Thread: Gold
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The gold is worth catching sales because after violent turbulence price still went south and broke through a strong zone of lower fractals (1671.36 support) is now opened to bear sloping support line (from which the last time see the northern lights out) - and it is still going to be my main purpose.
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in the h4 time frame it is again come back to the resistance leve 1679. this level is very strong resistance price two time came at this level but not break. but if this time it break then it will making new resistance. we can long with breaking resistance at 1679 at 1685 and target 1700
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gold is moving with the very fast prices in such a days price of gold increasing every day with average the market of gold is selling at a very high price so there is a large numbers of investors in this way.
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gold is just an amaizing commodity because i know that with gold will have the best things in the market and we will be more and more btter in the market that way i know it will all be good.
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the pair is not able to move more that 1686 and it is again move to downside. but its first try to move to the side of support at 1653.70 at this level price is also become oversold. long trade can at 1653 and stop loss is next support at 1644.30 with target 1676.30
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I'll buy the gold, the price began to drive back to the north, and only that gold still managed to break through the resistance in 1664 and then continued to grow, building above this level has opened a good potential for growth, as the next strong resistance level is already about 1674 to the same MASD also sends a signal to buy.
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Gold today will possible to go down towards 1653.60 and may continue to 1644, however if gold moves up and break 1666.80 level, it is potentially to go up towards 1676, and may continue to 1689
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Opened the purchase of gold, the price after yesterday's strong growth momentum established a clear support level of 1673 (down zone fractal) near now passes and moving blue alligator (strong sloping support line), visible in the form of consolidation and the last rising doji candle, also showed stochastic signal to buy.
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Gold testing the initial objective 1/31/2013 ]
the goal now is test the strength of the 1692.00 level as the breach of this level will open the door to return to the general breach
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