Thread: Gold
analysis for today 2 / 11 / 2015
GOLD
Resistance : R1 1242.50 R2 1251.95 R3 1270.70
Support : S1 1229.22 S2 1219.77 S3 1201.02
Open : 1233.50
High : 1238.52
Low : 1233.20
Range : 5.32 Pips
Running Price : 1237.36
Strategy : SELL at the level 1237.36 stop loss at the level 1242.50 target take profit at the level 1201.02 or at the level 1163.52
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Midday update for Gold
Gold price broke the minor bullish channel’s support and 1238.30 level, which supports the continuation of our bearish trend overview efficiently for today, which is supported by stochastic and the EMA50 negativity, reminding you with our main waited target at 1200.00.
The expected bearish trend continuation depends on holding below 1252.00 and 1267.00 levels.
Expected trading range for today is between: 1213.00 support and 1252.00 resistance.
Expected trend for today: Bearish
---------- Post added 02-11-2015 at 06:44 AM ---------- Previous post was 02-10-2015 at 07:08 PM ----------
Gold tests the resistance barrier
Gold price closed yesterday trading below 1238.30 level, to get a good negative factor that supports the continuation of the bearish trend expectations in the upcoming period, supported by the EMA50 continuously, where we wait for heading towards 1200.00, which represents the full target of the double top pattern that appears in the above chart.
Stochastic current positivity might cause sideways trading and some temporary positive attempts before resuming the bearish trend again, which will remain valid and active unless breaching 1252.00 then 1264.00 levels and holding above them.
Expected trading range for today is between: 1213.00 support and 1252.00 resistance.
Expected trend for today: Bearish
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forex ke trading main agar ap ke investment ahci hai tu gold or silver ke trading sab se zida best trading hai agar yeh big volum ke sath ke jati hai tu es main bht zida profit ho skata hai ,
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pair- gold
time frame to analysis- m30
the price is break the support at 1255.30 level and moved to lower support 1231.70. the macd indicator is again up trend side but price is not able to break resistance at 1245.80 level and again down side. this may as correction. hold the short entry with stop loss at 1250.00
good luck
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Gold loses the positive momentum
Gold price continues to fluctuate above 1238.30 level, showing weak trading that pushed stochastic to lose its positive momentum, which forms negative factor that we are waiting to push the price to decline again, as the negative effect of the double top pattern that appears on chart still valid, which its full targets reach 1200.00.
The EMA50 continues to push negatively on the intraday trading to support the suggested decline, which activating it requires breaking 1238.30 level besides holding below 1252.00 and 1267.00 levels.
Expected trading range for today is between: 1213.00 support and 1252.00 resistance.
Expected trend for today: Bearish
---------- Post added at 08:00 AM ---------- Previous post was at 07:57 AM ----------
Gold Morning Technical
The metal moved slightly to the upside yesterday and is trading in a slight bullish bias. But negativity is still available and the possibility of bringing the downside move is valid today in light of trading below the key resistance that started at the top 1387.00. Trading below 1265.85 is negative as it favors breaking 38.2% correction at 1240.15 to move towards 505 correction at 1219.40.
RSI is trading below line 50 and MACD is trading in a bearish bias. Linear Regression Indicators are trading negatively supporting the possibility of extending the bearish correctional move.
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My friend we know Gold trading is really tough todays and I love to trade with Gold sometimes when price goes down to 50$ or something and I buy gold for that day for reboud hope, That is why I love to trade with this precious metal because one day it will increase .
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.
gold downtrend start by trying to test support at 1235.55 area. Break down this area could bring down even further gold to next support line at 1230.65. While the resistance area at 1255.80.
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.
update for Gold
Gold price shows slight bullish bias since morning affected by stochastic positivity, while the recent trading is confined inside a minor bullish channel that we believe it forms a continuation flag pattern that supports resuming the expected bearish trend for today, thus, breaking 12387.30 is required to push the price towards our main waited target at 1200.00.
We remind you that breaching 1252.00 followed by 1270.00 will stop the negative overview and push the price to rise again.
Expected trading range for today is between: 1213.00 support and 1250.00 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.
GOLD Analysis & Signals 09/02/15
Order BELOW
SELL LIMIT
Sell at 1252.12
Take Profit at 1242.05
Stop Loss at 1257.00
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.
Gold under the negative pressure
Gold price ended last Friday’s trading below 1238.30 level, which forms more negative pressure that supports continuing the bearish bias in the upcoming period, as the negative effect of the double top pattern that appears on image begins, which its full targets reach towards 1200.00.
The EMA50 forms negative factor now and supports the suggested decline, which will remain valid and active unless the price managed to breach 1252.00 followed by 1270.00 levels and hold above them.
Expected trading range for today is between: 1213.00 support and 1250.00 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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