Gold

[yogesh]

It was really good that market did not slip below 1525 otherwise it was going to head towards 1480 level, and the recovery was really good upto 1578 level where it got some resistance, now it has already corrected and is trading around 1565 where fresh buying may come and this time it may cross 1578 and enter into 1590-1600 range again.

[bigearners]

nice analysis bro ab yeh leg reha hey k uper hi jaye ga kafi neechay ja chuka tha acha support mila hey.mera target yahan sey 1700 ka ho ga ager koi acha buy signal mila to. long term trade

if got good support around 1580..then its good chancesto cover 1600 level first and new target of 1700 may achieved but kuch bhi ho sakta hai.aisa nahi hai ki upar hi jaye neeche bhi ja sakta hai.kyonki abhi thodasa market first week of new year may be unpredictable.

[khanfx]

Parity XAU / USD (OR) yesterday pretended to break out the support line of its long-term bullish channel (brown lines on the graph - see long-term analysis) and support located at 1550 points.
The course is currently testing a return to above 1550 points.
All indicators are bearish.
We continue to advise treat only short positions as the course will be located under 1580 points.
A break out of 1550 points will then offer a new sell signal for an extension of the downward movement in the direction of 1500 points or lower if this level is also broken down.
In case of return of the course above the 1580 points then we will wait for a break 1600 points upward to advise to go / not to treat more than the long positions on gender.

[biouscope]

placing a pending buy at 1570 tp at 1650 Trailing 10usd

if gold continue going down then will move lower but 20usd above the spot rate...

[khanfx]

Parity XAU / USD is testing the support line of its long-term bullish channel (brown lines on the graph - see long-term analysis)
At the same level, the course also tests the support located at 1550 points.
All indicators are bearish.
We continue to advise treat only short positions as the course will be located under 1580 points.
A break out of 1550 points will then offer a new sell signal for an extension of the downward movement in the direction of 1500 points or lower if this level is also broken down.
In case of return of the course above the 1580 points then we will wait for a break 1600 points upward to advise to go / not to treat more than the long positions on gender.

[yogesh]

will the gold reach to 1615 next week? i had bought it at 1607 hoping that it would reach 1625 next week but i think i may fail in my prediction but have to wait for next week to say whether i fail in my prediction or not

In my view still the doors are open, we have a very good support in range 1590-1600 where market remained for 3 days before giving a break out above 1600 level, but the problem is now since two days market is finding it difficult to move up even not reaching 1615 level, may be this due to the fear traders have by the fall from 1640 to 1603. May be market is just waiting for a good news and we shall again go up and i dont see downside until we are above 1600 level at closing level or say we dont break 1590-1600 range.

[forexman]

for short term save haven buy 1600 to 1605 range and sell to 1612 to 1615 pichle kuch hrs se to aisa he chal raha ha 1600 level strong level ha aur yaha se fil hal niche jata najar nai aa raha aur mid short time long target 1650 lag raha ha

will the gold reach to 1615 next week? i had bought it at 1607 hoping that it would reach 1625 next week but i think i may fail in my prediction but have to wait for next week to say whether i fail in my prediction or not

[rohi]

for short term save haven buy 1600 to 1605 range and sell to 1612 to 1615 pichle kuch hrs se to aisa he chal raha ha 1600 level strong level ha aur yaha se fil hal niche jata najar nai aa raha aur mid short time long target 1650 lag raha ha

[yogesh]

looking at gold trading conditions for now i opened a long on gold at 1600.00 will target 1745.00 in coming month of jan 2012, let see if it will make about 70-80% of ROI for me.

Well dont know it will reach 1745 by january or not but for sure it can make up 1660 in few days and that too will make good profit, important here is bias is positive until it does not break below 1590-1600 range and we can use that as stop loss while going long.

[pankajbhaban]

looking at gold trading conditions for now i opened a long on gold at 1600.00 will target 1745.00 in coming month of jan 2012, let see if it will make about 70-80% of ROI for me.