Thread: Gold
in the M30 time frame the price was moving in the channel pattern. the lower support of the channel is 1611.60 and upper resistance is 1615.10. it break this channel at the support side so it will be try to move lower side. we can short this to the target at 1590.00
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Eur/usd
Buy limit EUR/USD @1628.24SL @1610.00, TP @1675.90
Sell limit EUR/USD @1680.10, SL @1780.00, TP @1630.00
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GOLD (Spot) intraday: the bias remains bullish.
Pivot: 1606.00
Our preference: LONG positions above 1606 with 1619 & 1625 in sight.
Alternative scenario: The downside penetration of 1606 will call for a slide towards 1600 & 1590.
Commment: the RSI is above its neutrality area at 50%. The 50 moving average is heading up. A test of 1625 remains likely.
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Gold technical analysis by using moving averages.
date : 03.22.2013
time : 0500 GMT
time frame : 15 min
sma200 : 1608.27 signal- neutral.
sma100 : 1608.03 signal- sell.
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Gold analysis for 03.22.2013 by using pivot indicator.
r3: 1624.73
r2: 1619.57
r1: 1612.83
pivot: 1607.67
s1: 1600.93
s2: 1595.77
s3: 1589.03
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hi
how are you
we can see in the 1d chart
the pair will go up to fibo 38.2
I see the pair will go to up way to 1634.03
stochastic refers that the pair will go up
so our target buy from 1613.70 and our target will 1974pips
Good luck
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for the trading of gold you should have minimum 1000 $ capital for the gold and gold trading can makes the persons rich in nights and the person may loss all the capital .
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 aek acha pair hai jis main hum aek acha trade kar saktay hai or aek acha munafa kam saktay hai kunkay gold trade ka aek main pair hai jis per hum buht aram se aek achi trade kar kay inccom hasil kartay hai
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.
I expect Gold is trying to break the resistance level at 1615.60 .if Gold can break that resistance level successfully, I expect Gold will reach the next resistance level at around 1625.70.
i think gold wil continue the uptrend up this week at least 1710 area before the retracement .......
the uptrend from last 2 weeks seem like a correction wave for me
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