Monday, May 27, 2013

Technical Analysis and Gold Trading Signal

Daily Trading signal
Bismillah ...
Gold Chart note the condition today, bigmap monthly look at gold's decline continues. gold prices are still playing under 1400.
the monthly TF condition strong down trend, or because the seller is very dominant dimonthly weekly MA is outside the normal area, under sd-1 BB monthly.

the weekly TF condition medium up trend, because MA daily, was in the normal area in the MA / balance weekly. started dominant buyer in weekly.

The next step what to do by day trading? consider the condition of gold prices on monthly and weekly TF consolidation with the trend seen up and down.

The first resistance is at +1 sd weekly BB, and BB +3 sd daily. while the first support at MA / balance weekly. day moving average is about $ 32, and prices have moved up by 28%, from an average today. observe the behavior of the price at the check point. Gold prices likely action would retest weekly sd +1 BB, and BB +3 sd daily. sell action can be done if the price holds at the level of 1395. action buy if the price holds weekly balance in 1380. follow the trend!



REKOMENDASI
SELL : 1395 BUY : 1380
SL : 1405 SL : 1370
TP : 1380 TP : 1395


Have a Nice Trade

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