elliott common flat correction up 1608.40 market should hold major support at 1594.55 befor rising towards 1602.21 or even 1604.80limite
support and resistances
res2 1604
res1 1602
pivot 1598
sup1 1595
sup2 1592
Thread: Gold
elliott common flat correction up 1608.40 market should hold major support at 1594.55 befor rising towards 1602.21 or even 1604.80limite
support and resistances
res2 1604
res1 1602
pivot 1598
sup1 1595
sup2 1592
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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 04.01.2013 by using pivot indicator.
r3: 1605.94
r2: 1602.65
r1: 1599.94
pivot: 1596.65
s1: 1593.94
s2: 1590.65
s3: 1587.94
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GOLD (Spot) intraday: the bias remains bullish.
Pivot: 1590.00
Our preference: LONG positions above 1590 with 1608 & 1617 in sight.
Alternative scenario: The downside penetration of 1590 will call for 1576 & 1561.
Comment: the RSI is supported by a rising trend line.
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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.
Gld has been in a clear consolidation mode for a very long time now. I expect a fall in gold prices also because i perceive a huge recovery in the economy of america and that will make gold bearish
Patience is Key.
In the H1 time frame the the price is moving the channel pattern. the upper side resistance at 1599.95 and lower side support at the 1593.95 we can trade when the price break this channel. the price is having a strong support at the 1590.00 so we will wait for the long entry at this level.
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.
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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