Gold Today

[forexintel]

yellow line below black is a SELL and the reverse is buy. All time frames show a sell. But the zigzag shows that the prices are near a low zigzag. It is better to enter a sell from a high zigzag.

 

Hence let us see if the prices reverse from 1625.75, which is the 161.8 level for yesterday's high and low in H1.

 

http://i1115.photobucket.com/albums/k543/ponforex/forums/d4f10b1a.gif

 

if it goes below 100 level, ie 1622.20, then the prices, would be doing a double mountain, taking the prices to a drastic fall. Should get a confirmation by today evening.

[forexintel]

Gold Today

 

Now that the prices have gone below 1622.20 and a double mountain is formed in H4. Expect the prices to continue at least till 1545.0 in this month.

 

http://i1115.photobucket.com/albums/k543/ponforex/forums/5b0f3453.gif

 

If it goes below 1521, which is most likely, the prices should reach 1100 in this year!

 

yellow line below black is a SELL and the reverse is buy. All time frames show a sell. But the zigzag shows that the prices are near a low zigzag. It is better to enter a sell from a high zigzag.

 

Hence let us see if the prices reverse from 1625.75, which is the 161.8 level for yesterday's high and low in H1.

 

http://i1115.photobucket.com/albums/k543/ponforex/forums/d4f10b1a.gif

 

if it goes below 100 level, ie 1622.20, then the prices, would be doing a double mountain, taking the prices to a drastic fall. Should get a confirmation by today evening.

[forexintel]

We have to SELL from a HIGH. So it would be worthwhile to wait for a HIGH ZIGZAG to enter a SELL. 1626.06 is a strong resistance level. Any price point around this price should be a good entry point for a SELL.

 

http://i1115.photobucket.com/albums/k543/ponforex/forums/dfda8023.gif

[DOVADOV]

We have to SELL from a HIGH. So it would be worthwhile to wait for a HIGH ZIGZAG to enter a SELL. 1626.06 is a strong resistance level. Any price point around this price should be a good entry point for a SELL.

 

http://i1115.photobucket.com/albums/k543/ponforex/forums/dfda8023.gif

 

Ok thanks your information....

[whitebty]

gold will continue falling