Daily Forecast
Pair: GOLD
Major Trend: Bearish
Time Frame: H1
Reason: There is a bullish pattern that is not accompanied by the shadow beneath it in the price of 1199.08, chance the market will retest below the price
Recommendation: Sell
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Daily Forecast
Pair: GOLD
Major Trend: Bearish
Time Frame: H1
Reason: There is a bullish pattern that is not accompanied by the shadow beneath it in the price of 1199.08, chance the market will retest below the price
Recommendation: Sell
Gold bounces from the resistance – Analysis - 20/02/2015
The bearish channel’s resistance managed to stop Gold price’s positive attempts yesterday, to bounce bearishly and continue to move inside the mentioned channel, which is supported by the EMA50, waiting to target 1182.00 level as a next main station.
Stochastic current positivity might push the price for some temporary bullish bias again, but overall, the bearish trend will remain valid and active unless breaching 1224.00 then 1238.20 levels and hold above them.
Expected trading range for today is between: 1182.00 support and 1224.00 resistance.
Expected trend for today: Bearish
---------- Post added at 07:56 PM ---------- Previous post was at 07:50 PM ----------
Midday update for Gold 20/02/2015
Gold price shows negative trading to begin to test the psychological barrier at 1200.00, to keep our bearish trend expectations efficiently for today, which its main targets located at 118.00, while achieving it requires holding below 1224.00 and the most important below 1238.20.
The EMA50 continues to support the expected bearish wave.
Expected trading range for today is between: 1182.00 support and 1224.00 resistance.
Expected trend for today: Bearish
I think gold ke under forex ki trading insan ko bohat zaldi down se up ki tarf le ker ja sakte hain.lekin gold ki trading is baat ka khas kheyal rakha jata he keh forex trading ki markeet main jetna jaldi up hota he utni jaldi down bhi hota he.
Update: Gold bounces again
Gold price bounced bearishly after approaching the bearish channel’s resistance again, and stochastic is about to offer a negative overlapping signal on the four hours time frame, which supports the continuation of the bearish trend overview on the intraday basis, reminding you with our main waited target at 1182.00.
---------- Post added at 08:21 PM ---------- Previous post was at 08:03 PM ----------
Gold prices continue following the descending trend channel formation since the later part of January and are currently trading near the $1202 - $1200 horizontal support, breaking which the channel support, near $1188, can become immediate support for the pair before it plunges to $1170 which is likely to restrict near-term decline of the yellow metal prices. On the break of $1170, the pair can plunge to $1140 - $1138 support zone. Alternatively, a pullback from the current prices can result the gold prices testing $1210 and $1218 before rallying to channel resistance line, near $1230, which can restrict the pair from moving upwards towards $1260 region.
---------- Post added at 08:41 PM ---------- Previous post was at 08:21 PM ----------
GOLD TECHNICAL ANALYSIS – Prices challenging pivotal support at 1197.86, marked by the intersection of a channel floor, a rising trend line and the 61.8% Fibonacci retracement. A break below this barrier exposes the 76.4% level at 1171.96. Alternatively, a reversal above the 50% level at 1218.80 targets channel top resistance at 1227.65.
gold ke market hamysha good profit dyti ha jab ap market ky trend ko smhj rahy hn us ke buy and sell condition ko
analysis for today 2 / 23 / 2015
GOLD
Resistance : R1 1210.01 R2 1219.46 R3 1238.21
Support : S1 1194.11 S2 1184.66 S3 1165.91
Open : 1203.37
High : 1203.41
Low : 1200.71
Range : 2.70 Pips
Running Price : 1202.43
Strategy : SELL at the level 1202.43 stop loss at the level 1210.01 target take profit at the level 1165.91 or at the level 1128.41
gold rading krny waly ko zmeen sy utha kr asman p b poncha skta hy aur asman sy zmeen pr b gra skta hy gold makeet bhot tazi sy brhty aur ghty hay is mn trad krny wala tkht ya tkhta walai bat p chlta hy
pair- gold
time frame to analysis- m30
http://i57.tinypic.com/2zempdy.jpg
the price is showing down trend as its making lower to low but the rsi is now up side. if the price is break resistance trend line at the 16.40 level long with take profit at 16.75 and stop loss below the 15.90
good luck
Daily Forecast
Pair: GOLD
Major Trend: Bullish
Time Frame: H1
Reason: The RSI indicator pursed, and market entry up suuport at 1198.52, the possibility of the market will lead to 1215.52 to retest the resistance.
Recommendation: Buy
i don`t trade with this metal . but i want to share my view on this pair
on 1h time frame we will see up move very soon to 1224.30 -1225.40
but in the long terms maybe we will see very good up trend to 1302.20
and that maybe will be between 10 to 24 days :)