now gold market 1680 and the next target is 1650 that's means gold is down and its create downtrend so all of my friend ready to sell a gold i think its proper time to sell.
Thread: Gold
now gold market 1680 and the next target is 1650 that's means gold is down and its create downtrend so all of my friend ready to sell a gold i think its proper time to sell.
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Gold analysis by using : moving average
date : 01.31.2013
time frame : 1 hour
ema5 : 1678.04 signal-sell
ema10: 1677.58 signal-neutral
ema20: 1675.68 signal-sell
time : 07:00 GMT
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in h4 time fram the analysis with stoch and cci-
as per stoch indicator the price is become over bought so we can see down movement but cci will not giving us short signal. in the chart we can also see some doji that will be a signal for moving downside. we make our short position with breaking the pivot point at 1673.90
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Gold may still continue bullish today. It is likely rise towards 1685, and may continue to 1693, however if gold moves down and break 1673.60 level, it is possible to go down towards 1664 or lower.
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Spoiler:
The position of the current price is above the 50 EMA on the hourly chart, momentum is bullish
The position of the current MACD is above the area 0, the momentum is bullish
Trend today: bullish
Target today:1690.39
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Gold blew strongly to the north after met with a blue alligator sliding seem really planned on it a new trend in the North, and on the 4 hour chart the price is above the moving steadily strengthened alligator (now on the south out of the question) after such a strong growth be expected and the beginning of deep southern correction is better to buy when it is complete.
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elliott correction zigzag 1674.10 current rise seems to be over near 1664.69 or 1668.32 for a retracement towards 1661.60 - 1659 .33 area
tichnical points
key point 1.667.05 - entery point 1660.80 - elliott 1652.15 - closing 1663.78 - projection 1668.92
trendlibe 1654.87
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Time to open the purchase of gold, the price has changed its main trend in the north, also broke the course of a strong resistance level of 1663 which is now made as a mirror (as support) is formed near 4-hour "Dodge" and then the "bullish candle absorption" - that signaled the resumption of the northern wave.
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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 may still rise today, it is possible to climb up towards 1672.30 or higher. But if gold moves lower and break 1660.87 level, it will likely go down towards 1656.00 or deeper.
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