Pair: XAUUSD
Type of analysis: Technical
Time frame: H1
Channel line: Bearish under pivot
Fibonacci Indicator: Bullish retracement
William %R Indicator: Bullish (convergen & divergen)
Final decision: Bullish
Thread: Gold
Pair: XAUUSD
Type of analysis: Technical
Time frame: H1
Channel line: Bearish under pivot
Fibonacci Indicator: Bullish retracement
William %R Indicator: Bullish (convergen & divergen)
Final decision: Bullish
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gold pairis very fast pair for everyone trader if we can invest good monye in this buisnes then we can earn lot of money in gold goldis the best online pair fore trade i like to trade in gold alwaye and i alwayse get good success in gold
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According to the chart of XAUUSD there are a main down trend signal as the 2 EMA 5 and 6 moving below the slow EMA of 35 then I guess I will take a sell positions once the other indicators confirm the bearish direction.
There are a dots above the candles for parabolic sar indicator to indicate a downward direction and also I can monitor a sell signal on the MACD indicator which moving below the level 0 for now beside the CCI line is at the lower level to perform a downward signal.
As I said before according to the EMA locations selling is my favorite side for today as long as the price didnt show any opposite bullish signals.
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As you can see on the chart of XAUUSD the prices is now upper than the EMA line of 15 which could be used as a good sign of bullish trend for today.
Also the power line indicator is now above the 50 level which indicates a good upward direction signal.
One important thing else is the power momentum indicator which as you can see show a high power of the bullish trend which can be used to filter the entry of buy positions.
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By analyzing the XAUUSD we can but a bullish chanel to limit the movement of the market inti two trend lines The price is moving at the lower edge of the donchin channel so you may think about buying as long as there is no opposite signs appear on the Awesome oscillator The Awesome oscillator has a red bar appears above the level of 0 and it is considered a good sell signal Also the stostatic indicator shows sell signal by showing down intersection between the two lines near the 20 th level Till this moment bullish trend is the choise and also buying targeting the upper edge of the donchin channel is not a bad idea at all
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analysis for today 10 / 14 / 2014
GOLD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1300.71
Retracement (50%) 1298.81
retracement (61,8%) 1296.91
Extensions (61.8%) 1316.83
Extensions (100.0%) 1322.99
Extensions (138.2%) 1329.15
Extensions (161.8%) 1332.95
calculation based on a Fibonacci retracement then today I choose buy
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pair- gold
analysis time frame- m30
the up movement of the gold is rejecting from the resistance at 1236.35 level but lower side its not able to break the support at 1231.80 level. its also making a triangle chart pattern. hold the long entry with stop loss at 1220.00 with profit target at 1250.00
good luck
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The price of gold continues to move near the level of 1240.50, and gets continuous support from SMA 50, and note that the price maintains its stability above the resistance previously breached descending channel which show the image, after a successful re-test of resistance breached.
Therefore, we will continue tipping upward trend over the coming sessions, with reference to the penetration level of 1240.50 would extend the gains from gold to reach the levels of 1286.00, while the steadfastness will force the price to achieve some downside bias, which aims to test areas may extend to 1216.40 1200.00.
Pair: XAUUSD
Type of analysis: Technical
Time frame: H1
Channel line: Bullish above pivot
Fibonacci Indicator: Bullish retracement
William %R Indicator: Bullish (oversold)
Final decision: Bullish
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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analysis for today 10 / 14 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GOLD on the date 10 / 13 / 2014
OPEN 1223.78
HIGH 1237.59
LOW 1223.29
CLOSED 1235.58
The third resistance (R3) 1237.59 - ( 1232.15 - 1223.29 = 8.86 x 2 = 17.73 )= 1255.32
The second Resistance (R2) 1232.15 + 1237.59 - 1223.29 = 1246.45
First resistance (R1) 1232.15 x 2 = 2464.31 - 1223.29 = 1241.02
pivot points 1237.59 + 1223.29 + 1235.58 = 3696.46 / 3 = 1232.15
Support for the first (S1) 1232.15 x 2 = 2464.31 - 1237.59 = 1226.72
Support second (S2) 1232.15 - ( 1237.59 - 1223.29 = 14.30 ) = 1217.85
Third Support (S3) 1223.29 - ( 1237.59 - 1232.15 = 5.44 x 2 = 10.87 )= 1212.42
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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