Thread: Gold
the pair price already touched daily resistance 1 level 1242.90
and upper trend line.
Now the price try to move down ward.
I think the price may touch daily pivot point 1241.60
so sell now from 1242.37
the pivot point will be my target
stop loss will be above the resistance 1 level 1242.90
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Date: 12-12-2013
Time frame: 1h
High and low prices
High today is: 1256.81
Low today is: 1251.70
Total pips today: 511
So buy from: 1252.83
Our target 1 is: 1254.66
Our target 2 is: 1257.87
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GOLD is likely to remain upside and further rise should be seen towards the first high 1259.59. Break will confirm up trend resumption for the projection of 1247.08 to 1257.56 On the downside, below 1255.12 minor support will argue that rebound form may be completed and will turn focus to 1257.36 support for confirmation.'''''
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.
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.
GOLD
analysis for today 12 / 12 / 2013
Resistance 3 1326.28
Resistance 2 1288.78
Resistance 1 1270.03
Pivot Point 1251.68
Support 1 1237.19
Support 2 1218.44
Support 3 1179.54
BUY 1270.03 STOP LOSS 1237.19 TAKE PROFIT 1288.78 OR 1326.28
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Trading analysis for 12th Dec, 2013. GOLD in DAILY chart shows little bit selling pressure. Selling from the 2nd resistance level i.e., 1267.55. Now the price is at the pivot point. Candle stick shows trying to goes upward. It is important to break 1st resistance level to continue bullish trend.
Pivot: 1255.12
Resistance levels
R1 1259.59
R2 1267.55
R3 1272.02
R4 1276.50
Support levels
S1 1247.16
S2 1242.69
S3 1234.73
S4 1226.78
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.
today i like to buy gold @ 1252.00
my stop loss of the day @ 12547.00
half take profit for today @ 1257.00
and further half take profit @ 1263.00
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Support and resistance today
R3: 1259.99
R2: 1258.42
R1: 1256.90
Pp: 1254.28
S1: 1252.23
S2: 1251.76
S3: 1249.33
Buy from: 1254.35
target1: 1256.11
Stop loss: 1252.67
Good luck for all
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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