Thread: Gold
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GOLD 29-11-13
Gold should be subject to more sell off towards 1239.98 or 1238.01. Corrective upward swings should face resistance around 1254.41 area. A break of 1252.95 is bullish.
Key Point 1249.74
Entry Point 1242.31
Trendline 1 1246.42
Trendline 2 1236.93
Support 1 1238.01
Support 2 1230.95
Resistance 1 1249.01
Resistance 2 1252.95
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we can see in the 4h chart
the pair can close up the up trend line
i see the pair will go to up way to 1245.96
stochastic refers that the pair will go up
so our target buy from 1243.96 and our target will 200pips
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Price raised $5 once market open and fashioned another optimistic candle on daily chart, if its able to break the 1551 then we have a tendency to see some fast rally toward all time high, Hold on purchase order until all time high.
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,Initial support at 1518 (May 27 low) followed by 1504 (May 23 low). Initial resistance is now at 1650 (June 1 high) followed by 1377 (All time high).
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: 28-11-2013
TRADING by using pivot indicator.
indicators today : sell
if price break down LEVEL :1237
the pair will go to :1234.50
and then go to level :1231.89
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today i like to sell gold @ 1247.00
my stop loss of the day @ 1251.30
half take profit for today @ 1243.00
and further half take profit @ 1238.00
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date : 28 november 2013
pair :gold
mfi(13):38.39
mfi(15):41.85
a/d :1529
opv :5875
volumes :14924
the pair in up trend
i see the pair go up from :1243.85
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the pair price already touched daily support 1 level (1203.00) and above trend line.
Now the price try to move up ward.
I think the price may touch daily pivot point (1293.00).
so buy now from 1243.86
the pivot point will be my target
stop loss will be down the support 1 level (1203.00)
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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