Thread: Gold
Trading Signal - 19/12/2014 - 10:00 (GMT +2)
Instrument: GOLD
Time : 60min CHART
Trend & Condition : Upwards Weak
A Medium probability, entry signal to go LONG will be given with the upward break of 1203 after the market found support at 1193. Only the downward break of 1193 would cancel the bullish scenario and take us SHORT.
Support & Resistances :
1193 1214
1193 1227
1181 1234
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pair- gold
time frame analysis- m30
the stoch indicator is moving down side with rsi and the price is also in down trend side. this is not able to break the resistance at 1211.35 level. it will again hit the lower support at 1180.00 hold the short entry with stop loss at 1211.40
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analysis for today 12 / 19 / 2014
GOLD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1202.79
Retracement (50%) 1202.95
retracement (61,8%) 1203.10
Extensions (61.8%) 1201.44
Extensions (100.0%) 1200.92
Extensions (138.2%) 1200.40
Extensions (161.8%) 1200.09
calculation based on a Fibonacci retracement then today I choose sell
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analysis for today 12 / 19 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GOLD on the date 12 / 18 / 2014
OPEN 1203.50
HIGH 1203.62
LOW 1202.27
CLOSED 1202.86
The third resistance (R3) 1203.62 - ( 1202.92 - 1202.27 = 0.65 x 2 = 1.29 )= 1204.91
The second Resistance (R2) 1202.92 + 1203.62 - 1202.27 = 1204.27
First resistance (R1) 1202.92 x 2 = 2405.83 - 1202.27 = 1203.56
pivot points 1203.62 + 1202.27 + 1202.86 = 3608.75 / 3 = 1202.92
Support for the first (S1) 1202.92 x 2 = 2405.83 - 1203.62 = 1202.21
Support second (S2) 1202.92 - ( 1203.62 - 1202.27 = 1.35 ) = 1201.57
Third Support (S3) 1202.27 - ( 1203.62 - 1202.92 = 0.70 x 2 = 1.41 )= 1200.86
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.
XAUUSD
Dec. 18, 2014, 07:20
Buy on a level breakthrough of 1212 with 1238 target. Stop loss = 1187.
Reason for the trading strategy
Yesterday, the US Federal Reserve kept its benchmark interest rate unchanged at 0-0.25% per annum. The US Federal Reserve lowered its forecast for the average level of the federal funds rate from 1.375% to 1.125% at the end of 2015. The US Federal Reserve has kept the forecast for US GDP growth in 2015 at 2.6% -3.0%. The US Federal Reserve predicts a more rapid decline in unemployment in 2015 and 2016. In particular, in 2015, the unemployment rate in the US will amount to 5.2% -5.3% instead of 5.4% -5.6%. In 2015, the US Federal Reserve expects inflation to lower to 1.0% -1.6%. The phrase about maintaining interest rates at a minimum level "for an extended period of time" has disappeared from the US Federal Reserve statement. According to Janet Yellen, interest rates may be raised at any meeting. According to our estimates, the US Federal Reserve will raise its key interest rate in mid-2015. In general, the American regulator's rhetoric is of a soft nature.
GOLD, H4
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 analysis- m30
the down movement of the price is having strong support at the 1188.90 level and moving up side. the rsi is now showing overbought so correction can expected. hold the long entry with stop loss at 1180.00 and profit target at 1230.00
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.
jitne bhe pair hai un main sab se best trading jo hai who gold ke trading hai es main hume bht zida profit ho sakta hai maine tu just gold or silver per he trading krta hon or kise pair per main trading nh krta ho,
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 analysis- m30
the down movement of the price is hold at the support 1185.00 level and making correction. it will again down side as the stoch is showing overbought. if thge price move below the 1180.00 then hold the short entry with take profit at 1150.00
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.
http://prntscr.com/5he37z
analysis for today 12 / 17 / 2014
GOLD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1197.00
Retracement (50%) 1197.84
retracement (61,8%) 1198.67
Extensions (61.8%) 1189.95
Extensions (100.0%) 1187.26
Extensions (138.2%) 1184.57
Extensions (161.8%) 1182.90
calculation based on a Fibonacci retracement then today I choose sell
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 analysis- m30
the price up movement is break the resistance at the 1213.00 level but the rsi and stoch is showing overbought so down movement can expected as correction. hold the short entry with stop loss at 1231.90 and take profit at 1170.00 level.
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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