July 17, 2013

Golden Opportunity for Gold Traders

Golden Opportunity for Gold Traders

forecast gold price 2013 using market rhythm method


This is the analysis using Market Rhythm method of analyzing the gold price.

I set it using the weekly time frame (1 candle = 1 week period). You can see it clearly that the price supported by the SMA 360 and start to move upward started 2 weeks ago.

Right now, there are 2 major resistance at around 1310 (EMA 8) and 1400 (EMA 21) respectively. Can it recover from the bottom of the market?

We will see!
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About ArrowFX

Technically analyze the forex market mainly on USDJPY, EURUSD and GBPUSD by using market rhythm method started by Philip Nel on Forex Factory. The thread started on 2007 and still alive.
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