Tuesday, May 7, 2013

Gold’s Peak Seen Over, What Next ?

Still remember you with a red line in the picture beside? If you've read previous analysis of course you will quickly remember, but if you just read this analysis please your trip this trend lines, Gold Trend Reviews; Support Lines lnto Resistance.

I charted on the previous analysis of price movements by 
range $ 1,462-$ 1,477 as support, and has now become resistance.

The current price trend refers to the monthly time frame is medium up trend, while in the weekly time frame is medium and the down trend for some time ahead if the decline continues going to retest the low price at $ 1400 level-$ 1,395.

to signal the day's trading, watch the price movement at the level of $ 1,430 if it is able to survive at the level of the price, then you can make an order to buy. moving average price of about $ 41 these days, and the price has moved down by 55% of the average daily.



GOLD TRADING SIGNAL
SELL : 1460 BUY : 1430
SL : 1470 SL : 1425
TP : 1440 TP : 1445


Have a Nice Trade

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