Gold

[FOREX MAN]

elliott common flat correction up 1599.35
it shoukd test 1600 area after which a sell of down to 1580 or extended to 1570 area is expected
technical points
key point 1595 - entry point 1586 - elliott 1577 - closing 1590 - progection 1599 - trend line 1593

[GunDuL]

view of the situation seems to pair gold will go up, but for the open position should wait until break trendline and resistant. for target the nearest safest resistant, and should remain vigilant because judging longterm (monthly) bearish forces are so strong.

[mudassirhameed]

Gold (Au) has a fixed spread of $1.00; a margin requirement of $1,000 per 100 ounces; a required margin of 2.5%; a minimum contract size of 100 ounces; and leverage of 1:40, instead of the 1:200 leverage found on currencies.What does this mean? It means that when you open your Standard Account, you can choose to trade Gold, and it will only charge you $1,000 of usable margin to open a position of 100 ounces, which is the minimum tradable lot size, and the spread charged is only 100 pips, which is a highly competitive figure for Gold trading.

[m.ashraf]

gold
dear,s
gold ka ek buhat acha strong resistance hai 1550 py wasey bes point ko ponchna buhat mushkal hai agir gold es sey opar nikal giya to phir es ka down trend easily ni aye ga .

---------- Post added at 07:47 PM ---------- Previous post was at 07:41 PM ----------

BBS Multi trading system
helo,dear
startgy keyliye thanks kiya aap es ki explan kar sakty hain k startgy kasy kaam karta hai.
mai es ko indicators ky zairye download kar sakty hain. mai ea ko like nahi karta.
mai manual trading ko pasand karta hon.

[advance]

in the H1 time frame the price is break the first support at the 1584.40 and now it is move to the second resistance at 1576.90 it is making a pin bar candle so may be move to the up side. if the price break the 1584.50 we can long with the target 1595.00

[mtrsumon]

Gold analysis for 03.14.2013 by using pivot indicator.

r3: 1609.10
r2: 1603.90
r1: 1595.60

pivot: 1590.40

[farooq4455]

The gold markets did very little during the session on Wednesday, but did manage to test the $1600 level. However, that level offered resistance, and the market simply could not overcome it. However, looking at the overall shape of this chart it does appear that we are finding support down at the $1560 level, and as a result we think we are entering a phase of accumulation. After all, this is a point in time where almost everybody in the market hates gold, which makes is exactly the right time to think about buying it.

[forexgroove]

GOLD (Spot) intraday: rebound expected.

Pivot: 1581.00
Our preference: LONG positions above 1581 with 1599 & 1609 as next targets.
Alternative scenario: The downside breakout of 1581 will open the way to 1575 & 1568.
Comment: Gold prices are bouncing off a support area around 1585 (former resistance). A re-test of 1599 seems more likely.

[almamun466]

Gold technical analysis by using moving averages.

date : 03.14.2013

time : 04:00 GMT

time frame : 1 hour.

sma200 : 1581.00 signal- buy.
sma100 : 1584.11 signal- buy.

[advance]

in the h1 time frame the price is supported at lower side 1589.90 it is not able to break this support and move up side. upper side the price will try to providing resistance at 159550. we can long if this resistance is break to the next target 1630.00