Gold

[John202]

Gold continued its gains on Thursday as US $ 1200 per ounce rose for a second day as the dollar fell on weak US industrial production data.
And increased Spot gold trading 0.3 percent to $ 1204.76 an ounce ounce at 0659 GMT, after jumping 0.7 percent on Wednesday.
Dollar fell to its lowest level in a week on Thursday after weak US economic data, despite recovering from early losses.
A weaker dollar makes gold cheaper for holders of other currencies increases the attractiveness of the precious metal as a hedge.
Silver rose in online transactions 0.8 percent to $ 16.42 an ounce and platinum rose 0.43 percent to $ 1162 an ounce, while palladium rose 0.01 percent to $ 767.6 an ounce.

[hymoi]

daily overview for Gold
r3: 1223.96
r2: 1214.19
r1: 1208.29
s1: 1192.62
s2: 1182.98
s3: 1176.95
the pair broke the down trend to up
so our trade for the pair is buy

[ng1985]

pair- gold
time frame to analysis- m30



the up movement of the price is moved to the daily resistance level one at 1208.31.this is making a pull up from the support at 1200.80 level. price is making doji pattern at the resistance so correction in up movement can expected. hold the long entry with stop loss at 1194.00
good luck

[Ex.ness Support]

GOLD: consolidation below the 1209 resistance level

XAUUSD
April 16, 2015, 10:53
Buy on a level breakthrough of 1209 with 1223 target. Stop loss = 1195.

Reason for the trading strategy

The weak statistics on retail sales and industrial production in the US is putting pressure on the US dollar. At the moment, the cost of production of one ounce of gold is about $ 1,200. This level acts as strong support for gold.

GOLD, H4

[ducd3vaizo]

Daily Forecast

Major Trend: Bearish
Time Frame: H1
Reason: Market trying to form a bearish pattern, which also followed stochastic leaning down. But if the market rejected at the pivot point, the market will go back up.
Recommendation: Sell with a target of 1198.52

[fatdog]

Market seemed directionless today, in fact it was lacking decisiveness and looked confused espeical over usd job data, i think it will remain in same situation until there is no effective news or assurance from higher authorities.

[horfx]

The price of gold is still stuck between confirm that the levels of support is 1181.00 and 1205.00 resistance, and as we pointed out in the morning, the price needs to break through one of these levels to determine the following objectives to be accurate, which makes us continue to Hyaditna yet.

Expected trading range for today is between: Support and Resistance 1175.00 1210.00

[hymoi]

daily overview for Gold
r3: 1218.68
r2: 1209.98
r1: 1201.22
s1: 1183.76
s2: 1175.06
s3: 1166.30
the pair can not break the support to down
so our trade for the pair is buy

[ng1985]

pair- gold
time frame to analysis- m30



the down movement is not able to break the support at 1180.00 level and price is again in the up trend side. its break the resistance trend line at 1194.20 level and the macd indicator is also above the zero level. its up movement to the resistance 1205.00 can expected. long with stop loss at 1175.00
good luck

[John202]

Could not go to achieve the benefit of declining economic data released yesterday from the US economy, to continue the precious metal to decline for the third consecutive session to confirm the continuation of risk appetite among investors in the financial markets despite volatile data issued by the global economies, the negative pressure is and continuing on the price of gold, which prevents them from rising in the financial markets even in cases of a weak dollar, while projections indicate that economic data to be released from the US economy will continue to fluctuate to provide more uncertainty in the markets, especially on the future raise US interest rates
Technically: Gold managed to break the levels uptrend on Frame four-hour closing below and is expected to continue to decline until the levels of $ 1180 per ounce while retaining stop losses Close again inside the broken trend