How to Trade Gold This Week


	How to Trade Gold This Week

ryder99

7-20-2009 3:57 AM

67 views

tags:

how to trade gold, the gold market, buy gold

ryder99 says:

Taking a close look at the gold market this week we are looking for the key level of 946.40. Should gold break that barrier the advice is to buy gold.

When trading in gold it is paramount to have the real-time prices at your finger tips and this report shows how to do just that.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/709d9237-26fc-4c8f-bfe8-403a4980501c/A6B34B12-1BD4-4615-BFB2-0E7786812A3A/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://currencymarketupdates.com/" href="http://currencymarketupdates.com/" style="font-size: 11px;">currencymarketupdates.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://currencymarketupdates.com/"><STRONG>How to Trade Gold This Week</STRONG></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://currencymarketupdates.com/"><P>
July 20, 2009</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://currencymarketupdates.com/"><P>
Since 2001 the gold market has been moving steadily upwards with those wild swings coming over the last two years. This is clearly seen on the MarketClub weekly charts with real-time prices. <A href="http://www.ino.com/info/196/CD3380/quotes.ino.com%2Fanalysis%2Ftrend%2F?symb=FOREX_XAUUSDO"><B>When you are trading or looking at gold (XAUUSDO) you need real-time prices.</B></A><B></B>  </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://currencymarketupdates.com/"><P>
What we are seeing from the trend line is that the resistance level is at 980 while the MACD is just turning upwards and the Fibonacci tool measuring from the highs to the lows, shows a retracement of 61.8. What this translates to is that the support level is at 910 but the key level to watch this week is 946.40.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://currencymarketupdates.com/"><P>
If gold breaks this key level, 946.40, this week we want to go long, in other words, buy gold. </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://currencymarketupdates.com/"><P>
<A href="http://www.ino.com/info/406/CD3380/&dp=0&l=0&campaignid=3"><B>Go ahead and see for yourself how this looks on the live charts and which direction the market is going. My regular readers will know that this Spot Gold video is free to watch and there is no need to register</B></A> </P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://currencymarketupdates.com/"><P>
Tom Nadir</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://currencymarketupdates.com/"><P><DIV>
<A href="http://www.ino.com/info/205/CD3380/&dp=0&l=0&campaignid=9"><IMG border="0" alt="" src="http://ino.directtrack.com/42/3380/205/" /></A> <A href="http://currencymarketupdates.com">(read more)</A></DIV><BR /></P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://currencymarketupdates.com/"><DIV class="headerleft">
		<DIV id="headertitle"><A href="http://currencymarketupdates.com/">Currency Market Updates</A></DIV>
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