Gold

[pridi]

Gold prices fell in Asian trading on Thursday after five consecutive sessions of gains, but it remains not far from its highest level since mid-May / May.
The recent rise of gold after paying reports on possible American military strikes to Syria investors seeking a safe investment tools to buy the precious metal, according to Reuters news agency.
The price of gold for immediate sale 0.3%, to $ 1409.11 an ounce by 3:50 GMT.
However ascension over the five sessions until Wednesday, gold record $ 1433.31 an ounce, its highest level since May 14.
At that level, the yellow metal was up about 21%, for the low level of U.S. $ 11870.71 hit in the twenty-eighth of June.

[sumonbaf]

Gold analysis for 09.03.2013 by using pivot indicator.

r3: 1425.29
r2: 1411.60
r1: 1401.11

pivot: 1387.42

s1: 1376.93
s2: 1363.24
s3: 1352.75

[bakrycoco]

Gold prices in the real market is electronic markets, gold prices

And so different from the prices set by the government! In the real market varies from 2 to 3 times daily.

As for prices, gold prices vary from country to country, etc..

[pridi]

Gold futures were lower during U.S. morning hours on Monday, as the safe-haven appeal of the precious metal was dampened amid fading expectations for imminent U.S. military action against Syria.

The precious metal rallied last week amid indications the U.S. was close to taking action against Bashar al-Assad�s government.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,392.00 a troy ounce during U.S. morning hours, down 0.3%.

Prices fell by as much as 1.5% earlier in the session to hit a low of USD1,374.10 a troy ounce, the weakest level since August 23. The December contract settled 1.2% lower at USD1,396.10 a troy ounce on Friday.

Gold futures were likely to find support at USD1,368.40 a troy ounce, the low from August 23 and near-term resistance at USD1,411.10, the high from August 30.

Trading volumes were expected to remain light on Monday, with U.S. markets closed for the Labor Day holiday. Regular trading on Comex will resume on Tuesday following Monday�s Labor Day holiday.

U.S. President Barack Obama said Saturday that he will first seek approval from Congress before ordering a military strike against Syria.

A decision is not expected before September 9, when U.S. lawmakers return from their summer recess.

Gold prices surged to a three-and-a-half month high of USD1,433.50 a troy ounce on August 28 as safe-haven buying picked up amid growing speculation the U.S. was moving closer to taking military action against Syria�s government.

U.S. Secretary of State John Kerry said Friday that the U.S. would punish Syrian President Bashar al-Assad for a "brutal and flagrant" chemical weapons attack that killed nearly 1,500 people in Damascus last week.

Gold traders now looked ahead to key macroeconomic data later this week that will determine when the U.S. will begin withdrawing its stimulus measures.

The U.S. will release a closely watched report on U.S. nonfarm payrolls on Friday amid ongoing speculation over when the Federal Reserve will start to taper its USD85 billion-a-month bond-buying program.

Gold traders have closely been looking out for U.S. data reports recently to gauge if they will strengthen or weaken the case for the Fed to reduce its bond purchases.

Any improvement in the U.S. economy was likely to reinforce the view that the central bank will begin to taper its bond purchase program in the near-term.

Elsewhere on the Comex, silver for December delivery rallied 3.15% to trade at USD24.24 a troy ounce, while copper for December delivery surged 1.8% to trade at USD3.291 a pound.

The industrial metals rallied after data showed that China�s final HSBC Purchasing Managers Index inched up to a four-month high of 50.1 in August, unchanged from a preliminary reading and up from 47.7 in July.

The upbeat data was published one day after a government report showed that China�s manufacturing purchasing managers' index climbed to a 16-month high of 51.0 in August from 50.3 in July, beating forecasts for 50.6.

A reading above 50.0 indicates industry expansion, below indicates contraction.

[aliv]

for now, after forming lower at 1373.67 gold price has been successful reversal with strong, so it looks a strong support level prisoners on h4 timeframe at that price, my recommendation for now is a buy order, and to close an order may be better do it tomorrow, in this case using the maximum security funds

[ennour222]

gold on the comex division of the New York Mercantile Exchange traded in a choppy fashion Wednesday as some investors booked profits and the dollar rebounded; nevertheless, prices will remain well supported until a deal is struck to raise the US debt ceiling.

[fshonest]

gold forecast:
as we can see from daily chart, gold is still moving above SMA15 and will go up to test the resistance (1426)
we can place buy order with stop loss at: 1370
current price: 1392.76
take profit target: 1424
good luck...

[FholsD]

Gold has formed several sell signals, first-rate broke through the sliding alligator which in turn is fully turned to the south, and secondly on the daily chart RSI and Stochastic signals formed the southern closest strong support from which the bulls will start pressure is about 1355 - to put it its profit.

[vetman85]

Update:
The price of the gold moves around 1394.00, therefore, there is no change to be mentioned on the morning suggested scenario which depends on the stability of the trading above 1340.00

[amnag]

today i like to sell gold @ 1393.90
my stop loss of the day @ 1400.00
half take profit for today @ 1388.80
and further half take profit @ 1385.70