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  #21  
Old 09-09-2015, 20:52
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Default Re: Daily technical analysis of GOLD By INSTAFOREX

Overview:
Since our last analysis, gold has been trading downwards. The price tested the level of $1,119.90. According to the daily time frame, we can observe a weak demand bar which finished in the middle in an average volume (potential selling) . Strong support is found at the level of $1,117.50. If the price breaks this support level, we will get the second support around $1,085.00. In the H1 time frame, we can observe weak demand with a strong reaction from sellers. The intraday trend is bearish

Trading recommendations:
Bearish market. Watch for potential selling opportunities after correction.




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  #22  
Old 18-09-2015, 05:24
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Default Re: Daily technical analysis of GOLD By INSTAFOREX

Overview:
Since our last analysis, gold has been trading upwards. The price tested the level of $1,123.92. The intraday trend is neutral. According to the daily time frame, we can observe a demand bar in an average volume. According to the H4 time frame, we can observe a volume spike (potential buying climax) bar and weak close of the bar (closed on the middle), which means buying looks very risky at this stage and that selling is preferable. My advice is to watch for potential selling opporutnities after retracement. Support levels are at the prices of $1,107.60 and $1,100.00.

Trading recommendations:
Volume spike (potential buying climax) is at the price of $1,123.60. Be very careful when buying gold at this stage and watch only for selling opportunities after retracement. We may expect strong reaction from sellers and potential absorption volume.




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  #23  
Old 22-09-2015, 20:41
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Default Re: Daily technical analysis of GOLD By INSTAFOREX

Overview:
Since our last analysis, gold has been trading downwards. The price tested the level of $1,126.20. The intraday trend is neutral. According to the daily time frame, we can observe a supply bar in an average volume. In the M1 time frame, we can observe big weakness (buying climax, supply coming in) around the level of $1,130.35, which is a sign that buying looks risky at this stage. Watch for potential selling opportunities after retracement

Trading recommendations:
Resistance at the price of $1,1350.40 held successfully. Watch only for potential selling opporutnities after retracement (weak demand




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  #24  
Old 25-09-2015, 00:21
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Default Re: Daily technical analysis of GOLD By INSTAFOREX

Overview:
Since our last analysis, gold has been trading upwards. As we expected, the price tested the level of $1,144.80. The intraday trend is upward. In the daily time frame, we can observe a demand bar in an average volume. In the M15 time frame, we can observe a successful test at the supply level of $1,134.00. It encouriged buyers to buy and we got nice result from the test. We got resistance at the level of $1,169.00. Watch for buying opportunities on dips.

Trading recommendations:
Be careful when selling gold at this stage and watch for potential buying opportunities




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  #25  
Old 29-09-2015, 16:09
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Default Re: Daily technical analysis of GOLD By INSTAFOREX

Overview:
Since our last analysis, gold has been trading downwards. The price tested the level of $1,124.11. The intraday trend is downward, so watch only for selling opportunities after retracement. In a daily time frame, we can observe a supply bar in an average volume. In the M15 time frame, we can observe a successful rejection from a point in the control zone ($1,133.25). According to the daily price action, we got support levels at t$1,121.50 and $1,102.00. Today, we got 2 point of control. One is at the level of $1,132.40 and second is at the level of $1,126.50.

Trading recommendations:
Be careful when buying gold at this stage and watch for potential selling opportunities after retracement




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  #26  
Old 01-10-2015, 19:05
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Default Re: Daily technical analysis of GOLD By INSTAFOREX

Overview:
Since our last analysis, gold has been trading downwards. As we expected, the price tested the level of $1,115.10. An intraday trend is downward, so watch only for selling opportunities after retracement. In the daily time frame, we can observe a supply bar in an average volume. In the M15 time frame, we can observe a peak volume at the level of $1,115.10 (point of control). Also, we can observe lack of demand at the level of $1,114.10 (no demand bar). According to the daily price action, we broke the support level at $1,121.50 and the next support level is seen at $1,102.00. Daily Fibonacci pivot points :

Trading recommendations:
Be careful when buying gold at this stage and watch for potential selling opportunities after retracement




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  #27  
Old 06-10-2015, 21:51
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Default Re: Daily technical analysis of GOLD By INSTAFOREX

Overview:
Since our last analysis, gold has been trading sideways around the price of $1,138.00. The intraday trend is neutral. In the daily time frame, we can observe testing of Fibonacci retracement 61.8% at the price of $1,136.70 and a neutral bar (indecision). In the M30 time frame, we can observe a massive volume spike (Friday news) and buying climax. After the volume spike, we created a small trading range between the prices of $1,141.00 (resistance) and $1,129.90. I placed Fibonacci retracement to find potential support levels and got Fibnacci retracement 38.2% at the price of $1,127.00, Fibonacci retracement 50% at the price of $1,123.00 and Fibonacci retracement 61.8% at the price of %1,118.50. A potential downward target is near the price of $1,110.00. Anyway, if the price breaks the level of $1,141.00 in a high volume, we may see possible testing of the level of $1,156.00.

Trading recommendations:
Be careful when buying gold at this stage and watch for potential selling opportunities after retracement




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  #28  
Old 08-10-2015, 10:09
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Default Re: Daily technical analysis of GOLD By INSTAFOREX

Overview:
Since our last analysis, gold has been trading downwards. As we expected, the price tested the level of $1,140.23. An intraday trend is neutral. In the daily time frame, I found a trading range between $1,170.00 (resitance) and $1,098.50 (support). In the H1 time frame, we can observe strength (reversal up-thrust) around the level of $1,140.00. Support at the level of $1,142.00 was successfully held, so watch only for potential selling opportunities. I am waiting for a clear breakout of the trading range in a high volume to confirm further short and mid-term direction. Anyway, intraday buying opportunities are preferable. The level of $1,152.00 is the first resistance.

Trading recommendations:
Be careful when selling gold at this stage and watch for potential buying opportunities on the dips




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  #29  
Old 21-10-2015, 23:28
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Default Re: Daily technical analysis of GOLD By INSTAFOREX

Overview:
Since our last analysis, gold has been trading sideways around the price of $1,174.00 in a high volume. The short-mid term trend changed from upward to downward. In the daily time frame, we can observe a demand bar in an average volume but with weak close. Besides, the 200 SMA successfully held around the price of $1,175.00. In the M30 time frame, we can observe a strong resistance cluster around the level of $1,175.00. Selling opportunities are preferable. Support levels are at the prices of $1,166.00, $1,156.00, and $1,142.00. Only if the price breaks the level of $1,192.00, we may see further upward movement.

Trading recommendations:
Be careful when buying gold at this stage and watch for potential selling opportunities. The first support level is around the price of $1,166.00.




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  #30  
Old 29-10-2015, 12:05
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Default Re: Daily technical analysis of GOLD By INSTAFOREX

Overview:
Since our last analysis, gold has been trading downward. The price tested the level of $1,152.13. The intraday and short-term trends changed from upward to downward. In the daily time frame, we can observe an strong supply bar in a high volume. In the H1 time frame, we can observe a volume spike (massive selling climax) in the background at the level of $1,152.13. Also, our strong support at the level of $1,162.00 now act like strong resistance. The price is below Ichimoku cloud in all frames from M1 to H4. Be careful when buying at this stage since we may expect a downward continuation. Only if the price breaks the level of $1,183.00, it will confirm absorption. Otherwise, watch only for selling opportunities

Trading recommendations:
Be careful when buying gold at this stage and watch for potential selling opportunities




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  #31  
Old 30-10-2015, 17:58
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Default Re: Daily technical analysis of GOLD By INSTAFOREX

Overview:
Since our last analysis, gold has been trading downward. As we expected, the price tested the level of $1,144.60. The intraday and short-term trends changed from upward to downward. In the daily time frame, we can observe a strong supply bar in a high volume. In the H1 time frame, we can observe a successful rejection from our strong resistance level at the price of $1,162.00. Besides, according to the H1 time frame, we can observe weak demand bars, which is a sign that buying looks risky. Watch for selling opportunities. Major daily support is at the price of $1,104.00.

Trading recommendations:
Be careful when buying gold at this stage and watch for potential selling opportunities.




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  #32  
Old 05-11-2015, 15:39
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Default Re: Daily technical analysis of GOLD By INSTAFOREX

Overview:
Since our last analysis, gold has been trading downwards. As we had expected, the price tested the level of $1,106.26. The intraday and short-term trends are downward as the price is below the Ichimoku cloud on the daily, H4, and H1 charts. In the daily time frame, we can observe a strong supply bar in a high volume. According to the H4 time frame, we can observe strong and healthy supply bars, which is a sign that buying still looks risky. Watch for selling opportunities since our first profit zone around the price of $1,106.00 has been met. The second major support is around the price of $1,083.00.

Trading recommendations:
Be careful when buying gold at this stage and watch for potential selling opportunities.




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  #33  
Old 10-11-2015, 20:12
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Default Re: Daily technical analysis of GOLD By INSTAFOREX

Overview:
Since our last analysis, gold has been trading sideways around the price of $1,093.00. As we had expected, the price tested the second major support at the level of $1,085.00. We can observe a massive volume spike (selling climax), which is a sign that selling gold at this stage looks risky. A trend is still downward, but since we got the massive volume spike at the critical support level we may expect an upward correction to take place. According to the price action, we have support levels at the price of $1,095.55 and stronger resistance level at the price of $1,102.00-$1,106.00.

Trading recommendations:
Be careful when selling gold at this stage since the price is testing the key support level and we got the massive volume spike. Anyway, if the price breaks the level of $1,079.50 in a high volume, we may see downward continuation.




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  #34  
Old 13-11-2015, 00:48
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Default Re: Daily technical analysis of GOLD By INSTAFOREX

Overview:
Since our last analysis, gold has been trading sideways around the level of $1,087.00. Our major support is at the price of $1,085.00. We can observe a massive volume spike (selling climax) in the background, which is a sign level of $1,085.00. According to the M30 time frame, I found a strong supply trend line and the price tested the trend line few times. Watch for potential intraday selling opportunities. If the price breaks the major support level ($1,079.00), we may see potential testing at $1,043.00.

Trading recommendations:
Watch for a potential breakout of our trading range. If the price breaks the level of $1,079.50 in a high volume, we may see further downward movement. Selling opportunities are also preferable in intraday.




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  #35  
Old 18-11-2015, 17:22
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Default Re: Daily technical analysis of GOLD By INSTAFOREX

Overview:
Since our last analysis, gold has been trading downwards. The price tested the level of $1,064.70. According to the daily time frame, I found a strong downward bar in a high volume. Our strong support around the level of $1,075.00-$1,080.00 became strong resistance (changing polarity) now. According to the M5 time frame, I found a volume spike on an up bar (buying climax) in the background and potential intraday distribution trading range. Selling opportunities are preferable. Support level is found at $1,064.50.

Trading recommendations:
Be careful when buying gold since the price has broke our major support level. Watch for potential selling opporutnities.




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  #36  
Old 20-11-2015, 11:25
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Default Re: Daily technical analysis of GOLD By INSTAFOREX

Overview:
Since our last analysis, gold has been trading upwards. The price tested the level of $1,087.21. In the daily time frame, I found a strong demand bar in a high volume testing our SMA10. Our strong support around the levels of $1,075.00-$1,080.00 became strong resistance (changing polarity) now. In the M30 time frame, I found a volume spike (buying climax ) at the level of $1,083.70 and then the up-thrust bar (sellers overcomed buyers). Be careful when buying at this stage and watch for potential intraday selling opportunities.

Trading recommendations:
Be careful when buying gold since the price testing our strong resistance level. Watch for potential selling opporutnities.




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  #37  
Old 24-11-2015, 18:38
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Default Re: Daily technical analysis of GOLD By INSTAFOREX

Overview:
Since our last analysis, gold has been trading downwards. As I had expected, the price tested the level of $1,075.02. In the daily time frame, I found a supply bar in a high volume and rejection from our SMA10. Our strong support around the levels of $1,075.00-$1,080.00 became strong resistance (changing polarity) now. In the 1H time frame, I found very low activity and corrective movements. I have placed a diagonal trend line, and a potential breakout of this line will confirm a further continuation downwards. Next strong daily support is seen around the level of $1,046.00.

Trading recommendations:
Be careful when buying gold since the price is testing our strong resistance level. Watch for potential selling opporutnities




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  #38  
Old 26-11-2015, 21:17
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Default Re: Daily technical analysis of GOLD By INSTAFOREX

Overview:
Since our last analysis, gold has been trading sideways around the level of $1,072.00. In the daily time frame, I found a supply bar and rejection from the SMA10. Our strong support around the levels of $1,075.00-$1,080.00 has become a strong resistance (changing polarity) now. In the M30 time frame, our diagonal trend line got broken today, so watch for intraday selling opportunities. I also spoted strong rejection from Fibonacci retracement 50% at the level of $1,074.00. Intraday support is found at $1,065.00. Next strong daily support is seen around the level of $1,046.00.

Trading recommendations:
Be careful when buying gold since I saw a breakout of the diagonal trend line. Watch for potential selling opportunities.




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  #39  
Old 27-11-2015, 17:47
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Default Re: Daily technical analysis of GOLD By INSTAFOREX

Overview:
Since our last analysis, gold has been trading downwards. As I had expected, the price tested the level of $1,066.68. In the daily time frame, I found a supply bar and rejection from the SMA10. Our strong support around the levels of $1,075.00-$1,080.00 has become strong resistance (changing polarity) now. In the M30 time frame, our diagonal trend line got broken today, so watch for intraday selling opportunities. I also spoted strong rejection from Fibonacci retracement 50% at the level of $1,074.00. Intraday support is found at $1,065.00. Next strong daily support is seen around the level of $1,046.00. The breakout in a high volume ($1,065.00) will confirm the further downside continuation.

Trading recommendations:
Be careful when buying gold since I saw a breakout of the diagonal trend line. Watch for potential selling opportunities.




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  #40  
Old 03-12-2015, 00:04
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Default Re: Daily technical analysis of GOLD By INSTAFOREX

Overview:
Since our last analysis, gold has been trading downwards. As I expected, the price tested the level of $1,059.94. In the daily time frame, I found a weak demand bar and rejection from our SMA 10. Our strong support around the levels of $1,075.00-$1,080.00 has become the strong resistance (changing polarity) now. In the M30 time frame, as I expected, the price reacted from intraday resistance of $1,074.00 (strong intraday resistance). Intraday support is seen around the level of $1,053.00. The next strong daily support is seen around the level of $1,046.00.

Trading recommendations:
Day traders should refrain from trading and wait for a better pattern to occur.




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