Thread: Gold
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hi;;;
time chart:4h
i see the pair wiil go to up support index stochastic
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elliott irregular flat correction down 1355 one more dip to 1364 is likley followed by a grind higher to 1382 after which it can resume it is down trend
res2 1396
res1 1382
pivot 1371
sup1 1357
sup2 1346
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Gold is beginning today with the growth of the North, the price has managed to break through the sliding alligator-thereby declaring the formation of a new mid-northern wave signal to the north also serves break the top 3 of fractals (1370 resistance), the path to the north is free up to 1385.
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Despite the fact that gold has broken through the 1,369 resistance from him that I'm still waiting for down****e, it seems the price has decided to once again test the strength of yesterday pierced that level in 1374 and now acts as a drag-and this mark will be the point of resumption of decline, the goal in 1340.
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gold market analysis by using : average directional movement index wilder
adx wilder(14) level
style : 35.69
+di : 15.30
-di : 26.94
timeframe : 1 hour
date : 19.06.2013
time : 1300
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"Break" the trend line within the trading range of the limited level of resistance and support level 1422.77 1338.30 paved the way for further decline in gold. Lowe May 17, will be like a magnet to attract quotes and the way this can be instant, or on a curve, but the fact remains. Price remembers its history and once visited that she will visit this place again. A matter of time ...
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today i like to Buy Gold @ 1363.10
my stop loss of the day @ 1355.80
half take profit for today @ 1373.10
and further half take profit @ 1383.10
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Our preference: SHORT positions below 1378 with targets @ 1354 & 1338.
Alternative scenario: The upside penetration of 1378 will call for 1394 & 1402.
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Gold technical analysis
date : 06.19.2013
time : 04:30 GMT
time frame : 15 min
indicator :
1) RSI (14)
value: 45.76
2) MACD (26,12,9)
value: -0.400
3) ADX (14)
value: 23.19
4)CCI(14)
value: 38.54
overall trend - slightly bearish.
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