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The international price of gold and set to maintain the weak pattern, after a slight rebound, continue to turn down, and the trend of low. The 4 hour chart, gold is still maintained at MA60 above the average, but a continuous line of short-term arrangement, cause certain pressure, MACD Hongzhu continue to shorten; 1 hour chart, prices continued to drop unilateralism, MACD speed lines in a 0 axis, the short-term moving average divergence down to below MA60, pay attention to supporting effect, the average in general, gold or weak market, above can be concerned in rail 1340-1350 line brin resistance, lower attention before the 1300 integer important passes, and supporting the weekly brin rail line opened on Monday 1280, not blindly chasing empty, region should grasp 350-1300.
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Sell gold on monday @cmp1227 tp 1316 sl 1337
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gold
if we see the market with two indicator adx wilder(14) & adx(14) in 1 hour timeframe.the value of two diferrent indicator shows us that
adx wilder(14) level
style : 34.21
+di : 13.54
-di : 38.19
adx(14) level
adx : 41.02
+di : 9.99
-di : 33.21
so we can decide that the market trand is : down
timeframe : 1 hour
time : 1500 gmt
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We can see if the GOLD are failed to break the Monthly MA, it was reject at the MA Line.. the present condition show if the gold already traded the Monthly MA (Green) and Daily MA (Red). It was reject on Weekly MA, but the rejection is not really strong maybe. and it will break it shortly. Wait till the price getting overbought, and set selll order at GOLD.
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Gold analysis :
date : 09.20.13
time : 14:01 GMT
time frame : 15 min
current rate : 1347.42
high : 1368.06
low : 1345.43
net change : -0.92%
overall trend : slightly bearish.
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gold
if we see the market with two indicator adx wilder(14) & adx(14) in 1 hour timeframe.the value of two diferrent indicator shows us that
adx wilder(14) level
style : 32.98
+di : 15.54
-di : 30.27
adx(14) level
adx : 36.42
+di : 9.52
-di : 35.16
so we can decide that the market trand is : down
timeframe : 1 hour
time : 1200 gmt
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Updtae:
The price of the gol remains stuck between the morning mentioned levels, which we are waiting for breaching one of them to detect the next trend clearly. Therefore, our neutral attitude remains valid, and to get more details about these levels and the expected targets, please takes a look at our morning report.
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today i like to sell gold @ 1359.00
my stop loss of the day @ 1362.40
half take profit for today @ 1356.00
and further half take profit @ 1353.30
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Analyzing structure from the July low suggests that a series of 4th and 5th waves should unfold. In other words, gold is headed higher but with corrections along the way.![]()
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