Thread: Gold
Price raised $5 after market open IN ADDITION TO formed another bullish candle on daily chart, if its competent to break your own 1551 and then my partner and i view a series of easy rally in direction of many day high, Hold from buy order till most time frame high.
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My friend Lists I can tell you that he was not suited to the giving is hanging at close to the market where these methods are considered for the company of the stuff which calls for fraud and non-compliance with the laws of transactions which are opened by the client in the trading of foreign currencies...
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analysis for today 6 / 13 / 2014
GOLD (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 1268.97
Retracement (50%) 1267.21
retracement (61,8%) 1265.45
Extensions (61.8%) 1283.87
Extensions (100.0%) 1289.56
Extensions (138.2%) 1295.25
Extensions (161.8%) 1298.77
calculation based on a Fibonacci retracement then today I choose buy
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Trading Signal - 13/06/2014 -
Instrument: GOLD
60min CHART
Upwards Strong
The market is testing support at 0.9400. We are waiting to see reversal signals in order to reinstate
LONG positions, or alternatively the upward break of the 0.9430 resistance level. Next important support the 0.9390 level.
Support & Resistances
0.9400 0.9430
0.9390 0.9460
0.9360 0.9560
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pair- gold
chart analysis time frame- m30
the price has been break the down trend and moving up side. this is now at the strong resistance at 1275.15 level that may be not break. if this is move down side with breaking the support at 1270.15 level then short with take profit at 1250.00 and stop loss at the 1280.00
good luck
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analysis for today 6 / 13 / 2014
GOLD
Resistance : R1 1279.84 R2 1289.29 R3 1308.04
Support : S1 1267.70 S2 1258.25 S3 1239.50
Open : 1272.87
High : 1277.00
Low : 1270.54
Range : 646 Pips
Running Price : 1273.00
Strategy : BUY at the level 1273.00 stop loss at the level 1267.70 target take profit at the level 1308.04 or at the level 1345.54
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Today's prices continued to rise and gold but slightly after the sharp rise in prices yesterday, and this is due to the stability of the market and lack of economic data from the U.S. side and Europeanisation
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analysis for today 6 / 13 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GOLD on the date 6 / 12 / 2014
OPEN 1260.81
HIGH 1274.66
LOW 1259.76
CLOSED 1272.91
The third resistance (R3) 1274.66 - ( 1269.11 - 1259.76 = 9.35 x 2 = 18.70 )= 1293.36
The second Resistance (R2) 1269.11 + 1274.66 - 1259.76 = 1284.01
First resistance (R1) 1269.11 x 2 = 2538.22 - 1259.76 = 1278.46
pivot points 1274.66 + 1259.76 + 1272.91 = 3807.33 / 3 = 1269.11
Support for the first (S1) 1269.11 x 2 = 2538.22 - 1274.66 = 1263.56
Support second (S2) 1269.11 - ( 1274.66 - 1259.76 = 14.90 ) = 1254.21
Third Support (S3) 1259.76 - ( 1274.66 - 1269.11 = 5.55 x 2 = 11.10 )= 1248.66
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.
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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