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Trading Signal - 31/03/2015 - 10:00 (GMT +2)
Instrument: GOLD
Time : 60min CHART
Trend & Condition : Downwards Strong
The market is testing support at 1180. We are waiting to see reversal signals in order to reinstate LONG positions. Next important support the 1165 level.
Support & Resistances :
1179 1189
1175 1195
1171 1204
http://dl.dropbox.com/u/51561036/scr...401-013042.jpg
pair- gold
time frame to analysis- m30
http://i61.tinypic.com/2qlwgad.jpg
the up movement of the price is not able to break the resistance at 1219.00 level and falling down side that is hold at support 1180.75 level. its making correction but if break resistance at 1190.00 level then long with profit target at 1207.00 and stop loss at 1173.00
good luck
Gold prices rose with the first second-quarter sessions, after three consecutive sessions of declines pushed prices to their lowest level in a week, this comes in an attempt to recoup some of the gold losses against the dollar since the recent statements of the President of the Fed, gold prices fell during the month of March 2.4%, a decline for the second consecutive month, the decline in gold levels comes after a rise in the dollar after Janet's comments unrelenting head of Fed during which indicated that the rise in interest rates is likely to have come through this year, but ****ually in light of the economy improved conditions US.
Technically: managed gold at the beginning of this week that the condition of a people to break the US $ 1190 levels per ounce and reached the strong support level of $ 1177.70 and wear them again, but it is trading lower resistance levels in 1190 dollars, so the goal next be at $ 1170 levels per ounce to build on the downtrend is broken on four Frame hours before returning to the rise again.
Daily Forecast
Pair: GOLD
Major Trend: Bullish
Time Frame: H1
Reason: Market is still possible to establish a long shadow for correction at 1190.80. coupled with a market has been rejected in the first resistance at 1208.13
Recommendation: Sell with a target of 1191.00
Gold prices rose yesterday by more than 2% after the negative data released yesterday by the US economy, especially from the report of jobs in the private sector, which came less than expected to increase the uncertainty about the government jobs report which will be released this Friday, the uncertainty by investors them to transfer part of their investments to the safe haven of gold which is before the US jobs report, which comes less than expected, which would cause significantly heavy selling on the US dollar, and may lead to further gains in the gold markets.
Decline in the number of new jobs will increase the idea of not accelerate monetary policy makers to raise interest rates, which increases the sales on the US dollar in favor of gold, which is to regain its status as a safe haven in the financial markets in the absence of current operations to make sure the market
Technically rebounded gold yesterday at $ 1178 levels in the first sessions of the month of April and the first second quarter sessions after negative data yesterday from the US economy and expect it to continue to climb the pair to $ 1218 levels per ounce at the very least it is still possible to climb up to $ 1,300 levels also in the case of the US tomorrow's data came Ptaúj weak hiring and increasing unemployment rates.
daily forecast
Pair: GOLD
Major Trend: Bullish
Time Frame: H4
Reason: market has 61.8 fibo correction. And for now, will lead to the top of the Fibo 100 in 1208.13, or directly to 1225.23
Recommendation: Buy
Stabilized trading gold prices during the Asian session today at around the level of $ 1,200 an ounce, and in the absence of liquidity of the financial markets after the closure of many markets around the world because of the holidays, and closed financial markets in both Australia and New Zealand, Hong Kong, Europe and the United States on Friday because of holidays, which prompted the liquidity and trading volume in the financial markets to the lowest level which is what causes the stability of gold around the level of $ 1,200 an ounce, without significant changes.
Technically rebounded gold to $ 1178 levels in the first sessions of the month of April and the first second quarter sessions after negative data yesterday from the US economy and expect it to continue to climb the pair to $ 1218 levels per ounce at the very least it is still possible to climb up to $ 1,300 levels also in the case data came US today Ptaúj weak hiring and increasing unemployment rates.
Daily Forecast
Pair: GOLD
Major Trend: Bullish
Time Frame: H4
Reason: Because the market has been opened in over a third daily resistance at 1212.50, then predicted the market would be to 1222.56, before going down to close the gap in 1204.09
Recommendation: Sell limit in 1222.56
Gold rose for a second session in a row approaching the highest level in three weeks on Monday after US jobs increased at the slowest pace in more than a year, fueling expectations not to raise interest rates soon by the US Federal Reserve.
Technically: Gold rose to a projected our goals at the 1218 and we still expect more of the Ascension at $ 1235 per ounce levels and then $ 1,300 levels in the medium term
pair- gold
time frame to analysis- m30
http://i57.tinypic.com/33ndpjt.jpg
the price is making higher to high and the macd indicator is high to lower side. if the price is again down from the resistance at 1221.50 level with macd lower divergen. if the price is move below the 1214.00 then short with profit target at 1190.00 and stop loss at 1232.00
good luck
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