Gold

[niknik]

GOLD

“Viewed in light of the 3 wave advance from 1672.50, the trend is lower.” Friday’s JS Spike right at mentioned support (1685) will probably propel gold to at least the 61.8% retracement of the decline from the 11/12 high at 1727. There is trendline resistance to keep an eye on as well.

Commodity Trading Strategy: Previous comments were “look to short strength from 1727 to 1738 with a 1754 stop.” After today’s spike and reversal, gold might not reach 1727. Wait for at least a day for the near term pattern to clear up before jumping into something at a less than ideal level.

LEVELS: 1673 1683 1704 1727 1738 1754

[angle]

you know whhat guys i really enjoy trading gold as a commodity reason for this is that i find gold to be very expensive and when its that expensive then the outcome is also good.

[arshad701]

I think gold value was down significantly, now is reaching 1577.. it was a strong support from 6 month ago.. is it worth for buying now? or it will break the support point?

[hamza661]

GOLD (Spot) intraday: the downside prevails.
Our preference: SHORT positions below 1704 with 1689 & 1684 as next targets.

Alternative scenario: The upside breakout of 1704 will open the way to 1712 & 1722.

Key levels Comment

1722** Intraday resistance
1712** Intraday resistance
1704** Intraday pivot point
1695.16 Last
1689* Previous low
1684*** Horizontal support
1678* Intraday support

[erespe]

GOLD shows a bullish reversal after touched support level at 1688.79. We are now waiting for a lwma crossing confirmation to start buy. Once it confirmed, gold may rise towards 1711.00. But if there is no confirmation today, gold may fall to 1684.50

[ALLIANZ]

Bias for gold in nearest term is neutral, but if price could break above 1700 area could trigger further bullish toward 1710 region.
On the downside, immediate support is seen at 1690 area,
a clear break below that area could trigger further bearish aiming 1685 region.

[Vamos]

Gold is a little dirty but still goes on my schedule look more likely to fall, so until the price broke above 1700 I think you can try to play on the slide, but then I would not put a short stop ... because the gold market may let go and throw a shadow .....*

[naqash]

Hello dear friends , today it is a discussion about Gold . and i think it is the best trade in forex but most expensive and risky , it can give a large profit but some time when it goes to lose it can make you nil in a single second . its variation is so quick . so you should be up to date to take good profit instead of loses

[aamirjamil1]

i closed my buy order and just watching the movement, waiting for some good entry if its able to hit the 1540 level then we see some quick rais....

[samsiah]

XAUUSD
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Last week of XAUUSD have time to give tired resistance of high in 1723.10 but have to surender to reach its low at price 1689.50. Gold drift by uncertainty of subject of Fiscal Cliff influencing performance of D�lar AS

Our Position for XAUUSD at next week is Neutral.