Gold

[monir01]

today,Initial support at 1518 (May 27
low) followed by 1504 (May 23 low).
Initial resistance is now at 1550 (June
1 high) followed by 1577 (All time
high

---------- Post added at 11:26 PM ---------- Previous post was at 11:24 PM ----------

The trading rang for today is among
the major support @ 1498 and the
key of resistance @ 1511.
The general over short term basis is to
the upside targeting 1511 as far as
area of 1520

[Pioner3]

Gold after all still managed to break through the bottom of the channel is very strong convergence to the south, and even managed to overcome the 200 Rolling, immediate support from which to consider buying -1723.

[forexlearn]

Gold I am really about fear about gold. Because I think gold is too much fast and took money from you or given you. SO I think if you have better deposit then you can do it other wise careful from Gold.

[monir111]

main ye string Gold ka conversation ka liye bana raha hain. sabhi users ko ya upload korana ke liye swagat korta hoon.

[raihan8212]

Gold futures added to losses during U.S. morning hours on Monday, falling to the lowest level since mid-September after official data showed that U.S. retail sales rose more-than-expected in September, increasing for the third successive month.

Uncertainty over Spain�s position on formally requesting a bailout from its euro zone partners also weighed on sentiment, boosting demand for the safe haven U.S. dollar.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,737.45 a troy ounce during U.S. morning trade, tumbling 1.25%.

Prices declined by as much as 1.35% earlier in the session to hit a daily low of USD1,735.55 a troy ounce, the weakest level since September 13.

Gold futures were likely to find support at USD1,705.55 a troy ounce, the low from September 13 and resistance at USD1,774.95, the high from October 12.

The Commerce Department said earlier that retail sales rose by a seasonally adjusted 1.1% in September, beating expectations for a 0.8% increase.

Retail sales in August were revised up to a 1.2% gain from a previously reported increase of 0.9%.

Core retail sales, which exclude automobile sales, rose by 1.1%, outstripping expectations for a 0.6% increase.

The upbeat retail sales data reinforced the view that the U.S. economy is improving, raising concern the Federal Reserve might scale back its monetary easing measures.

The Fed announced last month that it will buy USD40 billion of mortgage-backed securities each month until the U.S. labor market improves.

A separate report showed that the New York Federal Reserve�s index of manufacturing conditions improved to minus 6.2 in October from minus 10.4 the previous month, but remained in contraction territory for the third consecutive month.

Meanwhile, investors were jittery as uncertainty over Spain�s position on formally requesting a bailout from its euro zone partners persisted.

Market players have been anticipating for the past month that the Spanish government would ask for a full-scale sovereign bailout.

A bailout would allow the European Central Bank to step in and buy Spanish sovereign debt, which would result in reduced borrowing costs for the debt-strapped nation.

But Spain has been reluctant to do so because it may come with conditions on its budget.

European Union policymakers will hold a two-day summit in Brussels starting on October 18 to discuss ways to firewall and extinguish the debt crisis as well as Greece's steps towards fiscal recovery.

The U.S. dollar was broadly higher against its major counterparts, with the dollar index, which tracks the performance of the greenback against a basket of six other major currencies, gaining 0.07% to trade at 79.85.

Gold prices often move inversely to the U.S. dollar, as gold becomes more expensive for buyers using other currencies.

Prices came under further pressure after breaking below key support levels close to the USD1,739-level, triggering fresh sell orders amid bearish chart signals.

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 plunged 2.5% to trade at USD32.84 a troy ounce, while copper for December delivery fell 0.85% to trade at USD3.672 a pound.

Official data released earlier showed that Chinese consumer prices rose 1.9% in September from the year-ago period, in line with expectations and down from 2.0% in August, while producer price inflation fell 3.6%, also in line with expectations.

The data came after a report over the weekend showed that Chinese exports grew 9.9% on the year in September, above expectations for a 5.5% gain. Imports rose 2.4% from a year earlier, in line with expectations.

Copper traders were now looking ahead to Chinese third quarter growth figures due out on October 18, to gauge whether the world second largest economy is heading towards a hard or a soft landing.

The Asian nation is the world�s largest copper consumer, accounting for almost 40% of world consumption last year.

[Macintosh]

Well, the metal started to show a real signal a trend reversal is the breakdown of a very strong support in 1740 ... and the breakdown of the moving average with a period of 200, so now consider the movement of gold down with a stop at most 1748 and think it may fall to 1710 and below ...

[forexking2]

The trading range for this week is among the key support at 1720.00 and key resistance now at 1805.00.
The short term trend to the upside targeting 1945.00 per ounce consistently trading above the 1520.00 close of the week.

[winstead]

Gold trend down. Finding support in the range of 1741.00, if level low continues to come under pressure and successfully breached, can lead to bearish in the range of 1725.00.

[shepon93]

Gold :
The trading ring for today is among the major sustain @ 1498 and the key of conflict @ 1511.
The general over short term basis is to the upside target 1511 as far as area of 1520 .

[forexking2]

Gold tries to provide some positive trades and find the level of 1749.00 ceiling so strong now, while still neutral position existed until we have confirmation signals accurately for the next destination on the intraday and short term.