Gold

[mahmood_leap1]

Today signal Gold. 14 August, 2013

Spot gold ended the session on Tuesday with losses of 1.13%, giving back a seventh of its
gains from the previous session. the trading strategy remains unchanged for the precious
metal with the rally likely to extend beyond 1400.00 per troy ounce, last seen in June this
year. the near term downside could be capped at 1312.00- 1315.00, close below which the
yellow metal could slide to 1285.00- 1295.00. Buy spot gold on declines up to 1315.00 or at the break of 1355.00.

TRADING RECOMMENDATIONS

SHORT:
At 1310.00 with a stop at 1316.00 for a profit target of 1298.00


LONG:
At 1316.00 with a stop at 1310.00 for a profit target of 1340.00

[javeed]

Daily pivot Fibonacci points: Resistance levels: R1: 1335.85 R2: 1341.65 R3: 1349.15 Support levels: S1: 1318.45 S2: 1313.70 S3: 1304.50

[vetra]

yesterday gold moves down, until tokyo open price trend is still moving down. prices seem to be able to make a new low this morning, but it bounced and now the price is above LSMA. This marks if the down trend weakened. if price able to make LSMA pointing up, then the direction of the price will go up. but keep an eye on whether the price able to make a new high. if not, then the price will most likely continue the trend back down.

[AMIRA]

elliott elongated flat correction up 1350.24 currently up trend should end around 1354.77 - 1349.52 area acorrection down to below 1321.44 is expected arise above 1360 will abort the expected correction
support and resistances
res2 1369.80
res1 1249.52
piovt 1332.72
sup1 1321.44
sup2 1304.65

[sara59852]

how are you

we can see in the 4h chart
the pair can not close up the broken down trend line
I see the pair will go to down way to 1321.00
stochastic refers that the pair will go down
so our target sell from 1323.00 and our target will 200pips

[monajan]

hi

we can see in the 1w chart
the pair will go up to fibo 38.2
I see the pair will go to up way to 1484.51
rsi refers that the pair will go up
so our target buy from 1318.11 and our target will 16640pips

[wafaahmed]

how are you

we can see in the 1d chart
the pair can not close down the broken up trend line
I see the pair will go to up way to 1323.36
rsi refers that the pair will go up
so our target buy from 1321.36 and our target will 200pips

Good luck

[edmar6969]

Trading Signal - 13/8/2013 - 08:00 GMT+3
Instrument: GOLD
60min CHART
Upwards Strong
Waiting for a retracement lower towards the 1330.00 support level, or alternatively the break of the 1347.00 resistance level, in order to reinstate LONG positions.

[sohailkhan222]

Well, gold is very very precious as well as ,Price raised $5 after market it only open for those who have a knowledge as well as they are open for and formed another bullish candle on daily based on chart, if its able to break the 1551 then we see some quick rally toward as well as all time high,well gold is very to trade as well.

[vetman85]

As you see in my following attached chart, the price of the gold traded between a high of 1334 and a low of 1315, closed at 1338. Today the metal trades below the resistance line of 1344.
Downside Scenario: As long as the Gold remains below the resistance line of 1344, a decline is likely to be seen into the levels of 1322, then 1309.
Upside Scenario: If the metal penetrates above the resistance line of 1344, this could send the metal to the levels of 1356, then 1368.