Gold

[yousef3elwan]

bahut strong resistance lagta hai 1350 pe...waise to is point kop todna thoda mushkil hai lekin agar gold iske upar nikal gaya to fir iska down trend itnio easily nahi aayega

[Bieela_cute]

Elliott: resistance in an impulse wave down 1691.35
Market should not go lower than 1660.61. After this move down it should go up to 1697.57 - 1705.19 area.
Warning: Imminent end of bearish move
Technical points
Key point 1,660.2700
Entry point 1,690.7400
Elliott 1,727.1100
Closing 1,678.0800
Projection 1,658.8300
Trendline 1,717.0600
Trendline 1,707.0200
Supports / Resistances
Res 2 1,732.2900
Ex-High 1,717.0600
Res 1 1,705.1900
Pivot 1,689.9600
Sup 1 1,662.8500
Ex-Low 1,674.7300
Sup 2 1,647.6200

[mdjoy50]

market open and formed another bullish good inian good forex forum indian fast like

[hazem.hassan]

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

[rashedul]

Initial reenforcement at 1490 (Jun 27 low) followed by 1485 (76.4% retrace of 1462.45-1558.25). Initial opposition is now at 1526 (June 24 overflowing) followed by 1523 (Jun 23 upper).

[raihan8212]

Gold prices dropped on Friday as investors stocked up on the yellow metal's traditional hedge, the dollar, to await the results of U.S. presidential elections on Tuesday

Investors brushed off a surprisingly strong October jobs report.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were down 2.22% at USD1,677.45 a troy ounce, up from a session low of USD1,674.75 and down from a high of USD1,716.95 a troy ounce.

Gold futures were likely to test support at USD1,674.75 a troy ounce, the earlier low, and resistance at USD1,716.95, the earlier high.

U.S. voters go to the polls on Tuesday to elect a new president and surveys do not indicate that either President Barack Obama or his Republican challenger, Mitt Romney, have emerged as a frontrunner headed in.

Investors went long on the dollar on the last Friday before Election Day to ride out electoral uncertainty, which sent gold falling.

Gold and the dollar often trade inversely.

Better-than-expected unemployment figures out of the U.S. did not spark a risk-on rally that would normally have sent gold rising and the dollar falling.

The U.S. Bureau of Labor Statistics revealed early Friday that the U.S. economy added 171,000 jobs in October, beating out analysts' calls for a gain of around 125,000.

The headline unemployment rate rose to 7.9% from 7.8% in September.

Investors snapped up greenback positions on the news after stock markets shrugged off the data.

The economy didn't add enough jobs to reflect a more robust U.S. recovery.

Some analysts have said the economy should create at least 250,000 a month on an ongoing basis before recovery really gains steam.

Elsewhere on the Comex, silver for December delivery was down 4.06% and trading at USD30.940 a troy ounce, while copper for December delivery was down 2.10% and trading at USD3.478 a pound.

[winstead]

Gold formed a small bullish on 4 hour chart, it takes constant movement in the area of ​​1720 to trigger further bullish momentum towards the 1735 area.

[Robi]

Gold appears again resumes south trend, the price has managed to break through the lower boundary of the rising channel and consolidated below it (go short), but so far for my main sales need to wait a minimum breakthrough 1700.00.

[ishvara]

Gold has plunged down from 1780 region to 1700, this is just a retracement. The bias for gold price and movements is bullish so this is a good buy point where we can open a buy order and then target 1800 all time high.

[raihan8212]

Gold futures were lower in Asian trade on Friday.

On the Comex division of the New York Mercantile Exchange, Gold futures for December delivery traded at USD1708.75 a troy ounce at time of writing falling 0.39%.

It earlier traded at a session low USD1708.55 a troy ounce. Gold was likely to find support at USD1705.45 and resistance at USD1727.25.

US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, rose 0.10% to trade at USD80.20.

Elsewhere on the Comex, Silver for December delivery fell 0.46% to trade at USD32.100 a troy ounce while Copper for December delivery fell 0.48% to trade at USD3.537 a pound.