Gold

[ESSADRY]

if its able to break the 1551 then we see some quick rally toward all time high, Hold on buy order till all time high,Initial resistance is now at 1550 (June 1 high) followed by 1577 (All time high).

[marwa]

XAU/USD has shaped a symmetrical triangle of bottoms letting us think that the bearish movement should pursuit.

To stay close to our last analysis, we are neutral between 1580 and 1600 points. We advise to wait an exit of this range to take positions:
- Long above 1600 points. The breakout of 1620 points will give a new buy signal
- Short below 1580 points. The breakout of 1560 points will give a new sell signal.

Most agressive traders could trade the gold according to the key level at 1590 points.

[mturk2007]

Small-scale control over the trading price of gold since the morning, which keeps the proposed scenario am standing unchanged.
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Stability above 1595.00 the most important factors to achieve the expected positive.
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Expected trading range for today is between: Support and Resistance 1585.00 1629.00
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General tendency is expected for today: rising

[expert]

The Gold for now look to become more bulls = we can see from the TCCI line now = still green color. The MACD also on look yo become more bulls. On my see for today movement = gold want to touch that 1617.90. So, search for nice Buy Op on smaller TF = better. Please note : now if you see to the 1H TF = the probably to bearish correction first = yes, here.

[mahmoud mohamed tawfik]

long positions at 1608.8200 with 1620.6800 and 1631.9700 as next targets

the breakout of 1599.8500 will call for a slide at 1589.1400

[expert]

The Gold till now - still look sideways but with more probably to be more bulls = because here was formed a two bulls candle and also we can see the TCCI look bulls. But, because the price candle movement still weak move = I see - the wait and see action = better choice till now.

[forexctg]

Gold means commodities, I think gold has more fluctuation in this market then the currency pairs because i think in one day gold can go 2000 pips up and down which is very risky for the trader and for this i think before trading in the gold market trader have to gather more knowledge about this market.

[yogesh]

As now gold as successfully managed to cross 1600 level and is trading around 1607 we may expect that it shall move for the target of 1625 any downside should be bought until it goes below 1595.

[mturk2007]

Shows a positive trading price of gold since the morning, touching levels of 1590.00, while still trading below the moving average stable 50.
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Thus, our expectations for the downward trend remains firmly a list price below 1594.00
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Expected trading range for today is between: Support and Resistance 1550.00 1595.00
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General tendency is expected for the day: the downside

[Miki]

Gold is now well risen in price once managed to get out of converging triangle, the price is now trading above the Ichimoku cloud, and even managed to break through the resistance of 1597.00, for purchases should be held so that a breakthrough 1600.00.