Price is up $5 after market open and formed another bullish candle on daily chart, if its able to break the 1551 then we saw some quick rally toward all time high, Hold on buy order till all time.
Thread: Gold
Price is up $5 after market open and formed another bullish candle on daily chart, if its able to break the 1551 then we saw some quick rally toward all time high, Hold on buy order till all time.
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To-day Gold Resistance & Support
Resistance level
1 Resistance level 1311.35
2 Resistance level 1311.48
3 Resistance level 1312.30
//////////
Support level
1 Support level 1309.79
2 Support level 1310.60
3 Support level 1309.45
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Gold Technical analysis:
Support
1-Support 1310.66
2-Support 1313.51
3-Support 1311.35
Level of Resistance
1-Resistance 1308.62
2-Resistance 1305.79
3-Resistance 1307.95
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For short term trader in gold there is a good technical today because if we look the chart in the picture above, gold go to up after touched monthly support level 2 yesterday in american session.
In asian market today ma 16 had crossed up ma 96 .It can indicate that the price will go up, below trend analysis today with ma system:
ma 16 as short term trend indicator= up
ma 96 as medium term trend indicator= sideways
ma 480 as long term trend indicator = down
So the trend is up weak short term
I predict the price will go up again until weekly support 2 area 1601.57
If looking mreinstein stochastic signal tf h1 & h4 in overbought area now, so before up again ,gold price may down then retrace up
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Official data Friday showed that U.S. consumer sentiment rose to its highest level in five years in October. The University of Michigan said that its consumer sentiment index rose to a seasonally adjusted 83.1 from 78.3 in September, the highest level since September 2007.
The data came one day after the U.S. Department of Labor said the number of individuals filing for initial jobless benefits fell by 30,000 to a seasonally adjusted 339,000 in the previous week, compared to expectations for an increase of 1,000.
It was the lowest reading since February 2008, reinforcing the view that the U.S. labor market is improving, following last week�s stronger-than-expected non-farm payrolls report.
The Federal Reserve announced last month that it will buy USD40 billion of mortgage-backed securities each month until the U.S. labor market improves.
In the week ahead, markets will continue to continue to focus on whether Spain will formally request a bailout and if international creditors will extend loans to Greece as the country struggles to meet deficit reduction targets.
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gold as main money! LOOK at gold monthly chart, what you see? > gold is only rising, inflation, bank of world is giving loan to to all country,;s by 1 or 2%, but where they will get these 2%? only by making another loan! and more and more money is out in forex market, and more and more money is equal to gold! gold will keep rising for ever, i know for sure, there will be many good pullbacks, because country; like USA will get economy back, and give back it;s loan
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The way I see it, due to seasonal strength in gold, a new high will be printed very soon in september. There will be room time-wise to get in long upon a retrace to 1780-1800 area for a target of 1940-1960, which is expected to be delivered by end of September 2011.
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According to my analyses markeet of gold is moving to down ward .
Trend is . . . . . . . . . bearish
Position is . . . . . . . . buy
Crunt rate is . . . . . . . .1293.02
Resistance level
1 . . . . . . . . . . 1295.55
2 . . . . . . . . . . .1302.35
3 . . . . . . . . . . . 1307. 45
Support level
1 . . . . . . . . . . . 1290.35
2 . . . . . . . . . . . 1285.55
3 . . . . . . . . . . . 1280.20
It become successfull for you. . thanks
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Today's market technical analysis for gold
price 1292
market trend is going bearish
market have good trading position for the sell traders
market resistance and support levels could as
1-Resistance level = 1298
2-Resistance level = 1304
3-Resistance level = 1308
1-Support level = 1288
2-Support level = 1282
3-Support level = 1276
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Aj ka din gold bohat down raha. Trend sell tha. Night
12.30 banay k bad 1391.45 points sy wapis turn kia
Aj zyda earning hasal krnay ka acha time tha.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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