Thread: Gold
pair- gold
chart analysis time frame- m30
the price is not able to break the strong support at 1306.56 level and moving up side but this up movement is again rejecting down side from the resistance at 1316.69 level and break the daily pivot point at 1310.67 level. if this break 1305.00 level then make short entry with profit target at 12580.00
good luck
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analysis for today 8 / 14 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GOLD on the date 8 / 13 / 2014
OPEN 1309.11
HIGH 1314.74
LOW 1304.73
CLOSED 1312.61
The third resistance (R3) 1314.74 - ( 1310.69 - 1304.73 = 5.96 x 2 = 11.93 )= 1326.67
The second Resistance (R2) 1310.69 + 1314.74 - 1304.73 = 1320.70
First resistance (R1) 1310.69 x 2 = 2621.39 - 1304.73 = 1316.66
pivot points 1314.74 + 1304.73 + 1312.61 = 3932.08 / 3 = 1310.69
Support for the first (S1) 1310.69 x 2 = 2621.39 - 1314.74 = 1306.65
Support second (S2) 1310.69 - ( 1314.74 - 1304.73 = 10.01 ) = 1300.68
Third Support (S3) 1304.73 - ( 1314.74 - 1310.69 = 4.05 x 2 = 8.09 )= 1296.64
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pair- gold
chart analysis time frame- m30
the price up movement is not able to break the resistance at 1316.10 level and falling down but hold at the support 1305.00 level. the price is again up but may rejecting down side. macd indicator is giving short signal so make short entry with breaking 1302.00 level with stop loss at 1325.00
good luck
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analysis for today 8 / 13 / 2014
GOLD
Resistance : R1 1315.37 R2 1324.82 R3 1343.57
Support : S1 1301.69 S2 1292.24 S3 1273.49
Open : 1309.11
High : 1310.99
Low : 1306.07
Range : 492 Pips
Running Price : 1307.88
Strategy : SELL at the level 1307.88 stop loss at the level 1315.37 target take profit at the level 1273.49 or at the level 1235.99
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thanks for posting man ! i was also thinking about it moving further up as news about gold are encouraging and mostly the candlesticks i observed were in buying pattern selling or down candles were just a few and narrow
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analysis for today 8 / 13 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GOLD on the date 8 / 12 / 2014
OPEN 1308.06
HIGH 1317.64
LOW 1305.42
CLOSED 1309.14
The third resistance (R3) 1317.64 - ( 1310.73 - 1305.42 = 5.31 x 2 = 10.63 )= 1328.27
The second Resistance (R2) 1310.73 + 1317.64 - 1305.42 = 1322.95
First resistance (R1) 1310.73 x 2 = 2621.47 - 1305.42 = 1316.05
pivot points 1317.64 + 1305.42 + 1309.14 = 3932.20 / 3 = 1310.73
Support for the first (S1) 1310.73 x 2 = 2621.47 - 1317.64 = 1303.83
Support second (S2) 1310.73 - ( 1317.64 - 1305.42 = 12.22 ) = 1298.51
Third Support (S3) 1305.42 - ( 1317.64 - 1310.73 = 6.91 x 2 = 13.81 )= 1291.61
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analysis for today 8 / 12 / 2014
GOLD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1308.87
Retracement (50%) 1308.14
retracement (61,8%) 1307.40
Extensions (61.8%) 1315.10
Extensions (100.0%) 1317.48
Extensions (138.2%) 1319.86
Extensions (161.8%) 1321.33
calculation based on a Fibonacci retracement then today I choose buy
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Trading Signal - 12/08/2014 - 10:00 GMT +3
Instrument: GOLD
60min CHART
Upwards Strong
A Medium probability, entry signal to go LONG will be given with the upward break of 1315 after the
market found support at 1307. Only the downward break of 1305 would cancel the bullish scenario.
Support & Resistances
1307 1323
1298 1330
1283 1342
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pair- gold
chart analysis time frame- m30
the price is not able to break the support at 1304.98 level and moving up side with making the double bottom chart pattern. its break the resistance at 1311.00 level. and may be continue up to the resistance at 1321.00 level. long with the stop loss at 1300.00
good luck
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analysis for today 8 / 12 / 2014
GOLD
Resistance : R1 1314.72 R2 1324.17 R3 1342.92
Support : S1 1303.88 S2 1294.43 S3 1275.68
Open : 1308.06
High : 1313.18
Low : 1305.42
Range : 776 Pips
Running Price : 1310.41
Strategy : SELL at the level 1310.41 stop loss at the level 1314.72 target take profit at the level 1275.68 or at the level 1238.18
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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