SubscribeGold price already touched daily pivot point (1399.27) and upper trend line. Now the price try to move down ward. I think the price may touch daily support 2 level (1387.43).
Thread: Gold
Gold price already touched daily pivot point (1399.27) and upper trend line. Now the price try to move down ward. I think the price may touch daily support 2 level (1387.43).
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GOLD has resistance at 1398,if it hold then we can buy near 1398 stop loss below 1390 and Target will be 1403/1413/1423
in other way If gold break 1384 then best entry for sell near 1384 stop loss above Target will be 1375/1365/1355
Major level are 1435 --- 1385 ---- 1350
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The price of the gold finished last Fridays trading exactly at the critical support 1394.00, keeping the overall positive chances valid, but todays opening was clearly negative, which might push to test the 1340.00 before resuming the main bullish trend. At the same time, Stochastic keeps getting rid of its negative momentum ****ually, keeping our overall expectations for the bullish trend active until now, it might be preceded by temporary decline due to the effect of the trading inside the current price channel. It is important to be aware that breaking 1340.00 will cause a major turn in the intraday trading towards the downside.
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Gold analysis :
date : 09.02.13
time : 05:00 GMT
time frame : 15 min
current rate : 1391.38
high : 1394.29
low : 1373.72
net change : -0.21%
overall trend : slightly bearish.
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gold
indicator awesome oscillator buy good awesome oscillator indicator best to trader
entey:1379.45
tp:1385.23
less:1375.76
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Gold analysis for 09.02.2013 by using pivot indicator.
r3: 1425.25
r2: 1418.01
r1: 1406.40
pivot: 1399.16
s1: 1387.55
s2: 1380.71
s3: 1368.70
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Gold is very bold to explain the price action lets start with recent from 1280 to 1349 and then 1280 to 1376 and then 1352 to 1433 here is the answer is 1327 to 1376 and 50% stands at 1352 which was the low offer support and 1350 to 1277 and 1350 to 1427 are two equal swings of 77 pips with 1352 and 1376 50% comes in at 1352 This is the math .and 1 2 pips here and there can be taken as minor whispaws .
Lets talk with chart what happens and everything is explained and you should be looking for breakout 1376 and then 1313 finally to test 1267 and then new below 1190 and this will be final and powerful decline in gold not seen recently
regards
check the price action
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Gold settled during the trading day Friday due to the erosion of the probability of the presence of U.S. military intervention against Syria, as well as U.S. data raised new concerns about the Fed cut its cash facilities.
The spot gold contracts undergone a slight change, to settle at $ 1,406.99 an ounce at 06:38 GMT. This has gold rose to its highest level in three and a half months at $ 1,433.31 during trading on Wednesday.
In a related development, head precious metal towards the highest level for the second month in a row, supported by Alinktfah operations to cover the losses, as well as technical buying, heading towards the highs at $ 1,400 this week
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.
Niceville gold and silver parties, in Niceville as well as gold parties in other areas of Florida and all over the nation, are starting to appear more frequently. Although they have been in existence for several years, it is only now that they are becoming more common
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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