Gold

[mahmood_leap1]

Today Signal--GOLD--16 August, 2013

Spot gold ended the session on Thursday with gains of 2.32%, bouncing back sharply from the session lows of close to 3.5 percent. in a highly volatile session. the precious metal closed above crucial levels at 1348- 1350.00, and rally could extend 1408.00- 1415.00 per troy ounce, last seen in June this year. near term, the downside could be capped at 1340.00- 1345.00, close below which the yellow metal could slide to 1300.00. for positional trades, hold on to the precious metal for targets of 1400.00- 1405.00 with stops at 1337.00- 1340.00

TRADING RECOMMENDATIONS

LONG:
Hold on to positions initiated at 1355.00 with a stop at 1347.00 for a profit target of 1370.00 At 3.30 AM GMT, the precious metal was seen trading at 1354.00- 1366.00 with the session highs at 1372.50.
if steps get hit, long again at 1344.00 with a stop at 1337.00 for a profit target of 1375.00.
At 1380.00 with a stop at 1370.00 for a profit target of 1402.00.

[javeed]

Daily pivot Fibonacci points: Resistance levels: R1: 1371.90 R2: 1375.78 R3: 1380.34 Support levels: S1: 1332.67 S2: 1325.87 S3: 1320.12

[amnag]

today i like to buy gold @ 1355.10
my stop loss of the day @ 1349.10
half take profit for today @ 1363.60
and further half take profit @ 1369.80

[meforall]

gold technical analysis by using : average directional movement index wilder(14) & average directional movement index(14) on 16.08.13


timeframe : 1 hour
time : 0700
market trend : up

adx wilder(14) level

style : 34.33
+di : 33.19
-di : 13.81

adx(14) level

adx : 26.84
+di : 17.09
-di : 11.75

[moka]

the pair trade above the up trend

stochastic refers to up way

so the pair will continue to up way

[meforall]

gold technical analysis by using : average directional movement index wilder(14) & average directional movement index(14) on 15.08.13


timeframe : 1 hour
time : 2000
market trend : up

adx wilder(14) level

style : 26.31
+di : 40.91
-di : 16.70

adx(14) level

adx : 30.91
+di : 31.90
-di : 15.57

[omar555ak]

Gold pair price already touched daily support 1 level (1322.22) and lower trend line. Now the pair try to move up ward. I think the price may touch Fibo 100.0 level.

[uttom]

I think that Gold ka 1 bahut strong resistance lagta hai 1550 pe...waise to is point kop todna thoda mushkil hai lekin agar gold iske upar nikal gaya to fir iska down trend itnio easily nahi aayega.All the best

[vetman85]

As you see in my following attached chart, the price of the gold traded between a high of 1336 and a low of 1316, closed at 1336. Today the metal trades below the resistance line of 1347.
Downside Scenario: As long as the Gold remains below the resistance line of 1344, a decline is likely to be seen into the levels of 1320, then 1305.
Upside Scenario: If the metal penetrates above the resistance line of 1347, this could send the metal to the levels of 1359, then 1371.
[IMG]3.bp.blogspot.com/-BiLAAx_4sEs/UgyTDRHlC4I/AAAAAAAAJvU/wBijd0c1zLQ/s1600/gold.jpg[/IMG]

[vetra]

GOLD bullish momentum yesterday made weekly LSMA be flat. but the dominance of the market is still dominated by the buyer, visible a few hours ago the price has bounced from LSMA weekly. Daily LSMA direction of movement is also in a state of continuation up sideway, but weakening daily buyers, because prices below LSMA play daily. if several hours later LSMA change color daily, then open sell with daily profit target if LSMA change color to lime. if prices go up and then come back to make daily LSMA a strong trending up, then place the profit target at high area daily.