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The price is moving above the wave of EMA indicators to perform a shape of bullish direction through the day at the chart of XAUUSD pair.
And with a buy signal showing on the RSI indicator which have the line going above the center line of 50.
This also can be merged with the data of Macd indicator as you can see the green lines is heading up to inform that the market bulls have the control at the market for the current period.
Then I think going with the bulls at the current day and keep at the market until another sell signals shown on the cart by getting the price under the wave of EMA indicators .
http://bigimage.cz/photos/20141203141758914111449.gif
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On the XAUUSD a bullish cross is currently taking place between the 9 and the 152 EMAs indicating by that the possibility that the price will be heading north soon.
After monitoring the histogram indicator we can notice that a green line is starting to take shape forming by that a bullish signal for the pair by being located over the 0 histogram level.
As for the market emotion indicator which is giving us a green line meaning by that that the price will be starting to rise to reach higher prices.
On the guru angle indicator we can notice that the slope is currently moving above the 0 level colored as green indicating by that a bullish direction now.
Clearly we can see that the price might be heading north in order to test the next resistance located at the price 1200.37 that's why I do recommend that as long as the indicators keep showing the same signals we should go with buy orders.
http://bigimage.cz/photos/20141203141758962859621.gif
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On the XAUUSD hourly chart we can see that a weak bearish trend is happening as the Blade oscillator is now at the 3.118 area below the level of balance and also the indicator is colored in blue that is a weak indication of bearish direction on the short term.
Another buy signal is shown on the moving average indicator as it is heading upward to let me think that the last top performed at 1200.05 could be a good place to set any sell position's stop loss level at .
http://bigimage.cz/photos/20141203141759057921268.gif
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For today's analysis on the XAUUSD since we can see that the price located above the level 1200.04 colored in grey which can be considered a support point according on the MBFX indicator.
On the other hand the vestro indicator is showing us a bearish saturation as its last signal.
up in this situation targeting the next MBFX level located at the resistance of the price 1210.32 which could be our primary buying target and if it kept going on the same pace then the resistance located at 1220.6 could be considered as our secondary target but in case the price breaks the level 1193.69 then this would be the time to start thinking about selling orders as the price will stop heading up http://bigimage.cz/photos/20141203141759102180192.gif
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As I can see on the XAUUSD hour chart the daily open for today was higher than the last day which can be a good signal for a north direction of the market.
Now when focusing on the chart you can easily get the signal form the green up arrow which shown below the price candles to indicate a probably of bullish direction on the upcoming day.
And about the strong levels that the price may need to fight in order to break it you can monitor that there is a strong resistance located at the price 1214.55 and I think it is hard for the price to break it up then I guess I will use it as a primary take profit level for any long positions that I may enter.
I also always keep an eye on the check and trader indicators to help me filtering the fake trend signals and they have to show a blue line for the check and a green color for the trend indicator before I decide to enter the long positions.
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analysis for today 12 / 3 / 2014
GOLD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1202.91
Retracement (50%) 1201.29
retracement (61,8%) 1199.66
Extensions (61.8%) 1216.64
Extensions (100.0%) 1221.88
Extensions (138.2%) 1227.12
Extensions (161.8%) 1230.37
calculation based on a Fibonacci retracement then today I choose buy
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pair- gold
analysis time frame- m30
http://i62.tinypic.com/20r448n.jpg
the down movement of the price is hold at the support 1191.90 level and moving up side. the macd indicator is also in the up trend side . the price is also above the pivot point level. this may be moved to daily resistance level two at 1221.50 level. hold the long entry with stop loss at 1180.00
good luck.
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The movements of Gold Commodity is very erratic now, I have taken my Eyes off it for some moments. Gold touched 1131 Dollar per troy Ounce, I made a mistake of not buying there and then,
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The price is moving above the wave of EMA indicators to perform a shape of bullish direction through the day at the chart of XAUUSD pair.
And with a buy signal showing on the RSI indicator which have the line going above the center line of 50.
This also can be merged with the data of Macd indicator as you can see the green lines is heading up to inform that the market bulls have the control at the market for the current period.
Then I think going with the bulls at the current day and keep at the market until another sell signals shown on the cart by getting the price under the wave of EMA indicators .
http://bigimage.cz/photos/20141204141767420124480.gif
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As you can see on the XAUUSD chart in front of us the blue line’s position in the moment indicator is below the red line which means a good selling signal should be occurring.
also the yellow color shown in the oracle strength indicator means that a upwards direction signal is going to take place.
The oracle direction indicator could serve as a filtering tool with the red colors shown on the arrows meaning that a downward signal would be taking place in short term trades.
Summing all that up in my opinion I do think that the trend would be taking a downward direction but that can only happen if the moment sell cross was taking place on the chart And as long as the ATR indicator keeps showing selling signals then without doubt the sell trades would be a better choice for entry.
http://bigimage.cz/photos/20141204141767460139591.gif