Thursday, May 28, 2015

Analysis GOLD @9.00am

Price presently at 1187.50 TF H1 - probable UTD 1188.40 TP 1192 (360) LTD 1180.29 TP 1127.60 (526) TF H4 - probable UTD 1187.41 TP 1197.80 (1040) LTD 1183.69 TP 1133.29 (5040) TF D1 - broken both sides UTD 1205.70 TP 1218.94 (1324) LTD 1207.97 TP 116.24 (3973) TF W1 - broken uptrend UTD 1185.91 TP 1289.88 (10397) LTD 1188.35 TP 1140.20 (4815) Analysis - W1 indicates uptrend long term until 1289.88 possibly. But i`m unsure when the expiry date of this timeframe. As the indication have hinted possibly the price would go below 1188 (W1) thus breakout downtrend. - D1 indicates sideway thus supporting the W1 possibilty movement of changes. - For both H1/H4, chances are going uptrend until 1197....

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