SELL GOLD WHEN NEWSRELEASE

SELL GOLD AROUND 1195
TAKE PROFIT 1187
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Gold edged higher with the beginning of 2015, and the upside move took it to trade above the resistance of the downside move and above Linear Regression Indicator 34, while trading above them is positive. In fact, trading above 1181.85 is positive this week and stabilizing above it triggers a new attempt to breach 1213.05 and move towards 1238.25 again. From the downside, breaking 1181.85 and stabilizing below it pushes the price towards 1159.20 at least, and breaking this level gets the price into a new bearish wave that targets the previous bottom 1131.40.
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Support	1195.00	1190.00	1181.85	1168.00	1159.20
Resistance	1200.00	1205.00	1213.05	1220.00	1226.60
Recommendation	Positive expectations above 1195.00, risk-limit below 1180.00.

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News Date: 9/5/2014 07:32:40

News Date: 9/5/2014 07:32:40

The metal remained limited above 1285.10 yesterday keeping the positive expectations. We notice today a negative crossover on Linear Regression Indicators which contradicts with the positivity of stabilizing above 1285.10. We depended yesterday on achieving higher lows, however, as the price is stable above 1277.00 - 1276.00 strengthening the possibility of a bullish wave. Therefore, we will benefit from the appropriate Risk/Reward Ratios to suggest an upside move for today with the same stop-loss and break 1277.00. As soon as the stop-loss is achieved we will become negative. Breaching and stabilizing above 1300.00 levels is significant to confirm positivity today and the upcoming period.
Support	1285.00	1280.00	1277.90	1272.00	1266.55
Resistance	1293.00	1296.60	1300.00	1305.00	1309.35
Recommendation	Based on the above, long gold at 1290.00, targeting 1296.00, 1330.00, then 1309.00, and stop-loss below 1276.00. In case of stop-loss, selling gold below 1276.00 targeting 1266.00 and 1260.00 then 1250.00 with stop-loss above 1296.25 levels.

For more detail Please Contact 092 749966,093 749966 lekchansour@gmail