Thread: Gold
Gold is slipping down slowly and for quiet some time is in a bearish trend.I just dont understand what has caused Golds price to fall so much in the last couple of months.it started in july when it started coming down from 1345.now its round about 1213 which means the price has dropped more than a hundred dollars in the last few months.I wonder if it shall keep on going bearish or climb up again?
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cci(14) : -157.96
bulls (13) : -2.79
i see the in pair down trend
so i will sell from : 1212.91
and my target today is : 1211.01
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.
In the experience that i have in Gold, Indicators are not a good way to trade the Gold commodity. The very best way that a Forex trader can trade Gold is using direct price actions to analyse and decide.Originally Posted by monta
Patience is Key.
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analysis for today 9 / 24 / 2014
GOLD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1221.89
Retracement (50%) 1224.32
retracement (61,8%) 1226.74
Extensions (61.8%) 1201.34
Extensions (100.0%) 1193.49
Extensions (138.2%) 1185.64
Extensions (161.8%) 1180.79
calculation based on a Fibonacci retracement then today I choose sell
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cci(14) : -171.81
bulls (13) : -0.43
i see the in pair down trend
so i will sell from : 1221.13
and my target today is : 1201.13
good luck
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pair- gold
chart analysis time frame- m30
the price is moving up from the support at 1210.00 level but its again rejecting from the resistance at 1234.00 level. this is break the supporting trend line at the 1222.30 level and falling down with having macd short signal. hold the short entry with stop loss at 1230.00
good luck
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i have 2 open trade sell on gold now ..there are in profit..the current trend is bearish at this moment and take profit is at 1210..gold is oversold in on the daily and monthly timeframe...i just place a pending order at 1206 for target of 300 pips long term trade
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.
cci(14) : 16.666
bulls (13) : 0.039
i see the in pair up trend
so i will buy from : 17.785
and my target today is : 17.885
and target 2 today is : 17.985
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.
Daily forecast: GOLD 23 Sep. 2014.
Trading analysis for Daily forecast of GOLD 23 September, 2014. In Daily chart GOLD shows bullish trend. At present GOLD break 1st, 2nd and 3rd resistance levels. 4th strong resistance level is 1239.03.
Pivot: 1214.32
Resistance levels
R1 1220.60
R2 1226.47
R3 1232.75
R4 1239.03
Support levels
S1 1208.45
S2 1202.17
S3 1196.30
S4 1190.43
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.
cci(14) : -14.90
bulls (13) : 0.98
i see the in pair up trend
so i will buy from : 1212.92
and my target today is : 1227.86
good luck
Last edited by monta; 2014-09-23 at 06:02 AM.
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