the near-term rally may gather pace in which is expected to be delivered by end of September 2015 means that up trend is expected and the pair might head but also the hourly correction is expected before continue in the up trend.
Printable View
the near-term rally may gather pace in which is expected to be delivered by end of September 2015 means that up trend is expected and the pair might head but also the hourly correction is expected before continue in the up trend.
Daily Forecast
Major Trend: Bearish
Time Frame: H1
Reason: There are indications that the market is still going to close the gap at the bottom of 1206.47. But for now the market is still a correction in 1210.60
Recommendation: Sell
Gold trading volatility witnessed on Tuesday near the highest level in seven weeks recorded yesterday in light of the weak dollar and increased demand for the precious metal after growing market confidence that the Fed will continue to postpone the decision to raise interest rates probably to the last quarter of this year
And fueled the weak US jobs data on non-farm sector expectations that the Fed Serjie anticipated increase interest rates this year reinforces the lure of gold as a safe haven. The recorded data released last Friday, the slowest pace of growth in more than a year.
Technically: the precious metal fell today to 1210 levels after the summit record at $ 1224 levels where it is possible that the price to cover the gap left behind before he starts up
To levels of $ 1235 and we still expect more of the Ascension at 1235 levels of states and then $ 1,300 levels in the medium term
pair- gold
time frame to analysis- m30
http://i62.tinypic.com/9h2ftf.jpg
the price up movement is rejecting down side from the resistance at 1222.30 level and break the lower support at 1214.50 level. the macd indicator is also in the down trend side. the price may moved to the lower support at 1196.40 level then pull up. hold the long entry with stop loss at 1182.00
good luck
Dear rolling if you want to grab an early opportunities and open transactions in the morning, you can start implementing your operations as long as prices move within the area between (1217.40) and (1210.57) because it is the height of the opening of the new area of operations during the morning hours
Gold commodity is a very goo thing, But it needs a good amount of analysis by a trader. Gold is very Volatile than all Forex pairs, I try my best to control my lot sizes at the time that i trade Gold.
Trading Signal - 07/04/2015 - 10:00 (GMT +2)
Instrument: GOLD
Time : 60min CHART
Trend & Condition : Upwards Weak
The completion of trend reversal formations at 1215 has forced us to close our position earlier than we had planned. Now we are looking for the next opportunity to enter the market
Support & Resistances :
1211 1230
1202 1252
1193 1256
http://dl.dropbox.com/u/51561036/scr...408-021523.png
daily overview for Gold
r3: 1232.13
r2: 1228.05
r1:1221.34
s1: 1210.55
s2: 1206.47
s3: 1199.76
the pair broke the channel to up
so our trade for the pair is buy
hanji gold me hamesha lot size aapko tight rakhna hoga aur esme hamesha control me rehkar aapko trading karna hoga kyunki gold bahut he jada volatiule hota hai agar aap esko baaki ke currency pairs ke saat deal karte hai to..Quote:
Originally Posted by ishvara
Gold fell on Tuesday, with the recovery of the dollar and the rise in global equities, but uncertainty about the timing of the lifting of US interest rates kept the precious metal, not far from the highest level in seven weeks above $ 1,200 an ounce
Gold scored its highest level since February 17 at $ 1224.10 an ounce on Monday, supported by the dollar decline after weak US jobs data fueled expectations that the Federal Reserve (Fed) may delay lifting expected to benefit this year.
*
Technically: Fell precious metal today to $ 1207 levels after the summit record at $ 1224.10 levels, where it is possible that the cover price gap left behind by the stems up to $ 1235 levels and maximum landing we expect it will be at the rising trend levels Frame Daily at levels $ 1,200 per ounce and we still expect more of the Ascension at 1235 levels, states and then $ 1,300 levels in the medium term
Spoiler: