Gold analysis :
date : 09.23.13
time : 01:30 GMT
time frame : 15 min
current rate : 1318.45
high : 1330.20
low : 1313.16
net change : -0.66%
overall trend : slightly bearish.
Thread: Gold
Gold analysis :
date : 09.23.13
time : 01:30 GMT
time frame : 15 min
current rate : 1318.45
high : 1330.20
low : 1313.16
net change : -0.66%
overall trend : slightly bearish.
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time frame- H1
the price of the gold is again trun to the down side. this week its cover the gap of lost week and will having resistance at the 1330.00 level the price is again try to move at the lower support 1296.00 side or more down. if this short 1310.90 level down movement is expected.
trade type- short
target@1296.00
stop loss@1330.00
good luck.
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Gold Currently break 1337 support and falling strongly, trend is bearish from last few month due to economic weakness of metal now next target is 1300 and 1280. Let see these support hold or not if not hold then gold may be dropped till 1180 and may be break this level then in this case next target will be 1020 alternate upside breaking of 1337 will be next target of 1358 and 1385.
Current important level 1337 1385 1280
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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.
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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