Thread: Gold
pair- gold
time frame to analysis- m30
the down movement of the gold is hold at the 1150.00 level and moving up side but again rejecting down from the resistance at 1163.80 level. the price is again down but may as correction. hold the long entry with profit target at 1200.00 and stop loss at 1130.00
good luck
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Gold prices continue following the descending trend channel formation since the later part of January and are currently trading near the $1402 - $1201 horizontal support, breaking which the channel support, near $1288, can become immediate support for the pair before it plunges to $1170 which is likely to restrict near-term decline of the yellow metal prices. On the break of $1175, the pair can plunge to $1142 - $1140 support zone. Alternatively, a pullback from the current prices can result the gold prices testing $1212 and $1218 before rallying to channel resistance line, near $1230, which can restrict the pair from moving upwards towards $1265 region.
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How can gold fall to 1219 even when the price is already at 1150 region. I think that you have made a post that is void, Senseless or a very possible copy and paste.Originally Posted by pritishahfx
Patience is Key.
XAU/USD Tradertip Technical Report and Forecast for Friday 13 February 2015
There is bearish potential for a fall to 1219.50 - 1214.97 while 1224.03 - 1227.53 resist. After this fall a recovery up to 1227.53 or 1231.03 is expected.
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pair- gold
time frame to analysis- m30
the down movement of the price is hold at the strong support at 1147.00 level and moving up side. this movement may as correction as rejecting from the daily resistance level 1164.28. the price may make a pull up from the 1155.75 level. long with profit target at 1180.00
good luck
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pair- gold
time frame to analysis- m30
the down movement of the price is hold at the strong support at 1147.00 level and moving up side. this movement may as correction as rejecting from the daily resistance level 1164.28. the price may make a pull up from the 1155.75 level. long with profit target at 1180.00
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.
XAU/USD Tradertip Technical Report and Forecast for Thursday 12 March 2015
One more dip to 1151.05 - 1146.27 is likely followed by a grind higher to 1159.88 - 1163.94. After which it can resume its downtrend.
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Spoiler:
Daily Forecast
Pair: GOLD
Major Trend: Bearish
Time Frame: H1
Reason: Market still correction at 1151.80, then the market is predicted to go to the Fibo 161.8 or 261.8 in 1144.88
Recommendation: Sell now
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Midday update for Gold 11/03/2015
Gold price resumes its negative trading heading towards our next waited target at 1142.60, and stochastic approaches from providing negative overlapping signal on the four hours time frame, reinforcing the expectations of moving lower for the rest of the day, pointing that breaking the targeted level will push the price to suffer more losses, which reach to 1100.00 on the near basis.
We remind you that the continuation of the bearish trend depends on the stability below 1181.00 level.
Expected trading range for today is between: 1142.60 support and 1170.00 resistance.
Expected trend for today: Bearish
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GOLD
SELL BELOW
SELL AT THAT
Sell at 1163.67
Take Profit at 1151.00
Stop Loss at 1168.00
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