Gold

[ladyheart]

INTRADAY TRADING SIGNAL

XAUUSD M30

Gold is currently moving inside a rising wedge chart pattern on this m30 chart. It's approaching the end now.. and it's more safe to wait for the breakout signal. I'll prefer to wait for price to break through either side of this rising wedge pattern, and follow the breakout signal.

[romannil]

Gold technical analysis for 29.11.2012 by using : Auto pivot indicator.

resistance 3:1776.10
resistance 2:1759.30
resistance 1:1739.08

pivot point :1722.40

support 1:1702.30
support 2:1685.50
support 3:1665.40

[monty007]

Price raised $5 after market open and formed another bullish candle on daily chart, if its able to break the 1551 then we see some quick rally toward all time high, Hold on buy order till all time high.

[ahmed fakhry]

The Gold prices declined by 1.7 %, as the euphoria about the Greece situation was over and investors remembered threat of the "financial cliff” for the U.S. markets. The December futures price of gold fell to 1705.50 dollars per ounce on COMEX today.

[selamet]

Gloomy situation in Europe and optimism that the Democrats and Republicans can reach an agreement on the U.S. budget boosted the greenbacks safe-haven appeal. As the weak attempts failed to climb above the Ichimoku cloud (the daily chart) earlier this week, the pair tested the 1738 support yesterday and the selling pressure increased after XAU/USD broke below this critical support level. This level was also the bottom line of a wedge formation. I think the reason behind this sell-off was mostly based on technical selling. On the daily time frame, this reaction makes sense. Prices have been bouncing between the first line of the cloud (known as Senkou Span A) and the second line of the cloud (known as Senkou Span B) since October 24.

On the 4 hour time frame, Tenkan-sen line (nine-period moving average, red line) crossed below the Kijun-sen line (twenty six-day moving average, green line) and prices fell below the cloud, indicates that the bears are fighting hard to take over. However, the pair found strong support at the 1705.50 area and bounced back to 1720. This shows XAU/USD is going to be range bound. If the bearish sentiment continues, I believe we will retest 1713. If the bears manage to breach this level, look for 1710.30, 1705.50 and 1692. If XAU/USD turns bullish and start to rise, the bears will be waiting at 1725.50, 1729.49 and 1738.

[cadetmaaz]

Gold markets got spooked by various headlines and comments out of various congressional members. However, the market did stop its fall right in the middle of a fairly significant support zone.

That being said, we did close of the very lows of the session, and this is always a very bearish sign. Because of this, we feel that there may be more weakness in this market, but we also believe that there is enough support below at the $1700 level in order to support gold going forward. We never sell gold anyways, is far too bullish over the long term for us to consider it. With all this being said, we are looking for some type of supportive action in order to start buying just below current prices at roughly $1700.

[secret alibi]

Bias is bearish for nearest term, break below 1705 area should target 1692 region as the next bearish target.
However oversold stochastic on 4H chart could trigger bullish correction, break above 1723 resistance area should trigger further bullish correction to test 1735 region.

[lot]

Nice ville gold and silver parties, in Nice ville as well as gold parties in other areas of Florida and all over the nation, are starting to appear more frequently. Although they have been in existence for several years, it is only now that they are becoming more common. The price of ...

[ahmed fakhry]

The Gold became cheaper against the strengthening of the dollar after the U.S. consumer confidence reached a four -year high in November. The December futures price of gold fell to 1740.50 dollars per ounce on COMEX today.

[cadetmaaz]

Gold remained above the crucial $1740 level.Because of this,we are still bullish of the market and would be regardless.After all,all you have to do is look at the last 10 years and see why somebody would want to buy gold and not sell it.