Thread: Gold
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analysis for today 8 / 26 / 2014
GOLD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1278.47
Retracement (50%) 1277.69
retracement (61,8%) 1276.90
Extensions (61.8%) 1285.10
Extensions (100.0%) 1287.63
Extensions (138.2%) 1290.16
Extensions (161.8%) 1291.73
calculation based on a Fibonacci retracement then today I choose buy
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pair- gold
chart analysis time frame- m30
the down trend has been break at the 1280.34 level and price is moving up but this up movement is hold at the resistance 1291.10 level and price making double top chart pattern if this is again falling down below the 1286.40 level then make short entry with profit target at 1275.00 and stop loss at the 1297.00
good luck
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analysis for today 8 / 26 / 2014
GOLD
Resistance : R1 1284.58 R2 1294.03 R3 1312.78
Support : S1 1281.29 S2 1271.84 S3 1253.09
Open : 1276.50
High : 1290.59
Low : 1275.28
Range : 1531 Pips
Running Price : 1288.96
Strategy : BUY at the level 1288.96 stop loss at the level 1281.29 target take profit at the level 1312.78 or at the level 1350.28
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.
26.08.2014 7:07 XAUUSD
GOLD: growth after the publication of weak macroeconomic statistics for the United States
Buy on a level breakthrough of 1285 with 1305 target. Stop loss = 1270.
Reason for the trading strategy.
Yesterday, weak macroeconomic statistics for the United States were published to put pressure on the world's reserve currency. In particular, the PMI index in the service sector in the United States in August fell from 60.8 p. to 58.5 p. Additionally, in July, it fell from 422,000 to 412,000 in total sales of new homes in the US.
GOLD, H4
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analysis for today 8 / 26 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GOLD on the date 8 / 25 / 2014
OPEN 1280.85
HIGH 1281.00
LOW 1274.37
CLOSED 1276.59
The third resistance (R3) 1281.00 - ( 1277.32 - 1274.37 = 2.95 x 2 = 5.90 )= 1286.90
The second Resistance (R2) 1277.32 + 1281.00 - 1274.37 = 1283.95
First resistance (R1) 1277.32 x 2 = 2554.64 - 1274.37 = 1280.27
pivot points 1281.00 + 1274.37 + 1276.59 = 3831.96 / 3 = 1277.32
Support for the first (S1) 1277.32 x 2 = 2554.64 - 1281.00 = 1273.64
Support second (S2) 1277.32 - ( 1281.00 - 1274.37 = 6.63 ) = 1270.69
Third Support (S3) 1274.37 - ( 1281.00 - 1277.32 = 3.68 x 2 = 7.36 )= 1267.01
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25.08.2014 8:08 XAUUSD
GOLD under pressure after a speech by J. Yellen at Jackson Hole
Sell on a level breakthrough of 1272 with 1258 target. Stop-Loss = 1284.
Reason for the trading strategy.
Last Friday J.Yellen's speech at Jackson Hole provided substantial support to the world's reserve currency. Chairman of the Federal Reserve said that in the event of a further improvement in the US labor market or a more rapid rise in inflation, an increase in the federal funds rate may happen sooner than it is expected by the FOMC now.
GOLD, H4
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analysis for today 8 / 25 / 2014
GOLD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1277.40
Retracement (50%) 1278.42
retracement (61,8%) 1279.43
Extensions (61.8%) 1268.81
Extensions (100.0%) 1265.53
Extensions (138.2%) 1262.25
Extensions (161.8%) 1260.22
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
chart analysis time frame- m30
the price movement can see in the channel pattern with having the support at 1271.00 level and the resistance 1282.20. the macd indicator is giving up movement signal but wait to break the channel pattern and profitable trading. long with take profit at 1300.00 and stop loss at the 1265.00
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.
i actually do not likely think that the country's ve4 hard succeed. I preume which usually Trader will involve grting to know the whole thing approximatly Foreign exchange trading, that include disadvantages and additionally profit margins and additionally inancial obligations, and additionally all of these might ucnover everything through retailer prior to when getting into substantial money membership, people get 4xperience t odash matters for Foreignexchange trading ill be able to money.
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 8 / 25 / 2014
GOLD
Resistance : R1 1284.84 R2 1294.29 R3 1313.04
Support : S1 1271.70 S2 1262.25 S3 1243.50
Open : 1280.85
High : 1281.00
Low : 1275.54
Range : 546 Pips
Running Price : 1278.28
Strategy : SELL at the level 1278.28 stop loss at the level 1284.84 target take profit at the level 1243.50 or at the level 1206.00
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.
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