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.

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gold for today

Main scenario:
The pair is trading along an sideways trend.
An uptrend will start from support levels 1289.50, which will be followed by moving up to resistance level 1294 and then to 1302.

Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1287, which will be followed by moving down to support level 1284 and then to 1277.

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