Gold

[kakpay]

Major conditions: bearish trend, momentum yesterday signaled a huge seller and still be able to enter the target demand zone next.

Until this weekend, it appears that the gold price will be around the zone's demand is still fresh. It's wise to be a seller.

[Bieela_cute]

19 Oktober 2012
Elliott: flat correction down 1730.60
Market should not go lower than 1739.76 - 1735.57. After this move down it should go up to 1746.80 - 1749.66 area.
Warning: Low Zone
Technical points
Key point 1,740.4100
Entry point 1,746.0300
Elliott 1,753.6300
Closing 1,741.3000
Projection 1,728.7900
Trendline 1,752.3100
Trendline 1,750.9900
Supports / Resistances
Res 2 1,758.0300
Ex-High 1,752.3100
Res 1 1,749.6600
Pivot 1,743.9400
Sup 1 1,735.5700
Ex-Low 1,738.2200
Sup 2 1,729.8500

[Pioner3]

Technically, gold looks to the south, and from him I expect the formation of the southern mid-wave, one has only to look at the weekly chart, it can be seen a retreat from the long-term resistance line in 1784 with candle confirmations and additional signals MASD /.

[gandha]

Risk sentiment is still maintained by the improving U.S. housing data released overnight and Chinese economic data released this morning. Data permission to build homes in the U.S. rose from 800 thousand to 890 thousand last month. And Chinese data released this morning, even though China's GDP growth in the 3rd quarter released by 7.4% lower than the 7.6% the previous quarter but an increase in industrial production of 9.2% from the previous 8.9%.

Market players are still optimistic about the results of the EU economic summit that will take place today until tomorrow and this summit will be in focus of market participants in the two-day event.

The price of gold held in the resistance around $ 1752-53 per troy ounce, but the decline was also maintained by the support in the range of 1742. Consolidation is likely to happen until the release of the report on the discussions that took place at the summit. Penetration resistance would bring gold to the area in 1764 while weakening down area of ​​1742 could bring gold down to the 1727 area.

U.S. jobless benefits claims data will also be a market mover. When the data was better than expected 367 thousand dollars potentially higher return and will suppress the gold price.

[forexking2]

Trades and narrow side control the movement of the price of gold since the morning, and this is what makes us continue in according to what we have in our previous report pending more accurate signals of the next trend.

[Bieela_cute]

Elliott: zigzag or flat correction 1757.25
Current rise should end around 1754.85. Objectives of this downmove are 1744.14 or 1738.17. A rise above 1759.60 is again bullish.
Warning: Low Zone - Imminent end of bullish move
Technical points
Key point 1,753.7300
Entry point 1,750.6300
Elliott 1,728.7900
Closing 1,750.1100
Projection 1,757.2500
Trendline 1,743.9000
Trendline 1,751.0100
Supports / Resistances
Res 2 1,759.6000
Ex-High 1,753.6300
Res 1 1,754.8500
Pivot 1,748.8800
Sup 1 1,744.1400
Ex-Low 1,742.9100
Sup 2 1,738.1700

[ahmed fakhry]

The Gold prices were generally following the currency markets, therefore had a positive dynamics, but investors were inactive due to announce of the pending decisions of EU summit, which starts on Thursday. The good news for gold was that the Gold Fields company, the South African gold producer announced the completion of an unauthorized strike at the mines in South Africa. Also, the gold’s ETF rose by 16,700 ounce on Tuesday confirming demand for an asset. The November futures of gold grew by $ 7.80 to $1752.90 per troy ounce on COMEX today.

[raihan8212]

Gold futures edged lower during European morning hours on Thursday, as investors were cautious ahead of the start of a two-day summit of European leaders later in the day, amid ongoing concerns over Spain and Greece.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,747.85 a troy ounce during European morning trade, shedding 0.3%.

Prices fell by as much as 0.4% earlier in the session to hit a daily low of USD1,746.85 a troy ounce.

Gold futures were likely to find near-term support at USD1,730.15 a troy ounce, the low from October 15 and resistance at USD1,774.95, the high from October 12.

Investors were looking ahead to the start of a two-day European Union summit on Thursday, although no major announcements on Spain or Greece were expected.

Market players have been anticipating for the past month that the Spanish government would ask for a full-scale sovereign bailout.

A bailout would allow the ECB to step in and buy Spanish sovereign debt, which would result in reduced borrowing costs for the debt-strapped nation. But Spain has been reluctant to do so because it may come with conditions on its budget.

The yield on Spanish 10-year government bonds was at a multi-month low of 5.47% ahead of an auction of Spanish government debt later in the session.

A stronger U.S. dollar weighed on the precious metal, as investors piled in to the relative safety of the greenback. The dollar index, which tracks the performance of the greenback against a basket of six other major currencies, advanced 0.15% to trade at 79.19.

A stronger U.S. dollar usually weighs on gold, as it dampens the metal's appeal as an alternative asset and makes dollar-priced commodities more expensive for holders of other currencies.

Also Thursday, official data showed that the Chinese economy expanded by 7.4% in the three months to October, matching economists� forecasts.

Other key China reports, including retail sales and industrial output figures also beat forecasts, easing fears over a �hard landing� in the world�s second largest economy and dampening hopes for near-term monetary easing.

The data came one day after a report showing that U.S. housing starts rose by 15% in September, the fastest pace since July 2008, adding to hopes that the U.S. economic recovery is gaining momentum.

The upbeat housing data reinforced the view that the U.S. economy is improving, raising concern the Federal Reserve might scale back its monetary easing measures.

Elsewhere on the Comex, silver for December delivery fell 0.45% to trade at USD33.08 a troy ounce, while copper for December delivery dipped 0.2% to trade at USD3.742 a pound.

[hictor23]

XAU/USD
sell
Enter :- 1749.51000
TP1 :- 1749.71418
TP2 :- 1749.91838
SL :- 1749.10167

Note this is just my attempt to predict the price could be right or wrong stop-loss order is very important must put always follow the trend

[secret alibi]

Bias remains neutral in nearest term, break
above 1753 area should change bullish bias
targeting 1760 Immediate support is found
around 1743 break below this area could
trigger further bearish momentum testing
1734 region.

Resistance Level : 1753, 1760, 1775
Support Level : 1743, 1734, 1728
Trading Range : 1734 – 1760
Trend : Neutral