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Thread: Gold analysis By Instaforex

  1. #1
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    Default Gold analysis By Instaforex

    Overview:
    Since our last analysis, EUR/NZD has been trading upwards. The price was tested and rejected from the level of 1.5843. Price has been successfully rejected from our Fibonacci retracement 61.8% at the price of 1.5900, which caused the price to start with downward movement. I have placed Fibonacci retracement to find support levels and I got Fibonaccci retracement 38.2% at the price of 1.5710 and Fibonaccci retracement 61.8% at the price of 1.5595. Watch for potential selling opportunities after retracement. So, if the price breaks the level of 1.5710 in a higher volume, we may see potential testing the level of 1.5595. According to the 1H timeframe, we can observe absorption volume since buying climax got abosrbed by sellers.

    Trading recommendations: Be careful when buying the EUR/NZD pair and watch for selling opportunities after retracement
    Gold analysis By Instaforex-eurnzddaily19-png

  2. #2
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    Default Gold analysis for September 01, 2014

    Overview:
    Since our last analysis, gold has been trading sideways around the price of 1,286.00. Our Fibonacci expansion 61.8% at the price of 1,284.00 is broken. So, we may see potential testing the level of 1,260.00 (Fibonacci expansion 100%). I have placed Fibonacci retracement to find potential resistance levels and I got Fibonacci retracement 38.2% at the price of 1,292.00 (currently on the test) and Fibonacci retracement 61.8% at the price of 1,303.00. According to the 4H time frame, we can observe lack of demand, which is a sign that buying looks risky. Watch for potentaial selling opportunities.

    Trading recommendations: Buying Gold looks risky since the price has broken the support level.
    Gold analysis By Instaforex-goldh401-png

  3. #3
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    Default Gold : analysis for October 23, 2014 By Instaforex

    Overview:
    Since our last analysis, gold has been trading sideways downwards. As we expected, the price tested the level of 1,231.96. Our submajor Fibonacci retracement 38.2% at the price of 1,245.00 took place successfully, which caused the price to go downwards. According to the daily time frame, we can observe weak demand and weak price action. Gold is now in a bearish corrective phase so I have placed Fibonacci retracement to find potential support levels and I got Fibonacci retracement 38.2% at the price of 1,227.00 and Fibonacci retracement 61.8% at the price of 1,210.00.

    Trading recommendations: Watch for potential intraday selling opportunities
    Gold analysis By Instaforex-goldh423-png

  4. #4
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    Default Gold : analysis for October 27, 2014 By Instaforex

    Overview:
    Since our last analysis, gold has been trading sideways around the price of 1,230.00. We are facing low volume day and low activity on the market. We are still waiting for larger activity. Our submajor Fibonacci retracement 38.2% at the price of 1,227.00 held successful, so selling gold at this stage looks risky According to the daily time frame, we can observe supply in a volume below average. If the price breaks the level of 1,227.00 in a high volume, we may see testing of Fibonacci retracement 61.8% at the price of 1,210.00. Otherwise, if we see larger bullish reaction from our Fibonacci retracement 38.2%, a bullish continuation phase will be possible.We got first resistance at the price of 1,237.00.

    Trading recommendations: Selling gold at this stage looks risky since Fibonacci retracement 38.2% held successful
    Gold analysis By Instaforex-goldh427-png

  5. #5
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    Default Gold analysis for December 31, 2014 By Instaforex

    Overview :
    Since our last analysis, gold has been trading sideways around the price of 1,197.00. We are waiting for larger volume and stronger price action. According to the H4 time frame, we can observe supply in a volume below the average. My advice is to watch for potential buying opportunities near the lows. According to the daily time frame, we can observe demand in a volume above the average, which is a sign that selling gold at this stage looks risky. I have placed Fibonacci retracement to find potential resistance level and I got Fibonacci retracement 61.8% at the price of 1,212.00. If the price breaks the level of 1,212.00 in a high volume, we may see a potential testing of the level of 1,237.00.

    Trading recommendations: Watch for potential buying opportunities after retracement (buy on the lows).
    Gold analysis By Instaforex-goldh431-png

  6. #6
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    Overview :
    Since our last analysis, gold has been trading upwards. As we expected, the price has tested the level of $1,202.69 in a volume below the average. According to the daily time frame, we can observe weak demand in a volume below average. The short-term trend is neutral, so we need a clear direction for better possibilities. If the price breaks the level of $1,196.00 in a high volume, we may see potential testing of the level of $1,190.00. Anyway, since the price has broken the downward channel (daily), buying opportunities are preferable. I have placed Fibonacci expansion to find potential resistance levels and I got Fibonacci expansion 61.8% at $1,213.00, Fibonacci expansion 100% at $1,225.00, and Fibonacci expansion 161.8% at $1,243.00.

    Trading recommendations:
    Be careful when selling gold at this stage since we have a weak supply in the background and rejection from our Fibonacci retracement 38.2%.
    Gold analysis By Instaforex-goldh403-png

  7. #7

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    Gold ha made a positive upward move after US employment data, but will have to wait find its further course of action till next week.

  8. #8
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    Default

    Overview :
    Since our last analysis, gold has been trading upwards. The price tested the level of $1,205.37 in a high volume. According to the daily time frame, we can observe a supply in an average volume. Our Fibonacci retracement 38.2% at the level of $1,194.00 held successfully and that is the reason behind an upward movement. I have placed Fibonacci retracement to find potential resistance levels and I got Fibonacci retracement 38.2% at the level of $1,204.00 (on the test) and Fibonacci retracement 61.8% at the level of $1,212.00. The short-term trend is neutral. Be careful when buying gold at this stage.

    Trading recommendations:
    Be careful when buying gold at this stage. Sell after retracmeents
    Gold analysis By Instaforex-golddaily10-png

  9. #9
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    Default

    Overview:
    Since our last analysis, gold has been trading sideways around the price of $1,204.00. According to the daily time frame, we can observe supply in a volume above the average, but the price action is weak (weak supply). I have placed Fibonacci retracement to find potential resistance levels and have got Fibonacci retracement 61.8% at the price of $1,208.00 (on the test). I have also placed Fibonacci expansion to find potential bullish objective points and have got Fibonacci expansion 61.8% at the price of $1,232.00 and Fibonacci expansion 100% at the price of $1,263.00. Major resistance is around the price of $1,220.00. Only if the price breaks that level, we may see a stronger bullish movement. The short-term trend is bullish.

    Trading recommendations:
    Be careful when selling gold since we have demand in a high volume, according to the H4 time frame. Buying positions above the level of $1,220.00 are preferable.
    Gold analysis By Instaforex-goldh417-png

  10. #10
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    Default

    Overview:
    Since our last analysis, gold has been trading sideways around the level of $1,193.00. According to the daily time frame, we can observe a demand in a volume above the average. I had placed Fibonacci retracement to find potential resistance levels and got Fibonacci retracement 61.8% at $1,208.00 (held few times). I had placed Fibonacci expansion to find potential bearish objective points and got Fibonacci expansion 61.8% at $1,185.00 and Fibonacci expansion 100% at $1,170.00. Major resistance is seen around the level of $1,220.00. Only if the price breaks that level, we may see a strong bullish movement. The short-term trend is neutral. I found trading range between the level of $1,209.00 and $1,188.00. We are waiting for a clear direction for better entry.

    Trading recommendations:
    Gold is in a trading range. If the price breaks up or down in a high volume, the direction will be confirmed
    Gold analysis By Instaforex-goldh424-png

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100, analysis, average, eur, fibonacci, gold, high, high volume, instaforex, intraday, level, low, nzd, price action, resistance, support, time, trading

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