Gold

[shimy]

The price is getting to rise as it hits the down edge of the Bollinger bands indicator as you can see on the chart of XAUUSD right now.
The volume of the market is now high as it has a value of 838 as you can see on the volume indicator at the bottom of the chart.
As you can see the price will face a strong Pivot level before it can be able to go upward then setting level 1240.61 as the next resistance to the price as a primary take profit then the next resistance at 1242.98 is recommended while you can cut the losses at the level 1232.94 if the price heads down .
Another indicator could be useful to confirm the entry which is consists of three indicators as you can see on the middle of the chart image so entering with the cross of the CCI and moving average can be a good way to confirm the entry .
imagee

[achyut]

Daily forecast: GOLD 20 Oct. 2014.

Technical analysis for Daily forecast of GOLD 20 October, 2014. In Daily chart GOLD is flat. At present GOLD on the pivot point. It is important to break support or resistance levels to identify the trend.

Pivot: 1237.06

Resistance levels

R1 1242.60
R2 1247.08
R3 1252.62
R4 1258.15

Support levels

S1 1232.58
S2 1227.04
S3 1222.56
S4 1218.07

[nininini]

there are Bearish channel drawn on the XAUUSD hour chart as you can see at the picture and also you can mention the yellow color of the moving average which mean that the price is heading up for the current period.
The market opened today at a Lower values than the daily pivot point at 1236.7767 and according to the data shown it seems that the price may keep going up till it can reach the first daily pivot resistance located at the price of 1239.525 if the WPR indicator didn't show any opposite downward signals.
And in case of reaching the target you can keep buying till the next resistance at 1242.2734 which is a very strong resistance level to reach before the end of the day.

[alii.hassan]

the XAUUSD pair is now moving at a bearish trend which can be recognized by the down red arrow above the price and at the same time you can monitor the sell cross between the snake and T3_clean on the 1H chart Now to define the levels which may affect the direction you can use the support level at 1231 as a good area to claim the profits or keep selling if the price breaks it down while on the other hand the level 1240.75 could be used as a resistance which the stop loss level can be set Finally selling can be the right decision for now until an opposite buy cross occurs on the indicators or a blue up arrow is shown .

[Ramzy.hassan]

A Top is drawn via ZigZag indicator to show a good chance that the XAUUSD pair may head down upon the coming hours.
And the price is at the moment moving near the up 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 upward Then I guess betting on the downward direction have a better odds but only if the price can be able to have a closed candle below the support of 1234.05 which you can monitor it on the chart by the blue dots and waiting for the 2 SMA indicators to make a sell cross can be a better way to catch a strong sell trades In this case thinking about the resistance line at 1240.05 to be a stop level area can help in case of facing an opposite upward direction .

[ANDRIAS]

http://prntscr.com/4xvuyq
analysis for today 10 / 20 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GOLD on the date 10 / 17 / 2014
OPEN 1238.67
HIGH 1241.53
LOW 1231.53
CLOSED 1238.11

The third resistance (R3) 1241.53 - ( 1237.06 - 1231.53 = 5.53 x 2 = 11.05 )= 1252.58
The second Resistance (R2) 1237.06 + 1241.53 - 1231.53 = 1247.06
First resistance (R1) 1237.06 x 2 = 2474.11 - 1231.53 = 1242.58
pivot points 1241.53 + 1231.53 + 1238.11 = 3711.17 / 3 = 1237.06
Support for the first (S1) 1237.06 x 2 = 2474.11 - 1241.53 = 1232.58
Support second (S2) 1237.06 - ( 1241.53 - 1231.53 = 10.00 ) = 1227.06
Third Support (S3) 1231.53 - ( 1241.53 - 1237.06 = 4.47 x 2 = 8.95 )= 1222.58

[ali90]

After taking a quick look on the chart of XAUUSD first thing you have a good sell signal on the Henkin Ashi and up arrow on the chart In the same time a buy signal occurs on the trend session indicator by showing a blue 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 1235.91 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 1.89 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 down and then you can consider the last top drawn by it at 1236.79 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 1243.05 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 1234.2 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.
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[ralf]

The price is moving above the wave of EMA indicators to perform a shape of bullish direction through the day at the chart of XAUUSD pair And with a buy signal showing on the RSI indicator which have the line going above the center line of 35 This also can be merged with the data of Macd indicator as you can see the green lines is heading up to inform that the market bulls have the control at the market for the current period Then I think going with the bulls at the current day and keep at the market until another sell signals shown on the chart by getting the price below the wave of EMA indicators.
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