Thread: Gold
time frame- H1
price has been break the resistance trend line and the price is above the pivot point at 1216.40. this is now at the resistance level 1241.60 and this may be not break. we can short gold with the take profit at 1190.00 and the stop loss at the 1260.00
good luck
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gold is very dangerous. it move quickly up and down.very risk able give big loss.due to movement.wait till the to your range and enough money required in your account.
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Gold analysis for 07.01.2013 by using pivot indicator.
r3: 1307.68
r2: 1271.37
r1: 1252.74
pivot: 1216.43
s1: 1197.80
s2: 1161.49
s3: 1142.86
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elliott resistances in an impulsee wave down 1297 market should not go lower than 1107 after this move it should go up to 1377 area
support and resistances
res2 1521
res1 1377
piovt 1278
sup1 1134
sup2 1036
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firstly 1490 by follwing 1485 ( you can say 76.5 % retrace of 1462-1558 ) the first resistance is now a days 1528. you can earn too much if you have experience....
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Gold is a great asset that can make alot of money from if you understand it correctly but you have to have enough experience and equity if you dont have enough training on gold on demo dont do that
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Hi,,
in the chart 1h we can see the pair will go to u way in the future
I see the pair will go to 1259.28
I expect from this analyze that the price will go to down way
so buy from 1233.98 to 1259.28
good luck
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Gold has fallen to below 1200, this is quite unbelieveable, it fell from 1900. I think we have gotten to a good entry point in the dollar for the buy direction, gold traders should take note of this
Patience is Key.
elliott resistances in an impulse wave down 12655 it may meet resistances in 1238 - 1267 zone for a driftt down to below
support and resistances
res2 1359
res1 1295
piovt 1238
sup1 1174
sup2 1117
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 came down to an interesting LEVEL.
We should see some upward movement now.
I see Gold at least at 1254 and finally at 1275!
Here we should be able to sell it for some nice pips!
Stoch is showing us overbought. So Buy isnt recommended now.
Gold Analysis
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