Gold

[achyut]

Daily forecast: GOLD 24 Oct. 2014.

Technical analysis for Daily forecast of GOLD 24 October, 2014. In Daily chart GOLD shows bearish trend. At present GOLD below the pivot point and going towards the 1st support level. If 1st support level breaks then next strong support level is 1194.93.

Pivot: 1234.07

Resistance levels

R1 1241.99
R2 1252.40
R3 1260.32
R4 1268.25

Support levels

S1 1223.66
S2 1215.74
S3 1205.33
S4 1194.93

[Ramzy.hassan]

A bottom is drawn via ZigZag indicator to show a good chance that the XAUUSD pair may head up upon the coming hours.
And the price is at the moment moving near the down edge of the Donchin band indicator which is a sign that can�t be neglected that the price will face a big difficult if it tries to move downward Then I guess betting on the upward direction have a better odds but only if the price can be able to have a closed candle above the resistance of 1233.45 which you can monitor it on the chart by the red dots and waiting for the 2 SMA indicators to make a buy cross can be a better way to catch a strong buy trades In this case thinking about the support line at 1227.5 to be a stop level area can help in case of facing an opposite downward direction .

[ng1985]

pair- gold
analysis time frame- m30



the gold price is again down side from the resistance at 1252.40 level and falling down with braeking all support. now its up movement is rejecting from the pivot point at 1234.00 level. if this is move above with breaking the long with take profit at 1245.00 and stop loss at 1225.00
good luck

[hmmo]

By analyzing the XAUUSD we can but a bullish chanel to limit the movement of the market inti two trend lines The price is moving at the lower edge of the donchin channel so you may think about buying as long as there is no opposite signs appear on the Awesome oscillator The Awesome oscillator has a green bar appears below the level of 0 and it is considered a good buy signal Also the stostatic indicator shows buy signal by showing up intersection between the two lines near the 20 th level Till this moment bullish trend is the choise and also buying targeting the upper edge of the donchin channel is not a bad idea at all

[samoo]

By analyzing the XAUUSD we can but a bullish chanel to limit the movement of the market inti two trend lines The price is moving at the lower edge of the donchin channel so you may think about buying as long as there is no opposite signs appear on the Awesome oscillator The Awesome oscillator has a green bar appears below the level of 0 and it is considered a good buy signal Also the stostatic indicator shows buy signal by showing up intersection between the two lines near the 20 th level Till this moment bullish trend is the choise and also buying targeting the upper edge of the donchin channel is not a bad idea at all

[ali90]

After taking a quick look on the chart of XAUUSD first thing you have a good buy signal on the Henkin Ashi and up arrow on the chart In the same time a sell signal occurs on the trend session indicator by showing a red bar at the last candle In additional to a buy cross taking a place on the trend following indicators Snake and T3-Clean which may be a good signal to open a buy possitions at any good place If you decided to buy you should keep an eye on the level 1233.44 as the price bounced from it the last time then you can consider it asa your first resistance to close your order once hitting it

[troykilson]

A strong bearish trend take a place on the hourly chart of the XAUUSD as the Blade oscillator is now at 0.8 area below the level of balance and at the same time the indicator is red colored which is a strong indication of bearish direction on the short term. On the chart itself you can see the moving average 5 sloping UP and then you can consider the last top drawn by it at 1231.6 as a good stop loss if you need it in case of sell orders which is very advised according to the indicators signals.

[aliali1]

A bearish trend is now in action as you can see the red arrow shown on the hourly XAUUSD chart at the current time which is supported with a top located at 1248.35 which can be also used as a very strong resistance that the price shouldn�t go above it if the bearish trend still strong.
Also the parabolic sar dots is showing above the candles which is a sign that the price is heading down for a while.
when selling trades take a place I think then the support 1229.8 can be a good area in order to close some open positions as the price has a good chance to go north after hitting it.
.

[hatrik]

A clear cross is occurs on the momentum indicator on the XAUUSD chart as the blue line goes below the red one to perform a good selling signals for the current time By the way the yellow color is shown on the Oracle Strength indicator and then it can be considered as a upward direction signal for the XAUUSD To add strength to the direction the Oracle direction indicator should be useful and by a quick look you can see the red color on the arrows to perform a downward signal on the short term Now according to these data I think a downward trend should be in action as long as the momentum sell cross still on the chart and a sell trades can be taken as long as the ATR indicator keep showing a selling signals.
.

[remmyfxt]

Gold is a chemical element with symbol Au and atomic number 79. It is a bright yellow dense, soft, malleable and ductile metal. The properties remain when exposed to air or water. Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive chemical elements, and is solid under standard conditions. The metal therefore occurs often in free elemental (native) form, as nuggets or grains, in rocks, in veins and in alluvial deposits. Less commonly, it occurs in minerals as gold compounds, such as with tellurium as calaverite, sylvanite, or krennerite