Monday, September 16, 2013

Gold Trading Strategy in week

Gold ended the rise?
Gold recovered only 38.2% Fibonacci level ( peak 1792 usd / oz -  lows 1180 usd / oz).
The signals are supporters of the gold price downtrend .
Appears 2 doji candle on the chart W1 . Plus the last week, the candle reduced to near 100 price amplitude .
If the Fed decides to narrow monetary easing package this month, this is a strong impact information to  the price  gold down deeply continues .
Personally I think the gold has entered a new wave discounts!
Our own job is to find a reasonably priced area to set long-term sell order !
This may be a hint for you
Sell limit   : 1350 - 1360
Stop loss    : 1370
Take Profit  : 1275 !
Good luck ! :)

Gold Trading Strategy in week . Hopefully

1 comment:

  1. Gold price scenarios before Fed meeting
    http://www.pinterest.com/pin/542191242610162623/

    ReplyDelete