Gold

[fxabdulrehman]

Gold Trading around $1285 level as investors await Bernanke testimony.

Resistance & Supports are in a tight range.
In a current view, $1277 & $1272 are supports
And $1288 & $1294 are resistance.

Upward Direction: $1302 & $1313
Downside Direction: $1267 & $1253

Gold swung between gains and losses Today, as investors looked past weaker-than-expected retail sales data to Federal Reserve Chairman Ben Bernanke�s congressional testimony later this week for more clarity on the central bank`s stimulus-easing plans.

Recent signs the Fed�s will maintain monetary stimulus contributed to the biggest weekly advance for precious metals since 2011 as weaker-than-expected U.S. retail sales raised the prospect that the US recovery may be stalling.

U.S. retail sales rose less than expected at a seasonally adjusted figure of 0.4 percent in June, slowing from a 0.5% increase in May and well short of market calls for a 0.8% increase, according to data released Monday.

Separately, the Empire State manufacturing survey for July rose for the second month, posting a reading of 9.5 from 7.8 last month.

The numbers sent gold prices rising by fueling sentiments that if the U.S. economic recovery kept proving less robust, the fed�s may take longer to throttle back it quantitative easing program

[vetra]

during 4 days the movement of gold not significant, only moves on certain ranges ... but overall they tend to up gold ... may seek support for a point could rise again ... and areas that could potentially be a strong support adalah1268.61 ... If this scenario is correct, then the purpose of the price is 1297.35

[amnag]

today i like to buy Gold @ 12872.10
my stop loss of the day @ 1265.10
half take profit for today @ 1280.10
and further half take profit @ 1287.10

[fshonest]

gold forecast 16 july 2013
from the H1 chart we can already see the candlestick pattern that this gold price will test again the resistance area around 1296
we can short buy for this gold
current price: 1283
stop loss : 1275
take profit: 1292
good luck...

[youssefkits]

Gold ,16/7/2013

जोड़ी की कमी दिशा : स्थिर .


आज के लिए अपेक्षित लक्ष्य: 1283 - 1283,2[COLOR="Silver"]

[sumonbaf]

Gold analysis for 07.16.2013 by using pivot indicator.

r3: 1315.16
r2: 1304.82
r1: 1294.54

pivot: 1284.20

s1: 1273.92
s2: 1263.58
s3: 1253.30

[saiansh23]

Be ready for another decline of the year and that wud be a last
one i expect 1288 or 1320 will caped the rise and break
below 1265 on daily do the job for decline towards 1150 or
lower

the recent is in three waver which tells us that it ir a wave
ivth correction from 1180 low

be patient and wait for a break and that cud be highly
profitable trade

regards

[Mouseen]

Gold has formed a converging triangle, a few hours ago, an all-clear from the bottom of the triangle (which has a medium-term nature) is also near this level are moving alligator on 4-hour chart, the bulls will be the first to horizontal resistance of 1294 but it is likely to be broken.

[ahmedforex20001]

we can see in the 1h chart
the pair can close up the up trend line
i see the pair will go to up way to 1286.19
stochastic refers that the pair will go up
so our target buy from 1284.19 and our target will 200pips

Good luck

[fxabdulrehman]

if gold 1287 break then next target 1296-00-1314