Forex Lasers Forum

Go Back   Forex Lasers Forum > FOREX TRADING > Forex Analysis

Forex Analysis Technical and fundamental analysis of the majors and crosses. Post your FX charts!

Our website is made possible by displaying online advertisements to our visitors.
Please consider supporting us by disabling your ad blocker.
» Forex Site
Reply
 
LinkBack Thread Tools Search this Thread
  #41  
Old 04-12-2015, 06:49
InstaForex's Avatar
Level V Lasers Member
 
Join Date: Aug 2014
Posts: 3,308
Default Re: Daily technical analysis of GOLD By INSTAFOREX

Overview:
Since our last analysis, gold has been trading downwards. As I had expected, our profit target at $1,046.21 was met. In the daily time frame, I found a strong supply bar and rejection from our SMA 10. In the M30 time frame, as I had expected, the price reacted from intraday support at $1,046.00. Watch for a potential breakout of $1,046.00 to confirm further downward continuation. Intraday resistance is now at the level of $1,054.00. Next daily support level is seen at $987.00.

Trading recommendations:

Be careful when buying gold because we have a strong rejection from our resistance and gold is in the strong downward trend. Watch for potential selling opportunities.




Reply With Quote
  #42  
Old 09-12-2015, 04:28
InstaForex's Avatar
Level V Lasers Member
 
Join Date: Aug 2014
Posts: 3,308
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 $1,066.28 in a high volume. In the daily time frame, our SMA 10 was broken and this is the first sign of a potential change in the trend's dynamic. According to the H1 time frame, price rejected from our key support at the price of $1,069.00. I expect testing of $1,088.50. I have placed Fibonacci expansion to find potential profit targets. I got Fibonacci expansion 61.8% at the level of $1,092.50, Fibonacci expansion 100% at the level of $1,108.00 and Fibonacci expansion 161.8% at the level of $1,134.50.

Trading recommendations:
Be careful when selling gold because we can observe strong demand in the background. Watch for potential buying opportunities on dips.




Reply With Quote
  #43  
Old 11-12-2015, 09:18
InstaForex's Avatar
Level V Lasers Member
 
Join Date: Aug 2014
Posts: 3,308
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 inside bar formation with support at the level of $1,058.15 and resistance at the level of $1,088.50. Our daily SMA10 is flat. According to the H1 time frame, the price is testing strong support at the level of $1,067.50. To confirm a further direction, watch for potential breakout of inside bar formation

Trading recommendations:
Watch for a potential breakout of our inside bar formation to confirm further direction




Reply With Quote
  #44  
Old 15-12-2015, 12:00
InstaForex's Avatar
Level V Lasers Member
 
Join Date: Aug 2014
Posts: 3,308
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 $1,058.58 in a high volume. In the daily time frame, I found an inside-bar formation with a support at the level of $1,058.15 and resistance at the level of $1,088.50. The trend is downward in mid and long terms. According to the H1 time frame, we can observe a buying climax with a very wide spread of bars and strong reaction from sellers. I found lower swing highs and rejection from our supply trend line, which is a sign of downward continuation. Our Fibonacci expansion 100% is at the level of $1,063.00 was broken and Fibonacci expansion 161.8% at the level of $1,050.00 is next support.

Trading recommendations:
Watch for selling opportunities. The trend is downward in short and mid terms.




Reply With Quote
  #45  
Old 16-12-2015, 18:03
InstaForex's Avatar
Level V Lasers Member
 
Join Date: Aug 2014
Posts: 3,308
Default Re: Daily technical analysis of GOLD By INSTAFOREX

Overview:
Since our last analysis, gold has been trading sideways around the level of $1,065.00. In the daily time frame, I found a weak demand bar, which is a sign that buying looks risky. The trend is downward in the mid- and long terms. According to the H34 time frame, we can observe a buying climax with a very wide spread of bars and strong reaction from sellers in the background. I found lower swing highs and rejection from our supply trend line, which is a sign of a downward continuation. Our Fibonacci expansion 100% at the level of $1,063.00 was broken and Fibonacci expansion 161.8% at the level of $1,050.00 is next support.

Trading recommendations:
Watch for selling opportunities. The trend is downward in the short and mid terms.




Reply With Quote
  #46  
Old 18-12-2015, 14:32
InstaForex's Avatar
Level V Lasers Member
 
Join Date: Aug 2014
Posts: 3,308
Default Re: Daily technical analysis of GOLD By INSTAFOREX

Overview:
Since our last analysis, gold has been trading sideways around the level of $1,065.00. In the daily time frame, I found a weak demand bar, which is a sign that buying looks risky. The trend is downward in the mid- and long terms. In the H4 time frame, we can observe a spike (buying climax) with a very wide spread of bars due to the Fed's rate hike by 25bps. I found lower swing highs and another rejection from our supply trend line, which is a sign of a downward continuation. Our Fibonacci expansion 100% at the level of $1,063.00 was broken and Fibonacci expansion 161.8% at the level of $1,050.00 is next support.

Trading recommendations:
Watch for selling opportunities. The trend is downward in the short and mid terms




Reply With Quote
  #47  
Old 23-12-2015, 00:37
InstaForex's Avatar
Level V Lasers Member
 
Join Date: Aug 2014
Posts: 3,308
Default Re: Daily technical analysis of GOLD By INSTAFOREX

Overview:
Since our last analysis, gold has been trading sideways around the price of $1,078.00. In the daily time frame, I found a strong demand bar, which is a sign that selling looks risky. The trend is downward in the mid- and long terms. In the 4H-time frame, we can observe successful breakout of strong trendline and broken 200 SMA which gave us a sign that we may see further upside. The first resistance is seen at the level of $1,088.70. Key price action resistance is around the price of $1,100.00.

Trading recommendations:
Watch for potential buying opportunites, selling looks risky.




Reply With Quote
  #48  
Old 24-12-2015, 01:25
InstaForex's Avatar
Level V Lasers Member
 
Join Date: Aug 2014
Posts: 3,308
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 $1,069.50. In the daily time frame, I found a weak supply bar, which is a sign that selling looks risky. The short term trend is upward. In the 30M-time frame, we can observe testing of our channel, which made good buy point around the price of $1,072.00. I have placed Fibonacci retracement and Fibonacci retracement 61% is at the price of $1,070.00.The first resistance is seen at the level of $1,088.70. Key price action resistance is around the price of $1,100.00.

Trading recommendations:
Watch for potential buying opportunites, selling looks risky




Reply With Quote
  #49  
Old 25-12-2015, 12:48
InstaForex's Avatar
Level V Lasers Member
 
Join Date: Aug 2014
Posts: 3,308
Default Re: Daily technical analysis of GOLD By INSTAFOREX

Overview:
Since our last analysis, gold has been trading upwards. As I expected, the price tested the level of $1,074.86. In the daily time frame, I found a weak supply bar, which is a sign that selling looks risky. The short-term trend is upward. In the 30M-time frame, we can observe successful re-testing of our channel and breakout of bullish flag, which made a good buy point around the price of $1,072.00. Also, price is above all moving averages on the M30 time frame.The first resistance is seen at the level of $1,080.00 and second at $1,088.70. The key price action resistance is around the price of $1,100.00.

Trading recommendations:
Watch for potential buying opportunites, selling looks risky.




Reply With Quote
  #50  
Old 30-12-2015, 00:59
InstaForex's Avatar
Level V Lasers Member
 
Join Date: Aug 2014
Posts: 3,308
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 $1,074.36 in an average volume. In the daily time frame, I found a weakly supply bar, which is a sign that selling looks risky. An intraday trend is upward. In the 30M time frame I found another successful re-testing of our channel and a breakout of a bullish flag, which made a good buy point at the level of $1,072.00. I found a potential double bottom formation and a breakout of $1,076.50 is likely to confirm it.The first resistance is seen at the level of $1,076.50 and second is at $1,088.70. The key price action resistance is seen around the level of $1,100.00. The price is above the 200 SMA.

Trading recommendations:
Watch for potential buying opportunites, selling looks risky.




Reply With Quote
  #51  
Old 01-01-2016, 00:25
InstaForex's Avatar
Level V Lasers Member
 
Join Date: Aug 2014
Posts: 3,308
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 $1,059.22 in a high volume. In the daily time frame, I found a supply bar in a volume below an average. An intraday trend is downward. Short- and mid-term trends are also downward. In the H1 time frame, the price is well below all MACs 50,100,150,200 in the short-term time frames. I found symmetrical triangle (trend continuation pattern).I expect testing of $1,050.00. I would like to see a breakout in a high volume at $1,046.00 confirming the trend-continuation pattern, .

Trading recommendations:
Watch for potential selling opportunities, buying looks risky.




Reply With Quote
  #52  
Old 06-01-2016, 19:49
InstaForex's Avatar
Level V Lasers Member
 
Join Date: Aug 2014
Posts: 3,308
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 $1,092.72 in a high volume. In the daily time frame, the price has broken our 50 SMA. Selling at this stage looks risky. The intraday trend is upward, but the mid-term trend is still downward. I placed Fibonacci retracement to find resistance levels and got Fibonacci retracement 38.2% at the price of $1,102.00 and Fibonacci retracement 61.8% at the price of $1,136.00. Intrday buying positions are preferable.

Trading recommendations:
Watch for potential buying opportunities, selling looks risky.




Reply With Quote
  #53  
Old 07-01-2016, 23:50
InstaForex's Avatar
Level V Lasers Member
 
Join Date: Aug 2014
Posts: 3,308
Default Re: Daily technical analysis of GOLD By INSTAFOREX

Overview:
Since our last analysis, gold has been trading upwards. As I expected, the price tested the level of $1,102.62 in a high volume. In the daily time frame, we can observe testing of Fibonacci retracement 38.2% and price action resistance. Buying at this stage looks risky since the price is at the strong resistance. The intraday trend is upward, but the mid-term trend is still downward. I placed Fibonacci retracement to find resistance levels and got Fibonacci retracement 38.2% at the price of $1,102.00 (on the test) and Fibonacci retracement 61.8% at the price of $1,136.00. Intraday selling positions are preferable. The first support level is around the price of $1,088.50.

Trading recommendations:
Watch for potential selling opportunities, buying looks risky




Reply With Quote
  #54  
Old 13-01-2016, 00:27
InstaForex's Avatar
Level V Lasers Member
 
Join Date: Aug 2014
Posts: 3,308
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 $1,085.33. In the daily time frame, we can observe rejection of Fibonacci retracement 38.2% and successful rejection of SMA 100. Buying at this stage looks risky since the price rejected our strong resistance. The intraday trend is downward. Besides, the short- and mid-term trend is downward. I placed Fibonacci expansion to find a potential end of upward correction and got Fibonacci expansion 161.8% at the price of $1,115.50 (held successfully). Be careful when buying gold at this stage and watch for potential selling opportunities. The key support for gold is at the price of $1,046.00.

Trading recommendations:
Watch for potential selling opportunities, buying looks risky




Reply With Quote
  #55  
Old 14-01-2016, 17:02
InstaForex's Avatar
Level V Lasers Member
 
Join Date: Aug 2014
Posts: 3,308
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 $1,095.30. In the daily time frame, we can observe rejection of Fibonacci retracement 38.2% and successful rejection of SMA 100. Buying at this stage looks risky since the price rejected our strong resistance. The intraday trend is downward. According to the M30 time frame, the trend dynamic changed from upward to downward. The price rejected our 200 SMA and marked a potential end of the upward correction. We placed Fibonacci expansion to find a potential intraday target and got Fibonacci expansion 161.8% at the level of $1,076.00. Be careful when buying gold at this stage and watch for potential selling opportunities. The key support for gold is at the price of $1,046.00. The potential breakout of the level of $1,046.00 will confirm short-term continuation of a downward trend.

Trading recommendations:
Watch for potential selling opportunities, buying looks risky




Reply With Quote
  #56  
Old 19-01-2016, 02:01
InstaForex's Avatar
Level V Lasers Member
 
Join Date: Aug 2014
Posts: 3,308
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 $1,097.13. In the daily time frame, we can observe a a weak close of a supply bar (bar closed on the middle) . Buying at this stage looks risky since the price rejected our strong resistance. The intraday trend is neutral. In the H1 time frame, I found a volume spike (buying climax) and a wide spread of bars. Buying at this stage looks very risky. An intraday target is set at the level of $1,071.00. Be careful when buying gold at this stage and watch for potential selling opportunities. The key support is found at the level of $1,046.00. A potential breakout of the level of $1,046.00 will confirm short-term continuation of the downward trend.

Trading recommendations:
Watch for potential selling opportunities, buying looks risky




Reply With Quote
  #57  
Old 21-01-2016, 14:43
InstaForex's Avatar
Level V Lasers Member
 
Join Date: Aug 2014
Posts: 3,308
Default Re: Daily technical analysis of GOLD By INSTAFOREX

Overview:
Since our last analysis, gold has been trading sideways around the level of $1,099.00. In the daily time frame, we can observe a weak demand bar with weak a close. Also, the price rejected our 100SMA at the level of $1,107.00. Buying at this stage looks risky since the price is at the resistance level. An intraday trend is upward but short-term and mid-term trends are still bearish. According to the M5 time frame, I saw potential changing in trend dynamic from upward to downward. Downward support is found at the levels of $1,096.00, $1,092.00, and $1,085.00. The resistance level is set around the area of $1,115.00.




Reply With Quote
  #58  
Old 26-01-2016, 23:48
InstaForex's Avatar
Level V Lasers Member
 
Join Date: Aug 2014
Posts: 3,308
Default Re: Daily technical analysis of GOLD By INSTAFOREX

Overview:
Since our last analysis, gold has been trading upwards. As I expected, the price tested the level of $1,117.42. In the daily time frame, we can observe a demand bar in an average, which is a sign that sellers do not have power and that we may expect further upward movements to take place. An intraday trend is upward. The price broke our resistance level at $1.111.50, which is now acting as good support. This area looks like a good place to open buying positions. The take-profit zone is set at the level of $1,134.00 (Fibonacci retracement 61.8%).

Trading recommendations:
Watch for potential buying opportunities on dips




Reply With Quote
  #59  
Old 28-01-2016, 21:43
InstaForex's Avatar
Level V Lasers Member
 
Join Date: Aug 2014
Posts: 3,308
Default Re: Daily technical analysis of GOLD By INSTAFOREX

Overview:
Since our last analysis, gold has been trading upwards. As I anticipated, the price tested the level of $1,127.87 in a high volume. An intraday short-term trend is upward. The price broke our resistance level of $1.111.50 and I found successful re-test, which is a sign that we may see further upward movements. Also. the pair is trading well above all key MA`s (SMA 50,100,150,200) according to the H4 time frame. The take-profit zone is established around the level of $1,134.00 (Fibonacci retracement 61.8%, daily SMA 200). Watch for buying opportunities on dips.

Trading recommendations:
watch for potential buying opportunities on dips




Reply With Quote
  #60  
Old 29-01-2016, 18:54
InstaForex's Avatar
Level V Lasers Member
 
Join Date: Aug 2014
Posts: 3,308
Default Re: Daily technical analysis of GOLD By INSTAFOREX

Overview:
Since our last analysis, gold has been trading sideways at the level of $1.114.00. An intraday short-term trend is neutral, but the short term trend is upward. It seems like that our strong support at the price of $1,109.00 held very successful.Also. the pair is trading well above all key MA`s (SMA 50,100,150,200) according to the H4 time frame. The take-profit zone is established around the level of $1,134.00 (Fibonacci retracement 61.8%, daily SMA 200). In the 30M time frame, I found a massive volume spike (selling climax) and successfully test of supply, which is a sign that selling looks risky. Watch for buying opportunities on dips.

Trading recommendations:
watch for potential buying opportunities on dips





Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are Off
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On


Similar Threads
Thread Thread Starter Forum Replies Last Post
Daily technical analysis of EUR/NZD By INSTAFOREX InstaForex Forex Analysis 319 19-01-2018 11:37
Daily technical analysis of EUR/JPY By INSTAFOREX InstaForex Forex Analysis 358 19-01-2018 11:34
Daily Technical Analysis dailyfxanalysis Forex Analysis 10 15-05-2013 10:27
Technical Analysis (Update Daily) alhadi Forex Analysis 0 13-09-2012 09:26
Daily Technical Analysis for Majors FxTT Forex Analysis 0 01-03-2012 07:50

Our website is made possible by displaying online advertisements to our visitors.
Please consider supporting us by disabling your ad blocker.
» Forex Site.
Powered by vBadvanced CMPS v3.2.3

All times are GMT. The time now is 04:21.


Powered by vBulletin® Version 3.8.10
Copyright ©2000 - 2018, vBulletin Solutions, Inc.