today i like to sell gold @ 1295.10
my stop loss of the day @ 1301.10
half take profit for today @ 1291.10
and further half take profit @ 1286.10
today i like to sell gold @ 1295.10
my stop loss of the day @ 1301.10
half take profit for today @ 1291.10
and further half take profit @ 1286.10
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.
GOLD Signal Today
Spot gold ended the session on Wednesday with gains of 0.45%, capping a two session decline. The precious metal is trading in a flag formation with a 1280.00- 1320.00 range. Trend bullish with the precious metal likely to rally to the higher end of the band in the near term. However, a close below supports at 1270.00 would negate the bullish view with the yellow metal is likely to crash to 1250.00- 1260.00 followed by 1180.00- 1200.00
Trend direction
Short term: Bullish
Medium term: Bullish
Long term: Bearish
Trading Recommendations
Long:
At 1280.00 with a stop at 1275.00 for a profit target of 1310.00
At 1272.00 with a stop at 1264.00 for a profit target of 1310.00
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the price of the Gold seems to be more under a sale pressure sale after a period of accumulation that gave the idea to prepare an upward breakout of $1.350 level. The Gold, however, reacted in the dynamic resistance, represented by the bearish trendline of last May, breaking the moving average and approaching the significant level $1.265 (also tested, as resistance, in June 2010). The confirmed breakout of this key level, always with one of my short trading signals, could give the green light for a short entry in the Gold with first target in the support $1.200 and then $1.150 area.
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Gold analysis for 08.08.2013 by using pivot indicator.
r3:1309.17
r2:1298.96
r1:1292.86
pivot:1282.65
s1:1276.55
s2:1266.34
s3:1260.24
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Hi,,
in the chart 1h we can see the pair will go to down way in the future
I see the pair will go to 1274.30
I expect from this analyze that the price will go to down way
so sell from 1287.16 to 1274.30
good luck
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gold is the most precious metal in the world . i think it performs good in bad time . so i think everyone analysis gold and trade it.
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time frame- H1
the price of the gold is not able to break the strong support at the 1271.83 level and again moving up side. but now the pivot point try to reject up movement. if this resistance at the 1289.00 is break we can long with the take profit at 1300.00
good luck
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today i like to sell Gold @ 1286.10
my stop loss of the day @ 1291.10
half take profit for today @ 1281.10
and further half take profit @ 1273.10
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.
elliott irregular flat correction down 1274.62 market should not go lower than 1281.36 - 1272.76 after this move down it should go up to 1295.19 - 1300.44 area
support and resistances
res2 1317
res1 1300
piovt 1289
sup1 1272
sup2 1262
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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