Gold

[mitali277]

Gold analysis for 03.04.2013 by using : pivot indicator.

r3: 1608.50
r2: 1597.50
r1: 1586.40

pivot : 1575.40

s1: 1564.30
s2: 1553.30
s3: 1542.20

[Forcik]

On a daily chart of gold form the black crows pattern candle thee with RSI, stochastic moderate declines and the volume is likely to increase illustrates the bearish continuation of gold has been fully supported by the market broke through the low bar daily earlier. For the next movement in the gold price still stuck in resistant 1590.35, there is a tendency of gold can still be bearish again with estimates to retrace 1555.50 area. But if managed to penetrate the resistant 1590.35 the possibility of recovery of gold will extends to an area with an estimated 1605.00.

[forexgroove]

GOLD (Spot) intraday: rebound.

Pivot: 1565.00
Our preference: LONG positions above 1565 with 1587 & 1592 in sight.
Alternative scenario: The downside penetration of 1565 will call for 1555 & 1538.
Comment: the price has broken up its bearish channel. The RSI is mixed with a bullish bias. As long as 1565 is support, a recovery is more likely

[sara300]

we can see in the m15 chart

the pair will go up to fibo 50.0

I see the pair will go to up way to 1579.10

stochastic refers that the pair will go up

so our target buy from 1578.20 and our target will 90pips

Good luck

[muscle fx]

� Gold fell on Friday, posting a series of drop in three weeks, because of its reputation as a safe haven failed to attract buyers after a strengthening U.S. economic data and global markets are still relatively quiet which extends forward from the shadow of the U.S. government's spending cuts.

� Gold fell as the dollar rose after U.S. economic data including consumer spending, consumer confidence and factory activity are all recorded an increase in economic growth.

� Precious metals to survive weakened as the U.S. government set to begin in federal spending cuts known as "sequestration" / foreclosures that threatens to impede economic recovery, after the precedent Obama and congressional leaders failed to find an alternative budget plan.

[faisal waheed]

Gold closed at 1575,next week is very important for gold because level where it close that is average closing,so i personally feel in next week gold touch 1550 area so go long on this level with a stoploss of 1520 and profit target is open if gold break 1520 level sell gold aggressively.

[saeed66]

gold is very important metal in our life .people like to invest in this metal to get profitb Gold ka 1 bahut strong resistance lagta hai 1550 pe...waise to is point kop todna thoda mushkil hai lekin agar gold iske upar nikal gaya to fir iska down trend itnio easily nahi aayega..
So trade in gold

[arponeee37]

last week i got some profit be trading gold. but in this week there is too much ups and downs in market. that's why i am afraid to place my trade. can any one help me to find a place for my trade?

[jamil43]

Gold metal is very good metal for investing money .now gold is at lower value .it touches lower value 1555 in previous month than it hit 1620 in this week. the momentum of gold is still not vesible .i think gold touches low value i n this year at 1522

[forexhunter]

As i told u in my last post Gold is trying to reach the resistance level at 1584 now. Then, if Gold can break that resistance, Gold may continue going up to the next resistance level at 1590. But if fail to break that resistance, Gold may reverse and fall to the support level at 1570 or lower.