dear s,Price raised $9 after market open and formed another bullish candle on daily chart, if its able to break the 1560 then we see some quick rally toward all time up, Hold on buy order till all time up.
Thread: Gold
dear s,Price raised $9 after market open and formed another bullish candle on daily chart, if its able to break the 1560 then we see some quick rally toward all time up, Hold on buy order till all time up.
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hi
how are you
we can see in the m30 chart
the pair will go to down way to the down trend line
i see the pair will go to down way to 1598.10
stochastic refers that the pair will go down
so our target sell from 1598.80 and our target will 70pips
Good luck
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Gold?? Gold is very good thing for trading in the forex. It has more profit than all other thing but it is little bit costly so anyone cannot buy this easily or invest on the gold. But if you invest in gold it shall give you more profit realy. It is also use full when we want to give gift to someone.
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elliott flat correction down 1592.30 it should test 1612.56 area after which asell off down to 1592.27 orextended to 1579.15 area is expected
support and resistances
res2 1626
res1 1616
pivot 1603
sup1 1592
sup2 1579
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GOLD (Spot) intraday: the downside prevails.
Pivot: 1617.00
Our preference: SHORT positions below 1617 with targets @ 1590 & 1576.
Alternative scenario: The upside breakout of 1617 will open the way to 1625 & 1638.
Comment: the price has broken below a rising trend line and the 50 moving average is heading down. A new down leg is likely.
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Gold is expected to continue the rally for the short to mid term due to return of risk aversion caused by the current debt crises rocking EU region. Therefor it wil be safe to buy gold in dips.
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hi
how are you
we can see in the 4h chart
the pair trading down the 50.0
I see the pair will go to down way to 1588.42
stochastic refers that the pair will go down
so our target sell from 1596.60 and our target will 783pips
Good luck
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Yesterday data on the eurozone and the US was worse than expected. In the eurozone in March PMI Manufacturing was 46.6 vs. forecast for 48.2, PMI Services was 46.5 vs. expectations for 48.2. The US flash manufacturing purchasing managers index rose to a 54.9 reading in March from 54.3 in February. US Existing home sales in February...
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The gold is to be ready for the development of the northern script on 4 hour chart is noticeable long sloping support line below which the price has never normally do not become stronger, always see the northern lights out, just after touching her education took place in 1595 fractal lower then the price has gone the northern lights out and formed a bullish engulfing, the first target in 1605.
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As you see in my following attached chart, Gold price returns to push negatively on the EMA50 and attempts to break below it again, which is threatening the steadiness of the critical support level 1590.00
In general, the morning suggested scenario will remain valid as it is unless witnessing a break and stability below 1590.00
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