today i like to sell Gold @ 1298.10
my stop loss of the day @ 1306.10
half take profit for today @ 1290.10
and further half take profit @ 1283.10
Thread: Gold
today i like to sell Gold @ 1298.10
my stop loss of the day @ 1306.10
half take profit for today @ 1290.10
and further half take profit @ 1283.10
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.
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.
As you see in my following attached chart, the price of the gold traded between a high of 1288 and a low of 1274, closed at 1284. Today the metal trades above the support level of 1258.
Upside Scenario: If the support level of 1258 holds, a rise to the levels of 1300, then 1313 could be seen.
Downside Scenario: Breaking below the support level of 1258 could push the metal down into the levels of 1246, then 1234.
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Gold pivot levels for 19.07.2013 by using fibonacci pivot indicator.
resistant 1:1296.31
resistant 2:1290.82
resistant 3:1287.43
pivot point :1281.94
support 1:1276.45
support 2:1273.06
support 3:1267.57
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gold market analysis by using : average directional movement index wilder(14) & average directional movement index(14)
adx wilder(14) level
style : 20.81
+di : 29.47
-di : 11.84
adx(14) levels
adx : 32.33
+di : 25.13
-di : 8.11
time : 19.07.2013
date : 0800
timeframe : 1 hour
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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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.
today the price is in a condition ranging in every reference. but after tokyo open, direct price moves up. This movement makes the price to be trending up in all references. ranging from reference daily, weekly reference, and also a monthly reference. because the price trend is moving up, then the best decision at this time is buy. which may limit target price is +2 standard deviation Bollinger band 480 period.
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gold forecast:
now gold price has been entered and test the resistance area around 1296.
if we see in the daily chart, this test should be the last one because it has reach the last trendline position. if the price can break through this area, it should be move more higher to 1330
but if it is being rejected again, it should make a very long bottom candle to the support area around 1257.
since this is still under strong bearish formation, it still has high probability to make a down movement.
so we can seek for sell opportunity
current price: 1292
stop loss: 1305
first take profit: 1273
second take profit: 1260
note: seek for the high position to make sell entry.
good luck...
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Gold analysis for 07.19.2013 by using pivot indicator.
r3: 1304.53
r2: 1296.39
r1: 1290.09
pivot: 1281.95
s1: 1275.65
s2: 1267.51
s3: 1261.21
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 ,19/7/2013
जोड़ी की कमी दिशा : बढ़ती .
आज के लिए अपेक्षित लक्ष्य: 1287,5 - 1289
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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