Gold analysis for 04.10.2013 by using pivot indicator.
r3: 1613.18
r2: 1601.60
r1: 1593.22
pivot: 1581.64
s1: 1573.26
s2: 1561.68
s3: 1553.30
Thread: Gold
Gold analysis for 04.10.2013 by using pivot indicator.
r3: 1613.18
r2: 1601.60
r1: 1593.22
pivot: 1581.64
s1: 1573.26
s2: 1561.68
s3: 1553.30
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Now in gold can get a great deal on the purchase price came close to the lower limit of the upward channel medium-term, given the strong decline in the last few hours, I expect that the bears will start to take profits and the bulls will take the lead, MASD is in its lower area, and formed a divergence (daily chart), profit for 1583 + - (mid-channel).
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As you see in my following attached chart, Gold price managed to surpass 1578.00 and settled above it, activating the positive scenario which targets 1605.00 and extends towards 1625.00
EMA50 supports the waited rising, which remains valid and active unless 1578.00 was broken and settled below it.
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now dominate gold buyer. ranging from weekly buyer, buyer daily. greatest probability is buy. but the seller still dominate the market monthly. safe buy if the price moves through the buyer-seller balance monthly. use your favorite strategies and only take buy signals. areas that may be the goal price is 1591.04 and 1595.25.
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GOLD (Spot) intraday: further advance.
Pivot: 1576.00
Our preference: LONG positions above 1576 with targets @ 1591 & 1603.
Alternative scenario: The downside penetration of 1576 will call for a slide towards 1567 & 1560.
Comment: gold prices are supported by a rising trend line. In addition, the 50 moving average is heading up. Hence, the upside prevails as long as 1576 is support.
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Gold trend is possitive i amn tryint to buy @ 1575.10 to 1580.10 range
my stop loss @ 1555.10
take profit @ 1585.10 and 1590.35
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i would really advise those who are trading in the forex market to mAKE sure that they are only trading gold if only that commodity is set or is moving slowlly to a certain direction that is how i see best to trade gold.
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.
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 is the most expensive thing .that control our currency
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.
My simple daily analysis using pivot point for today
buy stop @1581.93 tp 1582.13 sl 1581.53
sell stop @1581.51 tp 1581.31 sl 1581.11
WITHDRAWAL IS MY STYLE
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