Gold was not down due to FED tapering indication all knows. FED kept easing even though gold has near 450 USD correction. FED is still with its QE3 even though dollar rallied. Now tell how could gold rise all the things are just same....
Gold was not down due to FED tapering indication all knows. FED kept easing even though gold has near 450 USD correction. FED is still with its QE3 even though dollar rallied. Now tell how could gold rise all the things are just same....
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time frame- H1
with hitting the support at the 1280.00 level the price is making a pull up and moving to the resistance at 1296.40 level. if the price is break this resistance then up movement is continue expected. we can hold our long position with this target and stop loss at the 1245.00
good luck.
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Gold once again came to the horizontal mid-term resistance of 1294 which has several times been observed south of the script in the first place again expect from this level southerly rebound and outlet to 1270, but there are also more likely to break through in 1295 that will open in 1320 and 1340.
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gold market analysis by using : average directional movement index wilder(14) & average directional movement index(14) on 19.07.2013
adx wilder(14) level
style : 22.69
+di : 27.63
-di : 14.32
adx(14) levels
adx : 22.83
+di : 21.62
-di : 16.13
time : 1400
timeframe : 1 hour
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G buhat acha khiyal he apka bhaei gold ki trade kuch mukhtalif hoti he baqi currencies ki trade se. Es min hum buhat ziyada munafa kama sakte aur yahan loss karne ka bhi ziyada emkan hota he. To jab bhi gold ki trade ki jaei to pora etminan kar k aur porin information collect kar k aur apne account balance k mutabiq traidng ki jaei to wo kamyab trade kehlaei gi.
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today i like to sell Gold @ 1298.10
my stop loss of the day @ 1306.10
half take profit for today @ 1290.10
and further half take profit @ 1283.10
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.
As you see in my following attached chart, the price of the gold traded between a high of 1288 and a low of 1274, closed at 1284. Today the metal trades above the support level of 1258.
Upside Scenario: If the support level of 1258 holds, a rise to the levels of 1300, then 1313 could be seen.
Downside Scenario: Breaking below the support level of 1258 could push the metal down into the levels of 1246, then 1234.
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Gold pivot levels for 19.07.2013 by using fibonacci pivot indicator.
resistant 1:1296.31
resistant 2:1290.82
resistant 3:1287.43
pivot point :1281.94
support 1:1276.45
support 2:1273.06
support 3:1267.57
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 market analysis by using : average directional movement index wilder(14) & average directional movement index(14)
adx wilder(14) level
style : 20.81
+di : 29.47
-di : 11.84
adx(14) levels
adx : 32.33
+di : 25.13
-di : 8.11
time : 19.07.2013
date : 0800
timeframe : 1 hour
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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