Tuesday, July 10, 2012

Profitable Auto Trading Gold Silver and Oil

Review below today's commodities intraday gold forecast outlook. With the Commodity Code Metatrader Expert Advisor and a Metatrader forex account you can auto-trade the gold, silver, and oil markets with their very high liquidity and daily market moving news and events.

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Level 1:

The Commodity Code Trading Station Gathers Gold, Oil and Silver quotes directly from the banks. It identifies the common patterns when the big banks are moving the price significantly.

Level 2:

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Level 3:

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July 10, 2012 - GOLD Intraday Technical Analysis

By Instaforex

Gold is presently testing the intermediate resistance of its medium term bearish channel at 1 594 and looks like making a decline. Nevertheless, a puncture of these levels will provide potential and the pair will be able to reach the upper limit of this one to 1 620.

Technical indicators provide sell-signals and until the resistance is not broken the assumption of a decline is most likely. Bollinger bands are much discarded as a result of a strong decline these days. Stabilization is expected in a short term.

According to previous events the market will provide a bullish opportunity as soon as gold has broken through its resistance of 1 594 with the 1st objective at 1 605 and then at 1 610. A break through 1 591 will invalidate this scenario.

Tools to Profitably Trade the Gold Silver and Oil Markets

The Commodity Code