Gold

[erespe]

Gold is stil move in consolidation, it seems that gold may fall again after this break. I think gold will likely fall towards 1686.60 or lower. I keep on bearish trend

[ALLIANZ]

Bias for gold is bearish in nearest term for gold testing at 1686 area before targeting 1673 region.
On the upside, 1700 area is nearest resistance, a clear break above that area could trigger further bullish pressure aiming 1718 region.

[smsobuj]

Gold is very important yet risky item for trade. Here Trader must analysis the properly before trade. In trade here, initial support and resistance is very important part to consider!

[winstead]

Indicated gold was weakened. Immediate support now at 1694 levels. If these levels persist, gold will move rebound to resistance area 1706. But when the pressure goes down, the level of 1684 will be the next target.

[jawaid123]

Many "Patriots" who own gold and silver must be frustrated these days. The metals are stuck in a narrow trading range and mining stocks are hitting new 52-week lows. Despite gold being only 10% from its all-time high, the multiples on gold stocks are contracting. It's a Chinese water torture.

I am not a financial adviser but I think mining stocks are a harbinger of a major sell-off in the metals in May or June. The catalyst will be the overthrow of the "austerity" program in Europe, new stimulus there and new doubts about the survival of the Euro. While austerity is bad, it will drive investors to seek refuge in the USD, resulting in a decline in the Euro and commodities, including precious metals.

[ahmed fakhry]

The February futures price of gold rose to 1723.20 dollars per ounce when the Fed announced its decision. However, the asset was not able to move further and corrected to $1711 per troy ounce on COMEX today.

[niknik]

“Viewed in light of the 3 wave advance from 1672.50, the trend is lower.” Friday’s JS Spike right at mentioned support (1685) will probably propel gold to at least the 61.8% retracement of the decline from the 11/12 high at 1727. There is trendline resistance to keep an eye on as well.

Commodity Trading Strategy: Previous comments were “look to short strength from 1727 to 1738 with a 1754 stop.” After today’s spike and reversal, gold might not reach 1727. Wait for at least a day for the near term pattern to clear up before jumping into something at a less than ideal level.

LEVELS: 1673 1683 1704 1727 1738 1754

[ALLIANZ]

Bias bullish for gold as long as price not breach below 1707 region as MA 100 on chart H1,
a clear break below that area could trigger further bearish momentum toward 1700 area.
On the upside, immediate resistance is seen at 1724 region, a clear break above that area could trigger further bullish pressure targeting 1735 area.

[erespe]

Gold slipped to the second support at 1697.73 level. It may continue to touch 1688.57, beware of correction before it continues to fall. The H1 time frame now look bearish.

[naqash]

My dear friends , I think the Gold is best trade in these days running market . any one who want a good profit he can trade in Gold , low chances to lose and great opportunities to earning ,
Just take a look on past trading you will find the large trades of gold by reputed members .