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Gold fall to the downside continuously from 1190.00 and finally make a pin bar on Wednesday at the level of 1068.07 and move to slightly up side and reached at the level of 1077.00 now i wait again 1068 level if it is not brake this time then i must enter for buy with the stop loss below at the level of 10600 and take profit open
Gold trading ki wajah se tu mujhe loss hi hua hai aur mein ne kafi time se gold pe trade kerna choor di hai. Aur yeh week gold k lye kafi important hai because iss week US dollar ki Non farm payroll ki news aa rahi hai aur ager yeh news positive aati hai tu then Gold 1000 k level per aa sakta hai.
je han forex main gold ke trading bht he best trading hai es main best eanring hai ap gold ko watch kr ke he trading kro ge tu phr ap forex main sucess kr skate ho or gold bht juld ups and donw hota hai yahe waja hai ke log gold ke traidng ko like krte hai,
gold is at the psychological level of 1044.24. strong support weekly. possible price for the bull is still dominant. but if the psychological level, the breakdown will harrga down. the greatest opportunities still hold bull towards the first target of the target long 1305.70 1541.47
pair- gold
time frame analysis- m15
technical analysis-
http://i63.tinypic.com/fm3pra.jpg
the rsi indicator is showing oversold as moving level 30. the price is also moving up from the support at 1058.00. the price is now again down side but hold at lower support at 1082.30 level. if moved below the 1080.00 level then short with stop loss at the 1090.00
good luck.
Gold has broken through the line down trendline. it indicates that there is an opportunity to change the trend of the trend down to trend up in the H4 time frame. buy opportunities still exist. resistant gold at the price of 1087.37 if penetrated the great buy opportunity.
Spoiler:
pair- gold
time frame analysis- m30
technical analysis-
http://i64.tinypic.com/29ppudu.jpg
the down movement of the price is making correction from the support at the 1066.35 level and moving up. this may be not able to break the fibo resistance at 38.2 and will again down from the 1075.30 level. hold the short entry with stop loss at 1080.00
good luck.
Our Preference: Sell Below 1080 for the target 1058 levels.
Alternative Scenario: Nill
Technical Commentary:- In Weekly Chart :- Last week Gold was closed below the resistance level and closed as bearish candle so this week we can except on selling side with stoploss above last 2 weeks high of resistance :- which we have shown in attached image.
In Daily Chart :- Gold was trading in the sideways movement between key resistance and key support level and last day its was closed below the resistance level and trading with upper trend line so today we can except on selling side upto next support levels :- which we have shown in attached image.
In 4 Hour Chart and In 1 Hour Chart :- Gold was trading in the intraday triangle pattern on lower side and its trading in the sideways movement between key resistance level and key support levels and now its was trading near key resistance level of upper trend line, so we sell near resistance level and except upto next key support levels:- which we have shown in attached image.
visible trend in the time frame that is formed H1 trend is a trend dawn. thus identifying the trend is still going down towards support at harga1045.xx but if the price is not able to penetrate support at 1059.23 gold today will be up as a corrective movement.
Our Preference: Sell Below 1066 for the target 1053 levels.
Alternative Scenario: Nill
Technical Commentary:- In Daily Chart :- yesterday Gold was closed on lower side as bearish candle and closed below the key support level, its given conformation for selling side so we can except on selling side upto next key support levels :- which we have shown in attached image.
In 4 Hour Chart and In 1 Hour Chart :- Yesterday Gold was broken the lower trend line and its closed below the key support level of horizontal line and its trading in the sideways movement between key resistance level and key support levels and now its was trading near previous broken lower trend line so we sell near resistance level and except upto next key support levels:- which we have shown in attached image.