Gold

[Lily]

Gold is again looking to the south, the price the seller has found the alligator in the area of moving inside the top 2 of the resulting fractal and now goes to the south, my main goal is the support area around 1707 (there was 2 lower capacity fractals).

[selamet]

Following the break below the rising wedge; the price dipped to touch 1705.00 key support level, before finding some grounds, the metal has also neared to the main ascending trend line for the latest whole bullish wave, which continues to protect the short term bullish trend. Accordingly , we look for an upside rebound this week as we believe the effect of the wedge pattern could stop at the key aforementioned trend line at 1700.00. Otherwise, if we manage to break below the aforementioned support, a push towards the latest swing low at 1670.00 will be likely.

The trading range for this week is expected among the key support at 1695.00 and key resistance now at 1753.00

The short term trend is to the upside targeting 1945.00 per ounce as far as areas of 1520.00 remain intact with a weekly closing.

Support: 1715.00, 1705.00, 1698.00, 1690.00, 1685.00
Resistance: 1722.00, 1730.00, 1735.00, 1738.00, 1745.00

Recommendation Based on the charts and explanations above, we recommend buying gold around 1705.00 targeting 1730.00,1738.00 and 1750.00. Stop loss below 1695.00

[paid]

Gold will raise upto 1650-1660 levels and then we see some huge fall to retrace the big raise in last few days and then we can target 1700 levels in some couple of months.

[winstead]

The entire rise from 1540/50 until 1790 could be a big upswing for gold. The possibility of retracement levels can be 1630.00 which is also strengthened by the support and resistance before. 1700/05 to be at an appropriate level for possible down to happen.

[romannil]

Gold technical analysis for 30.11.2012 by using : Auto pivot indicator.

resistance 3:1739.62
resistance 2:1733.67
resistance 1:1729.53

pivot point :1723.57

support 1:1719.43
support 2:1713.47
support 3:1709.33

[ahmedelsanhoury]

at 1490 (Jun 27 low) followed by 1485 (76.4% retrace of 1462.45-1558.25). Initial resistance is now at 1526 (June 24 high) followed by 1523

[Lily]

Gold after otbilos oblique long-term level of support is continuing to grow, there were several signals to the north of them, and strengthening of 200 moving (4 hour chart) as well as a buy signal and the start of its mining MASD histogram current goal 1740.

[ahmed fakhry]

After the yesterday’s strongest decrease against the background of approaching the “fiscal cliff” issue the price of gold managed to snap back to around to 1728.20 dollars per troy ounce today on COMEX.

[ladyheart]

INTRADAY TRADING SIGNAL

XAUUSD M15

Gold is currently moving inside a rising wedge chart pattern. Price failed to break through the upper part of this rising wedge and therefore, I am expecting gold to falling down once again, at least to test the lower part of this rising wedge at 1726. 6522. We can expect price to keep on moving inside this rising wedge pattern, until it manages to break through either side, down or up.

[johnny english]

Gold has a bright yellow color and luster traditionally considered attractive, which it maintains without oxidizing in air or water. Chemically, gold is a transition metal and a group 11 element. It is one of the least reactive chemical elements solid under standard conditions. The metal therefore occurs often in free elemental (native) form, as nuggets or grains in rocks, in veins and in alluvial deposits. Less commonly, it occurs in minerals as gold compounds, usually with tellurium.