Thread: Gold
pair- gold
chart analysis time frame- M30
analysis-
the price is again turn to the down side and this is break the strong support at the 1250.30 level and falling with strong bearish candle. tthe price may be again its long time frame down side. hold the short position with the take profit at 1210.00 and stop loss at the 1270.00
good luck
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Update: 12 December 2013
resistance3: 1248.01
resistance2: 1245.65
resistance1: 1244.23
Key point: 1242.60
support1: 1241.89
support2: 1240.11
support3: 1238.56
sell: 1244.18
Short target: 1242.67
Long target:1240.12
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Cci (14): 257.35
Bulls (13): 7.48
I see the in pair down trend
So I will sell from: 1242.95
And my target today is: 1240.65
And target2 today is: 1237.81
Good luck
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the pair price already touched daily resistance 1 level 1242.90
and upper trend line.
Now the price try to move down ward.
I think the price may touch daily pivot point 1241.60
so sell now from 1242.37
the pivot point will be my target
stop loss will be above the resistance 1 level 1242.90
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Date: 12-12-2013
Time frame: 1h
High and low prices
High today is: 1256.81
Low today is: 1251.70
Total pips today: 511
So buy from: 1252.83
Our target 1 is: 1254.66
Our target 2 is: 1257.87
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GOLD is likely to remain upside and further rise should be seen towards the first high 1259.59. Break will confirm up trend resumption for the projection of 1247.08 to 1257.56 On the downside, below 1255.12 minor support will argue that rebound form may be completed and will turn focus to 1257.36 support for confirmation.'''''
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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.
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
analysis for today 12 / 12 / 2013
Resistance 3 1326.28
Resistance 2 1288.78
Resistance 1 1270.03
Pivot Point 1251.68
Support 1 1237.19
Support 2 1218.44
Support 3 1179.54
BUY 1270.03 STOP LOSS 1237.19 TAKE PROFIT 1288.78 OR 1326.28
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