Thread: Gold
Daily forecast: GOLD 07 Nov. 2014.
Technical analysis for Daily forecast of GOLD 07 November, 2014. In Daily chart GOLD shows bullish trend. At present GOLD above the pivot point and going towards the 1st resistance level. If 1st resistance level breaks then next strong resistance level is 1164.66.
Pivot: 1143.02
Resistance levels
R1 1148.08
R2 1154.53
R3 1159.59
R4 1164.66
Support levels
S1 1136.57
S2 1131.51
S3 1125.06
S4 1118.62
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analysis for today 11 / 6 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GOLD on the date 11 / 5 / 2014
OPEN 1141.74
HIGH 1145.41
LOW 1131.86
CLOSED 1143.11
The third resistance (R3) 1145.41 - ( 1140.13 - 1131.86 = 8.27 x 2 = 16.53 )= 1161.94
The second Resistance (R2) 1140.13 + 1145.41 - 1131.86 = 1153.68
First resistance (R1) 1140.13 x 2 = 2280.25 - 1131.86 = 1148.39
pivot points 1145.41 + 1131.86 + 1143.11 = 3420.38 / 3 = 1140.13
Support for the first (S1) 1140.13 x 2 = 2280.25 - 1145.41 = 1134.84
Support second (S2) 1140.13 - ( 1145.41 - 1131.86 = 13.55 ) = 1126.58
Third Support (S3) 1131.86 - ( 1145.41 - 1140.13 = 5.28 x 2 = 10.57 )= 1121.29
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Spoiler:
Daily Forecast
Pair: GOLD
Major Trend: Bullish
Time Frame: H1
Reason: 3x Price has retest support at 1138.62 area. Means that the price can not penetrate the fig, so the price moves up to 1147.41.
Recommendation: Buy with a target of 1147.41
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On the daily TF, the price is within the harmonic pattern range. We are expecting to have a surge if the demand fuels up across the market.
http://analysis2014.blogspot.com/
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pair- gold
analysis time frame- m30
the up movement of the price is rejecting down from the pivot point at 1149.08 level. the price is at the equal low but the macd divergen is lower to high side. if this is break resistance then long with take profit at 1175.35 and stop loss at the 1120.00
good luck.
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analysis for today 11 / 6 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GOLD on the date 11 / 5 / 2014
OPEN 1140.37
HIGH 1146.79
LOW 1137.95
CLOSED 1144.51
The third resistance (R3) 1146.79 - ( 1143.08 - 1137.95 = 5.13 x 2 = 10.27 )= 1157.06
The second Resistance (R2) 1143.08 + 1146.79 - 1137.95 = 1151.92
First resistance (R1) 1143.08 x 2 = 2286.17 - 1137.95 = 1148.22
pivot points 1146.79 + 1137.95 + 1144.51 = 3429.25 / 3 = 1143.08
Support for the first (S1) 1143.08 x 2 = 2286.17 - 1146.79 = 1139.38
Support second (S2) 1143.08 - ( 1146.79 - 1137.95 = 8.84 ) = 1134.24
Third Support (S3) 1137.95 - ( 1146.79 - 1143.08 = 3.71 x 2 = 7.41 )= 1130.54
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Daily forecast: GOLD 06 Nov. 2014.
Technical analysis for Daily forecast of GOLD 06 November, 2014. In Daily chart GOLD shows bearish trend. At present GOLD below the pivot point and going towards the 1st support level. If 1st support level breaks then next strong support level is 1075.97.
Pivot: 1149.06
Resistance levels
R1 1160.55
R2 1181.08
R3 1192.57
R4 1204.05
Support levels
S1 1128.53
S2 1117.04
S3 1096.51
S4 1075.97
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Daily Forecast
Pair: Gold
Major Trend: Bearish
Time Frame: H1
Reason: the daily pivot point untouched. Buy candle formed at the beginning of the opening of the market. Chances are the price will be corrected to 1149.06 before continuing bearish trend.
Recommendation: SELL with a target of 1129.27
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pair- gold
analysis time frame- m30
the up movement of the price is not able to break the resistance at 1173.76 level and its again down side with breaking the strong support at 1158.00 level. today its break daily support level three and moved at the 1140.80 level. here up movement can expected. long with take profit at 1170.00 and stop loss at 1110.00
good luck.
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Daily forecast: GOLD 05 Nov. 2014.
Technical analysis for Daily forecast of GOLD 05 November, 2014. In Daily chart GOLD shows bearish trend. At present GOLD breaks 4th support level and going more downside.
Pivot: 1168.76
Resistance levels
R1 1173.72
R2 1179.37
R3 1184.33
R4 1189.30
Support levels
S1 1163.11
S2 1158.15
S3 1152.50
S4 1146.86
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.
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