Gold

Gold is a very important method in the world.Now a days the price is increasing like a roler coaster.So,its tough for a middle class person to buy it.

The precious metal which Current trend of price is any amount thats upward trend but when target 1554, price gone to 1536, breaking the trend turn to the downside targeting 1531 then 1525. and this is the matter of economic involvement.

Gold still movement with sideways pattern. this condition because affected from downward pressure yesterday. If price continue down, it may touch 1755.73 as a daily support 1 level. Then if price can break this level, down movement will get new lowest level in around 1748.00

long positions at 1763.1400 with 1770.2600 and 1775.9800 as next targets


the breakout of 1759.4200 will call for arebound towards 1751.7900

Gold is moving near the 1759.04 support level now. I think Gold has a chance to reverse and rebound here. If that happens, Gold will go up today and may tries to reach the resistance level at 1778.97. But if Gold can break 1759.04 support level, I am sure Gold will continue the down trend that has been happening since the last Friday.

gOLD HAS ITS WAY.
iTS UP TO 1,780.
iT MIGHT HIT 2,000 MARK very soon.

Essentially a gold party is hosted at someone's house and neighbors and friends are invited over to bring their gold. A professional gold dealer is there to evaluate and make offers on the gold. Those selling their gold are paid in cash at the party. The host of the party will earn a commission for all of the gold that is sold. This takes the form of a percentage of the total sales and is typically 10%, but can vary depending upon the gold deale
r.

Gold futures were little changed near a two-week low during European morning hours on Wednesday, as ongoing fears over the health of the global economy boosted demand for the U.S. dollar.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,764.85 a troy ounce during European morning trade, easing down 0.01%.

Prices were stuck in a narrow trading range of USD1,766.95 a troy ounce, the session high and USD1,762.05 a troy ounce, the daily low and the lowest since September 27.

Gold prices were likely to find support at USD1,755.35 a troy ounce, the low from September 27 and resistance at USD1,781.55, the previous session’s high.

Market sentiment remained under pressure after the International Monetary Fund cut its 2012 and 2013 global growth forecasts on Tuesday, and warned of even weaker expansion unless officials in the U.S. and Europe address threats to their economies.

The IMF said that the world economy will grow 3.3% this year, the slowest since the 2009 recession, and 3.6% next year, compared with July predictions of 3.5% in 2012 and 3.9% in 2013.

Investors also remained cautious amid worries over how soon Spain may formally request a bailout and uncertainty over whether international creditors will extend loans to Greece.

Later in the day, Italy was to auction EUR11 billion of short-term government bonds. In addition, Spanish Prime Minister Mariano Rajoy was to hold talks with French President Francois Hollande in Paris.

The risk-off trade environment 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 0.1% to trade at 80.18. It rose to a one-month high of 80.31 earlier in the session.

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.

Elsewhere on the Comex, silver for December delivery dipped 0.35% to trade at USD33.87 a troy ounce, while copper for December delivery declined 0.2% to trade at USD3.711 a pound.

Gold is good pair to get more profit.gold margin cell movement very first but gold is good only for long time trade if you want to more profit than you trade long time.

\\\\On the weekly chart for gold is well seen as the price stops at the level of resistance (gold was unable to overcome it), the third day of gold falls, it seems is a change of trend in the south, stochastics showed a sell signal.\\\\