Gold

[Anytime]

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

[revivo]

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).

[nilu]

Price raised $5 after market open and formed another bullish candle on daily chart, if its able to break the 1551 then we see some quick rally toward all time high, Hold on buy order till all time high.

[anubhavsingh]

Gold ka 1 bahut strong resistance lagta hai 1550 pe...waise to is point kop todna thoda mushkil hai lekin agar gold iske upar nikal gaya to fir iska down trend itnio easily nahi aayega..
So for gold i would recommend you guys to wait and watch

[nilu]

Gold ka 1 bahut strong resistance lagta hai 1550 pe...waise to is point kop todna thoda mushkil hai lekin agar gold iske upar nikal gaya to fir iska down trend itnio easily nahi aayega..
So for gold i would recommend you guys to wait and watch

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.

[Victoryindia]

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 targeting 1531 then 1525

[Anytime]

DJIA on rally last nite.. gold were joint comm ccy to upside move.. as us index moving avergence with gold .. it was a noise signal...nothing much to predict

[Victoryindia]

The current trend downward trend 1530 targets and stop loss 1526 1542 if the price went to the highest point breakers 1542 the trend reversed to the upside targeting 1545 and then 1550

[mostafa abdelwahab]

Gold :

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 .

[Victoryindia]

Initial support at 1490 (Jun 27 low) followed by 1485 (76.4% retrace of 1462.45-1558.25). Initial resistance is now at 1526 (June 24 high) followed by 1523 (Jun 23 high).

[Victoryindia]

Overbought stochastic
could trigger bearish correction testing 1506
area. While breakout above the bearish
channel indicating bullish bias targeting 1520
area before testing 1532 region.

Resistance Level : 1520, 1532, 1550
Support : 1506, 1488, 1475
Range : 1506 – 1532
Trend : Bullish

[anubhavsingh]

lagatar 3-4 din neeche girnme ke bad gold ab stable ho gaya hai aur iska uptrend start ho gaya hai
mere khayal se gold ko yaah se kharid ke 1.5500 ke pas tak sell kiya ja sakta hai..gold me aap is waqt acha opasia kaam sakte ho

[anubhavsingh]

xauusd pair lagatar uptrend me chal raah hai aur abhi tak isne downtrend ka koi bhi signal nahi diya hai..
iski 4 hout aur 1 day candle bhi isko uptrend me show kar rahi hai lekin abhi ye pair apne 1 resistence ke pas hai..1.570 ke pas 1 bahut striong resistence hai..agar ye yaha se upar nahi jata to isko sell kiya ja sakta hai

[soumen]

after a long up trend today gold will go down to 1550 or below. current price 1585.20. its better to go for sell. no stop loss. you may close as you expected point.

[soumen]

yup ! yesterdaythe downtrend started for gold. i am right.
but today thoda gar bar hei. today will go down continue. now price 1581.50 i hope this will go down continue.

[soumen]

abhi to gold ka main up trend dekh raha hoon.
isliye ek buy order1594.10 pe de raha hoon. tp 15997.90
sl aap 1590.10 use kar sakte he. par sl na use kare to koi baat nehi.

[soumen]

Gold ka tp hit kar gaya at 15997.90. I think who follow my signal will happy for this.
but ek problem he ki gold ka long trade accha hota he. isliye ye chota mota trade karne se thoda fyda hote he. loss ka sambhavna lage rehta he. to isliye jiske paas kam balance ho wo gold ka trade na kare.. aur hamesha long trade pe jaye isse aur fyda hogi.
abhi gold jis position pe he uspe kuch kaha ne ja sakte. to abhi trade na kare.

[soumen]

aaj h4 chart ke anusar lag raha he ki gold niche ayega. to 1580.85 me ek sell order de. aur chota tp se santust rahe. sl bhi chota de.waise kam balance wale trader gold ka trade na kare.

[Victoryindia]

यदि 1,603.80 ऊपर एक m15 करीब केवल खरीदने और बेचने नहीं है. अगर कीमत नीचे बंद कर देता है इसे फिर से कुछ भी नहीं है.

यदि 1578.20 नीचे m15 करीब केवल बेचने और खरीदने के लिए नहीं है. अगर कीमत इसे ऊपर वापस बंद कर देता है फिर से कुछ भी नहीं

रेंज 1603.80 और 1578.20 तटस्थ क्षेत्र है, किसी भी व्यापार के बीच में किया व्यक्तिगत निर्णय और इस विश्लेषण का हिस्सा नहीं है

[soumen]

aaj gold ka upor jane ka oura sambhavna he. current price 1601.52 tp 1606.81 se upor rakhe aur no sl. buy me gold ka koi sl nehi hoga. par agar aap chhae to de sakte he. ye trend h4 ke mutabik he.

[soumen]

well aaj gold ka niche ane ka chance he. sell 1587 tp 1582 sl 1595.70
best of luck.

[soumen]

gold abhi thoda niche aa sakte he. uske baad ye phir upor jayega aaj.
buy pending at 1598.80 tp and sl aap kuch $ ka lav ya loss lekar close kar sakte he.

[nilu]

Gold will raise upto 1650-1660 levels and then we see some huge fall to retrace the Big raise in last few days and then we can target 1700 levels in some couple of months.

[soumen]

abhi gold upor jayega. h4 trend ke mutabik maine ye faisala li he ki abhi gold buy karna he. bold buy at 1613.17 and tp hoga 1618.99 ya usse kuch kam . and sl dene ka jarurat nehi agar aapke paas huge balance ho.

[nilu]

abhi gold upor jayega. h4 trend ke mutabik maine ye faisala li he ki abhi gold buy karna he. bold buy at 1613.17 and tp hoga 1618.99 ya usse kuch kam . and sl dene ka jarurat nehi agar aapke paas huge balance ho.

it will move up some more days till 1650 or 1660 buying now is some what dangerous because we may expect any fall because there was some huge raise in past days, lets wait for it to start some fall.

[soumen]

now aaj sell dena behtar he. kuch dinke up trend hone ke baad fall hona nischit he.
so sell at 1623.29
tp 1614.30
sl as u wish

[ganguly]

Gold on the Comex division of the New York Mercantile Exchange traded in a choppy fashion Wednesday as some investors booked profits and the dollar rebounded; nevertheless, prices will remain well supported until a deal is struck to raise the US debt ceiling.

[soumen]

well gold ka aaj down trend chalega. upor ane ka bas thoda chances he.
sell gold at 1613.37
tp as u wish or 1607.76
sl 1622.60

[ganguly]

The pair XAU/USD just found resistance on 1620 points.The pair is still above the upper band is its bullish channel.

[ganguly]

I have viewed the yesterday & today's trends
I found that gold is really falling in the last three days
I lost about 2.5k in my DEMO account just yesterday

[ganguly]

the movement of gold today was amazinf and very very volatile, i got good profit in gold, gain almost 2000 pips and gopt very good profit

[ganguly]

Gold is seen forming a head and shoulder pattern in the 4H chart. If the market can stay below 1607 today in the Asian session

[ganguly]

Gold moves lower on Friday, but still gains to week for 4 weeks, kerana ration parlimen awaiting the draw for the U.S. Republican Party regarding the draft budget to cut 2 Ogos ahead to increase the debt limit.

[ganguly]

The market is staying above the 1608 pivot (high from last week), and showing bullish continuation as the RSI in the daily chart breaks back above 70

[ganguly]

the movement of gold today was amazinf and very very volatile, i got good profit in gold, gain almost 2000 pips and gopt very good profit

[nilu]

http://i51.tinypic.com/2re0dw8.jpg

we may see some drop either big or small in Gold soon in this week according to my expectation if price won't break channel.

[s19]

http://i51.tinypic.com/2re0dw8.jpg

we may see some drop either big or small in Gold soon in this week according to my expectation if price won't break channel.

yes today we see down movement in audusd...so we expect that we can see little bit down movement in gold also

[nilu]

yes today we see down movement in audusd...so we expect that we can see little bit down movement in gold also

Aud and Gold are related directly because Australia is big exporter of Gold, Gold increasing regularly that's why AU also increasing

[gururaj]

I think gold will keep going up, maybe due many trader or investor choose gold as their safe heaven at the moment. the pair that been choosen so far is Swiss Franc. I can seen only the Swiss Franc go up against USD or against Ye

[niteshforex]

Gold is blasting through to set a ne record
high near 1660 area yesterday. Constant
move above 1660 area is needed to trigger
further bullish momentum targeting 1675
region. While stochastic on 4H chart is on
deeply overbought condition, which could
trigger bearish correction testing 1645 area for
nearest term.

[gururaj]

Gold in USD has reached a new historic peaks at 1673 USD / troy ounce, which is still shorter distance to 1700 USD / troy ounce

[niteshforex]

As we can see ... up trend with 55 SMA... I think it is very good chance to buy from the up trend with small target... what do you think, guys?

[gururaj]

Bias is back to bullish, after succeded break
resistance at 1630. Bias is still bullish as long
as the price moves inside bullish channel.
Immediate resistance is at 1672

[niteshforex]

Gold will Retrace & often there will be cargo to be aquired at that time but understand this.
Like Petrol/Gas, Long gone are the days of $1.00/Gallon.

[gururaj]

The price of gold is shooting up greatly as we speak. It broke its all time high standing at 1600 dollars per troy ounce and have even gone beyond that. This is happening because of the debt issues that is making the dollar to be weaker.

[niteshforex]

Despite the risk aversion surrounding the markets, gold reversed sharply after setting a new historic high around $1,685 an ounce, falling over $40 to $1,640/oz with traders reporting that the strong selloff in stocks is forcing investors to cover positions and meet margin calls.

[gururaj]

Gold is corrected sharply after set a new rcord
high near 1682 resistance area yesterday.
Constant move below 1645 support area
should bring gold lower to test 1623 � 1632
area.

[niteshforex]

Mexico, including the largest gold buyers throughout the year, reaching a total of $ 5.3 billion, or equal to 98 tonnes of gold, followed by Russia which has bought 48 tonnes of gold worth $ 2.6 billion. Previous Korea also confirmed the purchase of 25 tonnes of gold in June and July

[gururaj]

i'm thinking that they don't have to protect their investments since they already liquidated their earnings during the previous day (friday today so time de-stress). the bounce back up to 1660 happened mostly during the asian market where they found 1640 as a gold bargain.

[niteshforex]

There are plenty of folks that are predicting a deepening eurozone crisis over the weekend, which could spell $1,700 gold by Monday, while others believe that gold is overcrowded and correction to $1,550 is about to happen

[gururaj]

THe market is extended. And as beeb mentioned the ebb and flow sometimes it is necessary for the price although bullish - to come down allowing new money to enter. While others take profits.

[niteshforex]

Missed out on both the buys. I am waiting for some consolidation here but it seems unlikely given NFP. If there is a better jobs report I might get to buy at 1640 (triple bottom) or 1630-35 area. Will see about that.

[gururaj]

Although the chart may be extended now, when it goes sideways for a long enough time the gains become "pared" basically accepted at that price as a "fair market agreement value" this is because no one party is powerful or willing enough to sway it one way or the other.

[niteshforex]

Gold prices continued to rise on Thursday to hit a new record high amid rising concerns from the European debt crisis and signs of slowing growth in the United States economy, where investors fear Italy and Spain will be the next victims of the European debt crisis. Moreover, several central banks around the globe increased their holdings of gold over the past period, which provided gold prices with more momentum to rise.

[gururaj]

Mexico, including the largest gold buyers throughout the year, reaching a total of $ 5.3 billion, or equal to 98 tonnes of gold, followed by Russia which has bought 48 tonnes of gold worth $ 2.6 billion.

[niteshforex]

Gold is approaching the upper limit of its medium-term bullish channel in 1627 and seems to start a decline. However a break of these levels would free up significant potential and initiate a bullish trend more violent.

[venkiaries61]

I have not trade in gold yet. but i am going to try to trade in gold. this thread makes me to do so. I also plan to use 0.01 lot size only. All gold traders are also may follow this lot size. because, the moment is about 1000 pips per day.

[gururaj]

Intraday trade:

If a M15 close above 1667.80 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 1645.20 sell only and do not buy. If price closes back above it again do nothing

The range 1667.80 and 1645.20 is neutral area, any trade done in between is personal decision and not part of this analysis

[niteshforex]

Gold is up 0.43% this week as a steep sell-off in equities saw traders seeking refuge in the safety of the precious metal. Ongoing concerns that the Eurozone debt crisis may spill over into larger economies like Spain and Italy coupled with a surprise interest rate cut from the Swiss National bank and a Japanese currency intervention saw traders jettison higher yielding risk assets in a heightened flight to safety.

[Victoryindia]

gold 1700$ ke par jaa chuka aaj first time in history, jasie gold pagal hi ho gaya hai, main hamesha sochta tha long term ke liye buy karu par jaldi hi close kar diya

[gururaj]

We
need a clear break above 1682 to trigger
further bullish scenario targeting 1700 region.
Downside movement, immediate support is at
1641, break below that area could trigger
further bearish momentum aiming 1630 -
1603 region.

[gururaj]

Gold has broken several all time highs in the last 10 trading days. This is to indicate that gold will be in up trend for a long time.
Traders all over the world are adviced to buy gold on the long term.

[niteshforex]

The precious metals of gold are driven by a wide variety of factors, including money supply, debt levels, currencies, CDS spreads, interest rates, inflation and fabrication demand from downstream sectors such as jewelry, electronics, and solar applications.

[venkiaries61]

Gold was touched very high position. So, we may expect the down trend soon. I do long term trade. D1 chart is suitable for me. this support resistance is for my style
support 1.6690
Resistance 1.745
All the best

[niteshforex]

Gold reached news highs and is likely to continue the sharp rises during the day. Today, the Federal Reserve will meet to decide on the interest rate; Canadian housing starts stats will be published.

[nilu]

Gold reached news highs and is likely to continue the sharp rises during the day. Today, the Federal Reserve will meet to decide on the interest rate; Canadian housing starts stats will be published.

Its continuing the rally but Daily candles closing with some Big shadow which are good signs of sell in the coming days,

[anitagala124]

Intraday trade:

If a M15 close above 1799.80 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 1766.20 sell only and do not buy. If price closes back above it again do nothing

The range 1799.80 and 1766.20 is neutral area, any trade done in between is personal decision and not part of this analysis

[nilu]

Today candle is going to close as bearish one which suggesting correction has started, No more buy orders in Gold till it reach $15xx level.

[venkiaries61]

I was shocked. today i saw the weekly movements for the gold. The gold up for 12000 pips. Very very huge movement as we compared with eur/usd. I think there is no huge down from this position.

[anitagala124]

The sharp fall in the swiss franc has turned Gold lower to 1754.25 tempering the recent safe-haven demand for the metal .

That’s almost $60 off the earlier all time high set in Asia overnight

[anchitkole]

Analyzing structure from the July low suggests that a series of 4th and 5th waves should unfold. In other words, gold is headed higher but with corrections along the way. Near term support is 1740 and 1720. The next upside objective is not until 1926.50.

[anitagala124]

we can notice from the chart that the pair has closed under 1760.0000 , that's mean the down trend is expected and the pair might head to 1750.0000 then 1740.0000 , however the pair made a hourly correction

[anchitkole]

Markets are once again back under pressure after Tuesday’s equity market gains were entirely wiped out (9th worst point drop on record for Dow). Fear and panic remain firmly in control, and gold prices continue to soar to record highs beyond $1800.

[Victoryindia]

A recovery in risk appetite threatens to undermine gold prices for a second day amid fading safe-haven demand. Indeed, short-term correlation studies continue to show a significant inverse relationship between gold and the S&P 500 and the pickup in futures tracking the index ahead of the opening bell on Wall Street bode ill for the yellow metal.

[nilu]

Its second day for Gold fall almost $60 dropped from all time high, Now we will see some more fall to complete correction and then it stabilizes in $15xx are and then again starts rally

[anitagala124]

we can see that the pair has failed in breaking the level of 1760.00 and bounced from it , so that's mean the down trend is expected and the pair might head to 1720.00 and then 1700.00

[anchitkole]

Gold changed direction and fell for the first time this week following the recent margin hike by CME; silver also followed and declined. The stock markets continue to zigzag and sharply incline yesterday. Gold and silver are traded with moderate changes

[anitagala124]

we can notice from the chart that the Gold has closed under 1760.00 , that's mean the down trend is expected and the pair might head to 1730.00 then 1720.00 , however the pair made a hourly correction

[anchitkole]

Gold prices thrived as fears of a double-dip global recession began to circulate around financial markets amid increasingly overt signs of simultaneously slowing growth in all of the major hubs driving the recovery (China, the EU and the US).

[anitagala124]

That decline could turn into something more profound if renewed risk aversion is matched by a less than hysterical evaluation of the macroeconomic landscape.

[anchitkole]

The drop in the Yen is probably one of the reasons for the appreciation of US dollar against other currencies. If the USD will continue to appreciate during the day, this might continue to affect the recent rally of gold

[anitagala124]

we can see that the pair has failed in breaking the level of 1760.00 and bounced from it , so that's mean the down trend is expected and the pair might head to 1720.00 and then 1700.00

[anchitkole]

Markets are once again back under pressure after Tuesday’s equity market gains were entirely wiped out (9th worst point drop on record for Dow). Fear and panic remain firmly in control, and gold prices continue to soar to record highs beyond $1800.

[anitagala124]

As we have pointed out on numerous occasions, gold has flourished when investors� expectations of the post-2008 recovery hit sentiment extremes. For those expecting a brisk rebound (the so-called �V-shaped� recovery), gold was an attractive store of value amid fears that inflation would spiral out of central bankers� control and debauch paper currencies

[anitagala124]

If a M15 close above 1747.80 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 1732.20 sell only and do not buy. If price closes back above it again do nothing

The range 1747.80 and 1732.20 is neutral area, any trade done in between is personal decision and not part of this analysis

[anchitkole]

the pair and as we can see from the chart has closed it's weekly candle under the level of 1760.00 , so , that's mean the down trend is still standing and the pair is heading to 1740.00 then 1720.00

[Victoryindia]

Gold continued to settle lower on Friday, with the market finding support at 1720. Traders will now be looking for longs around 1720 in the expectation of a continuation of last week’s move higher.

[anitagala124]

the Gold is trading under the level of 1750.00 , any way if the pair succeeded in breaking 1750.00 , it will continue in it's up movements heading to 1760.00 and then 1770.0

[anchitkole]

Gold changed direction and fell for second straight day to end last week in the red. Gold is still 6.8% above the price from the end of July. This shift was probably stemmed from the recent margin hike by CME along with the cool down in the financial markets.

[anchitkole]

The recovery in risk appetite alluded to in S&P 500 futures positioning seems likely to undermine gold prices again on Monday amid fading safe-haven demand.

[anchitkole]

we can see that the gold has closed it's daily candle above 1750.00 exactly beside 1765.00 so , that's means that up trend is expected and the pair might head to 1780.00 and then 1790.00 ,but also the hourly correction is expected before continue in the up trend

[rakesh]

I'm Bullish on the 1Hr Support above 1,700 holding. (~ 1,718)
I expect Hiccups (Long Entry Opps) @1,747, 1,766, & 1,794 before popping the top.

[anchitkole]

the chart is showing that the pair is trading under level 1800.00 , that's mean the down trend is standing and the pair might reach 1785.00 , but if the pair succeeded in breaking 1800.00 , it will head to 1810.00 and then 1820.00

[rakesh]

Intraday trade:

If a M15 close above 1769.80 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 1752.20 sell only and do not buy. If price closes back above it again do nothing

The range 1769.80 and 1752.20 is neutral area, any trade done in between is personal decision and not part of this analysis

[anchitkole]

the chart is showing that the Gold has closed it's daily daily under the level of 1800.00 , and that's mean that the down trend is still standing and the pair might reach 1770.00 and then 1760.00 . and this is just hourly correction before continue the up trend to above 1800.00

[rakesh]

Currently uptrend should end around 1802.35 - 1794.77 area. A correction down to below 1768.87 is expected. A rise above 1803.88 will abort the expected correction.

[rakesh]

Intraday trade:

If a M15 close above 1787.80 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 1778.20 sell only and do not buy. If price closes back above it again do nothing

The range 1787.80 and 1778.20 is neutral area, any trade done in between is personal decision and not part of this analysis

[sagar]

Initial support levels are seen at $1765.45 and $1735.13, the 14.6% and 23.6% Fibonacci retracements.

[rakesh]

The latest correction ended just before the former 4th wave extreme at 1720 and price is expected to reach a new before the next 4th wave begins. Look higher. 1765 is short term support.

[sagar]

Analyzing structure from the July low suggests that a series of 4th and 5th waves should unfold. In other words, gold is headed higher but with corrections along the way

[Victoryindia]

Gold price approached 1800 again as the US dollar weakened. Disappointments from Merkel and Sakorzy's meeting also drove demand for safe-haven higher.

[rakesh]

as we can see from the chart , the pair has succeeded in breaking 1800.00 and reached 1824.00 , so that's mean the up trend is still standing and the pair might head to 1850.00 and the 1870.00

[sagar]

XAUUSD could not make the characteristic huge move against the USD yesterday. . . but we're still within major strong bullish bias, however, there is a scenario on H4, the metal is trapped between 1802 and 1782

[rakesh]

the chart is showing that the pair has succeeded in closing it's daily candle above level 1820.00 , and that's mean the up trend is still standing and the pair might head to 1830.00 and then 1840.00

[sagar]

gold 1845 tak aa chuka hai iska long term hi target hai , 2000$ rak chune wala hai kuch hi month me , aoo buy kar sakte ho

[rakesh]

Prices are probing above the 76.4% Fibonacci extension level at $1856.98 to challenge Andrew’s Pitchfork resistance at $1880.44, with a break above that exposing the 100% extension at $1898.36. Near-term support lines up at $1831.38 as the 61.8% Fib.

[sagar]

S&P 500 stock index futures positioning point to more of the same on Wall Street, but as noted above, a relief rally in risky assets seems like a distinct possibility and may trim gold’s advance.

[rakesh]

we can see that the gold has closed it's daily candle above 1840.00 . so , that's means that up trend is expected and the pair might head to 1860.00and then 1870.00,but also the hourly correction is expected before continue in the up trend

[sagar]

The way I see it, due to seasonal strength in gold, a new high will be printed very soon in september. There will be room time-wise to get in long upon a retrace to 1780-1800 area for a target of 1940-1960, which is expected to be delivered by end of September 2011.

[siddesh]

The spot price for Gold hit a fresh record high of $1878.15/oz and the near-term rally may gather pace in the following week as market participants continue to look for an alternative to the reserve currency

[sagar]

Safety-seeking capital flows amid deepening market turmoil have continued to drive gold higher in Europe, with the yellow metal setting another record high

[siddesh]

The spot price for Gold hit a fresh record high of $1878.15/oz and the near-term rally may gather pace in the following week as market participants continue to look for an alternative to the reserve currency

[sagar]

Gold prices looks poised to advance further in the following week, and we may see a push towards $2000/oz as it benefits from safe-haven flows

[siddesh]

the bullish sentiment underlying the precious metal continues to point towards higher prices, and the bullion may set fresh record-highs in the days ahead as we�re likely to hear central bankers across the globe cast a dour outlook for future growth.

[sagar]

he precious metal remains overbought, we probably won�t see a correction until the relative strength index falls back below 70, and the technical outlook for the bullion remains fairly bullish as it trades within an upward trend channel

[siddesh]

If a M15 close above 1890 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 1865 sell only and do not buy. If price closes back above it again do nothing

The range 1890 and 1865 is neutral area, any trade done in between is personal decision and not part of this analysis

[sagar]

Prices are showing signs of weakness below the $1900 figure, with a reversal through interim support at $1856.98 � the 76.4% Fibonacci extension level � exposing the 61.8% Fib at $1831.38

[siddesh]

The spot price for Gold hit a fresh record high of $1894.15/oz and the near-term rally may gather pace in the following week as market participants continue to look for an alternative to the reserve currency.

[jai]

in the next hours I expect a rebound from the current support levels and a new appreciation of the gold toward the resistance at $1900. The indicators send signals for long.

[sagar]

we can see that the gold has closed it's daily candle above 1890.00 . so , that's means that up trend is expected and the pair might head to 1910.00 and then 1920.00 ,but also the hourly correction is expected before continue in the up trend

[siddesh]

Gold has reached its Elliott channel therefore the 4th wave correction may begin soon. Support comes in at 1815/40.

[sagar]

the gold and as we can see from the chart is trading under level 1890.00 , so , that's mean the down trend is still standing and the pair might head to 1880.00 and then 1870.00 how ever the pair made any hourly correction

[siddesh]

4th wave correction is expected to begin and bring price back to 1815 or so before the final high is put in above 1900. 1900 has already been exceeded so respect the potential for a more important high to form.

[siddesh]

the pair and as we can see from the chart has closed it's daily candle under the level of 1860.00 , so , that's mean the down trend is still standing and the pair is heading to 1840.00 then 1820.00

[siddesh]

I expect impairment of gold to support the diagonal line upward trend in the area around 1770. When there is divergence MACD, RSI indicators also signal a decline after he left the area over purchases overcame the quotation and the support of the MA50. Indicators signals for shorts.

[siddesh]

the pair and as we can see from the chart has closed it's daily candle under the level of 1770.00 , so , that's mean the down trend is still standing and the pair is heading to 1760.00 then 1750.00

[Victoryindia]

XAU/USD continues to be on traders radars. The massive $180 drop over the past few days has many skittish. The metal was able to tack on a limited amount, but nothing near a definable rally

[Trader]

It is going to drop for some time but as there is a lot of insecurity in currency market i personally am of the opnion that Gold is a safe heaven for right now and it is going be till the time currency markets don't recover

[jai]

It is more likely to go up to around 1760 than 1800, and after that, it might have potentially to go down.

[jai]

If a M15 close above 1800 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 1765 sell only and do not buy. If price closes back above it again do nothing

The range 1800 and 1765 is neutral area, any trade done in between is personal decision and not part of this analysis

[jai]

I expect impairment of gold to support the diagonal line upward trend in the area around 1770. When there is divergence MACD, RSI indicators also signal a decline after he left the area over purchases overcame the quotation and the support of the MA50. Indicators signals for shorts.

[jai]

The spot price for Gold hit a record high of $1912.05/oz on Tuesday before falling sharply, as low as 1703.25, as investors unwound long positions and took profits amid tempered optimism that perhaps the global economy would be able to stagger along without falling into a recession.

[jai]

It is more likely to go down to around 1802 or lower, and after that, it might have potentially to go up to around 1880 AND 1902

[jai]

If a M15 close above 1850 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 1802 sell only and do not buy. If price closes back above it again do nothing

The range 1850 and 1802 is neutral area, any trade done in between is personal decision and not part of this analysis

[amit]

Weakness has extended to the Fibonacci level (1710) and consolidation / pullback is favored in wave 4 before a new low is registered in wave 5. 1750/70 is resistance.

[jai]

If a M15 close above 1800 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 1750 sell only and do not buy. If price closes back above it again do nothing

The range 1800 and 1750 is neutral area, any trade done in between is personal decision and not part of this analysis

[jai]

I expect uptrend movement toward the resistance near $1857. MACD does not send a clear signal, RSI left the oversold zone signaling for long, all the three MA's support the price-the indicators send signals for long.

[ganguly]

If a M15 close above 1810 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 1760 sell only and do not buy. If price closes back above it again do nothing

The range 1810 and 1760 is neutral area, any trade done in between is personal decision and not part of this analysis

[sanjeev]

gold abhi thoda shant hua hai par iska long term upar ki taraf hai aur iska target 2000$ ki taraf hai, aap buy kar sakte ho

[jai]

Gold is in a strong up trend, but nevertheless we see a downward correction, suppose that the next direction for the next day will be the price of 800 per troy unce,According to my estimates before we go down the price of 2000,to 2000 are included strong sales and we assume the maximum price for 1994 per unce,good luck all

[ganguly]

the chart is showing that the gold has succeeded in closing it's daily candle above level 1820.00 , and that's mean the up trend is still standing and the pair might head to 1850.00 and then 1870.00

[sanjeev]

If a M15 close above 1823.80 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 1830.20 sell only and do not buy. If price closes back above it again do nothing

The range 1823.80 and 1830.20 is neutral area, any trade done in between is personal decision and not part of this analysis

[jai]

we can see that the pair has closed it's daily candle above 1800.00 . so , that's means that up trend is expected and the pair might head to 1850.00 and then 1865.00 ,but also the hourly correction is expected before continue in the up trend

[ganguly]

Thu's rebound and a bullish candle above 1702.44, close to a 50% of the Jul-Aug advance and the former 2.5yr bull chnnl resist (now serving as a supp), favours a recovery twds 1853.60+. 1757.01 should limit dips.

[sanjeev]

If a M15 close above 1840 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 1830 sell only and do not buy. If price closes back above it again do nothing

The range 1840 and 1830 is neutral area, any trade done in between is personal decision and not part of this analysis

[ganguly]

tentative rising trend line currently standing at 1814

LONG positions above 1810 with 1840 & 1855 in sight.
@
The downside breakout of 1810 will open the way to 1770 & 1742.

[sanjeev]

Gold is in a strong up trend, but nevertheless we see a downward correction, suppose that the next direction for the next day will be the price of 800 per troy unce,According to my estimates before we go down the price of 2000

[chirayu]

the pair and as we can see from the chart is trading now above the level of 1800.00 , so when ever the pair success in breaking 1800.00 , that's mean the down trend will be assured and the pair might head to 1780.00 and then 1760.00

[sunil]

A lower high is now sought to compliment last week's huge downside reversal. Marginally broke above the 61.8% retrace to indicate a pause in the latest relief rally. Below 1783.20 triggers 1757.01; above 1867.97 defers.

[chirayu]

If a M15 close above 1833 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 1821 sell only and do not buy. If price closes back above it again do nothing

The range 1833 and 1821 is neutral area, any trade done in between is personal decision and not part of this analysis

[sunil]

Gold and silver started September with light falls, but they have already changed direction and started the day rising. it have big resistance at 1912

[chirayu]

If a M15 close above 1912 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 1860 sell only and do not buy. If price closes back above it again do nothing

The range 1912 and 1860 is neutral area, any trade done in between is personal decision and not part of this analysis

[sunil]

Gold is positioned to rise in the week ahead as jittery financial markets continue to fret about the pace of economic growth, driving safe haven demand for the yellow metal, while building expectations of another round of Federal Reserve stimulus compound upward pressure as investors look for alternative stores of value

[chirayu]

Break above 1912 area should target 1950 as next resistance, while break below 1840 could bring gold lower to test 1802 region.

[sunil]

It is more likely to go down to around 1852 or lower, and after that, it might have potentially to go up to around 1880 AND 1902

[chirayu]

Thu's rebound and a bullish candle above 1702.44, close to a 50% of the Jul-Aug advance and the former 2.5yr bull chnnl resist (now serving as a supp), favours a recovery twds 1853.60+. 1757.01 should limit dips.

[chirayu]

Revised second-quarter GDP readings from Japan and the Euro Zone are expected to add to the pile of evidence pointing to increasingly anemic performance across the world’s leading growth engines.

[sunil]

Gold is currently testing the upper limit of its short-term bearish channel in 1833 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its medium-term bullish channel to 1870.

[chirayu]

Gold broke out of the $1836 level and is now racing towards its previous high of $1912. Going LONG into gold now would be suicide. It would be best to wait till it re-tests the $1836 level, as highlighted in the chart in yellow, before going LONG into gold.

[sunil]

Gold reached news highs and is likely to continue the sharp rises during the day. Today, the Federal Reserve will meet to decide on the interest rate; Canadian housing starts stats will be published

[chirayu]

Has extended over last week's consolidative ceiling at 1840.63, shrugging off suggestion of bull exhaustion, to retest the all-time peak at 1911.46. A return under 1813.40 (01 Sep low) is needed to shift focus lower.

[sunil]

If a M15 close above 1890 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 1850 sell only and do not buy. If price closes back above it again do nothing

The range 1890 and 1850 is neutral area, any trade done in between is personal decision and not part of this analysis

[chirayu]

the high of 1912 is strong resistance if price can break it we will see more rising to level 2000 but I think price can not break this high

[sunil]

If a M15 close above 1912 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 1850 sell only and do not buy. If price closes back above it again do nothing

The range 1912 and 1850 is neutral area, any trade done in between is personal decision and not part of this analysis

[chirayu]

Gold reached a level of resistance at 1840.52. Upon successful breakthrough at these levels, precious metals will begin restoring lost positions yesterday. An unsuccessful test of these levels, gold will make a correction to the short diagonal support in 1806.50/1807.50. There is narrowing of the range upward, resembling trigagalnik. Technical indicators give a buy signal.

[ishvara]

Gold is in a big retracement now since it fell from 1900 dollars per troy ounce to 18.** region. I believe that up trend will still resume in this pair soon because gold remains bullish for many years and the dollar and the american economy is not getting better.

[sunil]

If a M15 close above 1870 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 1820 sell only and do not buy. If price closes back above it again do nothing

The range 1970 and 1820 is neutral area, any trade done in between is personal decision and not part of this analysis

[chirayu]

As with crude, gold prices are looking to Ben Bernanke’s speech for direction cues. As we outlined in our weekly forecast, the metal has scope to capitalize both on the risk aversion in the absence of QE3 as well as a bounce in sentiment driven by stimulus hopes.

[chirayu]

Gold just bounced off the 1825 support. It seems it is heading back into the 1840-1867 area where ranging was the predominant personality of the market.
Above 1840 trade only to the upside. If you are a conservative trader, stay out of the market altogether today.

[sunil]

If a M15 close above 1840 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 1810 sell only and do not buy. If price closes back above it again do nothing

The range 1840 and 1810 is neutral area, any trade done in between is personal decision and not part of this analysis

[chirayu]

GOLD overcome the resistance around 1837 would signal a rise in precious metal to resist the diagonal of 1850. Current levels are at risk for taking up long positions. In general, technical indicators do not send clear signals

[sachin]

we can see that the pair has closed it's daily candle above 1800.00 . so , that's means that up trend is expected and the pair might head to 1850.00 and then 1865.00 ,but also the hourly correction is expected before continue in the up trend

[dentist]

XAU/USD found support yerterday on 1800 points.
The pair is currently finding resistance on 1840 points.
Indicators are mitigated.
We maintain to trade only long positions as far as 1800 is support.
The breakout of 1900 points will give a new buy signal and open the way towards new historics highs.
In case of return below 1800 points, we will wait new signals

[sachin]

the chart is showing that the Gold has succeeded in closing it's daily candle above level 1800.00 , and that's mean the up trend is still standing and the pair might head to 1835.00 and then 1850.00

[chetan]

गुरु पलटाव और 1702.44 के ऊपर एक तेजी मोमबत्ती, जुलाई - अगस्त अग्रिम और पूर्व 2.5yr बैल chnnl के एक 50% के करीब विरोध (अब एक supp के रूप में सेवारत), के पक्ष में एक वसूली 1853.60 + twds. 1757.01 dips सीमा चाहिए.

[sachin]

GOLD expect impairment of gold to support 1775 as the first target price. Technical indicators are also signals for sale.

[chetan]

गोल्ड दिशा बदल गया और पहली बार के लिए इस सप्ताह गिर गया सीएमई द्वारा हाल ही में मार्जिन में वृद्धि के बाद, चांदी भी पीछा किया और गिरावट आई है. शेयर बाजार के लिए वक्र और कल तेजी इच्छा जारी है. सोने और चांदी के उदारवादी परिवर्तन के साथ कारोबार कर रहे हैं

[sachin]

I think we will see further landing on gold and if price can break level 1750 ,price will continue landing to 1702 but if price succeed to close above resistance of 1815 we will see more rising to 1844

[chetan]

याद रखें, बाजारों में दोनों मूल्य और समय में ठीक करने की आवश्यकता है. 1760 कम एक परीक्षण की चेतावनी के नीचे एक बूंद के साथ अवधि के समर्थन के पास है.

[sachin]

the chart is showing that he pair has succeeded in breaking the level of 1800.00 , so that's mean the uptrend is still standing and the pair might continue it's up movements heading to 1830.00 and then 1845.00

[chetan]

गोल्ड एक बहुत मजबूत प्रतिरोध लगता है 1920 ... पे करने के लिए waise का बिंदु Kop todna थोड़ा मुश्किल है lekin अगर सोने iske प्रवृत्ति itnio आसानी से नही आएगा नीचे ऊपर निकल प्राथमिकी iska गया है ..
तो मैं सोने के लिए तुम लोग इंतज़ार करो और घड़ी की सिफारिश करेंगे

[sachin]

Gold fell 2.46% against the greenback this week as global equity markets rallied on optimism that European officials will be able to avert a Greek default. Sentiment remains fragile however as increased volatility in financial markets and uncertainties about future growth prospects persist

[chetan]

गोल्ड 1,840.52 पर प्रतिरोध के स्तर पर पहुंच गया. इन स्तरों पर सफल सफलता पर, कीमती धातुओं खो पदों बहाल कल से शुरू हो जाएगा. इन स्तरों के एक असफल परीक्षण, सोने 1806.50/1807.50 में कम विकर्ण का समर्थन करने के लिए एक सुधार कर देगा.

[sachin]

I think GOLD will going down little bit . Because this is related with USD . So euro always strong and hope EUR/USD will touch 1.45XX very soon . That means Euro will be strong in future. So that means Gold must be down little bit.

[chetan]

गोल्ड लगातार और बड़े पैमाने पर नहीं ले जाया गया है. यह एक बुलबुला नहीं है. कच्चे तेल की रैली एक बुलबुला कहा जा सकता है. गोल्ड कुछ और की तुलना में सुरक्षित ठिकाना होने पर एक लंबा इतिहास है.

[sachin]

this is related with USD , so if EURO will going up that means USD will fall . So Gold should be going down . already down little bit. may be will fall more.

[chetan]

न्यूयॉर्क मर्केंटाइल एक्सचेंज के Comex विभाजन पर गोल्ड बुधवार को एक तड़का हुआ फैशन में कारोबार के रूप में कुछ निवेशकों को मुनाफावसूली और डॉलर rebounded, फिर भी, कीमतों में अच्छी तरह से समर्थित रहेगा जब तक एक सौदा करने के लिए अमेरिका के ऋण छत बढ़ा के घेरे में है.

[sachin]

As the price has not moved so much.i think it will go up for 1832.xx.then it will start falling down...........the 1833.xx is the R 1 of pivot point..............

[akshayfuriya]

If a M15 close above 1870 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 1820 sell only and do not buy. If price closes back above it again do nothing

The range 1970 and 1820 is neutral area, any trade done in between is personal decision and not part of this analysis

[sachin]

Thu's rebound and a bullish candle above 1702.44, close to a 50% of the Jul-Aug advance and the former 2.5yr bull chnnl resist (now serving as a supp), favours a recovery twds 1853.60+. 1757.01 should limit dips.

[sachin]

the chart is showing that the Gold has closed it's daily candle under the level of 180.00 exactly at 1778.00 , and that's mean that the down trend is still standing and the pair might reach 1765.00 and then 1750.00 .

[akshayfuriya]

If a M15 close above 1800 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 1750 sell only and do not buy. If price closes back above it again do nothing

The range 1800 and 1750 is neutral area, any trade done in between is personal decision and not part of this analysis

[akshayfuriya]

A major directional breakout seems unlikely until Wednesday when the Fed unveils the outcome of the sit-down, but the technical picture continues to argue for a double top below the $1900/oz figure marked by a pair of Bearish Engulfing candlestick patterns.

[akshayfuriya]

the chart and as we can see on it is showing the pair has succeeded in closing it's daily candle above level 1800.00 , and that's mean the up trend is still standing and the pair might head to 1810.00 and then 1820.00

[rajesh]

If a M15 close above 1830 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 1800 sell only and do not buy. If price closes back above it again do nothing

The range 1830 and 1800 is neutral area, any trade done in between is personal decision and not part of this analysis

[akshayfuriya]

XAUUSD was mostly bullish yesterday and in Asian session today broke outside triangle consolidation to the upside. . . but there has been no pressure since the break. The bias is neutral for now until further price action confirm or cancel break.

[rajesh]

If a M15 close above 1810 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 1800 sell only and do not buy. If price closes back above it again do nothing

The range 1810 and 1800 is neutral area, any trade done in between is personal decision and not part of this analysis

[akshayfuriya]

the pair and as we can see from the chart has closed it's daily candle under the level of 1790.00 , so , that's mean the down trend is still standing and the pair is heading to 1975.00 then 1965.00

[rajesh]

If a M15 close above 1800 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 1750sell only and do not buy. If price closes back above it again do nothing

The range 1800 and 1750 is neutral area, any trade done in between is personal decision and not part of this analysis

[akshayfuriya]

Gold moved higher on Tuesday afternoon, helped by the rupee, which hit its lowest level in two years, making the dollar-quoted yellow metal expensive, dealers said.

[ketan]

we can notice from the chart that the Gold has closed it's daily candle under 1750.00 , that's mean the down trend is expected and the pair might head to 1730.00 then 1720.00 , however the pair made a hourly correction

[rajesh]

If a M15 close above 1750 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 1702 sell only and do not buy. If price closes back above it again do nothing

The range 1750 and 1702 is neutral area, any trade done in between is personal decision and not part of this analysis

[ketan]

as we can see from the chart the pair has success in breaking the level of 1700.00 and now the pair is trading under it , that's mean the down trend is standing and the pair might head to 1685.00 then 1675.00

[rajesh]

If a M15 close above 1700 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 1652 sell only and do not buy. If price closes back above it again do nothing

The range 1700 and 1652 is neutral area, any trade done in between is personal decision and not part of this analysis

[ketan]

we can notice from the chart that the Gold has closed it's daily candle under 1670.00 , that's mean the down trend is expected and the pair might head to 1650.00 then 1640.00 , however the pair made a hourly correction

[rajesh]

XAUUSD was strongly bearish yesterday, broke below 1757 support which is also the actual neckline of the daily double top. The bias is bearish targeting 1663 area barring minor stoppages. On H4 price still has some support (thick yellow line), but I think that after minor consolidation there it would give way on the downside.

[ketan]

A major directional breakout seems unlikely until Wednesday when the Fed unveils the outcome of the sit-down, but the technical picture continues to argue for a double top below the $1900/oz figure marked by a pair of Bearish Engulfing candlestick patterns.

[rajesh]

candle is going to close as bearish one which suggesting correction has started, No more buy orders in Gold till it reach $15xx level.

[ketan]

Gold plummeted nearly 9% this week as sharp declines in equity markets fueled haven flows into the dollar. The FOMC rate decision on Wednesday saw the Fed announce the purchase $400 billion in long-term debt in an operation dubbed by market participants as ‘operation twist.’

[rajesh]

S&P 500 stock index futures positioning point to more of the same on Wall Street, but as noted above, a relief rally in risky assets seems like a distinct possibility and may trim gold�s advance.

[vikas]

Interim support for the precious metal now stands at $1630 with subsequent floors eyed at $1600 and the 76.4% Fibonacci retracement at $1585. A break back above interim resistance at $1680 eyes topside targets at $1700 backed by $1720 and the 38.2% retracement at $175

[rajesh]

Despite gold�s recent decline the precious metal may see a rebound should recessionary fears persist with the longer term outlook still weighted to the topside.

[vikas]

today movement has reach to important support area and it already closed the gap on the daily chart........from the technical analysis once the gap has been close the market will reverse back up to it major trend.....

[aniket]

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).

[vikas]

as we can notice from the chart , the pair has stated it's trading week under the level of 1620.00 and that's mean that the down trend is expected for this week and the pair might head to 1600.00 and then 1590.00

[aniket]

gold abhi thoda niche aa sakte he. uske baad ye phir upor jayega aaj.
buy pending at 1598.80 tp and sl aap kuch $ ka lav ya loss lekar close kar sakte he.

[vikas]

the pair and as we can see from the chart has closed it's daily candle under the level of 1650.00 , so , that's mean the down trend is still standing and the pair is heading to 1615.00 then 1600.00

[aniket]

If a M15 close above 1700 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 1642 sell only and do not buy. If price closes back above it again do nothing

The range 1700 and 1642 is neutral area, any trade done in between is personal decision and not part of this analysis

[vikas]

CME put margin on Gold again. That's why gold dropped. I had a trade opened. I hedge my trade from 1656. If gold come to near 1500, I will close my sell order and keep buy trade. I think gold will not be able to back to 1800 area so easily.

[aniket]

If a M15 close above 1680 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 1630 sell only and do not buy. If price closes back above it again do nothing

The range 1680 and 1630 is neutral area, any trade done in between is personal decision and not part of this analysis

[mojacko]

gold is going up since going down to 1532, so it is a good thing to buy because the reversal has started. so I think it is time to go up again.

[bigearners]

gold is seems to be moving on upside for next few days.
So, its good time to buy position over forex market.

[vikas]

Gold is inching lower overnight as the market-wide correction in post-FOMC moves seemingly begins to lose momentum

[netra]

If a M15 close above 1700 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 1602 sell only and do not buy. If price closes back above it again do nothing

The range 1700 and 1602 is neutral area, any trade done in between is personal decision and not part of this analysis

[aniket]

because of the moving under the level of 1650.00 as we can see from the chart , I think the down trend is still standing and the pair might head to 1625.00 and then 1610.00 how ever the Gold made any hourly correction

[netra]

as what i can see in the hourly shart i think the gold have return in bulish all in dicator give the up direction

[aniket]

the Gold and as we can see from the chart has closed it's daily candle under the level of 1600.00 , so , that's mean the down trend is still standing and the pair is heading to 1585.00 then 1570.00

[netra]

If a M15 close above 1650 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 1602 sell only and do not buy. If price closes back above it again do nothing

The range 1650 and 1602 is neutral area, any trade done in between is personal decision and not part of this analysis

[aniket]

the pair and as we can see from the chart is trading now above the level of 1600.00 , and that's will lead the pair to reach 1590.00 and then 1575.00 just if the pair succeeded in breaking the level of 1600.00

[netra]

If a M15 close above 1630 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 1602 sell only and do not buy. If price closes back above it again do nothing

The range 1630 and 1602 is neutral area, any trade done in between is personal decision and not part of this analysis

[netra]

as what i can see in the hourly shart i think thr gold is alreday bearish but i think if he close abouve the 1633.21 he will up again

[netra]

XAUUSD had a volatile trading day yesterday, but the intraday bias is still bearish as long as price stays below 1645 targeting 1588 and even below

[arihant]

Gold traded heavy during the last week of September and the bearish sentiment underlying the bullion may carry into the following month as market participants diversify away from the precious metal.

[arihant]

the spot price down to a fresh monthly low of $1532.72/oz, and the precious metal may continue to give back the sharp rally from earlier this year as the U.S. dollar appreciates against its major counterparts.

[nikhil]

candle is going to close as bearish one which suggesting correction has started, No more buy orders in Gold till it reach $15xx level.

[arihant]

Although gold has recovered some of its safe haven status in the short term from last week, where there was a large jump in correlations between the yellow metal

[nikhil]

If a M15 close above 1660 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 1602 sell only and do not buy. If price closes back above it again do nothing

The range 1660 and 1602 is neutral area, any trade done in between is personal decision and not part of this analysis

[arihant]

the pair and as we can see from the chart is trading now above the level of 1650.00 , and that's will lead the pair to reach 1590.00 and then 1575.00 just if the pair succeeded in breaking the level of 1600.00

[nikhil]

If a M15 close above 1660 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 1632 sell only and do not buy. If price closes back above it again do nothing

The range 1660 and 1632 is neutral area, any trade done in between is personal decision and not part of this analysis

[arihant]

we can see that the pair has closed it's daily candle above 1650.00 . so , that's means that up trend is expected and the pair might head to 1675.00 and then 1690.00 ,but also the hourly correction is expected before continue in the up trend

[nikhil]

The market has been in a consolidation phase. Last Thu's strong rejection at 1582.80 suggests a higher low at the latter may be in place ahead of an attempt on 1702.44. at this position sell is good for scalp.

[arihant]

as what i can see in the hourly shart i think the gold have enter in bearish in closing below the 1640.4 the macd is below the 0 level

[nikhil]

If a M15 close above 1630 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 1600 sell only and do not buy. If price closes back above it again do nothing

The range 1630 and 1600 is neutral area, any trade done in between is personal decision and not part of this analysis

[arihant]

the Gold and as we can see from the chart has closed it's daily candle above the level of 1620.00 , so , that's mean the up trend is still standing and the pair is heading to 1645.00 then 1660.00

[nikhil]

If a M15 close above 1660 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 1612 sell only and do not buy. If price closes back above it again do nothing

The range 1660 and 1612 is neutral area, any trade done in between is personal decision and not part of this analysis

[arihant]

The Important level 1530

because of

area of 200 days Moving average + Daily Up trend + monthly fibo 23.6
if Gold still above this level we will see up movements
If break it to down we may see price around 1283

[nikhil]

If a M15 close above 1660 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 1601 sell only and do not buy. If price closes back above it again do nothing

The range 1660 and 1601 is neutral area, any trade done in between is personal decision and not part of this analysis

[arihant]

Break out of this range is needed to trigger further momentum, while aggressive trader could enter short position around 1640 area or 1624 with tight stop loss.

[nikhil]

If a M15 close above 1650 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 1600 sell only and do not buy. If price closes back above it again do nothing

The range 1650 and 1600 is neutral area, any trade done in between is personal decision and not part of this analysis

[arihant]

as we can see on the chart , the pair is trading under the level of 1650.00 , any way if the pair succeeded in breaking 1650.00 , it will continue in it's up movements heading to 1630.00 and then 1615.00