Gold

[Ali110]

you,re right about having big amounts in gold trading but i think you also need alot of practical experience because the gold market goes up and down so much that it confuses a beginner like me so i guess having solid experience of the markets movement is vital in gaining profits.otherwise the gold trades can bring you on the ground in no time.

[aliraza98]

for gold trading I think you minmum balnce should be upto 900$ to earn well . in gold trading the little values had big price . gold market flucuate by rate of thousands. daily

[juttgee]

bhai ap gold mein zyada trading karte hain ya kisi currency pair mein ? main gold mein hi karta hun par gold mein trading kafi difficult aur risky ha despite the fact k isme profit bhi zyada milta ha.

[Ali110]

1st of august marked the first day for golds consolidation as eur/usd is going the same way.both started to go down at the same time in early july and many analysts are emphasizing on golds price going further down.one day of buying doesnt means its gonna go back to from wear it started.i saw several resistance levels broke within a month indicating that current geo political situation si going to have considerable impact on both usd and gold prices.please comment.

[ng1985]

pair- gold
chart analysis time frame- m30



the down movement of the gold is hold at the support 1282.15 level and moving up side. its break the strong resistance trend line at the 1287.20 level. the macd indicator is also giving up movement signal. this may be again hit the level 1300.00 then again down side. long with stop loss at 1275.00
good luck

[Ali110]

Gold is still going down and dont have any idea where its gonna stop.

[Ex.ness Support]

31.07.2014 7:07 XAUUSD
XAUUSD: testing support at 1287 dollars probable

Buy on rebound from 1287 level with 1311 target. Stop loss = 1280.

Reason for the trading strategy.

GDP in the US in Q2 of 2014 surpassed the consensus forecast of 3.1% (q/q), totaling 4.0% (q/q). The GDP deflator, reflecting inflation expectations during the report period increased from 1.3% to 2.0%. As a result of the strong statistics, the yield to maturity of 10-year US bonds increased from 2.46% to 2.55%, strengthening the position of the world's reserve currency in the FOREX market.

GOLD, H4

[BURHANFX]

http://prntscr.com/482dzr
analysis for today 7 / 31 / 2014
GOLD (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 1296.11
Retracement (50%) 1297.50
retracement (61,8%) 1298.89

Extensions (61.8%) 1284.37
Extensions (100.0%) 1279.89
Extensions (138.2%) 1275.41
Extensions (161.8%) 1272.63
calculation based on a Fibonacci retracement then today I choose sell

[Ex.ness Support]

30.07.2014 10:10 XAUUSD
XAUUSD: under pressure before publication of US GDP for Q2 of 2014

Sell on a level breakthrough of 1295 with 1278 target. Stop loss = 1310.

Reason for the trading strategy.

Today at 12.30 GMT, the preliminary GDP will be published for the US in Q2 of 2014. In the reporting period, a growth rate of 3.1% (q/q) is expected after a reduction by 2.9% (q/q) in Q1 of 2014. The growth of the main macroeconomic indicator will increase the likelihood of imminent reduction of the asset purchases program in the US, which will support the world's reserve currency.

GOLD, H4

[Ex.ness Support]

29.07.2014 9:09 XAUUSD
XAUUSD: consolidation before publication of the US consumer confidence index from the Conference Board

Sell on a level breakthrough of 1300 with 1287 target. Stop loss = 1310.

Reason for the trading strategy.

This evening, the US consumer confidence index from the Conference Board will be published, which is based on a survey of 5,000 American households. An increase in the indicator from 85.2 billion to 85.5 billion euros is expected, which may provide some support for the world's reserve currency. A restraining factor on the dollar today will be the probable decline in the housing price index in 20 major US cities.

GOLD, H4