Gold

[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.

[raihan8212]

Gold futures fell to the lowest level in almost three weeks during European morning hours on Monday, as uncertainty over Spain�s position on formally requesting a bailout from its euro zone partners persisted, boosting demand for the safe haven U.S. dollar.

A wave of technical selling further weighed after futures broke below a key support level.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,748.35 a troy ounce during European morning trade, falling 0.65%.

Prices declined by as much as 0.9% earlier in the session to hit a daily low of USD1,743.25 a troy ounce, the weakest level since September 26.

Gold futures were likely to find support at USD1,739.35 a troy ounce, the low from September 26 and resistance at USD1,781.55, the high from October 8.

The U.S. dollar was broadly higher against its major counterparts, as uncertainty over how soon Spain will formally request a bailout curbed demand for riskier assets.

The dollar index, which tracks the performance of the greenback against a basket of six other major currencies, was up 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.

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.

Prices came under further pressure after breaking below key support levels close to the USD1,750-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 tumbled 1.15% to trade at USD33.29 a troy ounce, while copper for December delivery shed 0.2% to trade at USD3.696 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.

[yudijoni]

Gold dropped To Lowest Point Two Weeks "

Gold dropped to its lowest level in the last 2 weeks due to speculation that China may not need additional stimulus after inflation data reported and successful export estimates exceeded during the month of September.

Observed so far gold prices for December contract fell -0.47%, at $ 1,745.49, after reaching an intraday highs at $ 1,753.59, and the lowest level at $ 1,741.98 daily.

In addition the data uncertainty bailout Spain as well as U.S. economic data showing a rise in outside estimates also reduce the attractiveness of gold.

Most hedge funds and money managers have added to their gold positions to its highest level in 14 months, supported by gold's appeal as a hedge against inflation, amid expectations that the Fed and other central banks will keep pumping stimulus to stimulate growth.

However, data on U.S. consumer sentiment successful beyond estimation has added economic signals in the U.S. are beginning to improve, so the shrinking interest hedge against gold.

Separately, China's export data reports that more than doubled compared to expectations during the month of September also showed that the pace of the previous government's policy was sufficiently successful that additional stimulus measures may not have been too predictable.

Sources: MonexNews

[secret alibi]

Gold has break below 1754 area indicating a
bearish bias targeting 1740 for nearest term
before testing 1730 area. Immediate
resistance is found around 1770 region
followed by 1780 area.

Resistance Level : 1770, 1780, 1795
Support Level : 1740, 1730, 1715
Trading Range : 1730 – 1770
Trend : Bearish

[forexking2]

The price of gold ended last week passively follows it clear break to support the general bullish trend that shows the image of this day, which provides signals to the possibility that seeing a downward correction in the long intraday during the coming period.

[ispgamer]

Gold moved on the good bearish movement on the last Friday.
Now, Gold is moving near the 1740.05 support level. If Gold can break this support, I think Gold will continue falling today and may reaches the lower support level at around 1719.66. But if Gold fail to break this support, Gold may reverse around here and go up to the 1759.04 resistance level.

[Khan Mustafiz]

Wish to buy purchase and just viewing the activity, awaiting some excellent access if its able to hit the normal stage then we see some fast increase.