Gold

[nurdiantofxwave]

Now, price move up strong with positif sentiment. Price also break daily ressistance 1 level (1767.00). This condition can make price going up again but can not get support from signal stochastic in tf h1 that shown in overbought.

[secret alibi]

Bias is neutral for nearest term to stay on
potential trading range around 1754 – 1770
area. Break below 1754 area is needed to
continue the bearish bias targeting 1741 area.
While a break above 1770 area should change
the bias into bullish testing 1780 before
targeting 1795 region.

Resistance Level : 1780, 1795, 1810
Support Level : 1754, 1741, 1728
Trading Range : 1754 – 1780
Trend : Neutral

[tradergalau]

Gold still moving around the 1759.04 support level. Beside that, I see the yesterday's movement only occur in small range. So, I think Gold may shows a breakout movement today.
If Gold can break the yesterday's high, I think Gold will go up to the resistance level at 1778.97 or higher. But if Gold can break the yesterday's low, it mean Gold also break the 1759.04 support level. It may makes Gold fall to the lower support level at 1740.05.

[raihan8212]

Gold prices fell in Asian trading on Thursday after Standard & Poor's said it down****ed Spanish sovereign debt, which sent investors rushing to the safety of the dollar, gold's traditional hedge.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were down 0.23% at USD1,761.05 a troy ounce, up from a session low of USD1,760.45 and down from a high of USD1,763.15 a troy ounce.

Gold futures were likely to test support at USD1,758.85 a troy ounce, Wednesday's low, and resistance at USD1,769.85, Wednesday's high.

Standard & Poor's said it lowered Spain's long-term credit rating to 'BBB-' from 'BBB+' and cut its short-term credit rating to 'A-3' from 'A-2'.

The ratings agency said Spain's deepening economic recession is limiting the Spanish government's policy options and added that rising unemployment and spending constraints are likely to fuel social discontent and contribute to friction between Spain's central and regional governments.

"In our view, the capacity of Spain's political institutions (both domestic and multilateral) to deal with the severe challenges posed by the current economic and financial crisis is declining," Standard & Poor's said in a statement.

The news sparked demand for the dollar, which sent gold dipping in the Asian session.

Meanwhile, IMF statements pointing to the European debt crisis as the global economy's strongest headwind fueled a risk-off trading session that sent the dollar up and gold down.

Monetary stimulus programs underway at the Federal Reserve have already been priced in and are no longer giving gold support.

The U.S. Federal Reserve is currently running a third round of quantitative easing, a monetary stimulus tool that sees the U.S. central bank buy USD40 billion in mortgage-backed securities a month on an open-ended basis to spur recovery.

Such policy tools weaken the greenback and make gold an attractive hedge.

Elsewhere on the Comex, silver for December delivery was down 0.65% and trading at USD33.888 a troy ounce, while copper for December delivery was down 0.43% and trading at USD3.702 a pound

[romannil]

Gold technical analysis for 11.10.2012 by using : Auto pivot indoicator.

resistance 3:1777.86
resistance 2:1772.67
resistance 1:1766.93

pivot point :1761.57

support 1:1755.83
support 2:1750.47
support 3:1744.73

[Bieela_cute]

Elliott: irregular flat correction down 1751.13
Current fall is near an end of wave around 1756.83 zone, a rally should then procede to above 1768.06. Fall below 1751.36 would cancel this scenario.
Technical points
Key point 1,757.3900
Entry point 1,759.4100
Elliott 1,796.0000
Closing 1,762.3000
Projection 1,743.4700
Trendline 1,766.8300
Trendline 1,756.8100
Supports / Resistances
Res 2 1,773.8200
Ex-High 1,768.3500
Res 1 1,768.0600
Pivot 1,762.5900
Sup 1 1,756.8300
Ex-Low 1,757.1200
Sup 2 1,751.3600

[Orel]

And I think that the change trend is early to say, gold has formed a clear sloping support line (and uplink), has just held the consolidation and retreat to the north of this line, the goal until the maximum 1793 + -.

[Irika]

\\\\On the weekly chart for gold is well seen as the price stops at the level of resistance (gold was unable to overcome it), the third day of gold falls, it seems is a change of trend in the south, stochastics showed a sell signal.\\\\

[bdconnect]

Gold is good pair to get more profit.gold margin cell movement very first but gold is good only for long time trade if you want to more profit than you trade long time.

[raihan8212]

Gold futures were little changed near a two-week low during European morning hours on Wednesday, as ongoing fears over the health of the global economy boosted demand for the U.S. dollar.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,764.85 a troy ounce during European morning trade, easing down 0.01%.

Prices were stuck in a narrow trading range of USD1,766.95 a troy ounce, the session high and USD1,762.05 a troy ounce, the daily low and the lowest since September 27.

Gold prices were likely to find support at USD1,755.35 a troy ounce, the low from September 27 and resistance at USD1,781.55, the previous session�s high.

Market sentiment remained under pressure after the International Monetary Fund cut its 2012 and 2013 global growth forecasts on Tuesday, and warned of even weaker expansion unless officials in the U.S. and Europe address threats to their economies.

The IMF said that the world economy will grow 3.3% this year, the slowest since the 2009 recession, and 3.6% next year, compared with July predictions of 3.5% in 2012 and 3.9% in 2013.

Investors also remained cautious amid worries over how soon Spain may formally request a bailout and uncertainty over whether international creditors will extend loans to Greece.

Later in the day, Italy was to auction EUR11 billion of short-term government bonds. In addition, Spanish Prime Minister Mariano Rajoy was to hold talks with French President Francois Hollande in Paris.

The risk-off trade environment prompted investors to shun riskier assets, such as stocks and commodities, and flock to traditional safe haven assets like the U.S. dollar and Treasuries.

The dollar index, which tracks the performance of the greenback against a basket of six other major currencies, was up 0.1% to trade at 80.18. It rose to a one-month high of 80.31 earlier in the session.

A stronger U.S. dollar usually weighs on gold, as it dampens the metal's appeal as an alternative asset and makes dollar-priced commodities more expensive for holders of other currencies.

Elsewhere on the Comex, silver for December delivery dipped 0.35% to trade at USD33.87 a troy ounce, while copper for December delivery declined 0.2% to trade at USD3.711 a pound.