Gold

[monir01]

For today's trading, gold is expected
to move in a range between $ 1.698 to
$ 1.723 before determining the
direction of the next movement.
Gold is likely to try to level $ 1.688 or $
1.672 if managed through the level of $ 1.698. Meanwhile,
when gold broke through the $ 1.723
level, then the next target level $
1.739 or $ 1.749.

[nurdiantofxwave]

GOLD can not able continue up but retrace down after touch weekly support 1 level (1706.63). Since asian session market opened, gold can rise limited and now go down. It predicted will move sideways in a limited range for movement today.

[andhikayasa]

No one knows how the gold?
if it is bearish?
how is the condition of gold to 1 week ahead?
if anyone could give clues?

[secret alibi]

Bias is still bearish targeting 1685 as key
support area. Break below this area is needed
to continue bearish outlook targeting 1675
area. Immediate resistance is found at 1715
area, only a break above this area which could
be a threat for current bearish outlook.

Resistance Level : 1715, 1725, 1735
Support Level : 1685, 1675, 1665
Trading Range : 1715 – 1675
Trend : Bearish

[raihan8212]

Gold futures moved lower during U.S trade Wednesday, as market participants anticipated the outcome of the Federal Reserve's two-day policy-setting meeting later in the session.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,702.25 a troy ounce during U.S. afternoon trade, off 0.33%..

Gold prices were likely to find support at USD1,688.85 a troy ounce, the low from September 7 and resistance at USD1,731.25, the high from October 22.

Gold traders are turning their attention to the Fed�s policy meeting later in the day, after the central bank vowed last month to buy an average of USD40 billion of mortgage-backed securities a month until the economy shows significant improvement.

While the central bank was not likely to introduce any new measures, its policy statement will be closely scrutinized.

Moves in the gold price this year have largely tracked shifting expectations as to whether the U.S. central bank would pump more money into the financial system.

Gold prices swung between small gains and losses throughout most of the day, as encouraging Chinese data offset weak data out of the euro zone.

Markit said that its flash euro zone manufacturing purchasing managers� index fell 45.3 in October from a final reading of 46.1 in September. Analysts had expected the index to ease up to 46.6 in October.

Germany�s flash manufacturing PMI fell to 45.7 in October, from a final reading of 47.4 in September, disappointing expectations for an improvement to 48.0.

Meanwhile, a report by German research institute Ifo showed that its business climate index fell to100.0 in October, the lowest level since March 2010, from a reading of 101.4 in September.

Elsewhere, data showed that China's HSBC manufacturing PMI came in at 49.1 in October, compared with a final reading of 47.9 in September.

From a technical standpoint, the precious metal could see further losses in the near-term after having failed to break above the key USD1,800-level earlier in the month.

Gold futures rallied to an 11-month high of USD1,798.05 a troy ounce on October 5, boosted by ongoing expectations policymakers around the world will launch more stimulus to support the weak global economy.

Elsewhere on the Comex, silver for December delivery rose 0.1% to trade at USD31.81 a troy ounce, while copper for December delivery shed 0.4% to trade at USD3.554 a pound.

[hodhod2000]

The trading range for today is expected among the key support at 1677.00 and key resistance now at 1750.00.
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

[raihan8212]

Gold futures were little changed during U.S. morning trade on Wednesday, holding near the previous session�s six-week low as market participants looked ahead to the conclusion of the Federal Reserve's two-day policy-setting meeting later in the day.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,709.65 a troy ounce during U.S. morning trade, unchanged on the day.

Prices held in a tight trading range of USD1,715.15 a troy ounce, the session high and a daily low of USD1,706.55 a troy ounce. On Tuesday, gold prices touched USD1,704.75 a troy ounce, the cheapest level since September 7.

Gold prices were likely to find support at USD1,688.85 a troy ounce, the low from September 7 and resistance at USD1,731.25, the high from October 22.

Gold traders are turning their attention to the Fed�s policy meeting later in the day, after the central bank vowed last month to buy an average of USD40 billion of mortgage-backed securities a month until the economy shows significant improvement.

While the central bank was not likely to introduce any new measures, its policy statement will be closely scrutinized.

Moves in the gold price this year have largely tracked shifting expectations as to whether the U.S. central bank would pump more money into the financial system.

Gold prices swung between small gains and losses throughout most of the day, as encouraging Chinese data offset weak data out of the euro zone.

Markit said that its flash euro zone manufacturing purchasing managers� index fell 45.3 in October from a final reading of 46.1 in September. Analysts had expected the index to ease up to 46.6 in October.

Germany�s flash manufacturing PMI fell to 45.7 in October, from a final reading of 47.4 in September, disappointing expectations for an improvement to 48.0.

Meanwhile, a report by German research institute Ifo showed that its business climate index fell to100.0 in October, the lowest level since March 2010, from a reading of 101.4 in September.

Elsewhere, data showed that China's HSBC manufacturing PMI came in at 49.1 in October, compared with a final reading of 47.9 in September.

From a technical standpoint, the precious metal could see further losses in the near-term after having failed to break above the key USD1,800-level earlier in the month.

Gold futures rallied to an 11-month high of USD1,798.05 a troy ounce on October 5, boosted by ongoing expectations policymakers around the world will launch more stimulus to support the weak global economy.

Elsewhere on the Comex, silver for December delivery rose 0.1% to trade at USD31.81 a troy ounce, while copper for December delivery shed 0.4% to trade at USD3.554 a pound.

[winstead]

Bias in the gold price is still bearish towards 1700 for short term, break down this area will be heading to the area in 1685 as a psychological support.

[ALLIANZ]

For today's trading, gold is expected to move in a range between $ 1.698 to $ 1.723 before determining the direction of the next movement.
Gold is likely to try to level $ 1.688 or $ 1.672 if managed through the level of $ 1.698. Meanwhile,
when gold broke through the $ 1.723 level, then the next target level $ 1.739 or $ 1.749.

[biplob kumar sarkar]

the price of gold might fall after diwali i think.Can anyone suggtest me..........................................is there any possibility of it ?