Thread: Gold
As you see in my following chart, the gold traded between a high of 1352 and a low of 1276, closed at 1285. Today the metal trades below the resistance line of 1326
Downside Scenario: A holding of the resistance line of 1326 could help the metal to decline into 1285, then 1272.
Upside Scenario: A break above of the resistance line of 1326 could push the metal up into the levels of 1338, then 1350.
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Our preference: SHORT positions below 1326 with targets @ 1270 & 1244.
Alternative scenario: The upside penetration of 1326 will call for 1351 & 1375.
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The unprecedented drop in precious metals. Gold bubble was blown away. What other titles to journal articles can come up with this situation for gold.
Gold continues to fall and the bottom of it, so it appears, is not visible. The potential drop is not over yet and it is possible that gold will amaze with new lows. Trading Plan for gold went smoothly and as of today: When a possible correction in the resistance area 200-day moving average open sale with a short stop
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today i like to sell Gold @ 1296.10
my stop loss of the day @ 1305.10
half take profit for today @ 1282.9
and further half take profit @ 1276.9
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time frame- M30
the price is rejected from the 1304.00 and hold at the 1268.00 now the price is making a bullish engulfing candlestick pattern and followed by a bullish candle. so its up movement is expected. the price will try to move at the 1304.00 and if this level is break then it is hit the 1317.00
good 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.
My analysist for gold today,21 june 2013 using open market price strategy
buy stop 1284.72 tp 1284.92 sl 1284.12
sell stop 1284.32 tp 1284.12 sl 1284.92
happy enjoy trading...
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 06.21.2013 by using pivot indicator.
r3: 1396.22
r2: 1386.34
r1: 1368.61
pivot: 1358.73
s1: 1341.00
s2: 1331.12
s3: 1313.39
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.
hi;;;
price:1270.46
will buy:1273.46
point:300
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.
http://www.mql5.com/en/charts/428526...staforex-group
the pair will go up to fibo 23.6
I see the pair will go to up way to 1372.54
stochastic refers that the pair will go up
so our target buy from 1284.70 and our target will 8722pips
Good 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.
elliott flat correction down 1344.42 it should be subject to more sell off towards 1378 or 1372 corrective up wards swings should face resistances around 1411 area abreak of 1412 is bullish
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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