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Thread: Gold

  1. #107
    Member sagar is just really nice sagar is just really nice sagar is just really nice sagar is just really nice sagar is just really nice sagar's Avatar
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    S&P 500 stock index futures positioning point to more of the same on Wall Street, but as noted above, a relief rally in risky assets seems like a distinct possibility and may trim gold’s advance.

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    Prices are probing above the 76.4% Fibonacci extension level at $1856.98 to challenge Andrew’s Pitchfork resistance at $1880.44, with a break above that exposing the 100% extension at $1898.36. Near-term support lines up at $1831.38 as the 61.8% Fib.

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    gold 1845 tak aa chuka hai iska long term hi target hai , 2000$ rak chune wala hai kuch hi month me , aoo buy kar sakte ho

    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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    the chart is showing that the pair has succeeded in closing it's daily candle above level 1820.00 , and that's mean the up trend is still standing and the pair might head to 1830.00 and then 1840.00

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    XAUUSD could not make the characteristic huge move against the USD yesterday. . . but we're still within major strong bullish bias, however, there is a scenario on H4, the metal is trapped between 1802 and 1782

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    as we can see from the chart , the pair has succeeded in breaking 1800.00 and reached 1824.00 , so that's mean the up trend is still standing and the pair might head to 1850.00 and the 1870.00

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    Gold price approached 1800 again as the US dollar weakened. Disappointments from Merkel and Sakorzy's meeting also drove demand for safe-haven higher.
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    Analyzing structure from the July low suggests that a series of 4th and 5th waves should unfold. In other words, gold is headed higher but with corrections along the way

    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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    The latest correction ended just before the former 4th wave extreme at 1720 and price is expected to reach a new before the next 4th wave begins. Look higher. 1765 is short term support.

    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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    Initial support levels are seen at $1765.45 and $1735.13, the 14.6% and 23.6% Fibonacci retracements.
    Last edited by sagar; 2011-08-18 at 11:47 AM.

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