Gold

[yogesh]

My gut feelings are saying that Gold may drop down by $4 to 5 but it will soon revert back and will definitely cross its limits and will reach $1600 soon.

[delpacing]

Gold rally, away from the 4 �-month low level, due to lower prices to attract buying physical gold. However, further strengthening of the gold may be limited due to concerns over the worsening debt crisis, the euro zone. Since the beginning of the year, gold is moving in the direction of other risky assets, like stocks, minerals, and oil, as investors prefer to hold dollars. However, some analysts see the phenomenon may soon change.

[yogesh]

It is really good and encouraging for investors in gold that today it is trading in positive territory with some gains though it has not still succeeded crossing 1600 but if gold maintains the range i feel soon it may give a break up on upside.

[yogesh]

In last hours on friday gold has traded in a narrow range 1600 level is working as a strong resistance and despite trying several times gold was not able go beyond it - we may expect some correction or say testing 1570 level before breaking 1600 decisively.

[simpleforex68]

We can see that in H4 chart of the pair, the price is in downtrend because the price is below the ichimoku kumo cloud and ema 200. So, I think the price will be down soon.

[ashaab]

Gold rebounded to the upside, achieving the targets suggested before, but the bullishness stopped around the barrier of 1582.00, where the metal reverses to the downside now, affected by the negativity of Stochastic. But, in general, the intraday upside move might extend today, targeting 38.2% Fibonacci correction as shown above, as a breach of this level will support the metal to move towards 1599.00 and then 1616.30.



Recommendation : Based on the charts and explanations above, our opinion is buying gold with a breach of 1582.00 targeting 1599.00 and 1616.30 and stop loss with four-hour closing below 1570.00 might be appropriate

[ashaab]

Gold if offering upside reversal signs and that is normal with the completion of the Deep Harmonic Pattern, where its CD leg was an IM wave. We believe that there is a good chance for the upside move to resume to test 23.6% correction of CD leg at 1561.00 then move to the first target of the harmonic patter at 38.2% correction at 1582.00. Breaching areas of 1510.00 weakens the positive expectations, while a breach of 1498.00 negates it.



Recommendation : Based on the charts and explanations above, our opinion is buying gold around 1540.00 targeting 1552.00, 1561.00 and 1582.00 and stop loss with four-hour closing below 1510.00 might be appropriate

[simpleforex68]

I will analyze in H1 chart of the pair. We can see the price is below the Ichimoku Kumo Cloud and EMA 200. These signals confirm for the downtrend. The price is approaching the Kumo Cloud. So, I think it will be down.

[khaled24]

Gold will reach a level @ 1520.71 which always correct its direction after hitting it , we can say that Gold is almost @ this point now , we can now buy the pair make a very good profit as usual with gold when we set the target points @ 1614.50 then @ 1673.75 , Good Luck

[Nabi Ahmed Gill]

Main ye thread GOLD ke discussion ke liye bana raha hain. Sabhi members ko ya post karne ke liye swagat karta hoon.

yar gold boht he zadia risky pair ha ro es main loss boht zada hota ha agr es main loss boht zada hota ha to es main profit be bht zada hota ha es laya mai es pair ko used he nahi karta hooon q k mara account main balance boht he kam ha.