Subscribetoday i like to sell gold @ 1329.10
my stop loss of the day @ 1336.70
half take profit for today @ 1322.0
and further half take profit @ 1317.00
Thread: Gold
today i like to sell gold @ 1329.10
my stop loss of the day @ 1336.70
half take profit for today @ 1322.0
and further half take profit @ 1317.00
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Gold price is now down trend. The price already breakout daily pivot point (1327.23). I think the price may touch daily support 1 level (1315.20).
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The price of the gold trades as sideways range which remains controlling gold trading, while Stochastic moves in the neutral area, which allows the sideways trading to continue on the intraday basis between 1300.00 and 1350.00, and as we mentioned in our last reports, surpassing one of these levels will provide clearer signals for the next track, where breaking below the mentioned support will lead to begin a bearish wave that reach towards 1200.00, while breaching above the resistance will push the price to test mainly 1450.00
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This week, gold showed no movement with the trend and more neutral move. Business buyer turned out to be not fully taken over from the seller, so the movement of gold during the week was just up and down in the same place. Today it is estimated that gold will still be moving sideways.Spoiler:
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time frame- H1
the price is making double top chart pattern and break the nick line of the support at 1329.36 this may be again in the dwon trend side. if the price break 1320.00 level it will falling continue.
trade type- short
target@1310.00
stop loss@1340.00
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.
Update:
The price of the gold keeps moving in tight range, fluctuating around 1335.00, therefore, there is no change on the morning suggested scenario, waiting for some bullish bias to test 1350.00, followed by detecting the next intraday track clearly.
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I also that Current trend jo hai wo hupward trend pe hai aur jab target hai 1554 agar price niche ki aur gaya toh lowest point hai iska 1536, breakin the trend turn to the downside targeting 1531 then 1525. 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.
Trading Signal - 26/9/2013 - 15:00 GMT+3
Instrument: GOLD
240min CHART
Downwards Weak
The market is testing resistance at 1375.00. We are waiting to see reversal signals in order to reinstate SHORT positions, or alternatively the downward break of the 1290.00 support level. Next important resistance the 1400.00 level.
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.
i am really in love with gold because it can give alot to the traders who so every do some homework on this trands and on its pricing. because it is the main thing that a trader wishes for.in this business one is going for gold must be a good and a experenced trader of his time. on the forex trading business one need to show some deep knowledge only then he or she can go for the proper profitable trade
***$$G****
most price on bulls and let see first to nice buy op if Gold can break to above 1337.86
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