Monday 5 May 2014

Gold Trading Recommendation (05/05/2014)

The metal failed to remain stable below 1277.00 levels pushing it strongly to the upside and is trading above 1300.00 with the beginning of the week. Trading again above the referred to level is positive but confirming positivity requires stability above 1309.35. MACD is showing a new attempt to be positive and RSI 14 is trading above line 50, as Linear Regression Indicator 34 is still positive. All the referred to catalysts forces us to think that there is a bullish possibility this week that is confirmed by stabilizing above 1309.35.



Support: 1300.00, 1296.00, 1292.60, 1285.10, 1277.90
Resistance: 1309.35, 1315.00, 1323.20, 1330.00, 1339.35

Gold Trading Recommendation (05/05/2014) Based on the above, buy the Gold above 1300.00 targeting 1309.35 and 1323.20 then 1339.35 with stop-loss below 1285.10

Friday 2 May 2014

TJL Chart- - - 02-05-2014


TJL's RSI trading at overbought territory.

If the volume reduce in coming days pull back will occur.

Good price to exit now.

Gold Trading Recommendation (02/05/2014)

The metal dropped during yesterday's trading session waiting to break 1277.00 levels to confirm the bearish possibility, but the price failed to do so. Despite that this possibility became valid after the positive divergence failed on MACD, but stabilizing below 1277.00 supports negativity because it takes the metal to trade below Linear Regression Indicators.


Support: 1280.00, 1277.90, 1272.00, 1266.55, 1262.00
Resistance: 1285.00, 1293.00, 1296.25, 1300.00, 1305.00

Recommendation Based on the above, sell gold at 1276.00, targeting 1272.00, 1262.00, then 1250.80, and stop-loss above 1296.25.

Thursday 1 May 2014

Gold Trading Recommendation (01/05/2014)

The metal is still fluctuating heavily between 50% correction at 1285.10 from the downside and the psychological resistance 1300.00 from the upside. MACD began trading sideways, as RSI is trading below line 50, but the price is stabilizing between the contradicted Linear Regression Indicator 34 and 55.


Support:     1285.00, 1280.00, 1277.90, 1272.00, 1266.55
Resistance: 1296.25, 1300.00, 1305.00, 1309.35, 1315.00