Gold

[anitagala124]

That decline could turn into something more profound if renewed risk aversion is matched by a less than hysterical evaluation of the macroeconomic landscape.

[anchitkole]

Gold prices thrived as fears of a double-dip global recession began to circulate around financial markets amid increasingly overt signs of simultaneously slowing growth in all of the major hubs driving the recovery (China, the EU and the US).

[anitagala124]

we can notice from the chart that the Gold has closed under 1760.00 , that's mean the down trend is expected and the pair might head to 1730.00 then 1720.00 , however the pair made a hourly correction

[anchitkole]

Gold changed direction and fell for the first time this week following the recent margin hike by CME; silver also followed and declined. The stock markets continue to zigzag and sharply incline yesterday. Gold and silver are traded with moderate changes

[anitagala124]

we can see that the pair has failed in breaking the level of 1760.00 and bounced from it , so that's mean the down trend is expected and the pair might head to 1720.00 and then 1700.00

[nilu]

Its second day for Gold fall almost $60 dropped from all time high, Now we will see some more fall to complete correction and then it stabilizes in $15xx are and then again starts rally

[Victoryindia]

A recovery in risk appetite threatens to undermine gold prices for a second day amid fading safe-haven demand. Indeed, short-term correlation studies continue to show a significant inverse relationship between gold and the S&P 500 and the pickup in futures tracking the index ahead of the opening bell on Wall Street bode ill for the yellow metal.

[anchitkole]

Markets are once again back under pressure after Tuesday’s equity market gains were entirely wiped out (9th worst point drop on record for Dow). Fear and panic remain firmly in control, and gold prices continue to soar to record highs beyond $1800.

[anitagala124]

we can notice from the chart that the pair has closed under 1760.0000 , that's mean the down trend is expected and the pair might head to 1750.0000 then 1740.0000 , however the pair made a hourly correction

[anchitkole]

Analyzing structure from the July low suggests that a series of 4th and 5th waves should unfold. In other words, gold is headed higher but with corrections along the way. Near term support is 1740 and 1720. The next upside objective is not until 1926.50.