today Gold Resistance and Supporting
Resistance 1 1308.70
Resistance 2 1311.75
Resistance 3 1376.82
~~~~~~~~~
Supporting 1 1304.29
Supporting 2 1301.20
Supporting 3 1298.42
Thread: Gold
today Gold Resistance and Supporting
Resistance 1 1308.70
Resistance 2 1311.75
Resistance 3 1376.82
~~~~~~~~~
Supporting 1 1304.29
Supporting 2 1301.20
Supporting 3 1298.42
Fall seven times and Stand up eight.
Cost raised $5 secondary selling open and shaped another bullish flame on day by day diagram, on the off chance that its ready to break the 1551, at that point we see some brisk rally toward unsurpassed high, Hold on purchase request till record-breaking high.
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Gold
Bollinger Bands:buy
MACD:buy
Resistance and Supporting level is:
Pivot Point is : 1300.90
Resistance price is :
Resistance 1:1302.45
Resistance 2:1305.66
Resistance 3:1307.88
Supporting price is :
Supporting 1:1297.36
Supporting 2:1295.22
Supporting 3:1293.11
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The week of gold closed - 1301.70. The trend is on D1 north. It seems that the southern pullback has either ended or will end after trying to retest the support zone 1282.00 - 1276.00. The probability of passage of this zone to the south is very small. Most likely - if the rollback continues directly from the current, some local level of support on H1 will stop it and it will happen before the previous local minimum price - 1280.62. At the same time, the price does not rise above 1326.00 this month. I don’t wait until the end of March, the pair will most likely spend in the corridor - 1285.00 - 1326.00.
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Today analysis for Gold
Resistance level
#1 Resistance level 1307.35
#2 Resistance level 1308.48
#3 Resistance level 1309.30
Support level
#1 Supporting level 1295.79
#2 Supporting level 1293.60
#3 Supporting level 1294.45
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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.
Market players remained cautious amid ongoing uncertainty over Spain�s position on requesting external financial aid from its euro zone partners following a down****e by ratings agency Standard & Poor�s.
S&P cut the country�s credit rating by two notches to BBB-minus with a negative outlook late Wednesday, just one notch above junk status, citing �mounting risks to Spain�s public finances.�
Market players have been anticipating for the past month that the Spanish government would ask for a full-scale sovereign bailout.
A bailout would allow the European Central Bank to step in and buy Spanish sovereign debt, which would result in reduced borrowing costs for the debt-strapped nation.
But Spain has been reluctant to do so because it may come with conditions on its budget.
Gold prices came under additional pressure following the release of upbeat U.S. economic data, which raised concern the Federal Reserve might scale back its monetary easing measures.
Official data Friday showed that U.S. consumer sentiment rose to its highest level in five years in October. The University of Michigan said that its consumer sentiment index rose to a seasonally adjusted 83.1 from 78.3 in September, the highest level since September 2007.
The data came one day after the U.S. Department of Labor said the number of individuals filing for initial jobless benefits fell by 30,000 to a seasonally adjusted 339,000 in the previous week, compared to expectations for an increase of 1,000.
It was the lowest reading since February 2008, reinforcing the view that the U.S. labor market is improving, following last week�s stronger-than-expected non-farm payrolls report.
The Federal Reserve announced last month that it will buy USD40 billion of mortgage-backed securities each month until the U.S. labor market improves.
In the week ahead, markets will continue to continue to focus on whether Spain will formally request a bailout and if international creditors will extend loans to Greece as the country struggles to meet deficit reduction targets.
Meanwhile, the U.S. is to release a flurry of data, including reports on retail sales, manufacturing activity in New York and Philadelphia, initial jobless claims and housing starts, among others.
Elsewhere on the Comex, silver for December delivery settled at USD33.48 a troy ounce by close of trade on Friday. Earlier in the session, silver futures touched a low of USD33.46, the weakest level since September 26.
On the week, silver futures lost 3.05%.
Meanwhile, copper for December delivery shed 1.6% over the week to settle at USD3.696 a pound by close of trade Friday.
Growing fears over the health of the global economy have dampened the appeal of the industrial metal in recent sessions.
Copper traders were looking ahead to Chinese third quarter growth figures due out on October 18, to gauge whether the world second largest economy is heading towards a hard or a soft landing.
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my dear sir today of my tachnical analysis is bullish trend seems to be taking place on the gold pair and that according to the green color shown by the Bollinger Bands indicator determining by that the main market direction A buy signal is indicated from the Simple Moving Average indicator and that is by giving us buy signal t his pair can continue bullish trend now current price at 1301.94 and strong support at level 1300.95 in hourly time frame there is possible chance price will move to up side then next high price is 1310.56
Resistance level 1*1309
Resistance level 2*1314
Resistance level 3*1320
Support level 1 * 1296
Support level 2 * 1290
Support level 3 *1283
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Todays Gold Resistance & Support
Resistance
1-Resistance 1304.360
2-Resistance 1307.488
3-Resistance 1305.604
Support
1-Support 1299.78
2-Support 1297.62
3-Support 1298.47
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Today analysis for the pair of gold
Is time ke price ye chal rhe he......... 1302
Resistance level 1 # 1309
Resistance level 2 # 1314
Resistance level 3 # 1320
Support level 1 # 1296
Support level 2 # 1290
Support level 3 # 1283
Ye pair buy ka bna huwa he i think jahan par market punche huwe he wahan se up ke traf movement kar sakte he so main suggest kronga hamen buy ki trade lga dene chaheye i hope is trade se ham profit earn kar len
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Gold
Resistance and Supporting level today,s
indicator is :
Moving Average:buy trend
MACD:Buy trend
Resistance level today,s is
First Resistance is:1303.65
Second Resistance is: 1305.32
Third Resistance is: 1307.84
Supporting levels today,s is
First Support is: 1298.32
Second Support is:1295.65
Third Support is:1262.36
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