My own analysis For this pair GOLD
Pivot Point is 1295.76
Support 1 1290.7
Support 2 1283.03
Support 3 1270.3
Resistance 1 1303.43
Resistance 2 1308.49
Resistance 3 1321.22
Trade at your own risk
Printable View
My own analysis For this pair GOLD
Pivot Point is 1295.76
Support 1 1290.7
Support 2 1283.03
Support 3 1270.3
Resistance 1 1303.43
Resistance 2 1308.49
Resistance 3 1321.22
Trade at your own risk
Gold failed to capitalize on the previous session's post-NFP goodish up-move to one-week tops and traded with a mild negative bias through the early European session on Monday.
With investors looking past the latest disappointment from the headline NFP, a goodish pickup in the US Treasury bond yields turned out to be one of the key factors exerting some fresh downward pressure on the non-yielding yellow metal at the start of a new trading week.
Meanwhile, positive US bond yields also extended some support to the US Dollar, which coupled with improving risk sentiment, as depicted by a positive trading sentiment around equity markets dampened the precious metal's perceived safe-haven demand and added to a mildly weaker tone.
The downside, however, remained limited, at least for the time being, amid prolonged uncertainty over Britain's exit from the European Union ahead of Tuesday's meaningful parliament vote and the fast-approaching deadline on March 29.
Moving ahead, today's US economic docket, highlighting the release of monthly retail sales data, might influence the USD price dynamics and eventually produce some meaningful trading opportunities around the dollar-denominated commodity later during the early North-American session.
Technical levels to watch
Immediate support is pegged near the $1294-93 region, below which the commodity is likely to accelerate the slide towards the $1286 intermediate support en-route last week's swing lows, around the $1281-80 area. On the flip side, sustained move beyond the key $1300 psychological mark could get extended towards the $1304-05 horizontal hurdle, which if cleared might lift the metal further towards testing the $1314-15 supply zone.
"Hello dear members of this great community, here are my analysis of GOLD for today.
GOLD is Strong Sell according to four-hour chart. RSI(14)'s value is (53.748), STOCH(9,6)'s value is (36.123) and STOCHRSI(14)'s value is (8.659).
Let's have a look at today's Support and Resistance levels:
Pivot Point: 1296.41
Support 1: 1295.44
Support 2: 1294.74
Support 3: 1293.77
Resistance 1: 1297.11
Resistance 2: 1298.08
Resistance 3: 1298.78
According to the current scenario I would like to recommend you to take trade according to the support and resistance levels of the market."
GOLD
market technical analysis with four hours chart
gold market price is up and it could go more up
the gold is in buy position
expected resistance levels 1225 , 1230 and 1240
expected support levels 1215 , 1212 and 1209
Gold
Trend is:Buy
moving average:buy
parabolic SAR:bullish
Current Rate is :1298.05
Resistance level is :
1.Resistance level is : 1301.21
2.Resistance level is :1303.56
3.Resistance level is : 1305.89
Supporting level is:
1.Supporting level is :1295.76
2.Supporting level is : 1293.71
3.Supporting level is :1291.61
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.
Technical analysis of the GOLD
According to DI time Frame,and Mcad,zigzag and RSI indicators shows
that,
Today Market Trend for this pair seems to be : BULLISH
Current Market Price is : 1318
Today Resistance level is:
1> Resistance level is: 1320
2> Resistance level is: 1322
3> Resistance level is: 1325
Today supporting level is:
1> Supporting level is : 1312
2> Supporting level is : 1310
3> Supporting level is : 1308
Gold
According to my analyses
Trend is . . . . . . . . . . . bearish
Position . . . . . . . . . . . . buy 67%
Crunt rate is . . . . . . . . . . 1294.36
Resistance level
1 . . . . . . . . . . . . . . . . .1298.55
2 . . . . . . . . . . . . . . . . .1304.45
3 . . . . . . . . . . . . . . . . .1308.20
Support
1 . . . . . . . . . . . . . . . . . 1292.50
2 . . . . . . . . . . . . . . . . . 1290.65
3 . . . . . . . . . . . . . . . . . 1287.45
With my best ideas to the gold markeet i think i am right now at to days position.so thanks for it.
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.
Pair is : Gold
Today trend is : Buy
today resistance and supporting level is:
Resistance is :
Pivot point is : 1293.58
Current price is: 1296.33
Open price is:1294.78
1,Resistance level is :129832
2,Resistance level is : 1301.26
3,Resistance level is :1304.36
Support is :
1,Supporting level is :1293.65
2,Supporting level is :1291.02
3,Supporting level is :1289.36