Gold

[shohagpal]

Essentially a gold party is hosted at someone's house and neighbors and friends are invited over to bring their gold. A professional gold dealer is there to evaluate and make offers on the gold. Those selling their gold are paid in cash at the party. The host of the party will earn a commission for all of the gold that is sold. This takes the form of a percentage of the total sales and is typically 10%, but can vary depending upon the gold deale
r.

[lulu50]

gOLD HAS ITS WAY.
iTS UP TO 1,780.
iT MIGHT HIT 2,000 MARK very soon.

[tradergalau]

Gold is moving near the 1759.04 support level now. I think Gold has a chance to reverse and rebound here. If that happens, Gold will go up today and may tries to reach the resistance level at 1778.97. But if Gold can break 1759.04 support level, I am sure Gold will continue the down trend that has been happening since the last Friday.

[mahmoud mohamed tawfik]

long positions at 1763.1400 with 1770.2600 and 1775.9800 as next targets


the breakout of 1759.4200 will call for arebound towards 1751.7900

[nurdiantofxwave]

Gold still movement with sideways pattern. this condition because affected from downward pressure yesterday. If price continue down, it may touch 1755.73 as a daily support 1 level. Then if price can break this level, down movement will get new lowest level in around 1748.00

[Adaja92]

The precious metal which Current trend of price is any amount thats upward trend but when target 1554, price gone to 1536, breaking the trend turn to the downside targeting 1531 then 1525. and this is the matter of economic involvement.

[midul13]

Gold is a very important method in the world.Now a days the price is increasing like a roler coaster.So,its tough for a middle class person to buy it.

[raihan8212]

Gold prices fell in Asian trading on Wednesday after traders snapped up the precious metal's hedge, the dollar, amid a risk-off session marked by IMF cuts to global growth forecasts.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery were down 0.09% at USD1,763.45 a troy ounce, up from a session low of USD1,762.75 and down from a high of USD1,765.75 a troy ounce.

Gold futures were likely to test support at USD1,762.15 a troy ounce, Tuesday's low, and resistance at USD1,781.55, Tuesday's high.

The International Monetary Fund said that the global economy will expand 3.3% this year and 3.6% in 2013.

Both forecasts represent downward revisions made in July for growth of 3.5% for this year and 3.9% in 2013.

The news cemented growing fears that the global economy is cooling, which sent investors snapping up safe-haven dollar positions.

Uncertainty elsewhere also kept investors in the safety of the dollar, which sent gold dipping.

Protestors clashed with police in Athens to mark German Chancellor Angela Merkel's visit to Greece, as the German leader urged Greece to stick with austerity measures, adding the country will be better off in the long run.

Uncertainty over whether Spain will seek a bailout kept the dollar up and gold down as well.

The dollar also saw gains against gold as investors braced for U.S. third-quarter earnings, which hit the wire beginning this week.

Elsewhere on the Comex, silver for December delivery was down 0.43% and trading at USD33.838 a troy ounce, while copper for December delivery was down 0.11% and trading at USD3.715 a pound.

[secret alibi]

As seen on 4H chart, 1760 area is still holding
the price to move lower, break below this area
is needed to continue the bearish outlook
targeting 1738 region. Only a clear break
above 1780 area which should cancel the
bearish outlook to move higher re-testing
1795 area.
Resistance Level : 1780, 1795, 1810
Support Level : 1760, 1738, 1720
Trading Range : 1738 – 1780
Trend : Bearish

[romannil]

Gold technical analysis for 10.10.2012 by using : Auto pivot indicator.

resistance 3:1794.32
resistance 2:1786.67
resistance 1:1775.03

pivot point :1767.37

support 1:1755.73
support 2:1748.07
support 3:1736.43