Gold

[almamun466]

Gold technical analysis by using moving averages.

date : 03.13.2013

time : 03:00 GMT

time frame : 1 hour.

sma200 : 1579.46 signal- buy.
sma100 : 1581.76 signal- buy.

[forexgroove]

GOLD (Spot) intraday: bullish bias above 1581

Pivot: 1581.00
Our preference: LONG positions above 1581 with targets @ 1599 & 1603.
Alternative scenario: The downside breakout of 1581 will open the way to 1575 & 1568.
Comment: the break above 1587 is a positive signal that has opened a path to 1599.

[advance]

in the H1 time frame the price is break it channel pattern movement up side. the resistance of 1583.00 is break with a higher candle movement but now price is overbought so it will make some down movement but up trend is confirm. we can long with the gold with the target 1650.00

[mtrsumon]

Gold analysis for 03.12.2013 b y using pivot indicator.

r3: 1592.00
r2: 1587.40
r1: 1584.30

pivot: 1579.70

s1: 1576.60
s2: 1572.00
s3: 1568.90

[mustafa83]

Gold is a dense, soft, shiny malleable and ductile metal it is a chemical element with the symbol Au aurum in Latin, meaning glow of sunrise and atomic number 79. It has a bright yellow color and luster traditionally considered attractive, which it maintains without oxidizing in air or water. Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive chemical elements solid under standard conditions

[jp64]

I think gold at this time to purchase for buy and bulish trend in market because I am watch the gold 1month chart and
its showing upward trend in market.

[almamun466]

Gold technical analysis by using moving averages.

date : 03.12.2013

time : 04:00 GMT

time frame : 1 hour.

sma200 : 1580.02 signal- buy.
sma100 : 1578.96 signal- buy.

[asu_momod_india_jamput]

If we look on daily time frame, we can see that the previous candle is a doji and pin bar candle. It also a rejection from the support level at 1573.13 and 1562.34. So, With that condition, I think there's a bull pressure on Gold. So, I expect Gold will go up and reach the resistance level at 1583.88. Then, if Gold can also break that level, the bullish movement may continue to the higher resistance level at 1594.33 and 1605.32.

---------- Post added 03-12-2013 at 01:51 AM ---------- Previous post was 03-11-2013 at 01:45 PM ----------

If we look on daily time frame, we can see that the previous candle is a doji and pin bar candle. It also a rejection from the support level at 1573.13 and 1562.34. So, With that condition, I think there's a bull pressure on Gold. So, I expect Gold will go up and reach the resistance level at 1583.88. Then, if Gold can also break that level, the bullish movement may continue to the higher resistance level at 1594.33 and 1605.32.

There was not a significant movement on Gold yesterday. Gold only moved in a small daily range yesterday. So, in my view, the pin bar candle which happen on the last Friday candle still valid now and the bullish pressure may still happening now. I think Gold will be able to break the resistance level at 1583.88 and continue going up to the next resistance level at 1594.33 or higher.

[advance]

in the h4 time frame the price is overbought with stoch and cci now macd indicator is going to close below the zero line. so price may be falling to the support side at 1572.60 but if this level is break then it will be hold at the support 1565.00

[mtrsumon]

Gold analysis for 03.11.2013 by using pivot indicator.

r3: 1609.63
r2: 1596.47
r1: 1587.43

pivot: 1574.27

s1: 1565.23
s2: 1552.07
s3: 1543.03