Gold has resenltly been losing ground and its seems it would stop at 1200 and then gain back to where it was
Thread: Gold
Gold has resenltly been losing ground and its seems it would stop at 1200 and then gain back to where it was
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Trading with gold is very risky and more profitable,because the value of gold lot is high and price of gold moves highly.
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The price of gold ended last week passively follows it clear break to support the general bullish trend that shows the image of this day, which provides signals to the possibility that seeing a downward correction in the long intraday during the coming period
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i think the trading rang for today is among the major support @ 1498 and the key of resistance @ 1511 and gold were joint comm ccy to upside move.. as us index moving avergence with gold.. its my opinion
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GOLD H4 chart
Buy at 1278 sl 1265 tp 1297
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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 : 19.63
+di : 25.31
-di : 17.12
adx(21) levels
adx : 22.36
+di : 20.50
-di : 15.42
time : 2300
date : 13.07.2013
timeframe : 1 hour
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we can see in the 1d chart
i see the pair will go to down way to 1276.45
stochastic refers that the pair will go down
so our target sell from 1278.45 and our target will 200pips
Good luck
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Gold on its southern correctional wave again has tested but as a support level of 1267 (about which are also moving alligator) from him, and there was a northern rebound, Stochastic has formed a buy signal on the 4 hour chart of Education held a bullish candlestick absorption, the goal in 1296.
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today i like to buy Gold @ 1270.80
my stop loss of the day @ 1263.10
half take profit for today @ 1279.10
and further half take profit @ 1288.10
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elliott elongated flat correction up 1297 strength can ectend to 1292 or 1303 as declines are expected to find support at 1272 or 1264 a fall below 1242 could turn it bearish
support and resistances
res2 1320
res1 1303
piovt 1281
sup1 1264
sup2 1242
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