short-term sideways consolidation in the $1,190 area to the upside and is trying to make a run towards $1,205-$1,210 which is the next resistance level. Breaking below $1,190 will push Gold price towards the important support of $1,185-$1,180. Breaking the blue support lines will signal more weakness and the start of a short-term trend reversal to the downside.
---------- Post added at 03:29 PM ---------- Previous post was at 03:28 PM ----------
Gold price remains above the Ichimoku cloud and this shows that strong support is found at $1,145-$1,155. The upward move from $1,130 is at its final stages and I continue to believe it is a counter trend move. I expect a trend reversal soon. The first sign of such a reversal will come once prices break below $1,190.
Gold price has broken the short-term sideways consolidation in the $1,190 area to the upside and is trying to make a run towards $1,205-$1,210 which is the next resistance level. Breaking below $1,190 will push Gold price towards the important support of $1,185-$1,180. Breaking the blue support lines will signal more weakness and the start of a short-term trend reversal to the downside.
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pair- gold
analysis time frame- m30
http://i58.tinypic.com/2rmnwcw.jpg
the price is break the resistance at 1192.40 and making correction from the resistance at 1202.00 level. lower side this is also hold at the support and making pull up. if the price is break resistance then long with profit target at 1250.00 and stop loss at 1184.00
good luck.
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gold me bahut he jada down dekhne ko mila hai aur kaha ja raha hai ki ye $900 aanewala hai esliye ess pair me buy agar kisi ka trade hai to usse close he kardena chahiye kyunki bahut he jada movement down me ye jaane wala hai..
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Trading Signal - 19/11/2014 - 10:00 (GMT +2)
Instrument: GOLD
Time : 60min CHART
Trend & Condition : Upwards Strong
The market is testing support at 1190. We are waiting to see reversal signals in order to reinstate LONG positions, or alternatively the upward
break of the 1205 resistance level. Next important support the 1182 level.
Support & Resistances :
1190 1205
1182 1210
1168 1218
http://dl.dropbox.com/u/51561036/scr...119-224152.jpg
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forex trading main jo sab se best trading hai who gold ke he hai or maine es se bht zida earning ke hai laken unforunatly mera account blok ho gia or es weak bhe main profit main he ja rha tha,
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Daily Forecast
Pair: GOLD
Major Trend: Bearish
Time Frame: H4
Reason: RSI has broken through the line 50 and move down. Price has broken through the middle line of Bollinger bands. Chances are the price will go to 1164.65 and if broken, the price will continue to Weekly Support area 2 in 1129.40
Recommendation: Sell with a safely target in 1164.65
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the price seems to move in downward trend today on the XAUUSD chart as there are a red dots above the bars and as long as the price keeps lower than the strong resistance of 1205.7567 which is also the weekly Pivot point then it seems that the price may keep going south till it can hit the weekly pivot support at 1158.3167 .
In other scenario if the price can break the resistance 1205.7567 and get a bullish signals by a blue dots then it’s expected to keep going north till the resistance of 1223.1933 as the next weekly Pivot point.
http://bigimage.cz/photos/20141120141644818143521.gif .
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http://prntscr.com/5869l8
analysis for today 11 / 20 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GOLD on the date 11 / 19 / 2014
OPEN 1196.74
HIGH 1201.95
LOW 1174.93
CLOSED 1182.64
The third resistance (R3) 1201.95 - ( 1186.51 - 1174.93 = 11.58 x 2 = 23.15 )= 1225.10
The second Resistance (R2) 1186.51 + 1201.95 - 1174.93 = 1213.53
First resistance (R1) 1186.51 x 2 = 2373.01 - 1174.93 = 1198.08
pivot points 1201.95 + 1174.93 + 1182.64 = 3559.52 / 3 = 1186.51
Support for the first (S1) 1186.51 x 2 = 2373.01 - 1201.95 = 1171.06
Support second (S2) 1186.51 - ( 1201.95 - 1174.93 = 27.02 ) = 1159.49
Third Support (S3) 1174.93 - ( 1201.95 - 1186.51 = 15.44 x 2 = 30.89 )= 1144.04
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On the XAUUSD chart you can see a bearish trend due to the red color of the super trend and it is the main indicator to know the price movement direction.
The Nonlong dot is colored in blue and that is an indication for a buy signal.
The signals now are showing a weak bearish trend also the sell trades can take place as soon as the Nonlog indicator has changes to confirm the new direction.
When we talk to the stop loss area we can think about two ways to end first if the price reaches the resistance of 1183.7 and the second when the super trend changes its color to green that means that the bearish trend has ended .
http://bigimage.cz/photos/20141120141646549157097.gif
Spoiler: