Review of Year-End Gold Price Movement

Gold Price action Movement Analysis Today, This Week, This Month and the Year End. Gold Technical Analysis in this time will focus on the major trend of price movements up to the end of December this year 2013. I apologize for not update the analysis of gold and forex signal trading for a month due to a variety of busyness offline . Today I tried to re- sharpen the brain to try to read through MT4 chart of gold, still the main method of analysis through charts analysis ala kg and samibegood supply n demand theory.

In analyzing forex charts, gold or shares, get used to seeing large price movement in the map, because it is very helpful in reading the possibility of price movements more predictable and not biased because we have seen the overall position with the principles candle, candle series where, about to where and now where?

Note the Gold chart above; By TF Yearly, the gold movement began to enter the consolidation phase the buyer or buyers of the term began there yearly (weak up trend). It is characterized by the inclusion of MA quarterly, into the sd-1 BB yearly. while the direction of yearly MA still sharply down.

While the TF Quarterly, condition strong down trend means the seller is very dominant force on the time frame of this year's third quarter. characterized by the release of monthly MA, of the area of ​​sd-1 BB Quarterly

In TF Monthly, Quarterly Similarly TF through a phase that is equally as strong down trend, although the weekly MA position closer to the sd-1 bb monthly is not strong enough to establish a trend becomes weak up trend.

Now let us examine the following chart gold in SND (supply and demand)

Note the green elipse circle, the area is a gathering place for buyers, because the previous candle, marked on the blue triangle wave starts strong up trend until the price summit and then finally back down after several unsuccessful attempts to penetrate the "high peak".

see more positions after prices fell, bounced back in the green circle area. where buyers come together as before and they rush headlong into buying action, so the price was jacked up a few times but fell back, as the interest of the buyer to be reduced and it seems they are back waiting for the action to continue to maintain or even to take it off.

Based on the above two bigmap, I tried to take the hypothesis that the probability of the price of gold until it closed in 2013 will be between the range of $ 1300 - $ 1000 per troy onz with a downward trend. This estimate makes the green circles as Support 1, and blue triangle as support 2 while resistance is at sd-1 bb quarterly.

Notes ; Trade with thoughtful, analysis above is just a learning and there is no guarantee of accuracy and success in real trading.