Gold

[raihan8212]

Gold futures ended Friday�s session at the lowest level in two weeks, as traders were hesitant to push up prices amid ongoing uncertainty over whether Spain will formally request a full-scale sovereign debt bailout.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery settled at USD1,755.25 a troy ounce by close of trade on Friday, losing 0.9% on the day.

Earlier in the session prices touched a daily low of USD1,753.75 a troy ounce, the weakest level since September 26. On the week, gold futures declined 1.5%, the biggest weekly drop since the last week of June.

Gold futures were likely to find support at USD1,739.35 a troy ounce, the low from September 26 and resistance at USD1,781.55, the high from October 8.

Market players remained cautious amid ongoing uncertainty over Spain�s position on requesting external financial aid from its euro zone partners following a down****e by ratings agency Standard & Poor�s.

S&P cut the country�s credit rating by two notches to BBB-minus with a negative outlook late Wednesday, just one notch above junk status, citing �mounting risks to Spain�s public finances.�

Market players have been anticipating for the past month that the Spanish government would ask for a full-scale sovereign bailout.

A bailout would allow the European Central Bank to step in and buy Spanish sovereign debt, which would result in reduced borrowing costs for the debt-strapped nation.

But Spain has been reluctant to do so because it may come with conditions on its budget.

Gold prices came under additional pressure following the release of upbeat U.S. economic data, which raised concern the Federal Reserve might scale back its monetary easing measures.

Official data Friday showed that U.S. consumer sentiment rose to its highest level in five years in October. The University of Michigan said that its consumer sentiment index rose to a seasonally adjusted 83.1 from 78.3 in September, the highest level since September 2007.

The data came one day after the U.S. Department of Labor said the number of individuals filing for initial jobless benefits fell by 30,000 to a seasonally adjusted 339,000 in the previous week, compared to expectations for an increase of 1,000.

It was the lowest reading since February 2008, reinforcing the view that the U.S. labor market is improving, following last week�s stronger-than-expected non-farm payrolls report.

The Federal Reserve announced last month that it will buy USD40 billion of mortgage-backed securities each month until the U.S. labor market improves.

In the week ahead, markets will continue to continue to focus on whether Spain will formally request a bailout and if international creditors will extend loans to Greece as the country struggles to meet deficit reduction targets.

Meanwhile, the U.S. is to release a flurry of data, including reports on retail sales, manufacturing activity in New York and Philadelphia, initial jobless claims and housing starts, among others.

Elsewhere on the Comex, silver for December delivery settled at USD33.48 a troy ounce by close of trade on Friday. Earlier in the session, silver futures touched a low of USD33.46, the weakest level since September 26.

On the week, silver futures lost 3.05%.

Meanwhile, copper for December delivery shed 1.6% over the week to settle at USD3.696 a pound by close of trade Friday.

Growing fears over the health of the global economy have dampened the appeal of the industrial metal in recent sessions.

Copper traders were looking ahead to Chinese third quarter growth figures due out on October 18, to gauge whether the world second largest economy is heading towards a hard or a soft landing.

A deeper slowdown in China would impair a global expansion that is already faltering because of the ongoing debt crisis in the euro zone.

The Asian nation is the world�s largest copper consumer, accounting for almost 40% of world consumption last year.

[rashel55]

Main ye thread GOLD ke discussion ke liye bana raha hain. Sabhi members ko ya post karne ke liye swagat karta hoon.The trading rang for today is among the major support @ 1498 and the key of resistance @ 1511.
The general over short term basis is to the upside targeting 1511 as far as area of 1520 . 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 raise.

[Bieela_cute]

Elliott: extension wave down 1741.98
There is bearish potential for a fall to 1746.89 while 1760.11 - 1763.97 resist. After this fall a recovery up to 1763.97 or 1767.82 is expected.
Technical points
Key point 1,752.3200
Entry point 1,762.4500
Elliott 1,774.8500
Closing 1,754.6000
Projection 1,746.1700
Trendline 1,773.3400
Trendline 1,771.8200
Supports / Resistances
Res 2 1,781.0400
Ex-High 1,773.3300
Res 1 1,767.8200
Pivot 1,760.1100
Sup 1 1,746.8900
Ex-Low 1,752.4000
Sup 2 1,739.1800

[rok]

Nice ville gold and silver parties, in Nice-ville as well as gold parties in other areas of Florida and all over the nation, are starting to appear more frequently. Although they have been in existence for several years, it is only now that they are becoming more common. The price of gold is higher than it has ever been and gold dealers are seeking out scrap gold wherever they can find it.

[romannil]

Gold technical analysis for 15.10.2012 by using : Auto pivot indicator.

resistance 3:1790.47
resistance 2:1782.23
resistance 1:1774.27

pivot point :1766.03

support 1:1758.07
support 2:1749.83
support 3:1741.87

[kakpay]

Technical analysis today:
H1 trend: down
Support: 1742.90
Resistance: 1752.60
The movement today gold moved down and tried to get close 1742.30

[raihan8212]

Gold prices fell in Asian trading on Monday as investors went long on the metal's traditional hedge, the dollar, over uncertainty as to whether or not Spain will request a bailout.

U.S. earnings season is gearing up, and investors sought safety in the greenback to see how companies performed in the third quarter of this year.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were down 0.87% at USD1,744.45 a troy ounce, up from a session low of USD1,743.85 and down from a high of USD1,746.35 a troy ounce.

Gold futures were likely to test support at USD1,739.35 a troy ounce, the low from Sept. 26, and resistance at USD1,774.95, Friday's high.

Uncertainty sent investors to the safety of the dollar on Monday.

Last week, Standard & Poor's said it lowered Spain's long-term credit rating to 'BBB-' from 'BBB+' and cut its short-term credit rating to 'A-3' from 'A-2'.

The ratings agency said Spain's deepening economic recession is limiting the Spanish government's policy options and added that rising unemployment and spending constraints are likely to fuel social discontent and contribute to friction between Spain's central and regional governments.

"In our view, the capacity of Spain's political institutions (both domestic and multilateral) to deal with the severe challenges posed by the current economic and financial crisis is declining," Standard & Poor's said in a statement.

The news prompted many investors to interpret the down****e as a tipping point pushing Madrid closer to requesting financial aid from its neighbors, which could spark a risk-on trading session that would send the dollar falling and gold rising alongside higher-yielding currencies and stocks.

A bailout would allow the European Central Bank to step in and buy Spanish sovereign debt in the secondary market, which would lower borrowing costs in the crisis-weary country.

Investors also stocked up on dollar positions on Monday as part of a wait-and-see trading session ahead of a flurry of data due out of the U.S. this week, including reports on retail sales, manufacturing activity, initial jobless claims and housing starts, among others.

Elsewhere on the Comex, silver for December delivery was down 1.40% and trading at USD33.198 a troy ounce, while copper for December delivery was down 0.54% and trading at USD3.675 a pound.

[Khan Mustafiz]

Wish to buy purchase and just viewing the activity, awaiting some excellent access if its able to hit the normal stage then we see some fast increase.

[ispgamer]

Gold moved on the good bearish movement on the last Friday.
Now, Gold is moving near the 1740.05 support level. If Gold can break this support, I think Gold will continue falling today and may reaches the lower support level at around 1719.66. But if Gold fail to break this support, Gold may reverse around here and go up to the 1759.04 resistance level.

[forexking2]

The price of gold ended last week passively follows it clear break to support the general bullish trend that shows the image of this day, which provides signals to the possibility that seeing a downward correction in the long intraday during the coming period.

[secret alibi]

http://i46.tinypic.com/debvpj.png
Gold has break below 1754 area indicating a
bearish bias targeting 1740 for nearest term
before testing 1730 area. Immediate
resistance is found around 1770 region
followed by 1780 area.

Resistance Level : 1770, 1780, 1795
Support Level : 1740, 1730, 1715
Trading Range : 1730 – 1770
Trend : Bearish

[yudijoni]

Gold dropped To Lowest Point Two Weeks "

Gold dropped to its lowest level in the last 2 weeks due to speculation that China may not need additional stimulus after inflation data reported and successful export estimates exceeded during the month of September.

Observed so far gold prices for December contract fell -0.47%, at $ 1,745.49, after reaching an intraday highs at $ 1,753.59, and the lowest level at $ 1,741.98 daily.

In addition the data uncertainty bailout Spain as well as U.S. economic data showing a rise in outside estimates also reduce the attractiveness of gold.

Most hedge funds and money managers have added to their gold positions to its highest level in 14 months, supported by gold's appeal as a hedge against inflation, amid expectations that the Fed and other central banks will keep pumping stimulus to stimulate growth.

However, data on U.S. consumer sentiment successful beyond estimation has added economic signals in the U.S. are beginning to improve, so the shrinking interest hedge against gold.

Separately, China's export data reports that more than doubled compared to expectations during the month of September also showed that the pace of the previous government's policy was sufficiently successful that additional stimulus measures may not have been too predictable.

Sources: MonexNews

[raihan8212]

Gold futures fell to the lowest level in almost three weeks during European morning hours on Monday, as uncertainty over Spain�s position on formally requesting a bailout from its euro zone partners persisted, boosting demand for the safe haven U.S. dollar.

A wave of technical selling further weighed after futures broke below a key support level.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,748.35 a troy ounce during European morning trade, falling 0.65%.

Prices declined by as much as 0.9% earlier in the session to hit a daily low of USD1,743.25 a troy ounce, the weakest level since September 26.

Gold futures were likely to find support at USD1,739.35 a troy ounce, the low from September 26 and resistance at USD1,781.55, the high from October 8.

The U.S. dollar was broadly higher against its major counterparts, as uncertainty over how soon Spain will formally request a bailout curbed demand for riskier assets.

The dollar index, which tracks the performance of the greenback against a basket of six other major currencies, was up 0.07% to trade at 79.85.

Gold prices often move inversely to the U.S. dollar, as gold becomes more expensive for buyers using other currencies.

Market players have been anticipating for the past month that the Spanish government would ask for a full-scale sovereign bailout.

A bailout would allow the European Central Bank to step in and buy Spanish sovereign debt, which would result in reduced borrowing costs for the debt-strapped nation.

But Spain has been reluctant to do so because it may come with conditions on its budget.

European Union policymakers will hold a two-day summit in Brussels starting on October 18 to discuss ways to firewall and extinguish the debt crisis as well as Greece's steps towards fiscal recovery.

Prices came under further pressure after breaking below key support levels close to the USD1,750-level, triggering fresh sell orders amid bearish chart signals.

The precious metal could see further losses in the near-term after having failed to break above the key USD1,800-level earlier in the month.

Gold futures rallied to an 11-month high of USD1,798.05 a troy ounce on October 5, boosted by ongoing expectations policymakers around the world will launch more stimulus to support the weak global economy.

Elsewhere on the Comex, silver for December delivery tumbled 1.15% to trade at USD33.29 a troy ounce, while copper for December delivery shed 0.2% to trade at USD3.696 a pound.

Official data released earlier showed that Chinese consumer prices rose 1.9% in September from the year-ago period, in line with expectations and down from 2.0% in August, while producer price inflation fell 3.6%, also in line with expectations.

The data came after a report over the weekend showed that Chinese exports grew 9.9% on the year in September, above expectations for a 5.5% gain. Imports rose 2.4% from a year earlier, in line with expectations.

Copper traders were now looking ahead to Chinese third quarter growth figures due out on October 18, to gauge whether the world second largest economy is heading towards a hard or a soft landing.

The Asian nation is the world�s largest copper consumer, accounting for almost 40% of world consumption last year.

[forexking2]

Gold tries to provide some positive trades and find the level of 1749.00 ceiling so strong now, while still neutral position existed until we have confirmation signals accurately for the next destination on the intraday and short term.

[shepon93]

Gold :
The trading ring for today is among the major sustain @ 1498 and the key of conflict @ 1511.
The general over short term basis is to the upside target 1511 as far as area of 1520 .

[winstead]

Gold trend down. Finding support in the range of 1741.00, if level low continues to come under pressure and successfully breached, can lead to bearish in the range of 1725.00.

[forexking2]

The trading range for this week is among the key support at 1720.00 and key resistance now at 1805.00.
The short term trend to the upside targeting 1945.00 per ounce consistently trading above the 1520.00 close of the week.

[Macintosh]

Well, the metal started to show a real signal a trend reversal is the breakdown of a very strong support in 1740 ... and the breakdown of the moving average with a period of 200, so now consider the movement of gold down with a stop at most 1748 and think it may fall to 1710 and below ...:woo:

[raihan8212]

Gold futures added to losses during U.S. morning hours on Monday, falling to the lowest level since mid-September after official data showed that U.S. retail sales rose more-than-expected in September, increasing for the third successive month.

Uncertainty over Spain�s position on formally requesting a bailout from its euro zone partners also weighed on sentiment, boosting demand for the safe haven U.S. dollar.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,737.45 a troy ounce during U.S. morning trade, tumbling 1.25%.

Prices declined by as much as 1.35% earlier in the session to hit a daily low of USD1,735.55 a troy ounce, the weakest level since September 13.

Gold futures were likely to find support at USD1,705.55 a troy ounce, the low from September 13 and resistance at USD1,774.95, the high from October 12.

The Commerce Department said earlier that retail sales rose by a seasonally adjusted 1.1% in September, beating expectations for a 0.8% increase.

Retail sales in August were revised up to a 1.2% gain from a previously reported increase of 0.9%.

Core retail sales, which exclude automobile sales, rose by 1.1%, outstripping expectations for a 0.6% increase.

The upbeat retail sales data reinforced the view that the U.S. economy is improving, raising concern the Federal Reserve might scale back its monetary easing measures.

The Fed announced last month that it will buy USD40 billion of mortgage-backed securities each month until the U.S. labor market improves.

A separate report showed that the New York Federal Reserve�s index of manufacturing conditions improved to minus 6.2 in October from minus 10.4 the previous month, but remained in contraction territory for the third consecutive month.

Meanwhile, investors were jittery as uncertainty over Spain�s position on formally requesting a bailout from its euro zone partners persisted.

Market players have been anticipating for the past month that the Spanish government would ask for a full-scale sovereign bailout.

A bailout would allow the European Central Bank to step in and buy Spanish sovereign debt, which would result in reduced borrowing costs for the debt-strapped nation.

But Spain has been reluctant to do so because it may come with conditions on its budget.

European Union policymakers will hold a two-day summit in Brussels starting on October 18 to discuss ways to firewall and extinguish the debt crisis as well as Greece's steps towards fiscal recovery.

The U.S. dollar was broadly higher against its major counterparts, with the dollar index, which tracks the performance of the greenback against a basket of six other major currencies, gaining 0.07% to trade at 79.85.

Gold prices often move inversely to the U.S. dollar, as gold becomes more expensive for buyers using other currencies.

Prices came under further pressure after breaking below key support levels close to the USD1,739-level, triggering fresh sell orders amid bearish chart signals.

The precious metal could see further losses in the near-term after having failed to break above the key USD1,800-level earlier in the month.

Gold futures rallied to an 11-month high of USD1,798.05 a troy ounce on October 5, boosted by ongoing expectations policymakers around the world will launch more stimulus to support the weak global economy.

Elsewhere on the Comex, silver for December delivery plunged 2.5% to trade at USD32.84 a troy ounce, while copper for December delivery fell 0.85% to trade at USD3.672 a pound.

Official data released earlier showed that Chinese consumer prices rose 1.9% in September from the year-ago period, in line with expectations and down from 2.0% in August, while producer price inflation fell 3.6%, also in line with expectations.

The data came after a report over the weekend showed that Chinese exports grew 9.9% on the year in September, above expectations for a 5.5% gain. Imports rose 2.4% from a year earlier, in line with expectations.

Copper traders were now looking ahead to Chinese third quarter growth figures due out on October 18, to gauge whether the world second largest economy is heading towards a hard or a soft landing.

The Asian nation is the world�s largest copper consumer, accounting for almost 40% of world consumption last year.

[monir111]

main ye string Gold ka conversation ka liye bana raha hain. sabhi users ko ya upload korana ke liye swagat korta hoon.

[forexlearn]

Gold I am really about fear about gold. Because I think gold is too much fast and took money from you or given you. SO I think if you have better deposit then you can do it other wise careful from Gold.

[Pioner3]

Gold after all still managed to break through the bottom of the channel is very strong convergence to the south, and even managed to overcome the 200 Rolling, immediate support from which to consider buying -1723.

[monir01]

today,Initial support at 1518 (May 27
low) followed by 1504 (May 23 low).
Initial resistance is now at 1550 (June
1 high) followed by 1577 (All time
high

---------- Post added at 11:26 PM ---------- Previous post was at 11:24 PM ----------

The trading rang for today is among
the major support @ 1498 and the
key of resistance @ 1511.
The general over short term basis is to
the upside targeting 1511 as far as
area of 1520

[hodhod2000]

The trading range for this week is expected among the key support at 1720.00 and key resistance now at 1805.00.
The short term trend is to the upside targeting 1945.00 per ounce as far as areas of 1520.00 remain intact with a weekly closing.

[smsobuj]

Gold trading allows the possibilities and marks for traders to make short sell and benefit from the falling market. Best part of gold trading is "margin trading" from brokerage platform. Thus allowing traders to leverage relatively small investment

[raihan8212]

Gold prices crept up in Asian trading on Tuesday as investors cautiously embraced risk early in the session on news U.S. retail sales beat expectations, ditching the safe-haven dollar in the process.

Weaker-than-expected U.S. factory offset gold's gains, allowing for choppy trading.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were up 0.01% at USD1,737.75 a troy ounce, up from a session low of USD1,736.85 and down from a high of USD1,739.75 a troy ounce.

Gold futures were likely to test support at USD1,730.15 a troy ounce, Monday's low, and resistance at USD1,750.55, Monday's high.

The dollar, which normally trades inversely with gold, weakened on news retail sales in the U.S. beat expectations, which fueled investor appetite for risk.

The Commerce Department reported earlier that retail sales rose by a seasonally adjusted 1.1% in September, outpacing market calls for a 0.8% increase.

Retail sales in August were revised up to a 1.2% gain from a previously reported increase of 0.9%.

Core retail sales, which exclude automobile sales, rose by 1.1%, beating expectations for a 0.6% increase.

The dollar, however, saw some demand on a report showing that manufacturing activity in New York state contracted for the third consecutive month, which marred the yellow metal's luster in the session.

The New York Federal Reserve's index of manufacturing conditions improved to -6.2 in October from -10.4 in September, but missed analysts' predictions for a reading of around -4.5

The dollar also saw support amid ongoing uncertainty as to whether or not Spain will seek a bailout.

Market talk says the country is growing closer to requesting rescue financing, though Madrid has yet to officially do as such, which continued to fuel uncertainty and gave the dollar support on Tuesday.

Spain will hold regional elections on Oct. 21, and investors are now assuming any decision to seek a rescue financing package will wait until after then.

Markets are keeping an eye on Greece as well, growing a little edgy as the country prepares for its next tranche of financial aid.

Elsewhere on the Comex, silver for December delivery was down 0.07% and trading at USD32.720 a troy ounce, while copper for December delivery was down 0.03% and trading at USD3.700 a pound.
.
Gold futures traded lower during U.S. afternoon hours Monday, falling to the lowest level since mid-September after official data indicated that U.S. retail sales rose more-than-expected in September, increasing for the third successive month.

Uncertainty over Spain�s position on formally requesting a bailout from its euro zone partners also weighed on sentiment, boosting demand for the safe haven U.S. dollar.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,738.75 a troy ounce during U.S. afternoon trade, tumbling 1.19%.

Prices declined by as much as 1.35% earlier in the session to hit a daily low of USD1,735.55 a troy ounce, the weakest level since September 13.

Gold futures were likely to find support at USD1,705.55 a troy ounce, the low from September 13 and resistance at USD1,774.95, the high from October 12.

The Commerce Department said earlier that retail sales rose by a seasonally adjusted 1.1% in September, beating expectations for a 0.8% increase.

Retail sales in August were revised up to a 1.2% gain from a previously reported increase of 0.9%.

Core retail sales, which exclude automobile sales, rose by 1.1%, outstripping expectations for a 0.6% increase.

The upbeat retail sales data reinforced the view that the U.S. economy is improving, raising concern the Federal Reserve might scale back its monetary easing measures.

The Fed announced last month that it will buy USD40 billion of mortgage-backed securities each month until the U.S. labor market improves.

A separate report showed that the New York Federal Reserve�s index of manufacturing conditions improved to minus 6.2 in October from minus 10.4 the previous month, but remained in contraction territory for the third consecutive month.

Meanwhile, investors were jittery as uncertainty over Spain�s position on formally requesting a bailout from its euro zone partners persisted.

Market players have been anticipating for the past month that the Spanish government would ask for a full-scale sovereign bailout.

A bailout would allow the European Central Bank to step in and buy Spanish sovereign debt, which would result in reduced borrowing costs for the debt-strapped nation.

But Spain has been reluctant to do so because it may come with conditions on its budget.

European Union policymakers will hold a two-day summit in Brussels starting on October 18 to discuss ways to firewall and extinguish the debt crisis as well as Greece's steps towards fiscal recovery.

The U.S. dollar was broadly higher against its major counterparts, with the dollar index, which tracks the performance of the greenback against a basket of six other major currencies, gaining 0.07% to trade at 79.85.

Gold prices often move inversely to the U.S. dollar, as gold becomes more expensive for buyers using other currencies.

Prices came under further pressure after breaking below key support levels close to the USD1,739-level, triggering fresh sell orders amid bearish chart signals.

The precious metal could see further losses in the near-term after having failed to break above the key USD1,800-level earlier in the month.

Gold futures rallied to an 11-month high of USD1,798.05 a troy ounce on October 5, boosted by ongoing expectations policymakers around the world will launch more stimulus to support the weak global economy.

Elsewhere on the Comex, silver for December delivery plunged 2.67% to trade at USD32.77 a troy ounce, while copper for December delivery fell 0.17% to trade at USD3.697 a pound.

[romannil]

Gold technical analysis for 16.10.2012 by using : Auto pivot indicator.

resistance 3:1775.70
resistance 2:1764.40
resistance 1:1750.50

pivot point :1739.20

support 1:1725.30
support 2:1714.00
support 3:1700.10

[zafir]

malleable and ductile metal. It is a chemical element with the symbol Au and atomic number 79. Gold has a bright yellow color and ...

[tradergalau]

Gold had broken the 1740.05 support level yesterday. So, I think it show that the down trend movement in Gold still strong enough. In my view, Gold still has a potential to continue falling today and if that happens, Gold may touches or hits the next support level at 1719.66.
http://i.imgur.com/wk1df.png

[Bieela_cute]

Elliott: extended impulse wave down 1729.43
It may meet resistance in 1737.30 - 1739.47 zone for a drift down to 1726.62 zone, after which bounce to 1750.14 is anticipated.
Technical points
Key point 1,728.1000
Entry point 1,738.7100
Elliott 1,774.8500
Closing 1,737.3000
Projection 1,720.0700
Trendline 1,756.8100
Trendline 1,731.2800
Supports / Resistances
Res 2 1,762.9900
Ex-High 1,752.3100
Res 1 1,750.1400
Pivot 1,739.4700
Sup 1 1,726.6200
Ex-Low 1,728.7900
Sup 2 1,715.9400

[secret alibi]

http://i.imgur.com/e84M7.png
Bias bearish in nearest term, a fall below 1727
area should test next support at 1715. Only a
clear break above 1740 area which should
trigger further bullish targeting 1750.

Resistance Level : 1740, 1750, 1760
Support Level : 1727, 1715, 1690
Trading Range : 1740 – 1715
Trend : Bearish

[ashaab]

http://i50.tinypic.com/2i9ngk.gif

The short term trend of the Gold is to the upside. Intraday trading range of the Gold is expected among key support at 1720.00 and key resistance at 1775.00. Based upon my chart analysis, I prefer to buying the Gold around 1725.00 with target 1.55.00 then 1790.00 and stoploss with four hour candle closing below 1710.00.

[VANDA_S]

http://i.imgur.com/iyhix.png
At the H4 chart, the price is below 12 EMA and 72 EMA indicates the trend is still down
21 RSI is below 50 indicates the trend is still down
Recommendation: SELL
Take profit: 1689

[kakpay]

Gold is currently testing the resistance amid medium term bearish channel in 1743. And is likely to initiate a decline. But if through this level will potentially large and reach the upper channel in 1761.
Technical indicators show no clear signal for resistance but do not penetrate, assuming drop is possible. Bollinger Bands much a result of the strong increase in prices today. Stabilization is expected in the near future.
Gold is currently testing the lower limit of the channel, we suggest two scenarios: the first is the hypothesis which we recommend sell a decrease in the level of 1743 with the first target in 1733 then in 1731. Translucent through 1746 would invalidate this scenario. The second scenario is the hypothesis through the resistance which we recommend "buy stop" which means buy gold soon pierce through resistance at 1743 with the first target at 1755 and then 1761. If penetrating through 1740 would invalidate this scenario.

[hodhod2000]

The trading range for today is expected among the key support at 1720.00 and key resistance now at 1775.00.
The short term trend is to the upside targeting 1945.00 per ounce as far as areas of 1520.00 remain intact with a weekly closing

[forexking2]

the price of gold shows trading sideways since the morning stable around 1737.00, while still trading relationship between the sensitive levels and that hold the keys to the next destination for gold.

[ahmed fakhry]

Price of gold suffered today a nasty spill recording its maximum fall in the past three months on concerns for global economy slowdown and in anticipation of the debates of candidates for the U.S. presidency. The October futures price of gold fell by $ 24.80 on the COMEX today and closed now is 1736.50 per troy ounce.

[winstead]

Condition of gold is currently in the range of strong support 1735. If prices are able to hold above that level then gold will go before the 1743 price level weakening again i think.

[hictor23]

XAU/USD
BUY
Enter :- 1737.00000
TP1 :- 1737.20139
TP2 :- 1737.40279
SL :- 1736.59726

Note this is just my attempt to predict the price could be right or wrong stop-loss order is very important must put always follow the trend

[amni570]

GOLD
BUY above = 1738 UPPER TARGET = 1743
SELL below = 1732 LOWER TARGET = 1727

SILVER
BUY above = 33.19 UPPER TARGET = 33.68
SELL below = 32.50 LOWER TARGET = 32.00

GBP/USD
BUY above = 1.60750 UPPER TARGET = 1.61000

---------- Post added at 03:35 PM ---------- Previous post was at 03:33 PM ----------

buy gold @1739 sl 600pts tp open 7:54

[ichsanz]

My analysis gold tomorrow will go to its bullish trend. because there is an event and candle pattern forms that say gold is not strong down. and the seller has meliquid position. so that all buyers enter the market .. we'll see tomorrow

[forexking2]

The trading range for today is among the key support at 1720.00 and key resistance now at 1775.00.
The short term trend to the upside targeting 1945.00 per ounce consistently trading above the 1520.00 close of the week.

[Bieela_cute]

Elliott: zigzag or flat correction 1757.25
Market should hold major support at 1737.77 before rising towards 1752.30 or even 1757.13 limit.
Warning: Low Zone - Harami
Technical points
Key point 1,753.3700
Entry point 1,744.7900
Elliott 1,728.7900
Closing 1,747.4800
Projection 1,757.2500
Trendline 1,742.1800
Trendline 1,739.5600
Supports / Resistances
Res 2 1,757.1300
Ex-High 1,748.3800
Res 1 1,752.3000
Pivot 1,743.5600
Sup 1 1,738.7400
Ex-Low 1,734.8200
Sup 2 1,730.0000

[raihan8212]

Gold futures traded higher during U.S. afternoon hours Tuesday, bouncing off the lowest level in a month as the U.S. dollar came under pressure on reports Spain was close to obtaining a bail out.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,746.15 a troy ounce during U.S. afternoon trade, gaining 0.49%.

Prices advanced by as much as 0.65% earlier in the session to hit a daily high of USD1,748.45 a troy ounce. Gold futures touched a low of USD1,730.15 a troy ounce on Monday, the weakest level since September 13.

Gold futures were likely to find support at USD1,705.55 a troy ounce, the low from September 13 and resistance at USD1,755.45, the high from October 14.

Sentiment strengthened after two senior German lawmakers indicated that they would support a Spanish application for a �precautionary credit line� from the European Stability Mechanism, the euro zone�s permanent bailout fund.

On Monday, Spanish government officials said they were exploring the option of requesting a credit line from the ESM, in order to satisfy the terms of the European Central Bank�s bond buying program, but then not using it, instead waiting for borrowing costs to fall.

Market players have been anticipating for the past month that the Spanish government would ask for a full-scale sovereign bailout.

A bailout would allow the ECB to step in and buy Spanish sovereign debt, which would result in reduced borrowing costs for the debt-strapped nation. But Spain has been reluctant to do so because it may come with conditions on its budget.

European Union policymakers will hold a two-day summit in Brussels starting on Thursday to discuss ways to firewall and extinguish the debt crisis as well as Greece's steps towards fiscal recovery.

The dollar index, which tracks the performance of the greenback against a basket of six other major currencies, declined 0.5% to trade at 79.39, the lowest since October 5.

Dollar weakness usually benefits gold, as it boosts the metal's appeal as an alternative asset and makes dollar-priced commodities cheaper for holders of other currencies.

Also Tuesday, the U.S. Labor Department said consumer prices rose by 0.6% in September, above expectations for a 0.5% gain on the back of higher gasoline prices.

Consumer prices, excluding food and energy costs, rose 0.1% last month, compared to expectations for a 0.2% increase. Core consumer prices eased up 0.1% in August.

Elsewhere on the Comex, silver for December delivery rose 0.56% to trade at USD32.92 a troy ounce, while copper for December delivery added 0.09% to trade at USD3.705 a pound.

Copper traders were looking ahead to Chinese third quarter growth figures due out on Thursday, to gauge whether the world second largest economy is heading towards a hard or a soft landing.

Official data released Monday showed that Chinese consumer prices rose 1.9% in September from the year-ago period, in line with expectations and down from 2.0% in August, while producer price inflation fell 3.6%, also in line with expectations.

The data came after a report over the weekend showed that Chinese exports grew 9.9% on the year in September, above expectations for a 5.5% gain. Imports rose 2.4% from a year earlier, in line with expectations.

The Asian nation is the world�s largest copper consumer, accounting for almost 40% of world consumption last year.

---------- Post added at 08:07 AM ---------- Previous post was at 08:02 AM ----------

Gold prices rose in Asian trading on Wednesday amid a global risk-on trading session after Moody's said it was sticking with Spain's debt ratings.

Moody's Investors Service confirmed Spain's Baa3 government bond rating as well as the country's short-term rating at (P)Prime-3.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were up 0.38% at USD1,752.95 a troy ounce, up from a session low of USD1,750.45 and down from a high of USD1,753.25 a troy ounce.

Gold futures were likely to test support at USD1,730.15 a troy ounce, Monday's low, and resistance at USD1,774.95, Friday's high.

Moody's assigned a negative outlook to the rating, though investors went long on higher-yielding currencies and sold off the dollar, gold's traditional hedge.

Hopes that Spain will request a bailout and become eligible to participate in the European Central Bank's bond-buying program sent the dollar falling, the euro rising and with it, gold prices as well.

Inflation data out of the U.S. sent the yellow metal posting further gains.

The U.S. Labor Department reported earlier that its month-on-month consumer price index rose by 0.6% in September, above expectations for a 0.5% gain basically due to higher gasoline prices.

Consumer prices rose at an annualized rate of 2.0% last month, compared to expectations for a 1.9% increase and up from 1.7% in August.

Core inflation rates, stripped of volatile food and energy prices, revealed the prices remain stable in the U.S.

Core inflation rates rose 2.0% on year, in line with expectations and up from 1.9% in August.

Month-on-month core inflation rates dropped 0.1% in September.

Elsewhere on the Comex, silver for December delivery was up 0.53% and trading at USD33.135 a troy ounce, while copper for December delivery was up 0.28% and trading at USD3.720 a pound.

[forex2011]

Gold trades in the Forex world or the world in general, which achieved huge profits due to the very high value in all the markets and its impact on the currency significantly, but there are some rumors that prohibits trade in goods such as gold and oil so there are a number of traders who deported them

[limom]

Gold, priced against the USD Index, as well as Silver, Oil, Platinum, ... Did gold really go up 2.70? No. ... Gold price Change due to Predominant Sellers

[romannil]

Gold technical analysis for 17.10.2012 by using : Auto pivot indicator .

resistance 3:1765.90
resistance 2:1756.95
resistance 1:1752.41

pivot point :1743.46

support 1:1738.92
support 2:1729.97
support 3:1725.43

[secret alibi]

http://i.imgur.com/m4M1C.png
Bias is neutral in nearest term as long as price
not broken MA 50 at 1743, another consistent
break and daily close below that area could
trigger bias bearish testing 1730 region,
Immediate resistence is seen aroud 1750,
break above that area should trigger further
bullish toward 1760 area.

Resistance Level : 1750, 1760, 1775
Support Level : 1743, 1730, 1715
Trading Range : 1730 – 1760
Trend : Neutral

[ashaab]

http://i48.tinypic.com/2rfshuo.gif

The short term trend of the Gold is to the upside. Intraday trading range of the Gold is expected among key support at 1720.00 and key resistance at 1775.00. Based upon my chart analysis, I prefer to buying the Gold around 1730.00 with target 1755.00 then 1790.00 and stoploss with four hour candle closing below 1710.00.

[forexking2]

Continued tendency bullish on gold price yesterday to approaching price the level of re-testing key support broken, which turned into resistance 1761.00, as we argue in our recent, we need to confirm the direction of the next by monitoring levels El between resistance mentioned and support 1731.00

[alskndry]

The previous candle on daily time frame, is an inside bar candle. Then, as we know, the break out of the high and low of insider candle, can show the next direction of the market. Now, we can see that Gold has broken the yesterday's high (high of inside bar candle). So, I think Gold may goes up today to the 1759.04 resistance level or even higher.

[kakpay]

Technical analysis today:
H1 trend: up
Support: 1746.10
Resistance: 1751.10
The movement today gold moves up and tried to get close 1751.50

[mahmoud mohamed tawfik]

long positions at 1754.1500 with 1763.2700 and 1772.6600 as next targets

the break out of 1746.3700 will call for arebound towards 1735.9100

[rasel4158]

:)))Gold has made a good recovery from the lows of 1624 and reached the target of 1671 today, but now looks tired, I hope that 1656 and 1646-1678 rear of feelings can be changed by and he can go back time 1706th.

[ahmed fakhry]

The Gold prices substantially grew today on weak dollar and the rising of the equity markets around the World. The October futures price of gold rose by $ 9.50 and recorded a high at the $1747.40 per troy ounce on COMEX.

[anowarbd]

Gold trading is much risky. Those who are not experienced enough should not practice gold trading. this is most risky trading which can be cause of sever lose. So we must be aware about gold trading.

[yudijoni]

Golden chance to continue to climb still open if consistently drove the 1744.36 level, the nearest target, FR 61.8% (1756.85) and FR 76.4% (1763.68) and the declining trend line (1765.85), if translucent 1744.36 level, will facilitate gold sag toward FR 23.6% (1739.36). Support strong, 1728.80. Area in anticipation of a bullish reversal is 1746.30 and 1744.36 VST. Areas to anticipate bearish reversal is 1756.85; 1763.68 and 1765.85.

[hictor23]

XAU/USD
sell
Enter :- 1748.97000
TP1 :- 1748.79878
TP2 :- 1748.62756
SL :- 1749.31247

Note this is just my attempt to predict the price could be right or wrong stop-loss order is very important must put always follow the trend

[David7]

While for the strong growth to overcome the resistance level 1754 and strengthened above the moving alligator that acted as resistance, then only we can expect the trend to resume the northern exit to the level of 1791.

[gandha]

http://files.monexnews.com/img.php/src/Gambar%20Teknikal%20Komoditi/emas17oktober2012.gif
News from Spain to revive sentiment towards risk pushing commodity prices rebound. The rumor that Spain will ask spread and return bailout gives positive sentiment to the market. Plus reports that debt ratings agency Moody's did not down****e Spanish debt also provides positive sentiment.

Data on German economic sentiment survey by the ZEW survey released yesterday afternoon at -11.5 and better than market expectations -15.0 also give positive sentiment to the market.

Gold prices managed to rebound to an area of ​​$ 1753 per troy ounce. This opens up further strengthening to the next resistance area around 1766. But the price of gold is still susceptible of correction, penetrating back support level 1739, could bring back the gold test support at 1727.

[winstead]

Movement correction of the sharp decline in the week appeared 1752.00-1753.00 area held strong. Now, the signal bearish trend visible transitions take place. The target can be a concern to be around 1742.00-1741.00.

[raihan8212]

Gold futures trimmed gains during U.S. morning hours on Wednesday, retreating from the highest level of the session following the release of significantly better-than-expected U.S. housing data.

The precious metal continued to draw support from a strong euro, which rallied to a one-month high against the U.S. dollar after Spain avoided a down****e to junk status by ratings agency Moody�s.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,748.85 a troy ounce during U.S. morning trade, adding 0.15%.

Prices rose by as much as 0.45% earlier in the session to hit a daily high of USD1,754.95 a troy ounce, the strongest level since October 15.

Gold futures were likely to find near-term support at USD1,730.15 a troy ounce, the low from October 15 and resistance at USD1,774.95, the high from October 12.

The Commerce Department said U.S. housing starts rose by 15% last month to a seasonally adjusted annual rate of 872,000 units, the fastest rate since July 2008 and easily outstripping expectations for a 2.7% increase.

Housing starts for August were revised up to 758,000 million units from a previously reported 750,000 million units.

Building permits grew by 11.6% to a 894,000-unit pace in September, while August's permits were unrevised at 801,000 units.

The upbeat housing data reinforced the view that the U.S. economy is improving, raising concern the Federal Reserve might scale back its monetary easing measures.

The Fed vowed in mid-September to buy USD40 billion in mortgage securities each month until the economy improves in a third round of what is known as quantitative easing, or QE3.

Moves in the gold price this year have largely tracked shifting expectations as to whether the U.S. central bank would pump more money into the financial system.

Prices were higher earlier in the session after rating agency Moody's affirmed its Baa3 investment ****e sovereign rating on Spain late Tuesday, easing fears of an imminent down****e to junk status.

In a report, Moody�s expressed confidence that reforms enacted by the Spanish government and support from the euro zone would ensure that Madrid had continued access to the credit market.

The yield on Spanish 10-year bonds fell to 5.49% following the announcement, the lowest level since April.

Speculation that the debt-strapped nation was moving closer to requesting a bailout further supported sentiment, after Spanish government officials said earlier in the week they were exploring the option of requesting a credit line from the European Stability Mechanism, in order to satisfy the terms of the European Central Bank�s bond buying program.

A bailout would allow the ECB to step in and buy Spanish sovereign debt, which would result in reduced borrowing costs for the debt-strapped nation. But Spain has been reluctant to do so because it may come with conditions on its budget.

European Union policymakers will hold a two-day summit in Brussels starting on Thursday to discuss ways to firewall and extinguish the debt crisis as well as Greece's steps towards fiscal recovery.

The euro rallied to a one-month high against the greenback on Moody�s decision, while the dollar index, which tracks the performance of the greenback against a basket of six other major currencies, declined 0.5% to trade at 79.02, the lowest since September 17.

Dollar weakness usually benefits gold, as it boosts the metal's appeal as an alternative asset and makes dollar-priced commodities cheaper for holders of other currencies.

Elsewhere on the Comex, silver for December delivery rose 0.1% to trade at USD32.99 a troy ounce, while copper for December delivery added 0.5% to trade at USD3.718 a pound.

Copper traders were looking ahead to Chinese third quarter growth figures due out on Thursday, to gauge whether the world second largest economy is heading towards a hard or a soft landing.

The Asian nation is the world�s largest copper consumer, accounting for almost 40% of world consumption last year.

[robiul alam]

Main ye thread GOLD ke discussion ke liye bana raha hain. Sabhi members ko ya post karne ke liye swagat karta hoon. good like forex work

[Bieela_cute]

Gold has finally done something after consolidation at the top of the multiyear range for several weeks. The sharp break has resulted in a test of the 23.6% retracement of the advance from the late 2011 low. The area is also defined by September congestion. This is a level that could produce a low although 1715 (9/13 low) is probably stronger. The drop has shifted reward/risk to bulls against the 9/7 low at 1689.� Near term, gold faces a test at 1754. Support is now 1737.

LEVELS: 1715 1728 1737 1754 1770 1780

[ispgamer]

Gold on consolidation, the price move so slow. but, after I see to the MACD condition on 4H TF = this look still to Up bulls again if then buyer can break up to more price 1753.20. So, if that happen search for Buy here :)

[romannil]

Gold technical analysis for 18.10.2012 by using : Auto pivot indicator.

resistance 3:1765.24
resistance 2:1759.28
resistance 1:1754.56

pivot point :1748.60

support 1:1743.88
support 2:1737.92
support 3:1733.20

[raihan8212]

Gold prices gave back earlier gains amid profit-taking during Asian trading on Thursday, as investors looked beyond a Moody's decision to stick with Spain's debt ratings.

Moody's Investors Service confirmed Spain's Baa3 government bond rating as well as the country's short-term rating at (P)Prime-3 earlier this week.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were down 0.16% at USD1,750.25 a troy ounce, up from a session low of USD1,749.45 and down from a high of USD1,751.35 a troy ounce.

Gold futures were likely to test support at USD1,744.15 a troy ounce, Wednesday's low, and resistance at USD1,754.95, Wednesday's high.

Moody's assigned a negative outlook to Spain's rating, though investors went long on higher-yielding currencies and sold off the dollar, gold's traditional hedge, amid a global risk-on trading session.

Market talk that Spain is growing closer to formally requesting financial assistance from its European neighbors bolstered gold as well.

Solid housing data out of the U.S. enticed investors to come out of safe-haven dollar positions, which sent gold gaining before profit-taking kicked in.

The U.S. Census Bureau reported earlier that housing starts rose 15% in September to a seasonally adjusted 872,000 units, far surpassing market calls for a 2.7% increase to 770,000.

The U.S. government added that the number of building permits issued in September rose 11.6% to a seasonally adjusted 894,000, beating out expectations for a 1.1% gain to 810,000.

Elsewhere on the Comex, silver for December delivery was down 0.19% and trading at USD33.168 a troy ounce, while copper for December delivery was down 0.07% and trading at USD3.742 a pound.

[ashaab]

http://i50.tinypic.com/1h7z12.gif

The short term trend of the Gold is to the upside. Intraday trading range of the Gold is expected among key support at 1720.00 and key resistance at 1775.00. Based upon my chart analysis, I prefer to buying the Gold around 1735.00 with targets 1755.00, 1775.00 then 1790.00 and stoploss with four hour candle closing below 1720.00.

[forexking2]

The price of gold continued trading side that are keeping him steady near 1750.00, while the price is still stuck between the central levels have been clarified in our technical reports yesterday.

[secret alibi]

http://i.imgur.com/J9x3f.png
Bias remains neutral in nearest term, break
above 1753 area should change bullish bias
targeting 1760 Immediate support is found
around 1743 break below this area could
trigger further bearish momentum testing
1734 region.

Resistance Level : 1753, 1760, 1775
Support Level : 1743, 1734, 1728
Trading Range : 1734 – 1760
Trend : Neutral

[hictor23]

XAU/USD
sell
Enter :- 1749.51000
TP1 :- 1749.71418
TP2 :- 1749.91838
SL :- 1749.10167

Note this is just my attempt to predict the price could be right or wrong stop-loss order is very important must put always follow the trend

[raihan8212]

Gold futures edged lower during European morning hours on Thursday, as investors were cautious ahead of the start of a two-day summit of European leaders later in the day, amid ongoing concerns over Spain and Greece.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,747.85 a troy ounce during European morning trade, shedding 0.3%.

Prices fell by as much as 0.4% earlier in the session to hit a daily low of USD1,746.85 a troy ounce.

Gold futures were likely to find near-term support at USD1,730.15 a troy ounce, the low from October 15 and resistance at USD1,774.95, the high from October 12.

Investors were looking ahead to the start of a two-day European Union summit on Thursday, although no major announcements on Spain or Greece were expected.

Market players have been anticipating for the past month that the Spanish government would ask for a full-scale sovereign bailout.

A bailout would allow the ECB to step in and buy Spanish sovereign debt, which would result in reduced borrowing costs for the debt-strapped nation. But Spain has been reluctant to do so because it may come with conditions on its budget.

The yield on Spanish 10-year government bonds was at a multi-month low of 5.47% ahead of an auction of Spanish government debt later in the session.

A stronger U.S. dollar weighed on the precious metal, as investors piled in to the relative safety of the greenback. The dollar index, which tracks the performance of the greenback against a basket of six other major currencies, advanced 0.15% to trade at 79.19.

A stronger U.S. dollar usually weighs on gold, as it dampens the metal's appeal as an alternative asset and makes dollar-priced commodities more expensive for holders of other currencies.

Also Thursday, official data showed that the Chinese economy expanded by 7.4% in the three months to October, matching economists� forecasts.

Other key China reports, including retail sales and industrial output figures also beat forecasts, easing fears over a �hard landing� in the world�s second largest economy and dampening hopes for near-term monetary easing.

The data came one day after a report showing that U.S. housing starts rose by 15% in September, the fastest pace since July 2008, adding to hopes that the U.S. economic recovery is gaining momentum.

The upbeat housing data reinforced the view that the U.S. economy is improving, raising concern the Federal Reserve might scale back its monetary easing measures.

Elsewhere on the Comex, silver for December delivery fell 0.45% to trade at USD33.08 a troy ounce, while copper for December delivery dipped 0.2% to trade at USD3.742 a pound.

[ahmed fakhry]

The Gold prices were generally following the currency markets, therefore had a positive dynamics, but investors were inactive due to announce of the pending decisions of EU summit, which starts on Thursday. The good news for gold was that the Gold Fields company, the South African gold producer announced the completion of an unauthorized strike at the mines in South Africa. Also, the gold’s ETF rose by 16,700 ounce on Tuesday confirming demand for an asset. The November futures of gold grew by $ 7.80 to $1752.90 per troy ounce on COMEX today.

[Bieela_cute]

Elliott: zigzag or flat correction 1757.25
Current rise should end around 1754.85. Objectives of this downmove are 1744.14 or 1738.17. A rise above 1759.60 is again bullish.
Warning: Low Zone - Imminent end of bullish move
Technical points
Key point 1,753.7300
Entry point 1,750.6300
Elliott 1,728.7900
Closing 1,750.1100
Projection 1,757.2500
Trendline 1,743.9000
Trendline 1,751.0100
Supports / Resistances
Res 2 1,759.6000
Ex-High 1,753.6300
Res 1 1,754.8500
Pivot 1,748.8800
Sup 1 1,744.1400
Ex-Low 1,742.9100
Sup 2 1,738.1700

[forexking2]

Trades and narrow side control the movement of the price of gold since the morning, and this is what makes us continue in according to what we have in our previous report pending more accurate signals of the next trend.

[gandha]

Risk sentiment is still maintained by the improving U.S. housing data released overnight and Chinese economic data released this morning. Data permission to build homes in the U.S. rose from 800 thousand to 890 thousand last month. And Chinese data released this morning, even though China's GDP growth in the 3rd quarter released by 7.4% lower than the 7.6% the previous quarter but an increase in industrial production of 9.2% from the previous 8.9%.

Market players are still optimistic about the results of the EU economic summit that will take place today until tomorrow and this summit will be in focus of market participants in the two-day event.

The price of gold held in the resistance around $ 1752-53 per troy ounce, but the decline was also maintained by the support in the range of 1742. Consolidation is likely to happen until the release of the report on the discussions that took place at the summit. Penetration resistance would bring gold to the area in 1764 while weakening down area of ​​1742 could bring gold down to the 1727 area.

U.S. jobless benefits claims data will also be a market mover. When the data was better than expected 367 thousand dollars potentially higher return and will suppress the gold price.

[Pioner3]

Technically, gold looks to the south, and from him I expect the formation of the southern mid-wave, one has only to look at the weekly chart, it can be seen a retreat from the long-term resistance line in 1784 with candle confirmations and additional signals MASD /.

[Bieela_cute]

19 Oktober 2012
Elliott: flat correction down 1730.60
Market should not go lower than 1739.76 - 1735.57. After this move down it should go up to 1746.80 - 1749.66 area.
Warning: Low Zone
Technical points
Key point 1,740.4100
Entry point 1,746.0300
Elliott 1,753.6300
Closing 1,741.3000
Projection 1,728.7900
Trendline 1,752.3100
Trendline 1,750.9900
Supports / Resistances
Res 2 1,758.0300
Ex-High 1,752.3100
Res 1 1,749.6600
Pivot 1,743.9400
Sup 1 1,735.5700
Ex-Low 1,738.2200
Sup 2 1,729.8500

[kakpay]

Major conditions: bearish trend, momentum yesterday signaled a huge seller and still be able to enter the target demand zone next.

Until this weekend, it appears that the gold price will be around the zone's demand is still fresh. It's wise to be a seller.

[secret alibi]

http://picturestack.com/626/73/f2kgoldqPj.png
Bias is still neutral ini nearest term. Immediate resistence is found at 1748 region as MA 50 on chart 1H, a clear break above this area could trigger further bullish at 1755 area. Immediate support is seen at 1735 area, a clear break below this area should trigger further bearish at 1728 area.
Resistance Level : 1748, 1755, 1765
Support Level : 1735, 1728, 1715
Trading Range : 1728 – 1755
Trend : Neutral

[romannil]

Gold technical analysis for 19.10.2012 by using : Auto pivot indicator.

resistance 3:1764.57
resistance 2:1758.63
resistance 1:1753.97

pivot point :1748.03

support 1:1743.37
support 2:1737.43
support 3:1732.77

[ashaab]

http://i47.tinypic.com/30il40n.gif

The short term trend of the Gold is to the upside. Intraday trading range of the Gold is expected among key support at 1720.00 and key resistance at 1775.00. Based upon my chart analysis, I prefer to buying the Gold around 1730.00 with targets 1755.00. 1775.00 then 1790.00 and stoploss with four hour candle closing below 1720.00.

[waqar arif]

Main ye thread GOLD ke discussion ke liye bana raha hain. Sabhi members ko ya post karne ke liye swagat karta hoon.

i think the gold is going down and there is down trend in the gold so i am right now thinking that eventually it would rise and when i had some clue about the rise propable i would like to buye it ...thats how i am thinking right now about the situation of the gold.

[raihan8212]

Gold futures were lower in Asian trade on Friday.

On the Comex division of the New York Mercantile Exchange, Gold futures for December delivery traded at USD1738.35 a troy ounce at time of writing falling 0.36%.

It earlier traded at a session low USD1736.85 a troy ounce. Gold was likely to find support at USD1730.15 and resistance at USD1754.95.

US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, rose 0.00% to trade at USD79.42.

Elsewhere on the Comex, Silver for December delivery fell 0.47% to trade at USD32.715 a troy ounce while Copper for December delivery fell 0.45% to trade at USD3.713 a pound.

[kakpay]

The price of gold is still under pressure from the resistance can not exceed 1753 two days ago and again in 1742 through the support yesterday. Now the price is moving around 1736. This opens up the potential for weakening gold price back to test the next support level at 1727. When the level of 1727 persist, gold could rebound back up area 1742. While the 1727 penetration level will bring gold into an important support in 1700.

[alskndry]

Gold has broken the support level at 1740.05. So, I think the bearish sentiment still occur on Gold. I think Gold will fall and has a potential to touch the next support level at around 1719.66

[Bieela_cute]

Gold was trading lower at 1737.72 at the time of writing as an improvement in economic data from the U.S. to China damped speculation of more stimuli around the world, reducing demand for bullion as an alternative investment. Today, investors should monitor the key risk event; the Existing Home Sales in the U.S to get visibility on the commodity. In addition, European leaders will conclude a two-day meeting in Brussels after committing yesterday to their goal of creating a regional bank supervisor by year-end, putting the region closer to being able to provide direct bank aid from its firewall fund. That will set the stage for talks on how to handle failing banks and exploration of cost-sharing strategies, said European Union Economic and Monetary Affairs Commissioner Olli Rehn. The latest development from the EU summit will affect the overall market sentiments. Investors should be very prudent and should closely monitor the trend of the USD to further indication on the movement of the yellow metal, as the USD and gold often trade inversely to each other. The resistance level is at 1752.06 and the support level is at 1737.82.

[ichsanz]

The trading range for today is among the key support at 1720.00 and key resistance now at 1775.00.
The short term trend to the upside targeting 1945.00 per ounce consistently trading above the 1520.00 close of the week.

My analysis gold .. if it breaks today's low .. he will continue to go down .. and in failing to weekly candle candle pattern Hammer .. so that the reversal did not fail .. and will be continued trend down

[ahmed fakhry]

The futures of Gold fell today after the data from China were in line with the forecasts thus confirmed the increase in Chinese economic growth. The issue might ease the pressure on the government to announce new measures for stimulating the economy. The November futures of gold dropped to $1737.80 dollars per troy ounce on COMEX today.

[hictor23]

XAU/USD
sell
Enter :- 1742.80000
TP1 :- 1742.99978
TP2 :- 1743.19957
SL :- 1742.40047

Note this is just my attempt to predict the price could be right or wrong stop-loss order is very important must put always follow the trend

[forexking2]

gold price tries knock on the door of further bearish correction through further bearish pressure which puts him at 1731.00, while waiting for daily closing and clear without the mentioned level to confirm the further decline or above 1762.00 for the return of the general tendency to bullish price.

[raihan8212]

Gold futures traded lower in European trade Friday as mixed U.S. economic data on Thursday combined with anticipation over the outcome of the Brussels meeting weighed on the yellow metal.

On the Comex division of the New York Mercantile Exchange, Gold futures for December delivery traded at USD1734.75 a troy ounce during European trade falling 0.59%.

It earlier traded at a session low USD1736.85 a troy ounce. Gold was likely to find support at USD1730.15 and resistance at USD1754.95.

Starting the conflicting data on Thursday, the Federal Reserve Bank of Philadelphia said that its manufacturing index improved by 7.6 points to 5.7 in October from September�s reading of minus 1.9.

Analysts had expected the index to improve by 2.9 points to a reading of 1.0 in October.

The report came after the U.S. Department of Labor said the number of individuals filing for initial jobless benefits last week rose by 46,000 to a seasonally adjusted 388,000, compared to expectations for an increase of 23,000 to 365,000.

The previous week�s figure was revised up to 342,000 from a previously reported 339,000, which was the lowest reading since February 2008.

Meeting on Thursday in Brussels, European leaders made some progress towards establishing a single banking supervisor for the currency bloc, but, as expected, talked little about immediate plans for debt-ridden problem members, Spain and Greece.

Investors are anticipating the outcome of the second day of talks with much speculation of the results.

The stronger U.S. dollar also added to the commodity bearishness on the session.

US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, advanced 0.11% to trade at USD79.50.

Elsewhere on the Comex, Silver for December delivery plunged 1.48% to trade at USD32.383 a troy ounce while Copper for December delivery gave back 1.27% to trade at USD3.695 a pound.

[gandha]

although the outline said that gold is always the potential to go up, but in 2 days it has been shown that gold to further reduce the bias of the uptrend going, because it's a long-term sell signal for gold

[winstead]

Technically, gold is still going to move down correction, the current state of gold is reaching key support at 1735 prices. Break down those levels then gold will go to 1714 price levels.

[Pioner3]

Gold fell heavily in a place with other metals, the trend has really changed, now you can catch a lot of the small northern correction until the sale lick late, gold can safely expect about 1700, while it is the strongest level of support.

[raihan8212]

Gold prices dropped in U.S. trading on Friday after investors stocked up on the precious metal's hedge, the dollar, in wake of soft housing data and a lack of direction on Spain and its plans to request a bailout or not.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were down 1.21% at USD1,723.65 a troy ounce, up from a session low of USD1,716.95 and down from a high of USD1,744.25 a troy ounce.

Gold futures were likely to test support at USD1,716.95 a troy ounce, the earlier low, and resistance at USD1,744.25, the earlier high.

A risk-off trading session sent gold falling.

U.S. existing home sales fell in September but in line with expectations, industry data revealed on Friday.

In a report, the National Association of Realtors said that home sales fell 1.7% to 4.75 million from 4.83 million in August, whose figure was revised up from 4.82 million.

Analysts had expected existing home sales to fall to 4.75 million last month.

While in line with expectations, the report stoked bearish sentiments on Wall Street and sent investors chasing the dollar, ditching higher-yielding currencies and gold in the process.

Earnings fueled the risk-off trading session even more.

Microsoft reported late Thursday that its third-quarter net income fell 22% to USD4.47 billion, which missed expectations, while revenue fell 8% on year to USD16.01 billion.

General Electric, meanwhile, reported earlier that its third-quarter net income rose 8% to USD3.49 billion, while revenue rose 3% to USD36.35, missing market expectations.

"The global economy is uncertain, and we are prepared for a variety of economic outcomes," GE CEO Jeffrey Immelt said in a statement.

"We will continue to invest to win in our markets, while aggressively managing our overall cost structure."

Search giant Google released earnings earlier than planned late Thursday, which sparked confusion, and missed estimates as well.

Uncertainty out of Europe pressured the yellow metal down as well.

Meanwhile in Europe, Spanish Prime Minister Mariano Rajoy said his government felt it was under no pressure to seek a bailout, which pushed the euro down further.

Requesting financial assistance would allow Spain to tap the European Central Bank's bond-buying program, which would lower yields in Spanish government debt auctions and ease credit conditions in the country.

Meanwhile, E.U. policymakers were wrapping up a summit in Brussels, and while hopes began to build the currency zone may be coming closer to setting up a banking union, no word on Spain kept investors in the safe-haven dollar and away from gold.

Elsewhere on the Comex, silver for December delivery was down 2.21% and trading at USD32.142 a troy ounce, while copper for December delivery was down 2.84% and trading at USD3.637 a pound.

[Bieela_cute]

GOld Next Week
Elliott: elongated flat correction down 1707.13
It may meet resistance in 1722.40 - 1730.73 zone for a drift down to 1707.83 zone, after which bounce to 1745.29 is anticipated.
Warning: Imminent end of bearish move
Technical points
Key point 1,709.8900
Entry point 1,724.9300
Elliott 1,796.0000
Closing 1,722.4000
Projection 1,700.1400
Trendline 1,752.3000
Trendline 1,732.4500
Supports / Resistances
Res 2 1,768.1900
Ex-High 1,753.6300
Res 1 1,745.2900
Pivot 1,730.7300
Sup 1 1,707.8300
Ex-Low 1,716.1700
Sup 2 1,693.2700

[Macintosh]

like gold in the same Makarov will grow in the opposite direction .. looms channel down ... now closed the trading week at 1720, which was previously worked well ... so I think that the breakdown of the entry will open the way down to the lower 1680 ...

[amni570]

GOLD
BUY above = 1752.93 UPPER TARGET = 1756
SELL below = 1749.89 LOWER TARGET = 1746.80

[Bieela_cute]

Elliott: extension wave down 1707.57
One more dip to 1719.28 - 1711.20 is likely followed by a grind higher to 1732.97 - 1738.57. After which it can resume its downtrend.
Warning: Imminent end of bearish move
Technical points
Key point 1,717.7000
Entry point 1,730.6400
Elliott 1,753.6300
Closing 1,722.4000
Projection 1,713.4400
Trendline 1,745.0700
Trendline 1,734.7700
Supports / Resistances
Res 2 1,754.7400
Ex-High 1,743.5400
Res 1 1,738.5700
Pivot 1,727.3700
Sup 1 1,711.2000
Ex-Low 1,716.1700
Sup 2 1,700.0000

[tradergalau]

Gold: The futures of Gold fell today after the data from China were in line with the forecasts thus confirmed the increase in Chinese economic growth. The issue might ease the pressure on the government to announce new measures for stimulating the economy. The November futures of gold dropped to $1737.80 dollars per troy ounce on COMEX today.

[romannil]

Gold technical analysis for 22.10.2012 by using : Auto pivot indicator.

resistance 3:1763.90
resistance 2:1753.30
resistance 1:1737.00

pivot point :1726.40

support 1:1710.10
support 2:1699.50
support 3:1683.20

[raihan8212]

Gold prices extended Friday's losses into Monday after investors stocked up on the precious metal's hedge, the dollar, in wake of soft U.S. housing data and a lack of direction on Spain and its plans to request a bailout or not.

Japanese trade balance data and soft U.S. third-quarter earnings reports pushed gold lower as well.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were down 0.18% at USD1,720.85 a troy ounce, up from a session low of USD1,718.65 and down from a high of USD1,721.15 a troy ounce.

Gold futures were likely to test support at USD1,716.95 a troy ounce, the earlier low, and resistance at USD1,744.25, the earlier high.

A risk-off trading session sent gold falling.

U.S. existing home sales fell in September but in line with expectations, industry data revealed on Friday.

In a report, the National Association of Realtors said that home sales fell 1.7% to 4.75 million from 4.83 million in August, whose figure was revised up from 4.82 million.

Analysts had expected existing home sales to fall to 4.75 million last month.

While in line with expectations, the report watered down appetite for risk and sent investors chasing the dollar, ditching higher-yielding currencies and gold in the process.

Earnings fueled the risk-off trading session even more.

Microsoft reported last week that its third-quarter net income fell 22% to USD4.47 billion, which missed expectations, while revenue fell 8% on year to USD16.01 billion.

General Electric, meanwhile, reported earlier that its third-quarter net income rose 8% to USD3.49 billion, while revenue rose 3% to USD36.35, missing market expectations.

Search giant Google released earnings earlier than planned late Thursday, which sparked confusion, and missed estimates as well.

Uncertainty out of Spain continued to pressure the yellow metal down as well.

Spanish Prime Minister Mariano Rajoy said his government felt it was under no pressure to seek a bailout, which pushed the euro down further.

Requesting financial assistance would allow Spain to tap the European Central Bank's bond-buying program, which would lower yields in Spanish government debt auctions and ease credit conditions in the country.

Japanese trade figures boosted the dollar and weakened gold as well.

In a report, the Ministry of Finance said that the country�s trade balance fell to a seasonally adjusted -0.98T, from -0.46T in the preceding month whose figure was revised up from -0.47T.

Analysts had expected the trade balance to fall -0.74T last month.

Elsewhere on the Comex, silver for December delivery was down 0.42% and trading at USD31.962 a troy ounce, while copper for December delivery was up 0.18% and trading at USD3.639 a pound.

[yudijoni]

In early U.S. session back in gold prices declined to the level of 1716.45, the lowest since early September. The decline was temporarily suspended by the 38.2% Fibonacci retracement level of its 1716.90.Potensi further reductions will target the 1710.60 area until 1692.

Until this analysis is derived has not seen indications of impending rebound. Intraday resistance is at 1728.80 and apparently this area will not be easy to penetrate as intraday correction occurs.

[forexking2]

Trading price of gold stabilized without 1731.00, opens the door to further price downside correction, which now targeting levels 1700.00-1692.00

[gandha]

I think this is the best position to make a buy order pair back because gold has been on a low area daily, and this allows to happen reversal to go up again in the short term advance

[liso]

This is still the perfect commodity to trade so fir i know it may be a bit hecktic but all the same the heckticness is also soo much that you can choos not to trade it any more.gold is a super commodity.

[ashaab]

http://i45.tinypic.com/vwzojs.gif

The short term trend of the Gold is to the upside. Intraweek trading range of the Gold is expected among key support at 1685.00 and key resistance at 1780.00. Based upon my chart analysis, I prefer to buying the Gold around 1715.00 with targets 1735.00, 1755.00 then 1780.00 and stoploss with four hour candle closing below 1700.00.

[secret alibi]

http://i.imgur.com/54QqE.png
Bias bearish in nearest term, especially if daily
close below 1716, a clear break below this
area could trigger further bearish aiming
1700. Immediate resistance is seen around
1728, a clear break above that area will cancel
outlook bearish toward 1740.

Resistance Level : 1728, 1740, 1750
Support Level : 1716, 1700, 1685
Trading Range : 1700 – 1728
Trend : Bearish

[forexking2]

Expected trading range for this week between: support at 1685.00 and resistance 1762.00
General tendency is Expected for this week: Down, what is not breached 1731.00

[Jobs]

Yes indeed gold continues to fall and now paint a very bad rounding, so that it is possible to sell a short stop, and expect that the trend will continue and prices will reach below 1713 ....

[hictor23]

XAU/USD
BUY
Enter :- 1714.85000
TP1 :- 1714.66110
TP2 :- 1714.47220
SL :- 1715.22784

Note this is just my attempt to predict the price could be right or wrong stop-loss order is very important must put always follow the trend

[andi1681]

Yes on in resent time Forex treading system is valuable tan gold because we all know that it is a money a mking treading system and a lots of people are working here.

[VANDA_S]

http://i.imgur.com/omtWB.png

At the H4 chart, the price is dibawah12 EMA and 72 EMA indicates the trend is still down
21 RSI is below 50 indicates the trend is still down
Recommendation: SELL
Take profit: 1680

[winstead]

Gold has now reached the level of price support D1 in 1714. If gold was not able to break up then gold will go back down to the level of 1716 prices again. But if gold were able breakup 1731 then gold will go before the 1741 price level back down i think.

[Robi]

Of gold can be seen formed a bearish channel, today there was a retreat from its lower boundary and the price went to the northern correction, but the underlying trend continues to the south, you need to wait for the correction (from the top of the channel or the resistance of 1733.80) to sales.

[raihan8212]

Gold futures edged up from the lowest level in six weeks during U.S. morning hours on Monday, as hopes that Spain is moving closer to requesting a bailout supported the euro.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,726.65 a troy ounce during U.S. morning trade, easing up 0.15%.

Prices held in tight trading range of USD1,728.75 a troy ounce, the daily high and a session low of USD1,718.65 a troy ounce, the cheapest level since September 7.

Gold prices were likely to find support at USD1,688.85 a troy ounce, the low from September 7 and resistance at USD1,754.95, the high from October 17.

The euro found support after Spanish regional election results indicated support for the austerity policies of Prime Minister Mariano Rajoy.

The center-right Popular Party of Prime Minister Rajoy increased its majority in his home region of Galicia on Sunday, removing a possible obstacle to formally requesting a bailout from Spain�s euro zone partners.

A bailout request by Spain would activate the European Central Bank�s bond purchasing scheme, aimed at lowering high peripheral bond yields in the euro zone.

Prime Minister Rajoy said Friday he still had not decided whether to request a sovereign bailout.

The dollar index, which tracks the performance of the greenback against a basket of six other major currencies, was down 0.15% to trade at 79.59.

A stronger U.S. dollar usually weighs on gold, as it dampens the metal's appeal as an alternative asset and makes dollar-priced commodities more expensive for holders of other currencies.

Prices were lower earlier in the session, as some technical selling weighed after prices broke below key support levels close to their 50-day moving average, painting bearish chart patterns.

The precious metal could see further losses in the near-term after having failed to break above the key USD1,800-level earlier in the month.

Gold futures rallied to an 11-month high of USD1,798.05 a troy ounce on October 5, boosted by ongoing expectations policymakers around the world will launch more stimulus to support the weak global economy.

Markets may stay subdued ahead of the release later in the week of U.S. data including monthly new home sales, durable goods orders and third-quarter GDP figures.

Investors are also turning their attention to the Federal Reserve's policy meeting on Tuesday and Wednesday after the central bank announced its third round of quantitative easing last month.

Moves in the gold price this year have largely tracked shifting expectations as to whether the U.S. central bank would pump more money into the financial system.

Elsewhere on the Comex, silver for December delivery added 0.65% to trade at USD32.30 a troy ounce, while copper for December delivery shed 0.5% to trade at USD3.619 a pound.

[Bieela_cute]

This is a level that could produce a low although 1715 (9/13 low) is probably stronger. The drop has shifted reward/risk to bulls against the 9/7 low at 1689.” Gold slipped just below 1715 today before rallying over $10. At least a short term low appears to be in place and focus is higher towards 1753.

LEVELS: 1691 1700 1713 1754 1770 1780

[romannil]

Gold technical analysis for 23.10.2012 by using : Auto pivot indicator.

resistance 3:1748.57
resistance 2:1738.53
resistance 1:1733.07

pivot point :1723.03

support 1:1717.57
support 2:1707.53
support 3:1702.07

[samsiah]

Gold in this time test middle resistance of middle meter bearish channel in 1.729. Seems possible that it start de****ation. But, breakthrough of level the will free tired and big potency of boundary of channel in 1.740.

[raihan8212]

Gold futures traded higher in U.S. afternoon hours Monday, as Spanish bailout speculation lent support to the single currency.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,728.95 a troy ounce during U.S. afternoon trade, climbing 0.30%.

Gold prices were likely to find support at USD1,688.85 a troy ounce, the low from September 7 and resistance at USD1,754.95, the high from October 17.

The euro found support after Spanish regional election results indicated support for the austerity policies of Prime Minister Mariano Rajoy.

The center-right Popular Party of Prime Minister Rajoy increased its majority in his home region of Galicia on Sunday, removing a possible obstacle to formally requesting a bailout from Spain�s euro zone partners.

A bailout request by Spain would activate the European Central Bank�s bond purchasing scheme, aimed at lowering high peripheral bond yields in the euro zone.

Prime Minister Rajoy said Friday he still had not decided whether to request a sovereign bailout.

The dollar index, which tracks the performance of the greenback against a basket of six other major currencies, was down 0.15% to trade at 79.59.

A stronger U.S. dollar usually weighs on gold, as it dampens the metal's appeal as an alternative asset and makes dollar-priced commodities more expensive for holders of other currencies.

Prices were lower earlier in the session, as some technical selling weighed after prices broke below key support levels close to their 50-day moving average, painting bearish chart patterns.

The precious metal could see further losses in the near-term after having failed to break above the key USD1,800-level earlier in the month.

Gold futures rallied to an 11-month high of USD1,798.05 a troy ounce on October 5, boosted by ongoing expectations policymakers around the world will launch more stimulus to support the weak global economy.

Markets may stay subdued ahead of the release later in the week of U.S. data including monthly new home sales, durable goods orders and third-quarter GDP figures.

Investors are also turning their attention to the Federal Reserve's policy meeting on Tuesday and Wednesday after the central bank announced its third round of quantitative easing last month.

Moves in the gold price this year have largely tracked shifting expectations as to whether the U.S. central bank would pump more money into the financial system.

Elsewhere on the Comex, silver for December delivery added 1.04% to trade at USD32.43 a troy ounce, while copper for December delivery shed 0.5% to trade at USD3.619 a pound.

---------- Post added at 11:01 AM ---------- Previous post was at 10:52 AM ----------

Gold prices rose on Tuesday after regional election results in Spain rekindled hopes Madrid will request a bailout, which sent the euro rising and the dollar falling, a recipe for rising gold prices.

Gold and the dollar normally trade inversely from one another.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were up 0.15% at USD1,728.95 a troy ounce, up from a session low of USD1,727.95 and down from a high of USD1,730.35 a troy ounce.

Gold futures were likely to test support at USD1,718.65 a troy ounce, Monday's low, and resistance at USD1,744.25, Friday's high.

Spanish Prime Minister Mariano Rajoy's center-right Popular Party increased its majority presence in the prime minister's home region of Galicia, which investors saw as a sign of support for economic policies needed to request a bailout.

Last week, Spanish Prime Minister Mariano Rajoy said his government felt it was under no pressure to seek a bailout, which pushed the euro down and fueled a wait-and-see mode among many investors.

With voters apparently supportive of Rajoy's austerity policies, investors went long on the single currency on sentiments the government may be ready to make asking for a financial lifeline official.

Requesting financial assistance would allow Spain to tap the European Central Bank's bond-buying program, which would lower yields in Spanish government debt auctions and ease credit conditions in the country.

The rally sparked broader demand for risk that sent the dollar falling and gold rising.

News that physical demand may be on the rise in India fueled demand for the precious metal as well.

The Federal Reserve is due to announce its latest statement on U.S. monetary policy later this week, which sparked some gold selling and demand for the greenback though the overall sentiment for the precious metal remained bullish.

Elsewhere on the Comex, silver for December delivery was up 0.41% and trading at USD32.385 a troy ounce, while copper for December delivery was up 0.18% and trading at USD3.628 a pound.

[ashaab]

http://i45.tinypic.com/2qiu2d3.gif

The short term trend of the Gold is to the upside. Intraday trading range of the Gold is expected among key support at 1695.00 and key resistance at 1750.00. Based upon my chart analysis, I prefer to buying the Gold around 1715.00 with targets 1735.00, 1755.00 then 1780.00 and stoploss with four hour candle closing below 1700.00.

[forexking2]

Expected trading range for today is between: Support 1700.00 and 1740.00 resistance
General tendency is expected for the day: Down, what is not breached 1731.00

[secret alibi]

http://sadpanda.us/images/1228797-VGHEF4B.png
Falling stochastic on Daily chart indicating gold
is due to bearish correction phase for nearest
term, break below 1720 area could bring gold
lower testing 1710 area before testing 1690
region. Only a break above 1735 which should
continue bullish outlook targeting 1745 or
even 1755 area.

Resistance Level : 1735, 1745, 1755
Support Level : 1720, 1710, 1690
Trading Range : 1735 – 1710
Trend : Bearish
Bias

[Bieela_cute]

Elliott: zigzag or flat correction 1738.43
It should test 1742.07 area after which a sell off down to 1718.39 or extended to 1708.35 area is expected.
Warning: End of trend
Technical points
Key point 1,735.2500
Entry point 1,724.5500
Elliott 1,713.8500
Closing 1,728.4400
Projection 1,738.4300
Trendline 1,730.7500
Trendline 1,721.3200
Supports / Resistances
Res 2 1,739.4400
Ex-High 1,729.3900
Res 1 1,733.9400
Pivot 1,723.8900
Sup 1 1,718.3900
Ex-Low 1,713.8500
Sup 2 1,708.3500

[raihan8212]

Gold futures were lower during European morning trade on Tuesday, re-approaching a six-week low hit in the previous session as the U.S. dollar pushed higher after Moody�s lowered credit ratings on five Spanish regions.

Investors are also awaiting the outcome of the Federal Reserve's two-day policy meeting on Wednesday.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,719.35 a troy ounce during European morning trade, shedding 0.4%.

Prices fell by as much as 0.5% earlier in the session to trade at a daily low of USD1,717.75 a troy ounce. On Monday, gold prices touched USD1,713.30 a troy ounce, the cheapest level since September 7.

Gold prices were likely to find support at USD1,688.85 a troy ounce, the low from September 7 and resistance at USD1,754.95, the high from October 17.

Market sentiment deteriorated after ratings agency Moody�s cut the credit ratings of Catalonia and four other Spanish regions late Monday, citing their worsening liquidity positions and predicting that these regions are likely to ask the central government for aid in 2013.

The down****e comes on the heels of regional elections in Spain. Prime Minister Mariano Rajoy�s center-right Popular Party increased its majority in his home region of Galicia on Sunday, removing a possible obstacle to formally requesting financial aid from Spain�s euro zone partners.

Rajoy said last week he still had not decided whether to request a sovereign bailout.

Market players have been anticipating for the past month that the Spanish government would ask for a full-scale sovereign bailout.

A bailout would allow the European Central Bank to step in and buy Spanish sovereign debt, which would result in reduced borrowing costs for the debt-strapped nation. But Spain has been reluctant to do so because it may come with conditions on its budget.

The U.S. dollar was higher against the euro, while the dollar index, which tracks the performance of the greenback against a basket of six other major currencies, was up 0.25 to trade at 79.82, the highest since October 15.

A stronger U.S. dollar usually weighs on gold, as it dampens the metal's appeal as an alternative asset and makes dollar-priced commodities more expensive for holders of other currencies.

Meanwhile, gold traders are turning their attention to the Fed�s policy meeting on Tuesday and Wednesday after the central bank announced its third round of quantitative easing last month.

The Fed vowed in mid-September to buy an average of USD40 billion of mortgage-backed securities a month until the economy shows significant improvement.

Moves in the gold price this year have largely tracked shifting expectations as to whether the U.S. central bank would pump more money into the financial system.

Elsewhere on the Comex, silver for December delivery fell 0.45% to trade at USD32.11 a troy ounce, while copper for December delivery dropped 0.95% to trade at USD3.588 a pound.

[ahmed fakhry]

The Gold prices grew and were able to recover from the losses incurred in the previous session, where there were recorded a fall to $1713 level. The November futures price of gold on COMEX today raised $ 4.80 and hit $1729.20 per troy ounce level.

---------- Post added at 09:52 AM ---------- Previous post was at 09:46 AM ----------

The Gold prices grew and were able to recover from the losses incurred in the previous session, where there were recorded a fall to $1713 level. The November futures price of gold on COMEX today raised $ 4.80 and hit $1729.20 per troy ounce level.

[hictor23]

XAU/USD
BUY
Enter :- 1728.60000
TP1 :- 1728.76363
TP2 :- 1728.92727
SL :- 1728.27276

Note this is just my attempt to predict the price could be right or wrong stop-loss order is very important must put always follow the trend

[turabawan8]

UPDATE 1-UK's Hague tells Germans "less is more" on Europe

UK's Hague says EU "sucks up decision-making"

* Criticisms could further strain ties with Germany

* London rules out joining EU banking union

By Stephen Brown

BERLIN, Oct 23 (Reuters) - Britain's foreign secretary told Germany on Tuesday his country was more disillusioned than ever with the European Union and set out a vision of its future, based on the premise "less is more", that clashed directly with Berlin's plans for the euro zone.

William Hague dashed any hope of a conciliatory message to a key European partner which fears Britain is ****ually withdrawing from the EU, saying Britons feel the Union "is a great machine that sucks up decision-making".

[winstead]

After strengthening that occurred yesterday has reached a key area in 1731 and unsuccessfully break up, gold moves back down. Level 1731 is still a point of concern because the price will still validate those levels.

[liso]

This is this is the perfect comodity to trade when it comes to forex money exchange but when there is a perfect trend then you should flow with the mood of the trend and make some money with it.

---------- Post added at 05:51 PM ---------- Previous post was at 05:48 PM ----------

Everything in life is always about risking even breathing itself is risking and thats why i can say its not alys about risking but sometimes its about making money thats what life all about.

[amni570]

USD/CHF is to consolidating in lower range as markets await U.S. non-farm payrolls report. USD/CHF is undermined by broadly weaker demand for safe-haven USD as risk appetite improves. But USD/CHF losses are tempered by positions adjustment before weekend.
Preference:
SHORT positions below 0.935 with 0.928 and 0.925 in...

[forexking2]

The trading range for today is among the key support at 1695.00 and key resistance now at 1750.00
The short term trend to the upside targeting 1945.00 per ounce consistently trading above the 1520.00 close of the week.

[yogesh]

Gold is currently testing historical support at 1700 level and so it become a very good buy here as we can have a stop loss somewhere little below 1700 level and expect 1718/1722 in very short term, once 1733 get crossed it may head towards 1750.

[raihan8212]

Gold futures fell to a fresh six-week low during U.S. morning hours on Tuesday, as a combination of a broadly stronger U.S. dollar and some technical selling weighed on the precious metal.

Investors are also awaiting the outcome of the Federal Reserve's two-day policy meeting on Wednesday.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,706.45 a troy ounce during U.S. morning trade, tumbling 1.15%.

Prices fell by as much as 1.5% earlier in the session to trade at a daily low of USD1,705.55 a troy ounce, the cheapest level since September 7.

Gold prices were likely to find support at USD1,688.85 a troy ounce, the low from September 7 and resistance at USD1,754.95, the high from October 17.

Gold�s losses accelerated after prices broke below key support levels close to the USD1,715-level shortly after the U.S. session began, triggering fresh sell orders amid bearish chart signals.

The precious metal could see further losses in the near-term after having failed to break above the key USD1,800-level earlier in the month.

Gold futures rallied to an 11-month high of USD1,798.05 a troy ounce on October 5, boosted by ongoing expectations policymakers around the world will launch more stimulus to support the weak global economy.

Market sentiment was hit as a down****e of Catalonia and four other Spanish regions by ratings agency Moody�s added to uncertainty over when Madrid may formally request a bailout.

Market players have been anticipating for the past month that the Spanish government would ask for a full-scale sovereign bailout.

A bailout would allow the European Central Bank to step in and buy Spanish sovereign debt, which would result in reduced borrowing costs for the debt-strapped nation. But Spain has been reluctant to do so because it may come with conditions on its budget.

The risk-off trade environment saw the U.S. dollar hit a one-week high against the euro, while the dollar index, which tracks the performance of the greenback against a basket of six other major currencies, gained 0.5% to trade at 80.06, the highest since October 11.

A stronger U.S. dollar usually weighs on gold, as it dampens the metal's appeal as an alternative asset and makes dollar-priced commodities more expensive for holders of other currencies.

Meanwhile, gold traders are turning their attention to the Fed�s policy meeting on Tuesday and Wednesday after the central bank announced its third round of quantitative easing last month.

The Fed vowed in mid-September to buy an average of USD40 billion of mortgage-backed securities a month until the economy shows significant improvement.

Moves in the gold price this year have largely tracked shifting expectations as to whether the U.S. central bank would pump more money into the financial system.

Elsewhere on the Comex, silver for December delivery fell 1.4% to trade at USD31.80 a troy ounce, while copper for December delivery sank 1.9% to trade at USD3.553 a pound.

[adnanhm]

i think gold is very risky and also it can give a lot a profit if luck is on our side and if we made good strategy for that ... so when i will have enough capital then i will go to buy gold and increase my capital level and also my profit level

[muddassir]

موجودہ رجحان گرنے کا رجحان 1530 کے اہداف اور نقصان 1542 1526 روکنے اگر قیمت سب سے زیادہ نقطہ بریکر 1542 گئے رجحان 1545 ھدف بندی کے اوپر الٹ دیا اور پھر 1550

[saif]

we all know that gold is most volatile in forex market. we also see that gold is going to keep upper level so i think Gold if break 1713-15 region we can see 1705-1698-1688-1678-1656 if not than buy from that region for 1717-1725-1732-1742-1752. personal predict only.

[Bieela_cute]

Elliott: elongated flat correction down 1693.96
Market should not go lower than 1705.95 - 1697.85. After this move down it should go up to 1719.03 - 1724.02 area.
Warning: End of trend - Engulfing pattern
Technical points
Key point 1,704.8800
Entry point 1,716.0300
Elliott 1,753.6300
Closing 1,707.8200
Projection 1,689.2600
Trendline 1,719.3800
Trendline 1,719.3800
Supports / Resistances
Res 2 1,740.2100
Ex-High 1,730.2300
Res 1 1,724.0200
Pivot 1,714.0400
Sup 1 1,697.8500
Ex-Low 1,704.0600
Sup 2 1,687.8800

[amni570]

Buy signal generated on GOLD daily chart.
Buy near 1725

[nurdiantofxwave]

Gold still in bearish movement in last day. gold down until touch monthly support 1 level (1708.57). trend for long term also look down, that can predicted for price will down again in some day again. if there is not positif sentiment, in this day, gold will fell down again like yesterday.

[romannil]

Gold technical analysis for 24.10.2012 by using : Auto pivot indicator.

resistance 3:1749.27
resistance 2:1739.33
resistance 1:1723.07

pivot point :1713.13

support 1:1696.87
support 2:1686.93
support 3:1670.67

[ashaab]

http://i48.tinypic.com/28jifd3.gif

The short term trend of the Gold is to the upside. Intraday trading range of the Gold is expected among key support at 1677.00 and key resistance at 1750.00. Based upon my chart analysis, I prefer to buying the Gold around 1700.00 with target 1728.00 then 1755.00 and stoploss is below 1675.00.

[forexking2]

Trading price of gold stabilized below SMA 50, promotes price expectations consistently bearish correction targeting levels 1700.00-1692.00 standby main station.

[ahmed fakhry]

Gold: November futures of gold dropped today to $1703.00 per troy ounce level on COMEX. The gold prices were under pressure and dropped to its six-week low against the dollar as the dollar strengthened and stock markets fall.

[Robi]

Gold once again came to the lower boundary of a bearish channel, there was a small rebound, I think in the near future will begin north of the correction after the sharp fall, if the probability of touching the northern boundary of the channel, sales will be considered only at the end of correction, or at the break of 1703.

[andi1681]

In this recent time the tred forum is better tahn the gold because we all know that it is a money amking treading system and a lots of peiople are so be gainer by this system.

[raihan8212]

Gold futures were little changed near a six-week low during European morning trade on Wednesday, as the U.S. dollar pushed higher following the release of dismal euro zone manufacturing data.

Market participants looked ahead to the conclusion of the Federal Reserve's two-day policy-setting meeting later in the day, after the central bank announced its third round of quantitative easing last month.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,709.05 a troy ounce during European morning trade, nearly flat on the day.

Prices held in a tight trading range of USD1,715.15 a troy ounce, the session high and a daily low of USD1,707.05 a troy ounce. On Tuesday, gold prices touched USD1,704.75 a troy ounce, the cheapest level since September 7.

Gold prices were likely to find support at USD1,688.85 a troy ounce, the low from September 7 and resistance at USD1,731.25, the high from October 22.

The euro sank to a seven-day low against the U.S. dollar after weak euro zone PMI reports and disappointing German business confidence data added to concerns over the economic impact of the region�s long-running debt crisis.

Markit said that its flash euro zone manufacturing purchasing managers� index fell 45.3 in October from a final reading of 46.1 in September. Analysts had expected the index to ease up to 46.6 in October.

Germany�s flash manufacturing PMI fell to 45.7 in October, from a final reading of 47.4 in September, disappointing expectations for an improvement to 48.0.

Meanwhile, a report by German research institute Ifo showed that its business climate index fell to100.0 in October, the lowest level since March 2010, from a reading of 101.4 in September.

The news prompted investors to shun riskier assets, such as stocks and commodities, and flock to traditional safe haven assets like the U.S. dollar and Treasuries.

The dollar index, which tracks the performance of the greenback against a basket of six other major currencies, was up 0.2% to trade at 80.20, the highest since October 11.

A stronger U.S. dollar usually weighs on gold, as it dampens the metal's appeal as an alternative asset and makes dollar-priced commodities more expensive for holders of other currencies.

Gold traders are turning their attention to the Fed�s policy meeting on Wednesday after the central bank vowed last month to buy an average of USD40 billion of mortgage-backed securities a month until the economy shows significant improvement.

Moves in the gold price this year have largely tracked shifting expectations as to whether the U.S. central bank would pump more money into the financial system.

Elsewhere on the Comex, silver for December delivery rose 0.25% to trade at USD31.87 a troy ounce, while copper for December delivery added 0.25% to trade at USD3.577 a pound.

Copper prices remained supported after a report showed that China's HSBC manufacturing PMI came in at 49.1 in October, compared with a final reading of 47.9 in September.

The Asian nation is the world�s largest copper consumer, accounting for almost 40% of world consumption last year.

[andi1681]

On in this treading ssytem of forex is beter than the gold treading because we all know that it is a money treading system so if if you want to be gainer than work on in it.

[shitolnaim]

mujha gold market ka bareme jada kutch pata nahi ha.to sunaha ki gold market ma bare bare log trade kartiha.or utchka liya bohot dollar ki jorurat hotiha.kiu ki yea market bohot lada nar ti ha.utchki jada mujha or kutch pata nahi ha.

[andi1681]

On in recent time the forex treadings sytem is better than the gold treading becasue we all know that it is a money amking treading system so the more work on in it you will be a gainer.

[saif]

i think today gold is serious market but Support is at 1704/02 and if we lose this support we see 1697 to 1694 as the immediate targeted area. Below 1694 we see 1691/89 and here is where you can cover shorts...Re-sell a break below 1686 for 1680 to 1676.

[biplob kumar sarkar]

the price of gold might fall after diwali i think.Can anyone suggtest me..........................................is there any possibility of it ?

[ALLIANZ]

For today's trading, gold is expected to move in a range between $ 1.698 to $ 1.723 before determining the direction of the next movement.
Gold is likely to try to level $ 1.688 or $ 1.672 if managed through the level of $ 1.698. Meanwhile,
when gold broke through the $ 1.723 level, then the next target level $ 1.739 or $ 1.749.

[winstead]

Bias in the gold price is still bearish towards 1700 for short term, break down this area will be heading to the area in 1685 as a psychological support.

[raihan8212]

Gold futures were little changed during U.S. morning trade on Wednesday, holding near the previous session�s six-week low as market participants looked ahead to the conclusion of the Federal Reserve's two-day policy-setting meeting later in the day.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,709.65 a troy ounce during U.S. morning trade, unchanged on the day.

Prices held in a tight trading range of USD1,715.15 a troy ounce, the session high and a daily low of USD1,706.55 a troy ounce. On Tuesday, gold prices touched USD1,704.75 a troy ounce, the cheapest level since September 7.

Gold prices were likely to find support at USD1,688.85 a troy ounce, the low from September 7 and resistance at USD1,731.25, the high from October 22.

Gold traders are turning their attention to the Fed�s policy meeting later in the day, after the central bank vowed last month to buy an average of USD40 billion of mortgage-backed securities a month until the economy shows significant improvement.

While the central bank was not likely to introduce any new measures, its policy statement will be closely scrutinized.

Moves in the gold price this year have largely tracked shifting expectations as to whether the U.S. central bank would pump more money into the financial system.

Gold prices swung between small gains and losses throughout most of the day, as encouraging Chinese data offset weak data out of the euro zone.

Markit said that its flash euro zone manufacturing purchasing managers� index fell 45.3 in October from a final reading of 46.1 in September. Analysts had expected the index to ease up to 46.6 in October.

Germany�s flash manufacturing PMI fell to 45.7 in October, from a final reading of 47.4 in September, disappointing expectations for an improvement to 48.0.

Meanwhile, a report by German research institute Ifo showed that its business climate index fell to100.0 in October, the lowest level since March 2010, from a reading of 101.4 in September.

Elsewhere, data showed that China's HSBC manufacturing PMI came in at 49.1 in October, compared with a final reading of 47.9 in September.

From a technical standpoint, the precious metal could see further losses in the near-term after having failed to break above the key USD1,800-level earlier in the month.

Gold futures rallied to an 11-month high of USD1,798.05 a troy ounce on October 5, boosted by ongoing expectations policymakers around the world will launch more stimulus to support the weak global economy.

Elsewhere on the Comex, silver for December delivery rose 0.1% to trade at USD31.81 a troy ounce, while copper for December delivery shed 0.4% to trade at USD3.554 a pound.

[hodhod2000]

The trading range for today is expected among the key support at 1677.00 and key resistance now at 1750.00.
The short term trend is to the upside targeting 1945.00 per ounce as far as areas of 1520.00 remain intact with a weekly closing

[raihan8212]

Gold futures moved lower during U.S trade Wednesday, as market participants anticipated the outcome of the Federal Reserve's two-day policy-setting meeting later in the session.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,702.25 a troy ounce during U.S. afternoon trade, off 0.33%..

Gold prices were likely to find support at USD1,688.85 a troy ounce, the low from September 7 and resistance at USD1,731.25, the high from October 22.

Gold traders are turning their attention to the Fed�s policy meeting later in the day, after the central bank vowed last month to buy an average of USD40 billion of mortgage-backed securities a month until the economy shows significant improvement.

While the central bank was not likely to introduce any new measures, its policy statement will be closely scrutinized.

Moves in the gold price this year have largely tracked shifting expectations as to whether the U.S. central bank would pump more money into the financial system.

Gold prices swung between small gains and losses throughout most of the day, as encouraging Chinese data offset weak data out of the euro zone.

Markit said that its flash euro zone manufacturing purchasing managers� index fell 45.3 in October from a final reading of 46.1 in September. Analysts had expected the index to ease up to 46.6 in October.

Germany�s flash manufacturing PMI fell to 45.7 in October, from a final reading of 47.4 in September, disappointing expectations for an improvement to 48.0.

Meanwhile, a report by German research institute Ifo showed that its business climate index fell to100.0 in October, the lowest level since March 2010, from a reading of 101.4 in September.

Elsewhere, data showed that China's HSBC manufacturing PMI came in at 49.1 in October, compared with a final reading of 47.9 in September.

From a technical standpoint, the precious metal could see further losses in the near-term after having failed to break above the key USD1,800-level earlier in the month.

Gold futures rallied to an 11-month high of USD1,798.05 a troy ounce on October 5, boosted by ongoing expectations policymakers around the world will launch more stimulus to support the weak global economy.

Elsewhere on the Comex, silver for December delivery rose 0.1% to trade at USD31.81 a troy ounce, while copper for December delivery shed 0.4% to trade at USD3.554 a pound.

[secret alibi]

Bias is still bearish targeting 1685 as key
support area. Break below this area is needed
to continue bearish outlook targeting 1675
area. Immediate resistance is found at 1715
area, only a break above this area which could
be a threat for current bearish outlook.

Resistance Level : 1715, 1725, 1735
Support Level : 1685, 1675, 1665
Trading Range : 1715 – 1675
Trend : Bearish

[andhikayasa]

No one knows how the gold?
if it is bearish?
how is the condition of gold to 1 week ahead?
if anyone could give clues?

[nurdiantofxwave]

GOLD can not able continue up but retrace down after touch weekly support 1 level (1706.63). Since asian session market opened, gold can rise limited and now go down. It predicted will move sideways in a limited range for movement today.

[monir01]

For today's trading, gold is expected
to move in a range between $ 1.698 to
$ 1.723 before determining the
direction of the next movement.
Gold is likely to try to level $ 1.688 or $
1.672 if managed through the level of $ 1.698. Meanwhile,
when gold broke through the $ 1.723
level, then the next target level $
1.739 or $ 1.749.

[ispgamer]

The Big trend on look still bearish. The most Big MA show nice bearish here. But for intraday trade - just be aware - this bearish look weak, I see as long as the seller on this pair can not break down more to that daily break at 1698.46. With this look search for sell better after that 1698.46 can be break form top. Or we can set pending order sellstop on bellow that 1698.46.

[romannil]

Gold technical analysis for 25.10.2012 by using : Auto pivot indicator.

resistance 3:1725.83
resistance 2:1719.67
resistance 1:1710.43

pivot point :1704.27

support 1:1695.03
support 2:1688.87
support 3:1679.63

[Bieela_cute]

Elliott: elongated flat correction down 1693.96
Current fall is near an end of wave around 1695.66 zone, a rally should then procede to above 1711.34. Fall below 1689.34 would cancel this scenario.
Warning: End of trend - Imminent end of bearish move
Technical points
Key point 1,697.9400
Entry point 1,702.9000
Elliott 1,753.6300
Closing 1,701.9700
Projection 1,689.2600
Trendline 1,716.0500
Trendline 1,698.5500
Supports / Resistances
Res 2 1,720.7100
Ex-High 1,714.3900
Res 1 1,711.3400
Pivot 1,705.0200
Sup 1 1,695.6600
Ex-Low 1,698.7100
Sup 2 1,689.3400

[ashaab]

http://i46.tinypic.com/2ngahyt.gif

The short term trend of the Gold is to the upside. Intraday trading range of the Gold is expected among key support at 1685.00 and key resistance at 1750.00. Based upon my chart analysis, I prefer to buying the Gold around 1700.00 with targets 1715.00, 1728.00 then 1755.00 and stoploss is below 1675.00.

[Hammersonic]

Technically, gold moved in a restricted area of ​​consolidation between 1713-1698 price level.
If gold is able to break up then gold will move to the level of 1729 before returning to weaken.
If gold is able to break down then gold will go before the 1675 price range rebound.

[turabawan8]

Yen weakens across the board � BTMU

The yen has continued to weaken in the Asian trading session with USDJPY and EURJPY climbing above 80.0 and 104.0 respectively. According to the BTMU Research Team, "Yen weakness overnight continues to reflect building expectations of additional monetary policy easing from the BoJ at next week's meeting." The Nikkei reported overnight that the BoJ is considering increasing its asset purchase program by JPY10.0 trillion.

[winstead]

The bias remains bearish towards the key support area at 1685 area. It takes break down this area to continue the bearish trend towards the 1675 area for gold.

[amni570]

Gold Buy limit 1719 current (1717.40) Sl 1713 Tp 1732

[raihan8212]

Gold futures were higher during U.S. morning trade on Thursday, holding on to gains after stronger-than-forecast U.S. data on durable goods orders and jobless claims.

The precious metal continued to draw support from the Federal Reserve�s ultra-loose monetary policy as well as some bargain buying.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,715.85 a troy ounce during U.S. morning trade, gaining 0.85%.

Prices rose by as much as 1.1% earlier in the day to hit a session high of USD1,718.45 a troy ounce. On Wednesday, gold prices fell to USD1,699.65 a troy ounce, the cheapest level since September 7.

Gold prices were likely to find support at USD1,688.85 a troy ounce, the low from September 7 and resistance at USD1,731.25, the high from October 22.

In the U.S. official data showed that durable goods orders, which includes transportation items, jumped by a seasonally adjusted 9.9% in September, compared to expectations for a 7.1% gain.

Excluding volatile transportation items durable goods orders rose by a seasonally adjusted 2.0% last month, beating expectations for a 0.8% gain.

Separately, the Labor Department said the number of people who filed for unemployment assistance in the U.S. last week fell to 369,000, from 392,000 the previous week, compared to expectations for a decrease to 370,000.

Also Thursday, the National Association of Realtors said its pending home sales index rose by 0.3% in September, below expectations for a 2.1% gain.

The flurry of data came a day after the Federal Reserve announced no new measures at the end of its policy-setting meeting. In its rate statement, the central bank said the U.S. economy is improving moderately, but said job growth has been slow and the unemployment rate remains elevated.

The Fed also said it planned to keep its benchmark short-term rate close to zero through mid-2015.

The Federal Reserve said in September it will purchase an average of USD40 billion of mortgage-backed securities a month until the economy shows significant improvement.

Moves in the gold price this year have largely tracked shifting expectations as to whether the U.S. central bank would pump more money into the financial system.

Meanwhile, market players continued to eye developments surrounding Spain, amid ongoing uncertainty over whether the debt-strapped country is moving closer to formally requesting a bailout from its euro zone partners.

A bailout would allow the European Central Bank to step in and buy Spanish sovereign debt, which would result in reduced borrowing costs for the debt-strapped nation. But Spain has been reluctant to do so because it may come with conditions on its budget.

Elsewhere on the Comex, silver for December delivery rallied 1.85% to trade at USD32.19 a troy ounce, while copper for December delivery added 0.1% to trade at USD3.571 a pound.

[yudijoni]

Starting from the lower limit of the bearish channel yesterday had approached (now at 1694.89), eventually the price of gold (XAUUSD) was able to rebound to reach 1717.70.

Now the price of gold to try to keep moving on the moving average (now at 1711.50). When this analysis revealed the price of gold was falling back into the MA. Other support is also possible to test the 1705.92 which is the target of an optimal correction intraday uptrend is happening today.

If the support-support were maintained, the price of gold has the potential to go up to test high today which if penetrated will pave the way towards the 1732 area.

[raihan8212]

Gold futures traded higher during the U.S. afternoon session Thursday, holding on to gains after stronger-than-forecast U.S. data on durable goods orders and jobless claims.

The precious metal continued to draw support from the Federal Reserve�s ultra-loose monetary policy as well as some bargain buying.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,712.25 a troy ounce during U.S. afternoon trade, gaining 0.63%.

Prices rose by as much as 1.1% earlier in the day to hit a session high of USD1,718.45 a troy ounce. On Wednesday, gold prices fell to USD1,699.65 a troy ounce, the cheapest level since September 7.

Gold prices were likely to find support at USD1,688.85 a troy ounce, the low from September 7 and resistance at USD1,731.25, the high from October 22.

In the U.S. official data showed that durable goods orders, which includes transportation items, jumped by a seasonally adjusted 9.9% in September, compared to expectations for a 7.1% gain.

Excluding volatile transportation items durable goods orders rose by a seasonally adjusted 2.0% last month, beating expectations for a 0.8% gain.

Separately, the Labor Department said the number of people who filed for unemployment assistance in the U.S. last week fell to 369,000, from 392,000 the previous week, compared to expectations for a decrease to 370,000.

Also Thursday, the National Association of Realtors said its pending home sales index rose by 0.3% in September, below expectations for a 2.1% gain.

The flurry of data came a day after the Federal Reserve announced no new measures at the end of its policy-setting meeting. In its rate statement, the central bank said the U.S. economy is improving moderately, but said job growth has been slow and the unemployment rate remains elevated.

The Fed also said it planned to keep its benchmark short-term rate close to zero through mid-2015.

The Federal Reserve said in September it will purchase an average of USD40 billion of mortgage-backed securities a month until the economy shows significant improvement.

Moves in the gold price this year have largely tracked shifting expectations as to whether the U.S. central bank would pump more money into the financial system.

Meanwhile, market players continued to eye developments surrounding Spain, amid ongoing uncertainty over whether the debt-strapped country is moving closer to formally requesting a bailout from its euro zone partners.

A bailout would allow the European Central Bank to step in and buy Spanish sovereign debt, which would result in reduced borrowing costs for the debt-strapped nation. But Spain has been reluctant to do so because it may come with conditions on its budget.

Elsewhere on the Comex, silver for December delivery rallied 1.53% to trade at USD32.10 a troy ounce, while copper for December delivery added 0.37% to trade at USD3.555 a pound.

[romannil]

Gold technical analysis for 26.10.2012 by using : Auto pivot indicator.

resistance 3:1734.57
resistance 2:1725.83
resistance 1:1718.47

pivot point :1709.73

support 1:1702.37
support 2:1693.63
support 3:1686.27

[ispgamer]

XAU/UDS on candle 4H TF look consolidation still play here. And I see not good idea to be start for make an OP. Then, when I see to the weekly breakout line (1716.17), that line can become a trigger for more bulls if price (from bottom) can break that line 1716.17 on next move, I see.

[ahmed fakhry]

Due to a significant increase in demand for gold in India, which is the largest importer of gold in the world and the fact that other investors started to enter to long positions being attracted by low prices, the Gold futures retreated from a seven-week low and were able to grow by $ 11.12 to $1717.80 per troy ounce on COMEX today.

[raihan8212]

Gold futures were lower in Asian trade on Friday.

On the Comex division of the New York Mercantile Exchange, Gold futures for December delivery traded at USD1705.15 a troy ounce at time of writing falling 0.46%.

It earlier traded at a session low USD1703.65 a troy ounce. Gold was likely to find support at USD1699.65 and resistance at USD1731.25.

US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, fell 0.00% to trade at USD80.17.

Elsewhere on the Comex, Silver for December delivery fell 0.74% to trade at USD31.840 a troy ounce while Copper for December delivery fell 0.37% to trade at USD3.546 a pound.

[nurdiantofxwave]

After move in sideways in asian market session ago, gold drop back to yesterday's lowerest price. Gold get pressure and now still continue down and hold in level daily support 1 (1702.37). gold predicted will down strong in this day

[Jobs]

Daily chart on gold drops and the first such hedge can be as low as 1685, when it will strike could go even lower than in 1640, while the rotation of the top is not visible and only the indicators show continued decline ...

[Bieela_cute]

Elliott: flat correction up 1722.35
Current upmove should be ended around 1715.05 - 1719.53. Any correction consolidation should find support in 1706.82 - 1703.06 zone.
Technical points
Key point 1,714.1700
Entry point 1,707.7800
Elliott 1,698.7100
Closing 1,712.0100
Projection 1,718.1900
Trendline 1,701.6200
Trendline 1,704.5300
Supports / Resistances
Res 2 1,727.0400
Ex-High 1,718.0900
Res 1 1,719.5300
Pivot 1,710.5700
Sup 1 1,703.0600
Ex-Low 1,701.6200
Sup 2 1,694.1000

[ashaab]

http://i50.tinypic.com/2n74ot1.gif

The short term of the Gold is to the upside. Intraday trading range of the Gold is expected among key support at 1690.00 and key resistance at 1750.00. Based upon my chart analysis, I prefer to buying the Gold above 1700.00 with targets 1715.00, 1725.00 then 1733.00 and stoploss with four hour candle closing below 1690.00.

[Robi]

So far insurmountable resistance level will 1715.00, the price is still in the southern trend and this trend is likely to continue, the North scenario will be considered only on a break and consolidation above 1715.00.

[winstead]

Bearish of Gold again tried to penetrate the triple bottom in the 1698.70 area. If this support breaks, there is a potential decrease in gold may continue to test low estimate of 1689.00.

[hodhod2000]

The trading range for today is expected among the key support at 1690.00 and key resistance now at 1750.00.
The short term trend is to the upside targeting 1945.00 per ounce as far as areas of 1520.00 remain intact with a weekly closing.

[ahsan.javed27]

hold your gold positions uptil january-february and you will see a huge uptrend in gold the prices will rise to a very high extent so i recommend a buy position for long time investors and i assure that the profit would be very high what you say other members

[Bieela_cute]

GOLD next week

Elliott: elongated flat correction down 1700.14
It may meet resistance in 1712.27 - 1713.73 zone for a drift down to 1697.24 zone, after which bounce to 1728.76 is anticipated.
Technical points
Key point 1,710.0600
Entry point 1,707.4900
Elliott 1,796.0000
Closing 1,712.2700
Projection 1,700.1400
Trendline 1,723.9100
Trendline 1,705.3000
Supports / Resistances
Res 2 1,745.2600
Ex-High 1,730.2300
Res 1 1,728.7600
Pivot 1,713.7300
Sup 1 1,697.2400
Ex-Low 1,698.7100
Sup 2 1,682.210

[mdjoy16]

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 raise. good like forex forum good

[amni570]

GOLD Elliott Wave
Since our last analysis Gold was trading in a downward move, impulsive wave 5 (coloured blue) of the bigger wave (C) (coloured green) was developing. Yesterday during the European session we could observe descending movement from 1,729.38 towards the 1,705.38 level. Therefore, during the New York session we could...

[waqar arif]

I think that the gold would move up from ther resistance level of arount "1688" it would definitly move up from there.
and further the stop loss should be placed at the 1680 ........!!





:happy:Gold would move up definitely:happy:

[Bieela_cute]

Elliott: irregular flat correction up 1723.14
Currently uptrend should end around 1715.58 - 1720.47 area. A correction down to below 1702.47 is expected. A rise above 1728.68 will abort the expected correction.
Warning: Engulfing pattern
Technical points
Key point 1,714.6500
Entry point 1,707.7600
Elliott 1,700.8800
Closing 1,712.2700
Projection 1,718.8900
Trendline 1,709.8700
Trendline 1,709.8700
Supports / Resistances
Res 2 1,728.6800
Ex-High 1,718.8900
Res 1 1,720.4700
Pivot 1,710.6800
Sup 1 1,702.4700
Ex-Low 1,700.8800
Sup 2 1,692.6700

[romannil]

Gold technical analysis for 29.10.2012 by using : Auto pivot indicator.

resistance 3:1736.53
resistance 2:1727.17
resistance 1:1718.83

pivot point :1709.47

support 1:1701.13
support 2:1691.77
support 3:1683.43

[roncos]

today's price headed to $ 1,718.40 in the first resistant
will continue to $ 1,723.05, while the first support at $ 1,708.85
and next to $ 1,706.58.

[raihan8212]

Gold prices rose on Monday on hopes central banks around the world will loosen already very loose monetary policies if the global economy fails to pick up.

The Federal Reserve announced last week it was making no changes to its benchmark interest rates and added monetary policy will likely stay loose for some time to come.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were up 0.18% at USD1,715.05 a troy ounce, up from a session low of USD1,714.45 and down from a high of USD1,716.55 a troy ounce.

Gold futures were likely to test support at USD1,701.45 a troy ounce, Friday's low, and resistance at USD1,719.35, Fridays' high.

In the U.S., the Federal Reserve announced earlier that it left interest rates near zero and monetary policy unchanged, pointing out that elevated unemployment rates and headwinds from abroad merit ongoing asset purchases from banks, a monetary policy tool known as quantitative easing that weakens the dollar, gold's traditional hedge.

The U.S. central bank emphasized it will continue intervening until the economy and labor market improve.

"If the outlook for the labor market does not improve substantially, the Committee will continue its purchases of agency mortgage-backed securities, undertake additional asset purchases, and employ its other policy tools as appropriate until such improvement is achieved in a context of price stability," the Fed said in a statement.

Investors took their time digesting the report and concluded the decision will keep the dollar weak for some time to come.

Other paper currencies should remain weak as well, including the yen, as market talk has begun to build that the Bank of Japan will move to stimulate its economy as well.

The European Central Bank and the People's Bank of China have said they might roll out measures in varying degrees of intensity to prop up their respective economies, which would likely weaken paper currencies, a recipe for rising gold prices.

Elsewhere on the Comex, silver for December delivery was up 0.29% and trading at USD32.130 a troy ounce, while copper for December delivery was down 0.13% and trading at USD3.554 a pound.

[ashaab]

http://i46.tinypic.com/9gafyw.png

The short term trend of the Gold is to the upside. Intraweek trading range of the Gold is expected among key support at 1650.00 and key resistance at 1775.00. Based upon my chart analysis, I prefer to selling the Silver below 1725.00 with target 1650.00 and stoploss is above 1765.00.

[khoiri]

o so yes. wow gold but I think it is very risky. because the level kesulitanya Grama much. and my experience is quite difficult to trade in gold or my lack of learning strategies or is it really - really quite difficult.

[great white]

As we seen on chart H1 , bias remains neutral
in nearest term, but if price could break above
1715 area, outlook can change to be bullish
toward 1720 key resistence area. Immediate
support is found at 1700, a clear break below
this area could trigger further bearish pressure
aiming 1690 area.

Resistance Level : 1715, 1720, 1735
Support Level : 1700, 1690, 1680
Trading Range : 1720 – 1690
Trend : Neutral

[mdjoy50]

Main ye thread GOLD ke discussion ke liye bana raha hain. Sabhi members ko ya post karne ke liye good like forex forum

[hictor23]

XAU/USD
SELL
Enter :- 1713.95000
TP1 :- 1713.64451
TP2 :- 1713.33906
SL :- 1714.56105

Note this is just my attempt to predict the price could be right or wrong stop-loss order is very important must put always follow the trend

[Robi]

An interesting situation was formed on gold, the price formed a side channel, a few hours ago, there was a retreat from the upper boundary-layer resistance 1715.00, but still too early to sell, and the obvious support of 1710.00, while waiting for the breakthrough of one of the levels.

[nurdiantofxwave]

After break weekly pivot level (1712.67), gold move up but limited, then its retrace down until touch and hold at 1708.57 as monthly support 1 level. Gold predicted will stagnan in this day at range 1704.00-1715.00.

[winstead]

Technically, gold is still trading in the range of daily consolidation in 1714-1698. Break up will bring gold into the price range of 1730.

[fahim017]

5 free market-oriented price formation and a more upright on the chart of the day, if you can break the 1551 soiting what good sometimes fly the check if they could hit 1, 540-level, so that you can see some quick fast record rally, about ... ... You buy the bigger the system all the time.

[raihan8212]

Gold futures were little changed during European morning trade on Monday, as the fiscal uncertainty surrounding Spain and Greece continued to drive investors to the relative safety of the U.S. dollar.

Growing expectations the Bank of Japan will introduce more monetary easing measures at its next policy meeting on October 30 supported the precious metal.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,711.65 a troy ounce during European morning trade, nearly flat on the day.

Prices held in a tight trading range of USD1,717.85 a troy ounce, the daily high and a session low of USD1,710.85 a troy ounce. Gold futures fell to a seven-week low of USD1,699.65 a troy ounce on October 24.

Gold prices were likely to find support at USD1,688.85 a troy ounce, the low from September 7 and resistance at USD1,731.25, the high from October 22.

Trading activity was expected to remain thin on Monday, as a result of the first unscheduled, market-wide shut down since September 2001, as Hurricane Sandy approached the northeastern U.S.

Gold�s losses came as the euro re-approached a three-week low against the U.S. dollar, while the dollar index, which tracks the performance of the greenback against a basket of six other major currencies, was up 0.27% to trade at 80.32, close to a seven-week high.

A stronger U.S. dollar usually weighs on gold, as it dampens the metal's appeal as an alternative asset and makes dollar-priced commodities more expensive for holders of other currencies.

Markets were jittery amid ongoing uncertainty over whether Spain is preparing to request a bailout from its euro zone partners, which would activate a bond buying program by the European Central Bank.

Meanwhile, doubts over whether Greece can meet austerity targets demanded by the troika mounted after the country�s opposition leaders said his party would vote against an austerity package expected to go before parliament later this week.

The yellow metal was supported as traders turned their attention to the outcome of Tuesday�s Bank of Japan policy meeting amid ongoing speculation over the possibility of more easing from the central bank.

Expectations of monetary stimulus tend to benefit gold, as the precious metal is seen as a safe store of value and inflation hedge.

Gold traders were also awaiting Friday�s closely-watched U.S. nonfarm payrolls data after the unemployment rate unexpectedly fell to 7.8% in September from 8.1% the previous month.

Doubts over the U.S. economic recovery persisted in spite of Friday�s better-than-expected data on U.S. third quarter growth.

The U.S. economy grew by 2% in the three months to September, on the back of stronger consumer spending, after expanding by 1.3% in the preceding quarter. Economists had predicted growth of 1.9%.

From a technical standpoint, the precious metal could see further losses in the near-term after having failed to break above the key USD1,800-level earlier in the month.

Gold futures rallied to an 11-month high of USD1,798.05 a troy ounce on October 5, boosted by ongoing expectations policymakers around the world will launch more stimulus to support the weak global economy.

Elsewhere on the Comex, silver for December delivery shed 0.3% to trade at USD31.93 a troy ounce, while copper for December delivery fell 0.75% to trade at USD3.522 a pound.

[hodhod2000]

The trading range for today is expected among the key support at 1675.00 and key resistance now at 1745.00.

The short term trend is to the upside targeting 1945.00 per ounce as far as areas of 1520.00 remain intact with a weekly closing.

[raihan8212]

Gold prices rose on Tuesday, shaking off earlier losses stemming from global economic uncertainty, especially out of Europe, where Spain has yet to make it clear if it will seek a bailout.

U.S. markets were closed on Monday ahead of Hurricane Sandy, which roared ashore as a powerful post-tropical system whipping up wind, driving rains and a deadly storm surge.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were up 0.15% at USD1,711.25 a troy ounce, up from a session low of USD1,706.95 and down from a high of USD1,712.05 a troy ounce.

Gold futures were likely to test support at USD1,705.45 a troy ounce, Monday's low, and resistance at USD1,719.35, Fridays' high.

Gold dipped earlier as investors shunned risk over ongoing doubts as to whether Spain will request financial assistance from its neighbors.

Spanish Prime Minister Mariano Rajoy criticized the idea of giving a new European Union Commissioner greater say-so over eurozone national budgeting policies, saying it could be counterproductive, though he did say Madrid would considering seeking a bailout "if we think it is in the interest of Spaniards."

Elsewhere in Europe, Spanish retail sales fell 10.9% from the same month a year ago, much worse than market expectations for a decline of 6.2%, which dampened appetite for risk, including gold.

Requesting financial assistance would allow Spain to tap the European Central Bank's bond-buying program, which would lower yields in Spanish government debt auctions and ease credit conditions in the country.

Meanwhile in Greece, the country is negotiating austerity terms with its troika of lenders, the International Monetary Fund, the European Central Bank and the European Commission.

Concerns that not all in Athens are on board with wage reforms spooked investors earlier and sent gold falling on fears the debt crisis may reheat in Greece.

The metal regained strength later on sentiment global central banks will keep monetary policies loose, especially in Japan, where the latest announcement on monetary policy is due out later this week.

Meanwhile, markets were closed in the U.S. as were many businesses along the heavily populated eastern seaboard with the arrival of Sandy, a massive post-tropical system that came ashore along the New Jersey coast.

Elsewhere on the Comex, silver for December delivery was up 0.51% and trading at USD31.908 a troy ounce, while copper for December delivery was up 0.09% and trading at USD3.510 a pound.

[romannil]

Gold technical analysis for 30.10.2012 by using : Auto pivot indicator.

resistance 3:1726.00
resistance 2:1721.20
resistance 1:1714.80

pivot point :1710.00

support 1:1703.60
support 2:1698.80
support 3:1692.40

[secret alibi]

Bias is neutral for nearest term, but we still
prefer bearish outlook as long as the price
move below the trendline resistance on 4H
chart. Potential trading range is around 1700 –
1720 area. Break above 1720 area is needed
to end the medium term bearish outlook.
While break below 1700 area should bring
gold lower testing 1693 area.

Resistance Level : 1720, 1735, 1748
Support Level : 1700, 1693, 1680
Trading Range : 1700 – 1720
Trend : Neutral

[ashaab]

http://i50.tinypic.com/30rxirl.gif

The short term trend of the Gold is to the upside. Intraday trading range of the Gold is expected among key support at 1675.00 and key resistance at 1745.00. Based upon my chart analysis, I prefer to stay aside from the Gold until we get a confirm setup for the upcoming big move.

[nurdiantofxwave]

When gold move around monthly support 1 (1708.57), it can retrace up from this level. This condition can be seen in chart tf m15. price shown move up not like yesterday, price fell down. Now, price is trying to break weekly pivot level (1712.67), if it can do, it will rise strong.

[don1681]

Yes it is also a good way of amking money becasue we all know that gold is very valuable metal so we can also tread with this treading system and be a gainer.

[raihan8212]

Gold prices rose on Tuesday, shaking off earlier losses stemming from global economic uncertainty, especially out of Europe, where Spain has yet to make it clear if it will seek a bailout.

U.S. markets were closed on Monday ahead of Hurricane Sandy, which roared ashore as a powerful post-tropical system whipping up wind, driving rains and a deadly storm surge.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were up 0.15% at USD1,711.25 a troy ounce, up from a session low of USD1,706.95 and down from a high of USD1,712.05 a troy ounce.

Gold futures were likely to test support at USD1,705.45 a troy ounce, Monday's low, and resistance at USD1,719.35, Fridays' high.

Gold dipped earlier as investors shunned risk over ongoing doubts as to whether Spain will request financial assistance from its neighbors.

Spanish Prime Minister Mariano Rajoy criticized the idea of giving a new European Union Commissioner greater say-so over eurozone national budgeting policies, saying it could be counterproductive, though he did say Madrid would considering seeking a bailout "if we think it is in the interest of Spaniards."

Elsewhere in Europe, Spanish retail sales fell 10.9% from the same month a year ago, much worse than market expectations for a decline of 6.2%, which dampened appetite for risk, including gold.

Requesting financial assistance would allow Spain to tap the European Central Bank's bond-buying program, which would lower yields in Spanish government debt auctions and ease credit conditions in the country.

Meanwhile in Greece, the country is negotiating austerity terms with its troika of lenders, the International Monetary Fund, the European Central Bank and the European Commission.

Concerns that not all in Athens are on board with wage reforms spooked investors earlier and sent gold falling on fears the debt crisis may reheat in Greece.

The metal regained strength later on sentiment global central banks will keep monetary policies loose, especially in Japan, where the latest announcement on monetary policy is due out later this week.

Meanwhile, markets were closed in the U.S. as were many businesses along the heavily populated eastern seaboard with the arrival of Sandy, a massive post-tropical system that came ashore along the New Jersey coast.

Elsewhere on the Comex, silver for December delivery was up 0.51% and trading at USD31.908 a troy ounce, while copper for December delivery was up 0.09% and trading at USD3.510 a pound.

[ahmed fakhry]

Gold: December futures price of gold today fell today to 1705.70 dollars per ounce on COMEX due to concerns about Greece and the lack of guidance on when Spain is planning to apply for financial aid.

[hictor23]

XAU/USD
SELL
Enter :- 1708.06000
TP1 :- 1707.83707
TP2 :- 1707.61416
SL :- 1708.50590

Note this is just my attempt to predict the price could be right or wrong stop-loss order is very important must put always follow the trend

[forexking2]

Trading price of gold in a narrow range since this morning with some slight upward tendency, where it appears a positive impact on stochastic intraday trading.

[forexking2]

Support 1700.00 1688.00 1677.00 1655.00 1646.00
Resistance 1714.00 1718.00 1725.00 1730.00 1740.00

[Emma]

Gold today mark the triangle formed by the converging bull (lower lows, higher and higher), the bears have not pressured so much the price for growth remains only wait for a break in 1715 (and the breakdown of the moving blue alligator), and while a bit dangerous to climb.

[raihan8212]

Gold futures eased up modestly in lackluster trade during U.S. morning hours on Tuesday, boosted by a weaker U.S. dollar as investors continued to eye developments in the euro zone.

Gold traders were already eyeing Friday�s closely-watched U.S. nonfarm payrolls data after the unemployment rate unexpectedly fell to 7.8% in September from 8.1% the previous month.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,711.25 a troy ounce during U.S. morning trade, up 0.15% on the day.

Prices held in a tight trading range of USD1,715.65 a troy ounce, the daily high and a session low of USD1,706.95 a troy ounce. Gold futures fell to a seven-week low of USD1,699.65 a troy ounce on October 24.

Gold prices were likely to find support at USD1,688.85 a troy ounce, the low from September 7 and resistance at USD1,731.25, the high from October 22.

Trading activity was expected to remain thin on Tuesday, as investors continued to assess the damage caused by Sandy after the storm made landfall in Southern New Jersey late Monday.

Gold prices found support as the euro advanced against the U.S. dollar, while the dollar index, which tracks the performance of the greenback against a basket of six other major currencies, was down 0.4% to trade at 80.00.

Dollar weakness usually benefits gold, as it boosts the metal's appeal as an alternative asset and makes dollar-priced commodities cheaper for holders of other currencies.

Sentiment firmed up after official data showed that the Spanish economy contracted by 0.3% in the third quarter, better-than-expectations for a 0.4% contraction.

The data came a day after Spanish Prime Minister Mariano Rajoy said that he would request a bailout "when I think it is in the interests of Spain".

A bailout would allow the European Central Bank to step in and buy Spanish sovereign debt, which would result in reduced borrowing costs for the debt-strapped nation. But Spain has been reluctant to do so because it may come with conditions on its budget.

Also Tuesday, Italy�s Treasury sold EUR3 billion worth of debt maturing in November 2022 at an average yield of 4.92%, the lowest level since May 2011 down from 5.24% at a similar auction last month.

The precious metal was higher during Asian trading hours after the Bank of Japan boosted the size of its asset-purchase program in an effort to boost slowing economic activity.

The BoJ increased the size of its asset purchase program by JPY11 trillion to a total of JPY66 trillion. The asset purchase fund has been its main policy tool since October 2010.

Policy makers kept a separate credit loan program at JPY25 trillion. The BoJ also left its policy interest-rate target unchanged in the current range of zero to 0.1%

Gold can benefit from such an environment of easy money because of expectations that ample liquidity would put a damper on the value of paper currencies.

Elsewhere on the Comex, silver for December delivery rose 0.65% to trade at USD31.95 a troy ounce, while copper for December delivery added 0.4% to trade at USD3.508 a pound.

[romannil]

Gold technical analysis for 31.10.2012 by using : Auto pivot indicator.

resistance 3:1724.20
resistance 2:1719.30
resistance 1:1714.10

pivot point :1709.20

support 1:1704.00
support 2:1699.10
support 3:1693.90

[kaushal4]

Gold can benefit from such an environment of easy money because of expectations that ample liquidity would put a damper on the value of paper currencies. The economic docket in Asia and Europe is rather light. But in north American trading Friday the USD GDP report and the university of Michigan report are due.

[ashaab]

http://i45.tinypic.com/2jafgqp.gif

The short term trend of the Gold is to the upside. Intraday trading range of the Gold is expected among key support at 1675.00 and key resistance at 1745.00. Based upon my chart analysis, I prefer to stay aside from the Gold until we get a confirm setup for the upcoming big move.

[yudijoni]

Mixed movement of gold prices has formed Elliot Minor wave (ranging). We also see a symmetrical triangle pattern will become a reference for market participants to buy and sell transactions. After the break the triangle above (resistance) then positions do, and vice versa when prices pass through the lower triangle (support) the position of selling to do with their targets on the edge of the Equidistant channel.

Economic data today's world can not affect the gold price significantly. Bond auctions and the level of unemployment will be "a little" trigger sentiment of market participants. The opening session of the European markets and the United States will lead the world gold price movement and its change trend direction itself.

Trend: Bullish

Condition: Potentially weak but confirmed

Verdict: 1728.60

Trading Plan:

1. Buy Stop@1715.70 TP 1720.00 (Hold n Trailing Stop)

2. Buy Limit <1709.70 SL U.S. $ 3 (with your filter) TP U.S. $ 5 (after touch pivot level and UP)

3. Sell ​​Stop <1708.60 TP U.S. $ 3 U.S. $ 3

Happy Trading.

[andhikayasa]

according to you, the gold is already at its lowest?
is there a possibility of gold will soar high to see the condition of American who were in strife-torn by the storm shandy?
give your opinions

[nurdiantofxwave]

Gold back to up strong and can touch weekly pivot level (1712.67) yesterday. But, gold can not maintain its position and its retrace down back to level 1708.57. Now, gold trying to move up again. I think gold still chance to go up following bullish medium term trend.

[secret alibi]

There is no change in our technical outlook,
bias is neutral for nearest term, but we still
prefer bearish outlook as long as the price
move below the trendline resistance on 4H
chart. Potential trading range is around 1700 –
1720 area. Break above 1720 area is needed
to end the medium term bearish outlook.
While break below 1700 area should bring
gold lower testing 1693 area.

Resistance Level : 1720, 1735, 1748
Support Level : 1700, 1693, 1680
Trading Range : 1700 – 1720
Trend : Neutral

[raihan8212]

Gold prices traded steady to higher on Wednesday after the yellow metal's traditional hedge, the dollar, weakened as investors emerged from the safety of the greenback in wake of massive storm Sandy.

U.S. markets were closed on Tuesday after Sandy, a post-tropical storm, lashed the U.S. northeast with heavy winds, driving rains and deadly storm surge, which sent investors seeking safe-harbor in the liquid greenback prior.

Trading, however, was choppy, as some investors still clung to the dollar ahead of Friday's October jobs report in the U.S.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were up 0.03% at USD1,712.65 a troy ounce, up from a session low of USD1,711.35 and down from a high of USD1,712.75 a troy ounce.

Gold futures were likely to test support at USD1,701.45 a troy ounce, Friday's low, and resistance at USD1,719.35, Fridays' high.

Investors crept out of the safety of the dollar after Sandy had weakened, as despite the widespread damage, businesses and communities will eventually brush off the debris and return to work.

Gold also saw gains as appetite for risk grew in Europe, when Spanish gross domestic product figures came in not as bad as previously feared.

The Spanish economy contracted by 0.3% in the third quarter, slightly better than expectations for 0.4% contraction, and while the country still remains mired in recession, the number sent investors ditching the dollar and buying euro, a recipe for rising gold prices.

Gold and the dollar trade inversely.

On Friday, the Bureau of Labor Statistics will release its October jobs report, and dollar demand remained solid ahead of time.

Elsewhere on the Comex, silver for December delivery was up 0.35% and trading at USD31.928 a troy ounce, while copper for December delivery was up 0.11% and trading at USD3.513 a pound.

---------- Post added at 04:37 PM ---------- Previous post was at 01:36 PM ----------

Gold futures edged higher during European morning trade on Wednesday, as U.S. markets prepared to reopen after Hurricane Sandy while investors waited for key Chinese manufacturing and U.S. employment data later in the week.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,717.95 a troy ounce during European morning trade, up 0.35% on the day.

Prices held in a tight trading range of USD1,718.45 a troy ounce, the daily high and a session low of USD1,711.25 a troy ounce. Gold futures fell to a seven-week low of USD1,699.65 a troy ounce on October 24.

Gold prices were likely to find support at USD1,688.85 a troy ounce, the low from September 7 and resistance at USD1,730.35, the high from October 23.

U.S. markets were set to reopen Wednesday, after remaining closed the previous two days, as Hurricane Sandy caused major damage in the U.S. northeast.

Gold traders were looking ahead to a series of important political and economic events set to unfold in early November.

On Thursday, China will release a report on manufacturing data for October, followed by closely-watched U.S. non-farm payrolls data on Friday.

Political developments were likely to take center stage next week, with the U.S. presidential election on November 6 and the start of the Chinese Communist Party Congress on November 8, where a once-in-a-decade leadership change was to take place.

Euro zone developments remained in focus. Euro zone finance ministers were to hold a conference call later in the day to discuss Greece�s progress on meeting austerity targets, but no decision on when the country will receive the next tranche of its bailout was expected.

Meanwhile, investors continued to await any sign that Spain is preparing to request a bailout, which would activate a bond purchasing program by the European Central Bank, aimed at lowering the borrowing costs of distressed euro zone states.

The debt-strapped country has been reluctant to ask for aid from its euro zone partners because of concerns it may come with conditions on its budget.

Elsewhere on the Comex, silver for December delivery rose 0.9% to trade at USD32.10 a troy ounce, while copper for December delivery rallied 1.25% to trade at USD3.550 a pound.

[hictor23]

XAU/USD
BUY
Enter :- 1711.08000
TP1 :- 1710.25516
TP2 :- 1711.43032
SL :- 1710.72972

Note this is just my attempt to predict the price could be right or wrong stop-loss order is very important must put always follow the trend

[ALLIANZ]

Finally, the price of gold (XAUUSD) started showing a passion to continue to climb in today. When this analysis revealed the price of gold has been tested and is located near the target of the first correction level 23.6% Fibonacci retracement of recent downtrend that was in 1721.20. Target next correction is 1735.55.
If these levels hold, then going back XAUUSD decline (intraday correction) with the closest targets in the area in 1717 and 1714.

[winstead]

Technically, gold is still trading in a narrow range in area from 1715 to 1698 prices. Break up the gold will go to area balance in price range 1730.

[rabbi89]

Current trend jo hai woh upward trend pe hai aur jab target hai 1554 agar price niche ki aur gaya toh lowest point hai iska 1536, breaking the trend turn to the downside good forex forum indian

[samsiah]

GOLD Technical Analysis

Gold is currently testing the upper limit of its medium-term bearish channel at 1,713 suggesting a decline. However, a break of these levels will initiate a violent bullish channel.
Technical indicators do not provide clear signals, and until the resistance is not broken the assumption of a decline is most likely. Bollinger bands have greatly tightened in the recent days showing a decline in volatility and the imminence of a violent movement.

[Bieela_cute]

Elliott: impulse wave up 1730.74
Current upmove should be ended around 1723.33 - 1727.86. Any correction consolidation should find support in 1715.21 - 1711.63 zone.
Warning: Imminent end of bullish move
Technical points
Key point 1,723.5500
Entry point 1,717.2700
Elliott 1,705.0100
Closing 1,720.7000
Projection 1,727.4600
Trendline 1,709.7300
Trendline 1,714.4500
Supports / Resistances
Res 2 1,735.0200
Ex-High 1,725.9600
Res 1 1,727.8600
Pivot 1,718.8000
Sup 1 1,711.6300
Ex-Low 1,709.7300
Sup 2 1,702.5700

[erespe]

After stays in a sideways for the last 5 days, finally, Gold have power to try to break the sideways pattern, but it was not enough. Today, I will watch for the 1723.43 level. As gold failed to break this level yesterday, then it will bring gold back to the sideways zone. Breaking this level will make gold to start the bullish trend.

[raihan8212]

Gold futures rose to the highest level in a week during U.S. afternoon hours Wednesday, as sentiment improved in the wake of destructive storm Sandy in the United States.

Gold traders waited for key Chinese manufacturing and U.S. employment data later in the week to gauge the health of the global economy.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,720.45 a troy ounce during U.S. afternoon trade, up 0.49% on the session.

Gold futures rose by as much as 1% earlier in the day to hit a session high of USD1,722.35 a troy ounce, which was the strongest level since October 23.

Gold prices were likely to find support at USD1,688.85 a troy ounce, the low from September 7 and resistance at USD1,730.35, the high from October 23.

Gold�s gains came as the euro found support after Spanish Prime Minister Mariano Rajoy said earlier that his country needs the help of the European Union to meet its budget goals, and added that EU progress on a banking union would allow leeway on making a formal request for aid.

The debt-strapped country has been reluctant to ask for financial assistance from its euro zone partners because of concerns it may come with conditions on its budget.

The dollar index, which tracks the performance of the greenback against a basket of six other major currencies, was down 0.1% to trade at 79.93.

Dollar weakness usually benefits gold, as it boosts the metal's appeal as an alternative asset and makes dollar-priced commodities cheaper for holders of other currencies.

Gold traders were looking ahead to a series of important political and economic events set to unfold in early November.

On Thursday, China will release a report on manufacturing data for October, followed by closely-watched U.S. non-farm payrolls data on Friday.

Political developments were likely to take center stage next week, with the U.S. presidential election on November 6 and the start of the Chinese Communist Party Congress on November 8, where a once-in-a-decade leadership change was to take place.

Elsewhere on the Comex, silver for December delivery rallied 1.52% to trade at USD32.30 a troy ounce, while copper for December delivery rose 0.28% to trade at USD3.515 a pound.

[dollar]

if we look in techincal indicator we find its is oversold and now momentum is also going to zero and increasing in possitive direction.
i think now gold has starting to move up side and may be we can see this will again touch 1800.00 level.

[nurdiantofxwave]

Gold rose strong with no barrier yesterday. Gold moved up and broke weekly pivot level (1712.67) then get new highest price in level (1725.20), but before american market session closed, price retraced down but weak and held in level 1717.80. Today it's predicted move up again following uptrend in medium term.

[secret alibi]

As seen on 4H chart, gold has broke above its
bearish trendline, suggesting a bullish reversal
especially if price could stay above 1720 area
to trigger further bullish momentum targeting
1735 region for nearest term. However we still
sideways about gold ahead of U.S. non-farm
payrolls report on Friday.

Resistance Level : 1720, 1735, 1748
Support Level : 1700, 1693, 1680
Trading Range : 1700 – 1735
Trend : Neutral

[raihan8212]

Gold futures edged higher during European morning trade on Thursday, hovering below the previous session�s high following the release of a pair of conflicting reports on Chinese manufacturing activity.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,724.35 a troy ounce during European morning trade, up 0.3% on the day.

Prices held in a tight trading range of USD1,718.45 a troy ounce, the daily high and a session low of USD1,711.25 a troy ounce. Gold futures fell to a seven-week low of USD1,699.65 a troy ounce on October 24.

Gold prices were likely to find support at USD1,688.85 a troy ounce, the low from September 7 and resistance at USD1,730.35, the high from October 23.

The state-affiliated China Federation of Logistics and Purchasing said earlier that its purchasing managers� index rose to a three-month high of 50.2 in October from September's 49.8. A reading above 50.0 signifies expansion.

A separate report from HSBC showed that manufacturing activity in the Asian nation improved to an eight-month high of 49.5 from September's 47.9, though it still indicated activity contracting for the 12th consecutive month.

Market players were now looking ahead to a series of important political and economic events set to unfold in early November.

Later in the day, the U.S. was to release the ADP report on nonfarm payrolls, as well as the weekly government report on initial jobless claims. In addition, the Institute of Supply Management was to publish data on U.S. manufacturing activity.

On Friday, the U.S. will release a closely-watched report on U.S. non-farm payrolls, to gauge the strength of the U.S. labor market.

Any improvement in the U.S. economy could scale back expectations for further easing from the Federal Reserve, boosting the dollar and potentially weighing on the precious metal.

Political developments were likely to take center stage next week, with the U.S. presidential election on November 6 and the start of the Chinese Communist Party Congress on November 8, where a once-in-a-decade leadership change was to take place.

Euro zone developments remained in focus. Investors remained cautious amid uncertainty over when Spain may request a bailout and whether Greece will secure the next tranche of its bailout funding.

Elsewhere on the Comex, silver for December delivery rose 0.5% to trade at USD32.47 a troy ounce, while copper for December delivery added 0.85% to trade at USD3.547 a pound.

[yudijoni]

Candlestick pattern formed rising wedge chart pattern. With Elliot Minor Wave (ranging), then, on the last point trendline breakout will occur where the price will go through Symmetrical Triangle. Technically, this condition would be a continuous trend of the price movement of gold. Although down Kumo will try to attract the attention of the candlestick, but the price is still going to happen again mark up and ter-accumulation at the level closest gap down last week.

Data - data from the U.S. economy would trigger market sentiment. Starting from employment, business climate, and the U.S. public service. Perform technical approach that can detect changes in prices. The opening of the European markets and the U.S. will also increase the level of volatility in gold prices due to high transaction volumes.

Trend: Bullish

Condition: Neutral

Verdict: 1735.00

Trading Plan:

1. Buy Stop@1722.70 TP U.S. $ 3 SL U.S. $ 3 (with your filter)

2. Buy Stop@1724.50 TP@1727.70

3. Buy Stop@1725.80 (after touching resistance 1, hold n trailing stop)

4. Sell ​​Stop <1717.40 TP U.S. $ 5

Congratulations transaction.
http://financeroll.co.id/wp-content/uploads/2012/11/xauusd_011112.gif

[hictor23]

XAU/USD
BUY
Enter :- 1720.10000
TP1 :- 1720.29763
TP2 :- 1720.49526
SL :- 1719.70478

Note this is just my attempt to predict the price could be right or wrong stop-loss order is very important must put always follow the trend

[yudijoni]

After ADP gold price still shows a tendency to consolidate in an important area. When this analysis revealed, gold moves above 1721.20 (23.6% Fibonacci retracement level) and below the 1728.80 resistance area - 1730.00.

Clearly the market remains cautious despite the upward trend is still visible from the position of the gold price is still above the moving average (now at 1718.20) and the uptrend line 1710.77.

Conditions such as these are a common phenomenon before NFP data to be released tomorrow.

[forexking2]

the gold price try to rise above SMA 50 as a positive first step supports rise further, while still on the fence so far to exceed the price a pivotal levels

[winstead]

Gold is still going to move to the level of 1730 before experiencing a weakening prices. If gold is able to break 1730 the price of gold will go to the level of 1743 i think.

[raihan8212]

Gold futures turned lower during U.S. morning trade on Thursday, erasing earlier gains following the release of better-than-expected U.S. employment and manufacturing data.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,718.75 a troy ounce during European morning trade, easing down 0.02% on the day.

Prices rose by as much as 0.5% earlier in the day to trade at a session high of USD1,727.25 a troy ounce, the strongest level since October 23.

Gold prices were likely to find support at USD1,688.85 a troy ounce, the low from September 7 and resistance at USD1,730.35, the high from October 23.

The Department of Labor said earlier that the number of individuals filing for initial jobless benefits fell to 363,000 last week from 372,000 the previous week, compared to expectations for a decline to 370,000.

The previous week�s figure was revised up to 372,000 from a previously reported 369,000.

The data came on the heels of a report showing that U.S. private sector employment increased more-than-expected in October.

Payroll processing firm ADP said the U.S. private sector added 158,000 jobs this month, surpassing expectations for an increase of 135,000.

Also Thursday, the Institute for Supply Management said its index of purchasing managers rose to a five-month high of 51.7 in October from a reading of 51.5 in September.

A separate report showed that U.S. consumer confidence rose to the highest level since February 2008 in October.

Market players now turned their attention to Friday�s government report on U.S. nonfarm payrolls to further gauge the strength of the U.S. labor market.

Any improvement in the U.S. economy could scale back expectations for further easing from the Federal Reserve, boosting the dollar and potentially weighing on the precious metal.

Political developments were likely to take center stage next week, with the U.S. presidential election on November 6 and the start of the Chinese Communist Party Congress on November 8, where a once-in-a-decade leadership change was to take place.

Euro zone developments also remained in focus. Investors were cautious amid uncertainty over when Spain may request a bailout and whether Greece will secure the next tranche of its bailout funding.

Elsewhere on the Comex, silver for December delivery rose 0.25% to trade at USD32.40 a troy ounce, while copper for December delivery rallied 1.1% to trade at USD3.555 a pound.

Copper prices were boosted after China�s state-affiliated Federation of Logistics and Purchasing said that its purchasing managers� index rose to a three-month high of 50.2 in October from September's 49.8. A reading above 50.0 signifies expansion.

A separate report from HSBC showed that manufacturing activity in the Asian nation improved to an eight-month high of 49.5 from September's 47.9, though it still indicated activity contracting for the 12th consecutive month.

The Asian nation is the world�s largest copper consumer, accounting for almost 40% of world consumption last year.

[hodhod2000]

The trading range for today is expected among the key support at 1700.00 and key resistance now at 1750.00.

The short term trend is to the upside targeting 1945.00 per ounce as far as areas of 1520.00 remain intact with a weekly closing.

[Bieela_cute]

Elliott: flat correction down 1705.01
There are initial signs of a good corrective recovery towards 1721.12 or even 1723.55. Supports at 1714.47 and 1710.26 zone.
Technical points
Key point 1,709.8000
Entry point 1,718.4500
Elliott 1,727.1100
Closing 1,715.1300
Projection 1,705.0100
Trendline 1,715.1600
Trendline 1,718.2200
Supports / Resistances
Res 2 1,731.9800
Ex-High 1,727.1100
Res 1 1,723.5500
Pivot 1,718.6900
Sup 1 1,710.2600
Ex-Low 1,713.8200
Sup 2 1,705.3900

[erespe]

Back in the sideways zone after failed to break 1723.43 level. It is possible that gold will be drop to the 1704.30 as now it runs on a downtrend. But remember this movement is in a sideways zone, means that it is possible to go up after down. Still no clear trend for gold.

[nurdiantofxwave]

Gold go down again, although yesterday, it could up strong until 1726.20. Price down started from american market session yesterday. Until now, price stil continue down and it's position had under daily support 1 level (1710.33).

[raihan8212]

Gold futures were lower in Asian trade on Friday.

On the Comex division of the New York Mercantile Exchange, Gold futures for December delivery traded at USD1708.75 a troy ounce at time of writing falling 0.39%.

It earlier traded at a session low USD1708.55 a troy ounce. Gold was likely to find support at USD1705.45 and resistance at USD1727.25.

US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, rose 0.10% to trade at USD80.20.

Elsewhere on the Comex, Silver for December delivery fell 0.46% to trade at USD32.100 a troy ounce while Copper for December delivery fell 0.48% to trade at USD3.537 a pound.

[ishvara]

Gold has plunged down from 1780 region to 1700, this is just a retracement. The bias for gold price and movements is bullish so this is a good buy point where we can open a buy order and then target 1800 all time high.

[Robi]

Gold appears again resumes south trend, the price has managed to break through the lower boundary of the rising channel and consolidated below it (go short), but so far for my main sales need to wait a minimum breakthrough 1700.00.