Thread: Gold
analysis for today 11 / 26 / 2013
My daily trading,I hope the day is a success ...
GOLD (Daily Trade)
Resistance : R1 1259.15 R2 1268.60 R3 1287.35 R4 1324.85
Support : S1 1248.57 S2 1239.12 S3 1220.37 S4 1182.87
Open : 1251.04
High : 1257.87
Low : 1249.85
Range : 802 Pips
Running Price : 1252.70
For intraday trade today suggest BUY at the level 1252.70 stop loss at the level 1248.57 target take profit at the level 1287.35 or at the level 1324.85
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The XAU/USD pair has declined approximately 25% since January 1 as investors' appetite for the precious metal continued to decrease drastically. The gold market is focused on the fact that the U.S. economy is steadily recovering. In conjunction with recent remarks from various members of the U.S. Federal Reserve, encouraging data have been reinforcing expectations that the central bank will begin trimming the pace of its purchases somewhat sooner than the market had initially thought.
Friday's data from the Commodity Futures Trading Commission (CFTC) show that speculative investors on the Chicago Mercantile Exchange reduced their net-long position in gold to 48120 contracts, from 61352 a week earlier. In my previous analysis, I had mentioned that the path of least resistance for gold appears lower because the Ichimoku clouds have been blocking the bulls' advance.
Although the technical outlook (on the weekly and daily charts) remains extremely bearish, I will be paying close attention to the 1237 level in the near term. Usually, when an important support (or resistance) is broken, the market responds and retests it again before continuing the trend.
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i have my buy position @ 1251
set my target today at 1300 to be safe.
Also have a pending order sell @1325
good luck 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.
Last Update At 25 nov 2013
hi all, how are you..
chart for today is showing sides ways with 60 - 90 pips.
i will add 2 pending order : take profit 70 stop 25
buy order today at : 1250
sell order today at : 1275
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 : 25/11/2013
frame : h1
Trend : down
mom (14) today :97.89
i add my order sell at 1250.36
take profit today = 1226.75
sl today is :1265.32
good luck
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.
the pair price already touched daily support 1 level (1170.80) and above trend line.
Now the price try to move up ward.
I think the price may touch daily pivot point (1310.30).
so buy now from 1239.47
the pivot point will be my target
stop loss will be down the support 1 level (1170.80)
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.
we can see in the 4h chart
the pair will go up to fibo 38.2
I see the pair will go to up way to 1269.84
stochastic refers that the pair will go up
so our target buy from 1241.32 and our target will 2852pips
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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