In the time gold market is not so good . you wait some time market is update now trade cerfuly .........
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In the time gold market is not so good . you wait some time market is update now trade cerfuly .........
Continued the upward trend to control the movement of the price of gold yesterday to close a large-scale lateral resistance at 1629.00, and highlights the importance and sensitivity of this level of penetration that will push the price towards a more upward trend in the long and short term intraday.
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Overall, we expect to see more positive for the day, to remain stable trading above the 1596.00
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Expected trading range for today is between: Support and Resistance 1585.00 1640.00
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General tendency is expected for today: rising
---------- Post added at 11:57 AM ---------- Previous post was at 07:08 AM ----------
The price of gold is trading positively heading towards the pivotal resistance expected at 1629.00, noting that the stochastic enters overbought areas to provide opportunities for some of the recoil downward from the level in question.
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In general, the expectations remain positive list for the day and that requires stability above 1596.00
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Expected trading range for today is between: Support and Resistance 1585.00 1640.00
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General tendency is expected for today: rising
Gold has come to an area of resistance levels 1623-1630, while shopping, you can forget about, you just need to wait for a breakthrough and consolidation above 1630, but the Ichimoku signals to the north, still waiting for breakout of 1630.
The Gold pair on still nice bulls. the probably price to more bulls max. to touch that 1640.61 (for next several days) . Otherwise, the pullback bearish can still play for just bearish correction, I see. So, just be careful and use the Wise MM for trade with this pair.
Today again gold shall be closing another day in beautiful gains, though today it could not surpass 1630 level but as the trend is looking bullish and hot we expect this should surpass the resistance of 1630 in a day or two.
Base on financial Astrology I believe its time for gold to sell, thou we see some little up move on August 1st, but the down will prevail till second week on August.
Regards
It looks like gold is retained in the corridor of 1530-1630 ... the dollar's decline slightly pulled to an increase in asset .. but now there is a stop on high level .. so what are waiting for the breakdown of a strong movement or settling down and ...
The bulls trend still can probably here but with weak movement because = we know that now price enter to the supply area. I see = The max. bulls price movement = it can be touch to near the resistance 1640.61. Then, after that = the probably price to consolidation first near that supply area = yes can probably here, I see.
we can see that the pair has closed it's daily candle above 1800.00 so that's means that up trend is expected and the pair might head to 1850 and the 1865 but also the hourly correction is expected before continue in the up trend
---------- Post added 07-29-2012 at 01:31 PM ---------- Previous post was 07-28-2012 at 05:52 PM ----------
signal for bullish is appear i think because this pair can close above level 1.6000 and this pair might goes to level 1650 for next week,but if price goes down break level 1550 this pair will continue for bearish trend and reach level 1500 again ,good luck
short positions at 1617.0400 with 1609.7100 and 1601.7100 as next targets
the breakout of 1623.1600 will call for a slide at 1631.9700
http://www14.0zz0.com/2012/07/30/08/570276774.gif