Gold

[romannil]

Gold technical analysis for 15.11.2012 by using : Auto pivot indicator.

resistance 3:1746.63
resistance 2:1739.47
resistance 1:1731.93

pivot point :1724.77

support 1:1717.23
support 2:1710.07
support 3:1702.53

[erespe]

Gold back to sideways zone. Today we will watch for 1723.43 level to break. Price is now at 1724.20, if that level broke, then it is possible for gold will move lower to 1702.50 area. Stay above the level will keep gold in the sideways zone between 1723.43 to 1735.81

[ddukic]

Gold 09/11/2012 - 4h Chart Analysis



GOLD 4 HOURS CHART

SUGGESTIONS: I mentioned in previous comments that a �head and shoulders� set up was forming after the up move of the price on the announcement of Obamas re-election. �Whatever does not go down, goes up�, experienced traders sustain. So, the price moved up. At this right moment is under the 200SMA and pretty soon in the day we will observe its evolution. Don�t forget to consult the Fibo Retr scale marked with blue arrow. This Fibo scale measures the reaction�s extension against the fall from the level of 1.788,33 till the level of 1.673,32usd.

Whoever was on long running positions stays cool and waits the result of the �meeting� between the price and the 200SMA. Please note that such meeting may last several trading hours. Obviously, by now, you know what to do above the 200SMA or below it.

---------- Post added at 08:15 PM ---------- Previous post was at 08:14 PM ----------

Gold 12/11/2012 - 4h Chart Analysis



GOLD 4 HOURS CHART

SUGGESTIONS: The Gold’s price encountered the 200SMA and as expected, faithful to the manuals of technical analysis, bended its path.

I have added a ret trend line: “D1” between the 200SMA and the previous high level of 1.795,16usd on October 5th. If this D1 trend line “stands” during the next few days it will probably play a significant role for the development of the parity’s path. In conjunction to this D1 trend line, the parallel D2, creating a channel, the “D1-D2”, may also develop to the lower part of the zone within this parity may move in the near-medium term future.

As far as trading strategies is concerned please note:

Existing long positions reduce their long exposure and wait to see the developments. Set a “trailing stop loss” to protect some profits, or, close the long positions in case the price does fall further. Above the 200SMA you increase again your exposure.

The newly opened timid short positions set a stop loss above the 200SMA and wait. To increase the short exposure you should wait for the development of a set up indicating downwards in order to identify the target levels and evaluate the corresponding risk/reward ratios.

---------- Post added at 08:16 PM ---------- Previous post was at 08:15 PM ----------

Gold 13/11/2012 - 4h Chart Analysis



GOLD 4 HOURS CHART

SUGGESTIONS: Looking at this 4 hours chart of Gold, after the facts, it looks very easy to have accurately traded the evolution of this price.

Look at the double effort of the price to cross from below the 200SMA. The efforts failed and the price, for the time being, reversed. Will it continue to move downward?

GOLD 4 HOURS CHART (ZOOMED)



SUGGESTIONS: The failed double effort actually constitutes a “1-2 Waves” set up. I have inserted a Fibo scale marked with a red arrow that estimates the extension of the eventual falling continuation.

As you can observe, the technical elements of the 4 hours chart normally posted on the site are still evident on this zoomed chart.

Now, let us experiment. If you don’t want to use money, use a paper-trade mode.

I would not open a short position now because “the train already travels”. I will wait the next “station” to get on board with a timid long position. If my stop loss is hit, I close the position. I will wait for some time to see the evolution of the price and then I will open a position to the direction of the trend. To the next resistance or support level I will reduce my exposure. I will set a stop loss and then wait. If the stop loss is hit the position will close. At this point, I return to the opening of a timid position. In case the price continues evolving as per the trend, I increase the exposure of my opened position and I keep it running till the next resisting or supporting level. Again reduction of the exposure i.e. “defense”.

Please try it. On the paper does not cost anything provided you do it seriously, as if a lot of money were involved.

Further down I am posting a zoomed chart on the specific failed double effort in order to experiment together the accuracy of a trading strategy.

---------- Post added at 08:17 PM ---------- Previous post was at 08:16 PM ----------

Gold 14/11/2012 - 4h Chart Analysis



GOLD 4 HOURS CHART

SUGGESTIONS: The price was repeatedly resisted by the 200SMA for the last 4 trading sessions. We all understand that a fall is eminent. Otherwise, we need a “firework” to motivate the traders push the price above the 200SMA.



SUGGESTIONS: The price is compressed by the 200 and 50 SMAs. The technical analysis set up that is created since the 5th of November 2012 is called “flag”, “pennant” or other similar names because it looks like. Please be alert. Please be informed about the mentioned set ups and their possible evolutions.

[Tyler7]

Gold is currently trading in a sideways channel, but the price went up to its upper limit and 131.70 seem wrapped again to the south, while purchases can only be seen in the breakout 131.70, or wait closer to 1721 and the support of her already buying, south until you look .

[ahmed fakhry]

The price of gold increased due to the possible threat of financial problems in the U.S. that could push the world's largest economy into recession. Also there was an increase in investment demand for gold amid economic uncertainty and the introduction of new investment tools in Asia. The December futures price of gold after hitting today the $1732.4 area fell on COMEX to 1717.60 dollars per ounce.

[Bieela_cute]

Elliott: correction zigzag 1713.61
It is likely to fall towards 1717.74 - 1710.50 unless a corrective rally breaks the 1728.96 resistance. Stop above 1732.57 zone.
Technical points
Key point 1,725.3000
Entry point 1,728.1400
Elliott 1,738.8300
Closing 1,724.9700
Projection 1,713.6100
Trendline 1,733.8400
Trendline 1,730.0000
Supports / Resistances
Res 2 1,740.1800
Ex-High 1,732.9400
Res 1 1,732.5700
Pivot 1,725.3400
Sup 1 1,717.7400
Ex-Low 1,718.1000
Sup 2 1,710.5000

[asmakhatun]

Price lifted $5 after industry afford and planned added bullish candelas on regular chart, if its able to develop the 1551 then we see many intelligent gather toward all dimension squealing, Have on buy organization till all moment screechy.

---------- Post added at 08:57 AM ---------- Previous post was at 08:54 AM ----------

oday,Initial argue at 1518 (May 27 low) followed by 1504 (May 23 low). Initial resistance is now at 1550 (June 1 adenoidal) followed by 1577 (All moment higher).

[forexking2]

Expected trading range for today is between: support at 1710.00 and resistance 1750.00
General tendency is expected for the day: UP

[romannil]

Gold technical analysis for 14.11.2012 by using : Auto pivot indicator.

resistance 3:1746.63
resistance 2:1739.47
resistance 1:1731.93

pivot point :1724.77

support 1:1717.23
support 2:1710.02
support 3:1702.53

[winstead]

Gold back to the minor bearish channel indicating weakness against gold. Reduction targets in the range of the price of gold in 1703. Stuck at this level will make the gold price back up to the area in 1728.