Gold

[100 to 1,000]

We can expect good support/buying near 1540 and so can expect a rebound last time 1530 worked as support, and this time if it rebounds from 1540 it would be good sign for bulls, in case it slip below 1525 next support may only be found at 1480

yes, your prediction is spot on. the price of gold did go below the $1,540 level but i came right back up quickly just as i expected too.
if gold price is going to follow the oil downward move then we will see a big move happening next week.
but if not then we might see a ranging trend based on the behavior of the price on last week and this week.
afterward we might also see a breakout but the detail might only be found next week.

[yhayhax]

Gold has been trying to confirm the range of 1560 but still not as strong support for providing a strong bullish momentum where the gold is still stuck in 1570 and confirming it as the range of Resistance so morning session today on the pair traded fell below the range is the range of 1550 1560. Momentum gold in the morning session today is Bearish. Beware when the pair confirmed the range of 1550 as a potential gold Resistance then traded back down and re-testing the 1525 support. Conversely, if gold managed to confirm the range of 1550/60 as the support it would be potentially traded gold rose and tried to trade back up to the 1580 range again.
Range Gold has been trading with 9.75 points at 39% of the Average Range 25.27 and has traded down -0.44% to +0.04% High and Low -0.59% from the close of trading yesterday.

Intraday Resistance 1560 - 1580 - 1600
Support intraday 1525 - 1500

[Sondag]

Surely Gold trading is very dangerous. But take a look at the support and Resistance level for today. Gold has rejected by the resistance level at 1567.40 and its created the 1st support level at 1547.20 and 2nd support at 1535.10. I expect some correction from that S&R level for minimum 500 pips.

[vampire]

The volatile price movement = yes still shown on this gold pair (XAUUSD). I see - till now - this is not nice idea to make OP here because of this volatile movement price. Just wait and see. Then, on the big trend, this pair still to become more bearish, but for now I see the sideways with quite high volatile still look here = near the price 1560.xx. Just ignore this setup candle = I see, it's better idea, of course for now.
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[yogesh]

1531 level against worked as good support and it got a nice bounce back from that level and gold is again trading/consolidating at around 1565.

[sspences1989]

Gold ma trading karna ka liya kafi ziyada experience ki zarorat hoti ha kyun ka is ma trading karna asan nahi ha ma na gold ma trading ki thi tu mujha kafi loss hua ha is liya is ma traDing karna ka liya kafi ziyada tawaja or experience ki zarorat hoti ha

[Maham Gill]

Main ye thread GOLD ke discussion ke liye bana raha hain. Sabhi members ko ya post karne ke liye swagat karta hoon.

bahi jan main an abi tak gold amin trading nahi ke ha esi waja sa to main na obht sara profit be earned nahi ka ha or waasa be main es forum main newbie hoon ro agr ap na bohtt he achi or best trading karni ahto ap ka accoutn main boht sara acha or best balance hon chayia .

[ashaab]

Gold reversed again after reaching around 1552.00, where the metal confirmed the strong effect of this barrier. Therefore, negative pressures remain evident driven by the descending channel and Stochastic in addition to the EMA 20. In general, our negative expectations remain as they are as long as gold is stable below 1561.00 today .



Recommendation : Based on the charts and explanations above our opinion is selling gold below 1552.00, targeting 1540.00, 1536.00 and 1529.00 and stop loss above 1561.00 might be appropriate.

[yogesh]

what a strong move downward yesterday.
it mirrored exactly the situation in oil. so it seems that gold will stay bearish for this week.
it is gonna be interesting to see how far gold will fall.

on a second thought, it might go up a bit before plunging further down below $1540.

We can expect good support/buying near 1540 and so can expect a rebound last time 1530 worked as support, and this time if it rebounds from 1540 it would be good sign for bulls, in case it slip below 1525 next support may only be found at 1480

[100 to 1,000]

what a strong move downward yesterday.
it mirrored exactly the situation in oil. so it seems that gold will stay bearish for this week.
it is gonna be interesting to see how far gold will fall.

on a second thought, it might go up a bit before plunging further down below $1540.