Gold

[vijaymunshi]

After FOMC report, gold was declined till 1554 then rebounded till 1570 and again face the downfall.... as per my analysis 1570 is the current resistance..... the gold have major support in the range of 1548-1551.... as of now gold has gain some strength and trading at 1566... the 1st scenario suggest if gold moves the upward direction and cross the 1570 level then the next upside target will be 1597.... 2nd scenario suggest if gold went down and penetrate the 1550 range then you can expect the next support at 1525...

[nogael_77]

sell gold at the level 1576.6 with targets at 1546.5 and 1528.3, but in case of breaking the level 1591.0, then buy above this level with targets at 1609.9 and 1642.88

[mianshabbirhussain]

Gold comes down market there is a great degree guman much change in the market In which all trade is heavily influenced his playing and go straight down

[vijaymunshi]

currently gold is trading at 1588 level . today there any many big fundamentals are lined up which can support the downward trend of the gold.... gold is expected to touch the bottom line of 1580 before FOMC report and after that if FOMC withdraw the stimulus package then it will go further decline

[to_be_number_one]

Gold continue falling down again today and touched the oversold condition, so price may make some corrections to 1596 then fall again for re-testing 1591. However if price can breakdown 1591 then price will touch 1588.

[muscle fx]

Being Gold Above Level of 1600, the FOMC Viewing Logal Honor

Gold prices managed to hold above the 1600 level into the European trading Wednesday (session low 1603.65) when prices peaked briefly in the 1609 before abruptly returning to the daily increase. This last step has become commonplace in recent days, due to the uncertain situation of Hedge Fund Managers and G20 conferences still provide surprises for the yellow metal's weakness. At the time of writing, gold was trading at USD $ 1,605.09 per oz, clinging to positive territory. One of the key events stand out today is the Gold traders will turn their attention to the release of the summary of the Federal Open Market Committee meeting, look for signs or clues after FOMC members indicated that they intend to terminate the $ 85 billion bond purchase their monthly around 2013 , in which the members are divided between the completion of the middle or end of the year.

[advance]

in the h4 time frame this is in down trend but in the chart we can see that the price 1600.00 is also providing a good support. this support may be not break. short entry is take if the price is close below the 1580.00 but the major chance the price will move up side and will break the resistance at 1612.00

[mianshabbirhussain]

Gold-to-let market is that gold will not go much below that level only 50 to 50 This day will be the last time that I would begin to take up a lot of gold market
Use with caution

[nogael_77]

sell gold at the level 1606.50 with targets at 1589.83 and 1581.19, but in case of breaking the level 1616.52, then buy above this level with targets at 1625.63 and 1642.17

[forexgroove]

GOLD (Spot) intraday: the downside prevails.

Pivot: 1629.00
Our preference: SHORT positions below 1629 with 1598 & 1580 in sight.
Alternative scenario: The upside penetration of 1629 will call for 1640 & 1654.
Comment: gold prices remain to the downside, challenging a support around 1600.

---------- Post added at 01:45 AM ---------- Previous post was at 12:54 AM ----------

Our preference: Bearish setups on a pull-back move to within 1608.15 � 1619.35 with targets @ 1597.10 & 1584.64 in extension.

Alternative scenario: Above 1619.35, watch for bullish setups with 1629.74 as target and 1649.91 in extension.

Comment: In general, gold price remains under pressure. Hourly stochastic is overbought.