we can see in the 1h chart
the pair trading down the 38.2
I see the pair will go to down way to 1358.19
stochastic refers that the pair will go down
so our target sell from 1372.79 and our target will 1460pips
Good luck
Thread: Gold
we can see in the 1h chart
the pair trading down the 38.2
I see the pair will go to down way to 1358.19
stochastic refers that the pair will go down
so our target sell from 1372.79 and our target will 1460pips
Good luck
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Instrument: GOLD
Trading Signal - 20/8/2013 - 10:00 GMT+3
60min
CHART
Upwards Weak
The market is testing support at 1350.00. We are waiting to see reversal signals in order to reinstate LONG positions, or alternatively the upward break of the 1385.00 resistance level. Next important support the 1340.00 level.
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As you see in my following chart, the gold traded between a high of 1384 and a low of 1362, closed at 1366. Today the metal trades below the resistance line of 1385.
Downside Scenario: As long as the Gold remains below the resistance line of 1385, a decline is likely to be seen into the levels of 1348, then 1336.
Upside Scenario: If the metal penetrates above the resistance line of 1385, this could send the metal to the levels of 1397, then 1410.
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Gold technical analysis
date : 08.20.2013
time : 11:45 GMT
time frame : 15 min
indicator :
1) RSI (14)
value: 61.07
2) MACD (26,12,9)
value: 0.854
3) ADX (14)
value: 35.96
4)CCI(14)
value: 63.13
overall trend - slightly bullish.
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Gold analysis for 08.20.2013 by using pivot indicator.
r3: 1401.06
r2: 1392.58
r1: 1378.94
pivot: 1370.46
s1: 1356.82
s2: 1348.34
s3: 1334.70
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Gold price already touched daily support 1 level (1357.27) and lower trend line. Now the price try to move up ward. I think the price may touch daily pivot point (1370.78).
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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.
The Gold In line 4H There are two consecutive summits
every top of the highest of her next summit is
an indication of the low is uncertain,
and I expect his arrival to the support line at
the point of 1358.40 and Buying at this point
Last edited by Mohamed Hassan Ahmed; 2013-08-20 at 01:10 PM.
today i like to buy gold @ 1353.10
my stop loss of the day @ 1347.10
half take profit for today @ 1359.50
and further half take profit @ 1364.80
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gold technical analysis by using : average directional movement index wilder(14) & average directional movement index(14) on 20.08.13
timeframe : 1 hour
time : 0700
market trend : up
adx wilder(14) level
style : 17.90
+di : 16.90
-di : 24.76
adx(14) level
adx : 18.80
+di : 14.07
-di : 19.98
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