Subscribei think Gold trend is possitive so
today i like to buy Gold @ 1245.10
my stop loss of the day @ 1237.10
half take profit for today @ 1255.10
and further half take profit @ 1264.10
Thread: Gold
i think Gold trend is possitive so
today i like to buy Gold @ 1245.10
my stop loss of the day @ 1237.10
half take profit for today @ 1255.10
and further half take profit @ 1264.10
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.
time frame- H1
the gold price is moving in the down trend channel. it has a strong resistance at the 1258.50 level. its down movement is hold at the support at 1245.00 level. the price is moving up side. if this is break the resistance at 1258.50 we can long with the take profit at 1279.00
good luck
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As you see in my following chart, the price of the gold traded between a high of 1260 and a low of 1233, closed at 1251. Today the metal trades above the support level of 1242.
Upside Scenario: If the support level of 1242 holds, a rise to the levels of 1266, then 1277 could be seen.
Downside Scenario: Breaking below the support level of 1242 could push the metal down into the levels of 1231, then 1220.
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The Gold price is moving back up right now. If price managed to break the 1267.40 resistance in daily basis then it might go further up to the the next resistance. Now there's nothing we can do but to wait for the confirmation move.
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today gold price has run out from the bullish trend and it is likely want to make a fall in a few hours.
current price: 1247
take profit : 1230
stop loss : 1255
good luck...
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elliott flat correction up 1.263 while beow 1256 - 1263 it is more likley to fall futher towards 1242or 1236 premature rise above 1263 could see it rising above 1275
support and resistances
res2 1275
res1 1263
piovt 1248
sup1 1236
sup2 1221
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Gold analysis for 07.10.2013 by using pivot indicator.
r3: 1289.52
r2: 1274.72
r1: 1262.84
pivot: 1248.04
s1: 1236.16
s2: 1221.36
s3: 1209.48
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we can see in the 4h chart the pair will go up to fibo 50.0 I see the pair will go to up way to 1286.75
macd refers that the pair will go up
so our target buy from 1248.25 and our target will 4022pips
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welcome;;
we can see in the 4h chart
the pair will go to down way to the down trend line
i see the pair will go to down way to 1240.62
stochastic refers that the pair will go down
so our target sell from 1244.62 and our target will 400pips
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how are you
we can see in the 1d chart
I see the pair will go to up way to 1250.37
rsi refers that the pair will go up
so our target buy from 1248.37 and our target will 244pips
Good luck
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.
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