Gold

[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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[hatrik]

A clear cross is occurs on the momentum indicator on the XAUUSD chart as the blue line goes above the red one to perform a good buying 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 upward trend should be in action as long as the momentum buy cross still on the chart and a buy trades can be taken as long as the ATR indicator keep showing a buying signals.
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[halloiasan]

By analyzing the XAUUSD we can but a bearish chanel to limit the movement of the market inti two trend lines The price is moving at the upper edge of the donchin channel so you may think about selling 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 sell signal by showing down intersection between the two lines near the 80 th level Till this moment bearish trend is the choise and also selling targeting the lower edge of the donchin channel is not a bad idea at all

[musharaf]

i think gold will sell more up to 1000.it will touch low next week.coz currencies are not in buying modre.gold is still high rates than past .Australia and canda are not in buying mode.when canda will sell more than ausie then gold will stable his position.we must sell gold at day high.we must follow the selling trend all currencies change their buying positions.crude is already at low level then how gold can buy only

[edmar6969]

Trading Signal - 17/10/2014 - 10:00 (GMT +3)
Instrument: GOLD
Time : 60min CHART
Trend & Condition : Upwards Weak
The market is testing support at 1233. We are waiting to see reversal signals in order to reinstate LONG
positions, or alternatively the upward break of the 1249 resistance level. Next important support the 1222 level.
Support & Resistances:
1233 1249
1222 1266
1218 1294

[RaKalan]

Gold price some downside bias slightly to test support science triangular rookie referred to him in the morning, and as long as the price is above the levels of 1226.00 and 1211.00, the expectations of positive overall will remain effective for the day, waiting for a break of 1242.25 to activate the positive impact of the model in question and then push the price towards 1286.00 mainly.
The trading range for today is between: Support and resistance 1226.00 1260.00

[ng1985]

pair- gold
analysis time frame- m30



the price is moving in the triangle chart pattern with having the support at 1237.00 level and resistance at the 1245.20 level. now the stoch indicator is giving down movement signal. if the price is break 1232.00 level then short with profit target at 1215.00
good luck

[ANDRIAS]

http://prntscr.com/4wz11b
analysis for today 10 / 17 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle GOLD on the date 10 / 16 / 2014
OPEN 1241.66
HIGH 1244.96
LOW 1235.51
CLOSED 1238.69

The third resistance (R3) 1244.96 - ( 1239.72 - 1235.51 = 4.21 x 2 = 8.42 )= 1253.38
The second Resistance (R2) 1239.72 + 1244.96 - 1235.51 = 1249.17
First resistance (R1) 1239.72 x 2 = 2479.44 - 1235.51 = 1243.93
pivot points 1244.96 + 1235.51 + 1238.69 = 3719.16 / 3 = 1239.72
Support for the first (S1) 1239.72 x 2 = 2479.44 - 1244.96 = 1234.48
Support second (S2) 1239.72 - ( 1244.96 - 1235.51 = 9.45 ) = 1230.27
Third Support (S3) 1235.51 - ( 1244.96 - 1239.72 = 5.24 x 2 = 10.48 )= 1225.03