GOLD Weekly Technical Analysis

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GOLD Weekly Technical Analysis

( Duration 23 to 27 February 2015)

Gold is following a downward channel. It seems that this is very strong channel. We can follow this channel for taking entry. When it touches upper line of the channel then we can sell on gold. It is looking for important support area at 1180 level. We can expect more downward movement on gold. H4, daily and weekly candle also giving sell signal on gold. So we can stay on downside for coming trading days.

Weekly Trading Levels
Strong Sell  : 1250
Normal Sell : 1227
Take Profit   : 1212
Normal Buy : 1188
Strong Buy  : 1173

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GOLD Weekly Technical Analysis

( Duration 9 to 13 February 2015)

8 February, 2015
GOLD broke its important support area after NFP news released. 1251-1255 was support area and it broke that area with huge bearish pressure. So it comes to downtrend again. We should wait for retest of that level again and then we can take sell entry. 1250-1255 area will be now potential resistance zone for gold. So it will be good sell zone.

In Technical Indicators view
In daily chart, MACD indicator is still above 0.0 level. So it is showing that gold has still bullish power
In daily chart, RSI indicator is below 50 level which indicates that it is now downtrend.
200 Moving average is showing that this is on downtrend, but 50 and 100 Moving average is giving it bullish bias.
In summary, from the technical indicators, we can find any definite trend. So our recommendation is to stay on downside as it breaks its support area.

Weekly Trading Levels
Strong Sell  : 1300
Normal Sell : 1270
Take Profit   : 1250
Normal Buy : 1220
Strong Buy  : 1200

OUR PERFORMANCE IN ONLINE TRADING

Make Money Service Signal Details

Subscribe our Make Money Service   Package 8000/month

Trading Lots: 1 (100 ounce)

 Win: +960 pips

Loss: -55pips
 
Date
Trade
Buy/Sell 
  Price
Stop Loss
Take Profit
 Close
 Pips
  Profit
  Loss
14.02.13
 Gold
 Sell
  1649
 1655
  1640
  1640
  900
  $900
 
 
 Gold
 Sell  
  1645
 1652
  1635
  1635
1000
 $1000
 
 
Silver 
 Sell
 30.95
  31.10
  30.75
 30.75
    30
    $30
 
 
Silver
 Buy
 30.55
  30.30
  30.80
 30.30
  -25
   
  -$25
 
  Oil
 Buy
 97.00
  96.70
  97.30 
 97.30
    30
 
 
 
  Oil
 Sell
 97.40
  97.70
  97.70
 97.70
   -30
 
  -$30
  Total
 
 
 
 
 
 
 
  $960
  -$55

GOLD (Spot) Intraday: Downside Expected
Update On Supports And Resistances. (14/02/2013)

Pivot: 1656.

Our preference: SHORT positions below 1656 with 1642 & 1635 as next targets.

Alternative scenario: The upside breakout of 1656 will open the way to 1665 & 1672.

Comment: Gold Adviser opinion for further downside.

Trend: Weekly trend in bearish and monthly trend Down
Subscribe our gold prediction package for further details only in 700/month

 

Gold Rates in Pakistan

Gold and Silver 24k local market One Tola rates in Pakistan (1 Tola approx: 11.664g)
Time (GMT+5) 9.00am
Date: 14-02-2013          GOLD around  Oz 1644$
Gold Bar = 62200
Gold Tezabi = 61400
Silver = 1120               SILVER around  Oz 30.80$
USD = 99.50

OUR PERFORMANCE IN ONLINE TRADING

Make Money Service Signal Details

Subscribe our Make Money Service

Package 8000/month

Trading Lots: 1

(100 ounce) 

Win: +945 pips

Loss: -560pips
Date  
Trade
Buy

Sell
Price
Stop

Loss
Take

Profit
Close
Pips
Profit
Loss
11.02.13
Gold
Sell
1667
1675
1662
1662
+500
$500
  
 
Gold
Buy
1655
1650
1660
1650  
-500 
 
-$500 
 
Gold
Buy
1645 
1640 
1650
1649
+400
$400
 
 
Silver
Buy
31.4
31.3
31.6
31.3
 -10
 
-$10
 
Silver
Sell
31.3
31.6
31.0 
31.0
 +30
 $30
 
 
Oil
Sell
96.3
96.8
96.0
96.8
 -50
 
-$50 
 
Oil
Sell 
96.87
97.5
96.5
96.62
+15 
 $15
 
 
Total 
 
 
 
 
 
 
$945
-$560

GOLD (Spot) Intraday: Downside Expected
Update On Supports And Resistances. (12/02/2013)

Pivot: 1652.

Our preference: SHORT positions below 1652 with 1638 & 1625 as next targets.

Alternative scenario: The upside breakout of 1652 will open the way to 1658 & 1664.

Comment: Gold Adviser opinion for further downside.

Trend: Weekly trend in Rang and monthly trend Down