Gold

[fanikakkoo]

Gold

Current trend jo hai woh upward trend pe hai aur jab target hai 1554 agar price niche ki aur gaya toh lowest point hai iska 1536, breaking the trend turn to the downside targeting 1531 then 1525...................

[dollar]

time frame- H1

gold is break down its lower support at 1683 and moving more down.
this is showing that price will continue move more down side. right now it moving at lower support at 1659. if this support level is breaked then we can see more down movement and price may be reach to next support at 1600.00

[hamza661]

he yellow metal has stopped us out below 1,672.00 in the last trading session. Yesterday�s swing count was presented here. Wave 4 is looking to be formed at/between 1,635.00 to 1,645.00. Furthermore, it is also quite possible that yesterday�s spike lower than 1,672.00 level might have completed the necessary A-B-C correction from 1,795.00 level. It is recommended to buy 50% capacity around current levels and the remaining around 1,645.00 region. Also the 1,645.00 region is re-enforced by Fibonacci 0.618 support of the rally from 1,530/40 to 1,795.00. Buying on dips still remains the recommended trading strategy.

[ahmed fakhry]

Despite the slight increase for most of the day, the price of gold fell sharply during this session, down below the $ 1700 per ounce level. Today, many investors have decided to reduce their positions in precious metals before the new 2013 year. The cost of February gold fell to 1693.80 dollars per ounce on the COMEX.

[mose]

gold is the perfect commodity that we have and when you are trading then you will get to know that in futuere you will learn more about gold for example what affects it and by how much .

[ALLIANZ]

As seen on the daily chart, gold is testing MA200 around 1660, break below this area could trigger further bearish momentum targeting 1645 for nearest term. We still prefer bearish outlook as long as prices stays below 1703 area. Immediate resistance is found at 1685 region.

[erespe]

Gold was opened today, below the pivot line, now we're waiting for a pivot break. Once it happened, gold may rise to 1695.40, however if it fails to break the pivot, gold may fall to 1653.40

[winstead]

Gold has cruised through 1672.00. Breakthrough at 1672.00 will come down to an area of ​​1640.00 before up. Consider the fact that the reinforcement has up through the range of 1672.00 to 1755.00, enabling breakthrough after a sharp intraday setbacks yesterday and above 1700.00.

[VANDA_S]

On hourly chart below price is 12 EMA (red) and 72 EMA (blue) indicates the trend is still down
21 RSI is below 50 indicates the trend is still down
Recommendation: SELL
Take profitt: 1676.50

[hamza661]

Gold is currently testing the intermediate resistance of its medium-term bearish channel at 1,705. It seems that a decline was initiated. However, a break of these levels will free a large potential and reach the upper limit of its channel at 1,715.
Technical indicators do not provide clear signals, but until the resistance is not broken the assumption of a decline is most likely. Bollinger bands have stabilized showing a more regular volatility.
Gold is currently testing the intermediate resistance of its channel, we suggest 2 scenarios. The first one is the hypothesis of a decline where we recommend a sell on the level of 1,705 with the 1st objective at 1,695 and then at 1,692. A breakthrough of 1,708 will invalidate this scenario. The second scenario is a break of its resistance where we advise a �buy stop� which means to buy gold as soon as it is broken through its resistance of 1,705 with the 1st objective at 1,715 and then at 1,718. A breakthrough of 1,702 will invalidate this scenario.