Great volatility and good value per pip. Here, I will share my analysis of this pair. Everybody is welcome to discuss about this commodity/ currency pair.
“A banker is a fellow who lends you his umbrella when the sun is shining, but wants it back the minute it begins to rain.”
-Mark Twain.
OIL
Brent crude edged higher and U.S. heating oil futures received support from winter temperatures, while U.S.
crude slipped as Wall Street equities dipped and the dollar strengthened. Brent February crude rose 58 cents to $111.98 a barrel by 1651 GMT, having reached a session peak of $112.47. U.S. February crude was down 12 cents at $93.07 a barrel, having swung from $92.67 to $93.80.
[B]GOLD[/B]
Gold gained, paring a fourth monthly loss, Gold Spot up 0.2 % to $1,661.45 and traded at $1,660.10 in Asian Hours Palladium added 0.3 % to $743.75 , the highest intraday price since Sept. 9, 2011.
[B]GOLD[/B]
Spot gold up as 0.3 % to $1,660 ,at $1,659.85 in Asia , after four days of losses. Gold for April up s 0.4 % to $1,660.90 , Silver up 0.4 % to $31.0025 , after falling 4.3 % in the past three days. Spot platinum rose 0.6 % to $1,673.25. Palladium climbed 0.2 % to $740.25 , after reaching $749 yesterday,
GOLD
Markets
Spot gold was at $1,676.90 after rising as much as 1.2 % yesterday to $1,683.28, the highest price since Jan 24… Platinum, the , has jumped 8.9 % in Jan. Gold April fell 0.2 % to $1,677.50 . Silver flat at $32.02 after a gain of 2.6 % yesterday. Silver is 5.5 % higher this month, rebounding from a 9.2 % drop in December
GOLD
Markets
Gold spot lost 0.3 % to $1,642.90 , traded at $1,644.05 at 11:13 a.m. in Asia . Spot silver fell 0.7 % to $30.735 , the lowest since Jan. 28. Gold April fell 0.3 % to $1,644.10
Spot gold +0.2 % to $1,653.60 after dropping to a one-month low of $1,639.45 yesterday. Silver gained 0.3 % to $31.2169, rebounding from a one-month low of $30.5875 reached yesterday. Spot platinum gained as much as 0.6 % to $1,728.75. 1 ounce of platinum bought 1.0466 ounces of gold today
Hi need suggestion , when will gold going up , today it decrease to 1600
Hi Robert,
I like your analysis but I never used these ABCD patterns until now. Can you please say what do you do when you have identified the D point? First you calculate it and then you define a target where you would like to exit the trade and the D point is your entry level?
Thanks,
ForExchange
On the daily and mid-term, as you can see the most recent bottom has been formed on 28th June 2013 at $1180.34, thereafter on Decemnber 13th 2013 the price has tried once more to overcome and break it below but failed and have been supported by buyers and caused it to climb again. The upward movement which was formed as an impulse was able to break above the bearish mid-term trend line and formed a top above it. We can see that every time for the correction move as a reversal the price has tried to cross $1280 below, the buyers has supported it from falling more strongly and it appears to be a serious problem for sellers to cross the area. Therefore, as the long-term fourth correction wave completes we are expecting that crossing $1330 again
will provide the climb arrangement for the wave to $1550 and then $1637 mid- term. In terms of time the arrangement should be set between 7th to 20th may 2014.
