Gold

[azami]

seen from the H4 time frame for gold is still in a state of sideways. this can be seen from the price memantuk always on the same support and resistance. resistance at 1085.51 and support price 1047.81.

[CentreForex]

Our Preference: Sell Below 1080 for the target 1058 levels.
Alternative Scenario: Nill

Technical Commentary:- In Weekly Chart :- Gold was trading in the equidistant channel line and its was trading below the resistance level and its was trading below the upper trend line so this week we can except on selling side with stoploss above last week high :- 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 its was trading in the triangle pattern and now its was trading above the key resistance level of horizontal line and trading near upper trend line so today we can except on selling side from upper trend line to next support levels :- which we have shown in attached image.



In 4 Hour Chart:- Gold was trading in the equidistant channel line and its was trading above the short term resistance level so we can sell near upper trend line of resistance level and except upto next key support levels :- which we have shown in attached image.



In 1 Hour Chart :- Gold was trading in the sideways movement between key resistance level and key support levels and gold was trading near upper trend line of key resistance level of, so we sell near resistance level and except upto next key support levels:- which we have shown in attached image.



---------- Post added 12-22-2015 at 12:48 PM ---------- Previous post was 12-21-2015 at 12:52 PM ----------


Our Preference: Sell Below 1080 for the target 1058 levels.
Alternative Scenario: Nill

Technical Commentary:- In Daily Chart :- Yesterday Gold was tested upper trend line and it was closed on higher side and it was trading in the sideways movement between key resistance and key support level now its was trading below the key resistance of upper trend line so today we can except on selling side from upper trend line to next support levels :- which we have shown in attached image.




In 4 Hour Chart and In 1 Hour Chart :- Gold was trading with upper trend line and it was trading in the sideways movement between key resistance and key support level so we can sell near upper trend line of resistance level and except upto next key support levels :- which we have shown in attached image.

[forexxxx]

Current Gold is 1066 .The Gold alredy break the support level 1080 and go throgh to break the resistant level 1020 and my pradection is that it may reach the year of 2009 the rate of 650 .So be careful now to open any order in Gold because Gold movement now with very crazy.

[fxearner]

federal bank ne rate hike kardiya hai aur esliye gold ko buy karna abb bahut he jada risky hai kyunki usd agar strong hota hai to gold down hota hai,yahan ess baat ka samajh achhe se hona chahiye tabhi yahan bach sakte hai..

[CentreForex]

Our Preference: Sell Below 1066 for the target 1053 levels.
Alternative Scenario: Nill

Technical Commentary:- In Daily Chart :- Gold was trading in the equidistant channel lines and yesterday Gold was closed on lower side as bearish candle and closed below the key support level so we can except on selling side and except upto next key support levels :- which we have shown in attached image.



In 4 Hour Chart and In 1 Hour Chart :- :- Gold was trading in the equidistant channel lines and Gold was broken the key support level of horizontal line and we got closing below key support level and yesterday tested the key support 1048 levels so today we can sell near major resistance levels and except upto next key support levels:- which we have shown in attached image.

[CentreForex]

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 of horizontal line and now gold was trading near key resistance level and given conformation for selling side so we can except on selling side with tight stoploss above yesterday high and except upto next key support levels :- which we have shown in attached image.

In 4 Hour Chart :- Yesterday Gold was broken the key support level of horizontal line and we got closing below key support level and already gold was trading in the equidistant channel line and it was trading in the sideways movement between key resistance level and key support levels and now its was trading near resistance level so we sell near resistance level and except upto next key support levels:- which we have shown in attached image.

and In 1 Hour Chart :- Gold was trading in the equidistant channel line & trading in the triangle pattern, If the lower trend line breaks means we can except on selling side and now its trading near intraday resistance level and trading near intraday upper trend line of triangle pattern so we can sell near resistance level and except upto next key support level :- which we have shown in attached image.

[ng1985]

pair- gold
time frame analysis- m15

technical analysis-



the price is making double bottom chart patter with the support at 1060.00 and nick line of resistance 1068.00 level. if this resistance is break then price may moved to the higher resistance at 1080.00 long with the stop loss at 1050.00
good luck.

[CentreForex]

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.

[azami]

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.

[CentreForex]

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.