Spoiler:
Daily Forecast
Pair: GOLD
Major Trend: Bearish
Time Frame: H1
Reason: Market still has a strong resistance at the pivot point at 1156.20, prior to the resistance at 1161.38. Seen on stochastic divergent pattern
Recommendation: Buy
Thread: Gold
Daily Forecast
Pair: GOLD
Major Trend: Bearish
Time Frame: H1
Reason: Market still has a strong resistance at the pivot point at 1156.20, prior to the resistance at 1161.38. Seen on stochastic divergent pattern
Recommendation: Buy
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gold ek mehngi commodity hain jiss pay achay khasay aur behter log kam karty hain is lye agar koi is pay kam karta hai aur is say kuch achay andaz me karta hai to wo zror chahe ga k us k lye ye business ek acha profit de aur acha kam kare.
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R1: 1,147.38
R2: 1,136.36
R3: 1,129.17
Support levels :
S1: 1,165.16
S2: 1,184.748
S3: 1,190.37
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i closed my buy order and just watching the movement waiting for some good entry if its able to hit the 1240 level then as us index moving avergence with gold it was a noise signal nothing much to predict...
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pair- gold
time frame to analysis- m30
the down movement of the gold is hold at the 1150.00 level and moving up side but again rejecting down from the resistance at 1163.80 level. the price is again down but may as correction. hold the long entry with profit target at 1200.00 and stop loss at 1130.00
good luck
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Gold prices continue following the descending trend channel formation since the later part of January and are currently trading near the $1402 - $1201 horizontal support, breaking which the channel support, near $1288, can become immediate support for the pair before it plunges to $1170 which is likely to restrict near-term decline of the yellow metal prices. On the break of $1175, the pair can plunge to $1142 - $1140 support zone. Alternatively, a pullback from the current prices can result the gold prices testing $1212 and $1218 before rallying to channel resistance line, near $1230, which can restrict the pair from moving upwards towards $1265 region.
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.
How can gold fall to 1219 even when the price is already at 1150 region. I think that you have made a post that is void, Senseless or a very possible copy and paste.Originally Posted by pritishahfx
Patience is Key.
XAU/USD Tradertip Technical Report and Forecast for Friday 13 February 2015
There is bearish potential for a fall to 1219.50 - 1214.97 while 1224.03 - 1227.53 resist. After this fall a recovery up to 1227.53 or 1231.03 is expected.
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pair- gold
time frame to analysis- m30
the down movement of the price is hold at the strong support at 1147.00 level and moving up side. this movement may as correction as rejecting from the daily resistance level 1164.28. the price may make a pull up from the 1155.75 level. long with profit target at 1180.00
good luck
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.
pair- gold
time frame to analysis- m30
the down movement of the price is hold at the strong support at 1147.00 level and moving up side. this movement may as correction as rejecting from the daily resistance level 1164.28. the price may make a pull up from the 1155.75 level. long with profit target at 1180.00
good luck
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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