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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