elliott correction zigzag 1601 there is bearish potential for afall to 1602 while 1609 - 1612 resist after 1612 resist after this fall 1612 or 1615 is expected
support and resistances
res2 1622
res1 1615
pivot 1609
sup1 1602
sup2 1596
elliott correction zigzag 1601 there is bearish potential for afall to 1602 while 1609 - 1612 resist after 1612 resist after this fall 1612 or 1615 is expected
support and resistances
res2 1622
res1 1615
pivot 1609
sup1 1602
sup2 1596
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Gold
bhai mere Main ye thread GOLD ke debationg ke liye bana raha hain. all friends or all members ko ya post karne ke liye welcom karta hoon.
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Gold over the last few hours greatly declined after the price has still managed to break through the support of 1604, now is the formation of a new one south of the wave (wave rebound from resistance 1615), about buying better yet forget to climb against such strong spark does not cost you, personally, I'm waiting completion of a small northern correction and since renewed selling with a profit decline in 1583.
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Gold analysis for 03.25.2013 by using pivot indicator.
r3: 1624.73
r2: 1619.57
r1: 1612.83
pivot: 1607.67
s1: 1600.93
s2: 1595.77
s3: 1589.03
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Gold is a dense, soft, shiny, malleable and ductile metal. It is a chemical element with the symbol Au (aurum in Latin, meaning glow of sunrise) and atomic number 79.
It has a bright yellow color and luster traditionally considered attractive, which it maintains without oxidizing in air or water. Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive chemical elements solid under standard conditions. The metal therefore occurs often in free elemental (native) form, as nuggets or grains in rocks, in veins and in alluvial deposits. Less commonly, it occurs in minerals as gold compounds, usually with tellurium.
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Gold is a chemical element it is a dense, soft, shiny, malleable and ductile metal. It is used widely throughout world as a vehicle for monetary exchange, either by issuance ad recognition of gold coins or other bare metal quantities. Gold prices are measured by trading in gold and derivatives markets.
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Gold technical analysis by using moving averages.
date : 03.25.2013
time : 0800 GMT
time frame : 15 min
sma200 : 1610.63 signal- neutral.
sma100 : 1609.46 signal- sell.
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in the H1 time frame the price of gold is moving in the channel pattern. the up side price have a strong resistance at 1615.00 and lower side support is 1600.00 now price is rejected from the 1612.00 so it will try to move support side so we can short this pair to the target 1600.00
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GOLD (Spot) intraday: key ST resistance at 1617
Pivot: 1617.00
Our preference: SHORT positions below 1617 with targets @ 1600 & 1590.
Alternative scenario: The upside breakout of 1617 will open the way to 1625 & 1638.
Comment: as long as 1617 is resistance, likely decline to 1600.
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