Thread: Gold
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the gold rates today bid rate are 1295.52 and ask rate is 1296.12
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gold last day market analysis by using : average directional movement index wilder(14) & average directional movement index(14)
adx wilder(14) level
style : 32.97
+di : 26.31
-di : 9.21
adx(14) levels
adx : 36.14
+di : 19.67
-di : 6.07
date : 20.07.2013
timeframe : 1 hour
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Gold long term maine trend bearish hy price are currently testing 1295/1300 any break of 1300 will b give touch 1320 and 1340, next strong resistance is 1340 if market hold it and rejected it we will enter from 1340 for short position and target will b 1300 and 1265
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story remains the same test of 1300 area but no break slow momentum NO volume behind the bull moves short covering before next move or bull trap But This makes 1266 area even more stronger Now I expect 1300 and 1321 area capped the pair for a break below 1266 and then we should go bang for the new lows
check the chart
regards
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elliott flat correction down 1274 it may attempt a test higher to 1286.44 - 1290.47 after which weakness may set it to a drift down to below 1276.13 limit
support and resistances
res2 1296.76
res1 1290.47
piovt 1.282.41
sup1 1276.13
sup2 1268.07
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Hi,,
in the chart 4h we can see the pair will go to up way in the future
I see the pair will go to 1344.74
I expect from this analyze that the price will go to up way
so buy from 1295.52 to 1344.74
good luck
Last edited by koky90; 2013-07-20 at 02:50 AM.
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.
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