Thread: Gold
GOLD TECHNICAL ANALYSIS – Prices are set to challenge pivotal support at 1197.86, marked by the intersection of a channel floor, a rising trend line and the 61.8% Fibonacci retracement. A break below this barrier exposes the 76.4% level at 1171.96. Alternatively, a reversal above the 50% level at 1218.80 aims for the 1236.17-39.73 area (38.2% Fib, channel top).
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pair- gold
time frame to analysis- m30
the down movement of the price is hold at the support 1205.00 level and moving up side but again rejecting from the resistance at 1210.70 level and macd is also in the down trend side. hold the short entry with profit target at 1180.00 and stop loss at 1215.00
good luck
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Gold under the negative pressure – Analysis - 18/02/2015
Gold price’s trading settled below 1213.20 level, which provides more support for the continuation of the bearish trend expectations, where the price is organized within a bearish channel that have negative targets reach to 1182.00.
The EMA50 keeps pushing negatively on the intraday trading, reinforcing the bearish trend expectations, where its continuation requires holding below 1231.00 – 1238.30 levels.
Expected trading range for today is between: 1182.00 support and 1231.00 resistance.
Expected trend for today: Bearish
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analysis for today 2 / 18 / 2015
GOLD
Resistance : R1 1215.57 R2 1225.02 R3 1243.77
Support : S1 1200.25 S2 1190.80 S3 1172.05
Open : 1209.40
High : 1209.55
Low : 1206.27
Range : 3.28 Pips
Running Price : 1206.59
Strategy : SELL at the level 1206.59 stop loss at the level 1215.57 target take profit at the level 1172.05 or at the level 1134.55
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Gold begins the breaking process – Analysis - 17/02/2015
Gold price begins the attempts to break the minor rising wedge’s support that appears on chart, which represents negative motive that we are waiting to support the continuation of the bearish trend for today, as we are still suggest witnessing negative trading on the intraday basis that targets 1200.00 mainly.
The EMA50 continues to push on the price to support the suggested decline, reminding you with the importance of holding below 1252.00 and 1264.00 levels to achieve the waited targets.
Expected trading range for today is between: 1200.00 support and 1240.00 resistance.
Expected trend for today: Bearish
---------- Post added at 07:59 PM ---------- Previous post was at 07:52 PM ----------
Midday update for Gold 17/02/2015
Gold price managed to confirm breaking the minor rising wedge’s support by achieving four hours close below it, and that supports the bearish trend expectations for today, which target 1200.00 level mainly, while achieving them requires holding below 1252.00 and 1264.00 levels.
The EMA50 keeps supporting the suggested bearish wave.
Expected trading range for today is between: 1200.00 support and 1240.00 resistance.
Expected trend for today: Bearish
---------- Post added at 08:03 PM ---------- Previous post was at 07:59 PM ----------
Update: Gold approaches the target
Gold price declined strongly to break key support barrier at 1213.20 and comes very close to our main waited target at 1200.00, noting that the way seems open for more negative trading which will extend to 1182.00.
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pair- gold
time frame to analysis- m30
the up trend channel pattern of the price has been break at the support at 1227.90 level and falling to the lower support at 1218.35 level. the macd is also in the down trend side but the price may hold at 1210.00 and will again up trend side. long with stop loss at 1180.00
good luck
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analysis for today 2 / 17 / 2015
GOLD
Resistance : R1 1237.18 R2 1246.63 R3 1265.38
Support : S1 1224.43 S2 1214.98 S3 1196.23
Open : 1231.17
High : 1233.73
Low : 1227.88
Range : 5.85 Pips
Running Price : 1228.70
Strategy : SELL at the level 1228.70 stop loss at the level 1237.18 target take profit at the level 1196.23 or at the level 1158.73
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Spoiler:
Daily Forecast
Pair: GOLD
Major Trend: Bearish
Time Frame: H1
Reason: RSI has been dibaawh line 50. Possible correction in the market will 1230.25, before continuing the bearish trend to 1226.12
Recommendation: Sell limit in 1230.25
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GOLD Analysis & Signals 16/02/15
Order SELL BELOW
SELL LIMIT
Sell at 1238.10
Take Profit at 1225.05
Stop Loss at 1245.06
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Gold approaches from the retest level – Analysis - 16/02/2015
Gold price returns to trade positively approaching from 1238.30 level, noting that the last trading is confined within a minor rising wedge pattern, therefore, breaking its support that located at 1225.50 will push the price to resume the bearish trend, which is affected by the previously completed double top pattern, where we wait for targets that reach mainly towards 1200.00.
The EMA50 supports the downside track expectations, being aware that breaching 1252.00 then 1264.00 levels will stop the suggested bearish bias and pushes the price to achieve good intraday gains.
Expected trading range for today is between: 1200.00 support and 1245.00 resistance.
Expected trend for today: Bearish
---------- Post added at 04:09 PM ---------- Previous post was at 03:55 PM ----------
Gold Weekly Technical Report 16-20/2/2015
Gold prices inched higher with the beginning of the week but the negative signals are still valid in light of the negativity of Linear Regression Indicators. MACD is also negative, and RSI is still trading below line 50 despite moving slightly to the upside. Therefore, the possibility of bringing the downside move is valid, and trading below 1240.15 is negative.
From the downside, breaking 1219.40 is required to extend the downside move further this week to target 1198.65.
---------- Post added at 04:17 PM ---------- Previous post was at 04:09 PM ----------
Midday update for Gold 16/02/2015
Gold price tested the minor bullish wedge’s resistance that appears in the image, accompanied by stochastic reach near the overbought levels, which supports the price rebound to the downside to resume the bearish bias.
Therefore, we keep preferring the bearish trend for today, which targets 1200.00 level mainly, while achieving it requires holding below 1252.00 and 1264.00 levels.
Expected trading range for today is between: 1200.00 support and 1245.00 resistance.
Expected trend for today: Bearish
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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