Gold

[naveedbnn]

Technical analyse Gold

today current Gold >1221.18

resistance lever 1 > 1223.01
resistance lever 2> 1225.12
resistance lever 3> 1227.89


support lever 1 1218.12
support lever 2> 1216.19
support lever 3> 1214.75

[sarfraz786]

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

[zaing]

current lever Gold ; 1218.66/ sell strong

Resistance lever 1/ 1221.03

Resistance lever 2/ 1224.19

Resistance lever 3/ 127.89

Support lever 1/ 1217.01

Support lever 2/ 1215.36

Support lever 3/ 1213.47

[cute1]

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.

[jobless]

GOLD Today,s Bearish Trend

Current Level is : 1220.20

Resistance Level is :

Resistance 1:1223.23 Resistance 2:1227.65 Resistance 3: 1231.21



Supporting Level is :



Support 1: 1216.59 Support 2: 1213.44 Support 3: 1210.24

[Qasim14]

The current trend downward trend 1530 targets and stop loss 1198 1222 if the price went to the highest point breakers 1242 the trend reversed to the upside targeting 1245 and then 1250

[talhaahmad04]

Gold ka 1 bahut strong resistance lagta hai 1550 pe...waise to is point kop todna thoda mushkil hai lekin agar gold iske upar nikal gaya to fir iska down trend itnio easily nahi aayega..

[king01]

My dear Sir today's off my technical analysis is support and resistance level off Gold buying strong to👈👈


Resistance level👈👈1206.56
Resistance level👈👈1200.53
Resistance level👈👈1197.57


Supporting level👈👈1188.57
Supporting level👈👈1181.46
Supporting level👈👈1179.67

[forex07]

Gold is showing a bearish trend and we can have a sell trade and it will take a little fall as far as i think so we can make a sell trade with this pair but remember the risk and money management.

Below are the support and resistance levels:-

S1 1196
S2 1199.89
S3 1201.78

R1 1205.67
R2 1207.66
R3 1211.54

Happy trading

[sajidhabib]

Gold ki market kafi speed se movement kar rahi hai and last night se market up ki traf movement kar rahi hai and last 8 hr main market
1192 se se 1205 tak movement kar chuki hai and now gold ka pair sell ka laga raha hai and main yaahn pe yahi suggest karun ga k humain buy ki trade
lagani chchie is se humain profit hasil ho sakt hai Good luck

Current rate : 1205.34

1> Resistance level is:1208.07
2> Resistance level is: 1203.23

1> Supporting level is: 1187.33
2> Supporting level is: 1184.31