Thread: Gold
Gold has demonstrated a release from sliding alligator and after a long sideways consolidation price seems to determine the direction of motion - and it is south, on the daily chart continue to work out a signal to sell stochastics and RSI, now waiting for gold to support a minimum of about 1270.
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
Trading Signal - 6/8/2013 - 08:00 GMT+3 60min CHART
Downwards Weak
Waiting for a retracement higher towards the 1305.00 resistance level in order to reinstate SHORT positions.
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.
As you see in my following attached chart, the price of the gold traded between a high of 1321 and a low of 1297, closed at 1303. Today the metal trades below the resistance line of 1320.
Downside Scenario: As long as the Gold remains below the resistance line of 1320, a decline is likely to be seen into the levels of 1280, then 1267.
Upside Scenario: If the metal penetrates above the resistance line of 1320, this could send the metal to the levels of 1334, then 1348.
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 technical analysis
date : 08.06.2013
time : 11:30 GMT
time frame : 15 min
indicator :
1) RSI (14)
value: 40.83
2) MACD (26,12,9)
value: -0.649
3) ADX (14)
value: 19.88
4)CCI(14)
value: -122.77
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.
today i like to buy Gold @ 1299.10
my stop loss of the day @ 1303.10
half take profit for today @ 1296.10
and further half take profit @ 1291.10
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.
Higher-high higher-low formation looks intact in xauusd & on swing support long legged PIN is formed.I'm buying on PIN's 50% with a r:r of 1:2.5 for a target of it's key resistance 1339.
Last edited by fxabdulrehman; 2013-08-06 at 03:51 PM.
I think This time good idea to gold but with using tp 1350. gold will upword in next 2 week so selling is a rizki.. so best of luck.
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 analysis for 08.06.2013 by using pivot indicator.
r3: 1338.54
r2: 1329.23
r1: 1315.57
pivot: 1306.26
s1: 1292.60
s2: 1283.29
s3: 1269.63
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 crucial revresal point it may attempt a test higher to 1336.60 1379,35 after which weakneas may set it a drift down to below 1239.53 limit
support and resistances
res2 1433
res1 1379
piovt 1293
sup1 1239
sup2 1154
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 once again tested the alligator slide-again unfolded in the south, which was held from southern lights out, broken short-term support for 1306 + Stochastic has formed a sell signal until the bears importantly strengthened below 1300 figures, thus open the way back to 1282, 1273.
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.
There are currently users online. members and guests
Threads:
Posts:
Member:
Subscribe
Thanks
Currently Active Users
