Gold

[Ex.ness Support]

11.09.2014 10:10 XAUUSD
Gold prices are adjusted at the 1240 dollar level

Sell on a level breakthrough of 1240 with 1180 target. Stop loss = 1270.

Reason for the trading strategy.

Over the past 2 weeks, after the publication of strong GDP data for the United States for the 2nd quarter 2014, the yield to maturity on 10-year US government bonds rose from 2.34% to 2.54%, strengthening the position of the world's reserve currency in relation to precious metals. Technically speaking, the outlook for gold is bleak: a breakthrough of the support level of $ 1,240 could lead to the prices lowering to the 1180 dollar level.

GOLD, Daily

[ng1985]

pair- gold
chart analysis time frame- m30



the price movement can see in the down trend channel pattern with rejecting from the 1250.22 pivot level. this is hold at the support 1240.50 level that may be break and price will hit the support at 1200.00 and lower. hold the short entry with stop loss at 1255.00
good luck

[achyut]

Trading analysis for dated 11th September, 2014. In Daily chart GOLD shows bearish trend. At present GOLD below the pivot point and going towards the 1st support level. If 1st support level breaks then next strong support level is 1221.61.

Pivot: 1250.19

Resistance levels

R1 1256.73
R2 1264.08
R3 1270.62
R4 1277.17

Support levels

S1 1242.84
S2 1236.30
S3 1228.95
S4 1221.61

[edmar6969]

Trading Signal - 10/09/2014 - 10:00 (GMT +3)
Instrument: GOLD
Time :60min CHART
Trend & Condition: Downwards Weak
The market is testing resistance at 1258. We are waiting to see reversal signals in order to reinstate SHORT positions. Next important resistance the 1261 level.
Support & Resistances:
1248 1258
1233 1261
1208 1267

[ishvara]

I am now very bearish on the Gold commodity because in Ichimoku monthly time frame, There is Kumo break. Gold could possible fall to 11.80 region over the next coming weeks or months.

[achyut]

Trading analysis for dated 10th September, 2014. In Daily chart GOLD is flat. At present GOLD at the pivot point. It is important to break support or resistance levels to identify the trend.

Pivot: 1253.46

Resistance levels

R1 1259.53
R2 1264.00
R3 1270.07
R4 1276.13

Support levels

S1 1248.99
S2 1242.92
S3 1238.45
S4 1233.97

[ng1985]

pair- gold
chart analysis time frame- m30



the down movement of the gold is not able to break the support at 1250.00 level and moving in channel pattern. the macd divergen is reducing side. if the price is break its pivot resistance at 1259.33 level then make long entry with profit target at 1267.50 and stop loss at 1245.00
good luck

[achyut]

Trading analysis for dated 09th September, 2014. In Daily chart GOLD shows bearish trend. At present GOLD near to the 1st support level and try to break 1st support level. If it breaks 1st support level then next strong support level is 1214.61.

Pivot: 1259.29

Resistance levels

R1 1267.30
R2 1279.52
R3 1287.53
R4 1295.53

Support levels

S1 1247.07
S2 1239.06
S3 1226.84
S4 1214.61

[ng1985]

pair- gold
chart analysis time frame- m30



the up movement of the gold is not able to break the resistance at 1270.00 level and its again falling down side. now its break pivot point at 1266.33 and moved to the 1259.25 level with macd strong down trend signal. hold this short entry with take profit at 1225.00 and stop loss at 1275.00
good luck

[roobin54]

On the daily chart, the price is in the range of Gartley-inv ab=cd harmonic pattern. Its time will be fulfilled till September 9th and we are expecting a growth around if the price stabilizes around $1250.

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