Gold

[romannil]

Gold technical analysis for 17.10.2012 by using : Auto pivot indicator .

resistance 3:1765.90
resistance 2:1756.95
resistance 1:1752.41

pivot point :1743.46

support 1:1738.92
support 2:1729.97
support 3:1725.43

[limom]

Gold, priced against the USD Index, as well as Silver, Oil, Platinum, ... Did gold really go up 2.70? No. ... Gold price Change due to Predominant Sellers

[forex2011]

Gold trades in the Forex world or the world in general, which achieved huge profits due to the very high value in all the markets and its impact on the currency significantly, but there are some rumors that prohibits trade in goods such as gold and oil so there are a number of traders who deported them

[raihan8212]

Gold futures traded higher during U.S. afternoon hours Tuesday, bouncing off the lowest level in a month as the U.S. dollar came under pressure on reports Spain was close to obtaining a bail out.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,746.15 a troy ounce during U.S. afternoon trade, gaining 0.49%.

Prices advanced by as much as 0.65% earlier in the session to hit a daily high of USD1,748.45 a troy ounce. Gold futures touched a low of USD1,730.15 a troy ounce on Monday, 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 USD1,755.45, the high from October 14.

Sentiment strengthened after two senior German lawmakers indicated that they would support a Spanish application for a �precautionary credit line� from the European Stability Mechanism, the euro zone�s permanent bailout fund.

On Monday, Spanish government officials said they were exploring the option of requesting a credit line from the ESM, in order to satisfy the terms of the European Central Bank�s bond buying program, but then not using it, instead waiting for borrowing costs to fall.

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 ECB 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 Thursday to discuss ways to firewall and extinguish the debt crisis as well as Greece's steps towards fiscal recovery.

The dollar index, which tracks the performance of the greenback against a basket of six other major currencies, declined 0.5% to trade at 79.39, the lowest since October 5.

Dollar weakness usually benefits gold, as it boosts the metal's appeal as an alternative asset and makes dollar-priced commodities cheaper for holders of other currencies.

Also Tuesday, the U.S. Labor Department said consumer prices rose by 0.6% in September, above expectations for a 0.5% gain on the back of higher gasoline prices.

Consumer prices, excluding food and energy costs, rose 0.1% last month, compared to expectations for a 0.2% increase. Core consumer prices eased up 0.1% in August.

Elsewhere on the Comex, silver for December delivery rose 0.56% to trade at USD32.92 a troy ounce, while copper for December delivery added 0.09% to trade at USD3.705 a pound.

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

Official data released Monday 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.

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

---------- Post added at 08:07 AM ---------- Previous post was at 08:02 AM ----------

Gold prices rose in Asian trading on Wednesday amid a global risk-on trading session after Moody's said it was sticking with Spain's debt ratings.

Moody's Investors Service confirmed Spain's Baa3 government bond rating as well as the country's short-term rating at (P)Prime-3.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were up 0.38% at USD1,752.95 a troy ounce, up from a session low of USD1,750.45 and down from a high of USD1,753.25 a troy ounce.

Gold futures were likely to test support at USD1,730.15 a troy ounce, Monday's low, and resistance at USD1,774.95, Friday's high.

Moody's assigned a negative outlook to the rating, though investors went long on higher-yielding currencies and sold off the dollar, gold's traditional hedge.

Hopes that Spain will request a bailout and become eligible to participate in the European Central Bank's bond-buying program sent the dollar falling, the euro rising and with it, gold prices as well.

Inflation data out of the U.S. sent the yellow metal posting further gains.

The U.S. Labor Department reported earlier that its month-on-month consumer price index rose by 0.6% in September, above expectations for a 0.5% gain basically due to higher gasoline prices.

Consumer prices rose at an annualized rate of 2.0% last month, compared to expectations for a 1.9% increase and up from 1.7% in August.

Core inflation rates, stripped of volatile food and energy prices, revealed the prices remain stable in the U.S.

Core inflation rates rose 2.0% on year, in line with expectations and up from 1.9% in August.

Month-on-month core inflation rates dropped 0.1% in September.

Elsewhere on the Comex, silver for December delivery was up 0.53% and trading at USD33.135 a troy ounce, while copper for December delivery was up 0.28% and trading at USD3.720 a pound.

[Bieela_cute]

Elliott: zigzag or flat correction 1757.25
Market should hold major support at 1737.77 before rising towards 1752.30 or even 1757.13 limit.
Warning: Low Zone - Harami
Technical points
Key point 1,753.3700
Entry point 1,744.7900
Elliott 1,728.7900
Closing 1,747.4800
Projection 1,757.2500
Trendline 1,742.1800
Trendline 1,739.5600
Supports / Resistances
Res 2 1,757.1300
Ex-High 1,748.3800
Res 1 1,752.3000
Pivot 1,743.5600
Sup 1 1,738.7400
Ex-Low 1,734.8200
Sup 2 1,730.0000

[forexking2]

The trading range for today is among the key support at 1720.00 and key resistance now at 1775.00.
The short term trend to the upside targeting 1945.00 per ounce consistently trading above the 1520.00 close of the week.

[ichsanz]

My analysis gold tomorrow will go to its bullish trend. because there is an event and candle pattern forms that say gold is not strong down. and the seller has meliquid position. so that all buyers enter the market .. we'll see tomorrow

[amni570]

GOLD
BUY above = 1738 UPPER TARGET = 1743
SELL below = 1732 LOWER TARGET = 1727

SILVER
BUY above = 33.19 UPPER TARGET = 33.68
SELL below = 32.50 LOWER TARGET = 32.00

GBP/USD
BUY above = 1.60750 UPPER TARGET = 1.61000

---------- Post added at 03:35 PM ---------- Previous post was at 03:33 PM ----------

buy gold @1739 sl 600pts tp open 7:54

[hictor23]

XAU/USD
BUY
Enter :- 1737.00000
TP1 :- 1737.20139
TP2 :- 1737.40279
SL :- 1736.59726

Note this is just my attempt to predict the price could be right or wrong stop-loss order is very important must put always follow the trend

[winstead]

Condition of gold is currently in the range of strong support 1735. If prices are able to hold above that level then gold will go before the 1743 price level weakening again i think.