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Khamis, 23 Februari 2012

Analysis Gold - 23 Feb 1154

GOLD (Spot) intraday: the bias remains bullish.
Update on supports and resistances. ( 23/02/2012 11:54 )



Pivot: 1768.00

Our Preference: LONG positions above 1768 with targets @ 1781 & 1790.

Alternative scenario: The downside breakout of 1768 will open the way to 1760 & 1750.

Comment: the price remains on the upside and is challenging a resistance.

Trend: ST Bullish; MT Bullish

Key levels Comment

1800*** Intraday resistance
1790* Intraday resistance
1781** Intraday resistance

1776 Last

1768** Intraday pivot point
1760** Intraday support
1750** Intraday support



TIPS:


Never risk more than 2-3% of the total trading forex account One important difference between a successful and an unsuccessful forex trader in forex Market is that the first is able to survive under unfavorable conditions on the forex market, while an unsuccessful forex trader will blow up his account after 5-10 unprofitable trades in the row.

Even with the same trading system 2 forex traders can get opposite results in the long run. The difference will be again in money management approach. To introduce you to money management, let's get one fact: losing 50% of total account requires making 100% return from the rest of money just to restore the original balance.

1 ulasan:

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