Gold

For gold today climbed to buy, the price still broke through the upper boundary of converging triangle (the resistance of 1661, in an area also hosts and 200 moving) on a 4 hour chart is developing a divergence MASD, building up in 1661 this level should open the way to 1693.

gold very nice if we wanted to trade gold very much needed funds in order to balance the trade quickly and we did not encounter a stop loss in trading

Gold is visible to the north of the speaker, is the formation of a rising lower fractals, as the 4 hour chart the price steadily strengthened above the moving alligator visible as a strong support in 1657 for which he tucked my feet, my goal north-1667, 1680.

Gold and Commodity January 9, 2013

• Gold rose back above the level of $ 1.650 per ounce on Tuesday close to 1 percent, helped by strengthening physical demand and taking to after a three day fall that pushed up gold.

• News that the BoJ will consider easing monetary policy in January in an attempt to suppress fears of deflation that drives interest in gold as a hedge against inflation, traders said.

• "Gold could certainly test its $ 1.625 support again, with prices drifting materially below the $ 1.600 mark if there is more talk of an early stop to QE (quantitative easing) in the coming days," said Bart Melek, head of commodity strategy at TD Bank.

• The price fell to its lowest level since mid-August the previous Friday after the minutes of the Fed's November meeting

which estimates that policy makers will become increasingly concerned over the impact of monetary policy on financial markets.

• The price of Brent oil rose amid a bustling trading conditions on Tuesday as U.S. crude oil prices fell following the beginning of the annual rebalancing of the major commodity indices widen the spread between the two contracts. Brent's premium to U.S. West Texas Intermediate widened more than 50 cents, following initial annual reweighting of commodity index S & P GSCI, one of 2 main index investors.

• Rebalancing, which was announced in early November, the index will increase ownership and reduce ownership Brent WTI Brent declined following output and the output of crude oil increased.

• U.S. Energy Information Administration (EIA) reported that domestic oil production is predicted to increase by 25% until 2014.

• <LCOc1> Brent crude oil rose 54 cents at $ 111.94 a barrel, while U.S. light crude fell 4 cents at $ 93.15.

• Meanwhile, the American Petroleum Institute (API) this morning reported U.S. crude stocks and distillates rose sharply in the last week due to increased imports. Crude stocks rose 2.4 million barrels in the week by January 4, compared to expectations of an increase of 1.5 million barrels. As for the gasoline stocks rose 7.9 million barrels, well above expectations of 2.3 million barrels. As for distilled oil stocks, including hot oil and diesel, rose 5.9 million barrels, above expectations for an increase of 2 million barrels. U.S. crude oil imports were reported up 1.2 million barrels per day (bpd) in the past week to 8.65 million barrels per day. Imports for distilled oil products also increased by 356,000 bpd to 2:05 million bpd.

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as we can see in chart 1h

the pair is between triangle

the pair go back from down trend of the triangle to up trend of it

stochastic refers to up way

so our target buy to the up trend

our target buy to 1661.45

Time frame- H4
in this time frame we can see that price is making up movement because it making higher high. and price also hold a support level 1650.27 today price may be hit the 1664.80 level.
Today(10-1-13 ) pivot point are-

Resistance 3- 1678.67
Resistance 2- 1671.93
Resistance 1- 1664.47

Pivot point- 1657.73

Support 1- 1650.27
Support 2- 1643.53
Support 3- 1636.07

I think trading in Gold is very profitable if you have the good investment. In gold trading mostly traders have gain the profit. For gold trading you have the huge amount of balance in your account.

Gold is not a good trade for beginners and traders who have low amount and less time .
it is a long term trade that make good profit but also can give you a great loss , so please take a look on it after you become a good trader and can afford any thing happens .

http://i48.tinypic.com/11vl5ja.png

The Gold is still hesitating near the SMA 200 and middle line of descending channel. Our bearish scenario remains valid as long as the Gold trading below the SMA 200. A break below the 1635.00 will indicates the aggressive bearish movement. According to my chart analysis, I prefer to selling the Gold around 0665.00 with target 1625.00 and stoploss is above 1680.00.

The Gold / XAUUSD on look to be still bulls too( H4-TF chart) I see, as long as the price candle can not more down again to more that 1645.50 (demand zone) . make plan to still search best buy OP here is better plan.