Gold

[pritishahfx]

Gold Morning Technical Report 10/3/2015

Gold has failed to take out the initial resistance of 1172.00 where 76.4% Fibonacci of the above seen wave exists; whilst the daily closing below it warns of extending the bearishness. The clue for the next wave resides at 1151.00 level, as coming below it will be a new negative signal and it will assist traders to ignore the oversold sign on RSI14. Anyway, stability below Linear Regression still suggests further declines.

On the upside, breaching through 1198.00-1200.00 zones will bring a strong upside recovery.

[ng1985]

pair- gold
time frame to analysis- m30



the down movement of the price is making correction from the support at 1165.00 level with making doji pattern. the macd indicator is also above the zero level. if the price is break 1175.50 level long with profit target at 1200.00 and stop loss at the 1150.00
good luck

[pritishahfx]

Midday update for Gold 09/03/2015

Gold price trades with slight bullish bias approaching from retesting 1181.00 level as preferred in our morning report, as long as the price below this level, so our bearish trend expectations will remain active for today, waiting for visiting 1155.00 then 1142.60 levels mainly.

Stochastic current positivity explains the bullish bias reasons, reminding you that breaching 1181.00 will push the price towards 1205.40 before any new attempt to decline.

Expected trading range for today is between: 1150.00 support and 1181.00 resistance.

Expected trend for today: Bearish

[kelvin566]

with regard to the daily chart the gold is on a bear market it still trading down its moving average 100 and 50 on the hourly chart the gold is below it s moving average 100 and 50 and it has bounced from a support zone at 1158.27 it may find resistance at moving average 50 at the hourly chart where there is a rsistance made by the ichimiku indicator which represent a good zone to short from it to the support at 1158.27

[pritishahfx]

Gold extends its bearish targets – Analysis - 09/03/2015

Gold price settled below 1181.00 level after last Friday’s strong break, which opens the way to extend the bearish wave to reach 1155.00 then 1142.60 levels on the near term basis, as trading is organized inside a bearish channel that appears on the above chart.

Therefore, the bearish trend will be expected for the upcoming sessions, might be preceded by some temporary rise to retest 1181.00 level before declining again, noting that breaching this level will push the price to recovery attempts that target 1205.40 level on the intraday basis, which represents the bearish channel’s resistance.

Expected trading range for today is between: 1150.00 support and 1181.00 resistance.

Expected trend for today: Bearish

[pritishahfx]

GOLD TECHNICAL ANALYSIS – Prices resumed their push downward to test support at 1163.43, the 50% Fibonacci expansion. A break below this barrier exposes the 61.8% level at 1149.35. Alternatively, a rebound above the 38.2% Fib at 1177.51 targets the 23.6% expansion 1194.94.

[sguha]

Dear gold me traded karna bahut hi acche hai is me traded karne ki liye agr trader experience hai or traded ki acche knowledge hai to is gold me traded karke big money income kiya ja sekte hai , lakin galti se big loss bhi ho sekte hai .

[fxearner]

nfp strong aane ki wajah se usa ka rate hike ka demand increase hogaya hai aur esliye gold ne ess year jo bhi gain kiya tha wo sabb reverse hogaya hai aur aage future me bhi gold ko down he bataya ja raha hai..

[pritishahfx]

Gold price trades with a slight bearish bias in attempt to move away from 1205.00 level, to keep the bearish trend scenario active for today, and our next main target at 1181.00.

Note that breaking the targeted level will extend gold losses to reach 1142.60 areas, while the suggested decline will remain valid unless breaching 1205.00 and holding above it.

Expected trading range for today is between: 1181.00 support and 1220.00 resistance.

Expected trend for today: Bearish

[kelvin566]

the weekly out look of the gold the dold is on a key level even the trend is down and the bear is on the market may go sideways this week thethecbical indicator stil red and showing a down trend but the level on whiwh the market is do not represent an opprotunity to sell we would to look at the daily chart to look for a short position