Thread: Gold
The Gold is trading in a very narrow range yesterday just below the horizontal resistance at 1695.00 level and below the main descending channel resistance. Therefore we expect that the Gold has more potential to move downside. According to my chart analysis, I prefer to selling the Gold around 1695.00 with targets 1684.00, 1675.00 then 1663.00 and stoploss is above 1705.00.
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Gold interview resistance 22/1/2013
Fluctuation of the price of gold continues at the expected penetration resistance at 1692.00 and shows a clear weakness trades since yesterday while SMA 50 continues it,s support for the price from the bottom
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Daily analysis for Gold , Gold breached strong resistance at 1692.00 and is now in front of 1695 I expect possible rebound, but in the case of continued ascent expect possible climb to 1700.00 and reflux
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Gold may goes higher today as yesterday moved in sideways. If it can break high at 1690, then it is potentially goes up towards 1700, however if it break low at 1685, it is possible to go down towards 1679
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Gold is still moving inside a narrow trading range near its maximums. I think today the instrument may form another descending correction towards the level of 1670. Later, in my opinion, the price may start a new ascending structure to reach the main target at 1707.
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gold is the best commodity in the market that i will have to make sure that i know how it s affected by the major currrecies that affect it that way i can be able to make more and more money.
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 still looks far more to the north but to buy the laws of technical analysis worth wait break the upper boundary of the triangle, I also note that an attempt to overcome the Bears in 1685 ended support false breakdown and was not supported by market participants, the mean price of the south did not want to go.
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i do love trading gold it is that best part of trading that i do love so much i know when one has a lo capital to be trading with they can be able to make a lot of money in the market.
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.
sell gold at the level 1689.16 with targets at 1682.26 and 1674.30, but in case of breaking the level 1694.81, then buy at this level 1704.65 and 1709.73
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.
Settle trades near the level of 1692.00 and gets positive price support from SMA 50 and Stochastic
which encourages us to continue tipping upward trend
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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