Thread: Gold
time frame- M30
the price up movement is rejected from the pivot point at 1334.48 level and try to move down side. this is making head and shoulder chart pattern with the supporting nick line at the 1320.20 level. with breaking this support more down movement is expected.
trade- short
take profit@1300.00
stop loss@1340.00
good luck.
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The price of the gold still find a difficulty to surpass 1350.00, keeping the sideways trading on the intraday basis between 1350.00 and 1300.00, and to recognize the expected targets from breaching above these levels.
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Gold still maintaining a bullish position since 18 sept 2103. Last four days of the gold makes the pattern higer high and higher low on the daily chart, it further strengthens the bahawa gold still has the potential to rise. On the H1 chart of gold opened above the pivot, today will likely move up.Spoiler:
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time frame- H1
the price is start to move in the up trend channel chart pattern. now its moving down side and falling to the 1331.65 supporting trend line. then it will again move up side. the price is now have the resistance at the 1342.15 level. if this is break then it will try to move at the 1358.00
trade- long@1331.70
take profit@1357.00
stop loss@1320.00
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.
mnbszau (2013-09-30)
Gold price already touched daily resistance 1 level (1346.95). Now the price try to move down ward. I think the price may touch daily pivot point (1333.35).
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today i like to sell gold @ 1349.00
my stop loss of the day @ 1356.30
half take profit for today @ 1342.00
and further half take profit @ 1336.00
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Trend can nice continue down if this Gold also move down to bellow 1318.66. let see and be ready again to sell if that break happen then.
dear guest sahib.. gold to wessy he mery lye boht eham hai kiun k meri poori family jewellery ka kaam karti hai or issi kaam main mujhy interest hai lekin thoray different style sy. .saari family physically khareed o farokht karty hain. jab k main trading krna chahta hoon iss ki forex main. bs thora sa difference hai
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.
mere khayal se Gold ka 1 bahut strong resistance lagta hai 1550 pe...waise to is point kop todna thoda mushkil hai lekin agar gold iske upar nikal gaya to fir iska down trend itnio easily nahi aayega
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:
The price of the gold shows weak trading since morning and the overall sideways bias remains valid on the intraday basis, waiting for surpassing one of the levels of this range which were mentioned in our morning report. To recognize the suggested levels and the expected targets from the breach, please take a look at our previous report.
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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