Gold

[Jobs]

failed to keep the level of sellers in 1685 and the price has gone up to more important mark in 1700 ... there is a time and expect the price to stop and start again to fall ... but I would not limit exhibited .. should look at the situation, whether slowing down ....

[VANDA_S]

In M30 chart price is above the 12 EMA (red) and 72 EMA (blue) indicates the trend is still up
21 RSI is above 50 indicates the trend is still up
Recommendation: BUY
Target: 1705.80

[ddukic]

Gold 05/11/2012 - 4h Chart Analysis



GOLD 4 HOURS

SUGGESTIONS: In my opinion, the price of Gold goes to the level of 1.626,87usd. Pre-condition the “breaking” of the U3 blue trend line that originates from May 2012. In addition, please note that the 4.25 Fibo ****e that I was mumbling about all last week, is not totally dead yet. The present level price is within its influence and it is not impossible to observe from here a reversal.
Another interesting target is the U2 trend line, the parallel of the U1 trend line, i.e. the channel U1-U2.

The running short positions continue. Below the U3 trend line you should increase slightly your short exposure. If the 4.25 Fibo ****e reacts, you should drastically decrease your short exposure.

The “Bulls” stay calm and enjoy Autumn.

---------- Post added at 11:22 AM ---------- Previous post was at 11:21 AM ----------

Gold 06/11/2012 - Chart Review and Analysis



SUGGESTIONS: It�s too early to comment on the �young� reversal we observe in the Gold�s chart. The previous comments made on the Gold�s evolution are still valid.

[nurdiantofxwave]

Gold back to rise today and make change of short term trend to up. Gold rise and able to touch 1689.03 as a daily ressistance 1 level. If this condition still continue, gold may get up consistent position until market closed.

[forexking2]

Expected trading range for today is between: support at 1661.00 and resistance 1692.00
General tendency is expected for the day: Down

[secret alibi]

Bias is neutral in nearest term for gold, as
market still wait US Presidential election,
immediate resistence at 1685 region, a clear
break above that area could trigger further
bullish pressure targeting 1700 key resistence
area. Immediate support is found at 1680
region, a clear break below that area should
trigger further bearish toward 1670 area.

Resistance Level : 1685, 1700, 1710
Support Level : 1680, 1670, 1660
Trading Range : 1700 – 1670
Trend : Neutral

[dollar]

if we look in weekly chart then we can see gold is making continue down movement. there is one good resistance trend line at 1650. so i hope we can see more down movement and it will try t touch 1650 level. loge at 1650 is good with 1700 take profit if this level is break then fruther downmovement is expected.

[Bieela_cute]

Elliott: correction zigzag 1693.56
It should try higher up to 1685.73 - 1690.03. Entry point 1681.42 or 1678.94. After this rise, a correction is expected.
Warning: End of trend
Technical points
Key point 1,690.5000
Entry point 1,681.6600
Elliott 1,672.8200
Closing 1,685.0600
Projection 1,693.5600
Trendline 1,689.0400
Trendline 1,666.0400
Supports / Resistances
Res 2 1,695.0000
Ex-High 1,686.4000
Res 1 1,690.0300
Pivot 1,681.4200
Sup 1 1,676.4500
Ex-Low 1,672.8200
Sup 2 1,667.8400

[Vamos]

breakdown of support in 1700 gold went down very strongly now see that there is a slight pullback to 1685 .. but it's probably just a small fixed income players see that the candles are quite small, and I think this week will see the continuation of falling below 1670 ..

[hossin962]

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 ..