Thread: Gold
the pair price already touched daily support 1 level (1254.30) and above trend line.
Now the price try to move up ward.
I think the price may touch daily pivot point (1259.60).
so buy now from 1256.12
the pivot point will be my target
stop loss will be down the support 1 level (1254.30)
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Support and resistance today
R3: 1261.98
R2: 1260.78
R1: 1259.34
Pp: 1257.00
S1: 1256.06
S2: 1254.74
S3: 1253.29
Buy from: 1257.07
target1: 1258.59
Stop loss: 1255.32
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.
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.
Date: 11-12-2013
Time frame: 1h
High and low prices
High today is: 1262.85
Low today is: 1256.28
Total pips today: 657
So buy from: 1259.62
Our target 1 is: 1260.30
Our target 2 is: 1261.95
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.
Trading analysis for 11th Dec, 2013. GOLD in 4H chart shows strongly bullish trend. The currency pair above the pivot point. Buy on the reversal and put a target of 1273.98 if this breaks then next take profit target is 1322.45.
Pivot: 1255.73
Resistance levels
R1 1273.98
R2 1285.94
R3 1304.19
R4 1322.45
Support levels
S1 1243.77
S2 1225.52
S3 1213.56
S4 1201.61
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 touched $ 1,210.10 per ounce on December 6, the lowest since July 5. The volume of bullion at 99.99 percent in the Shanghai Gold Exchange, rose today to the highest level since Nov. 28. Bloomberg U.S. Dollar Index, measuring the 10 currencies, reaching its lowest level in nearly three minggu.sehingga we can do this with an order on December timeframe D1
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.
Update: 11 December 2013
resistance3: 1259.29
resistance2: 1258.33
resistance1: 1257.24
Key point: 1256.83
support1: 1255.12
support2: 1254.09
support3: 1252.88
sell: 1256.85
Short target: 1256.00
Long target:1255.12
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 continued to gain ground against the American dollar yesterday but remained within the last five days trading range. Comments from Fed policy makers showed that they would like to begin to wind down the quantitative easing program sooner rather than later but the market's reaction was somehow limited. Federal Reserve Bank of St. Louis President James Bullard, who is a voting member of the Federal Open Market Committee, said Based on labor-market data alone, the probability of a reduction in the pace of asset purchases has increased. A small taper might recognize labor-market improvement while still providing the committee the opportunity to carefully monitor inflation during the first half of 2014. I think yesterday's move was a reflection of the uncertainty in the market and continued short-covering.
Investors are well aware of the fact that a few strong jobs numbers dont make a trend and the Federal reserve will probably not want to push the button before the Democrats and Republicans strike a deal to fund the government. Meanwhile, gold charts paint a mixed technical picture. Prices are below the Ichimoku clouds on the weekly and daily time frames but the short term charts are turning positive.
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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