Gold

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

The range 1700 and 1632 is neutral area, any trade done in between is personal decision and not part of this analysis

http://i51.tinypic.com/71tnk5.gif

see the above chart in H4.
gold has strong resistance at 1690.00 and now its moving to near this levle. if gold cross this blue trend line we can go for buy order.

as we can see on the chart , the Gold is trading under the level of 1680.00 , any way if the pair succeeded in breaking 1690.00 , it will continue in it's up movements heading to 1700.00 and then 000

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

XAUUSD had downside pressure yesterday, broker my minor bull trendline (short dotted yellow line) but was unable to stay below 1663 support. The medium bias is still bullish targeting 1725. Only a break below 1645 could change bias to the downside.

Gold slipped on Thursday by 0.84% to $1,668.0; The chart below shows the development of gold and silver in October (normalized gold and silver (September 30th 2011=100)). During the month, gold price inclined by 2.8%, and silver prices by 5.3%

Include only long positions as the course will be located above the 1650 points.
A break upward of 1700 points will then offer a new buy signal for an extension of the upward movement in the direction of 1750 points or higher if this level is broken up.

as we can notice from the chart , the pair has stated it's trading week under the level of 1700.00 and that's mean that the down trend is expected for this week and the pair might head to 1655.00 and then 1640.00

Bias is still neutral for nearest term, break
above the ascending triangle pattern on 4H
chart should bring gold higher to test 1725 or
even 1762 area. While break below the
trendline could trigger bearish momentum
testing 1624 – 1650 area,

the chart is showing that the gold is trading under level 1700.00 , that's mean the down trend is standing and the pair might reach 1660.00 , but if the pair succeeded in breaking 1700.00 , it will head to 1710.00 and then 1720.00