Gold

[andi1681]

On in this treading ssytem of forex is beter than the gold treading because we all know that it is a money treading system so if if you want to be gainer than work on in it.

[raihan8212]

Gold futures were little changed near a six-week low during European morning trade on Wednesday, as the U.S. dollar pushed higher following the release of dismal euro zone manufacturing data.

Market participants looked ahead to the conclusion of the Federal Reserve's two-day policy-setting meeting later in the day, after the central bank announced its third round of quantitative easing last month.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery traded at USD1,709.05 a troy ounce during European morning trade, nearly flat on the day.

Prices held in a tight trading range of USD1,715.15 a troy ounce, the session high and a daily low of USD1,707.05 a troy ounce. On Tuesday, gold prices touched USD1,704.75 a troy ounce, the cheapest level since September 7.

Gold prices were likely to find support at USD1,688.85 a troy ounce, the low from September 7 and resistance at USD1,731.25, the high from October 22.

The euro sank to a seven-day low against the U.S. dollar after weak euro zone PMI reports and disappointing German business confidence data added to concerns over the economic impact of the region�s long-running debt crisis.

Markit said that its flash euro zone manufacturing purchasing managers� index fell 45.3 in October from a final reading of 46.1 in September. Analysts had expected the index to ease up to 46.6 in October.

Germany�s flash manufacturing PMI fell to 45.7 in October, from a final reading of 47.4 in September, disappointing expectations for an improvement to 48.0.

Meanwhile, a report by German research institute Ifo showed that its business climate index fell to100.0 in October, the lowest level since March 2010, from a reading of 101.4 in September.

The news prompted investors to shun riskier assets, such as stocks and commodities, and flock to traditional safe haven assets like the U.S. dollar and Treasuries.

The dollar index, which tracks the performance of the greenback against a basket of six other major currencies, was up 0.2% to trade at 80.20, the highest since October 11.

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.

Gold traders are turning their attention to the Fed�s policy meeting on Wednesday after the central bank vowed last month to buy an average of USD40 billion of mortgage-backed securities a month until the economy shows significant improvement.

Moves in the gold price this year have largely tracked shifting expectations as to whether the U.S. central bank would pump more money into the financial system.

Elsewhere on the Comex, silver for December delivery rose 0.25% to trade at USD31.87 a troy ounce, while copper for December delivery added 0.25% to trade at USD3.577 a pound.

Copper prices remained supported after a report showed that China's HSBC manufacturing PMI came in at 49.1 in October, compared with a final reading of 47.9 in September.

The Asian nation is the world�s largest copper consumer, accounting for almost 40% of world consumption last year.

[andi1681]

In this recent time the tred forum is better tahn the gold because we all know that it is a money amking treading system and a lots of peiople are so be gainer by this system.

[Robi]

Gold once again came to the lower boundary of a bearish channel, there was a small rebound, I think in the near future will begin north of the correction after the sharp fall, if the probability of touching the northern boundary of the channel, sales will be considered only at the end of correction, or at the break of 1703.

[ahmed fakhry]

Gold: November futures of gold dropped today to $1703.00 per troy ounce level on COMEX. The gold prices were under pressure and dropped to its six-week low against the dollar as the dollar strengthened and stock markets fall.

[forexking2]

Trading price of gold stabilized below SMA 50, promotes price expectations consistently bearish correction targeting levels 1700.00-1692.00 standby main station.

[ashaab]

The short term trend of the Gold is to the upside. Intraday trading range of the Gold is expected among key support at 1677.00 and key resistance at 1750.00. Based upon my chart analysis, I prefer to buying the Gold around 1700.00 with target 1728.00 then 1755.00 and stoploss is below 1675.00.

[romannil]

Gold technical analysis for 24.10.2012 by using : Auto pivot indicator.

resistance 3:1749.27
resistance 2:1739.33
resistance 1:1723.07

pivot point :1713.13

support 1:1696.87
support 2:1686.93
support 3:1670.67

[nurdiantofxwave]

Gold still in bearish movement in last day. gold down until touch monthly support 1 level (1708.57). trend for long term also look down, that can predicted for price will down again in some day again. if there is not positif sentiment, in this day, gold will fell down again like yesterday.

[amni570]

Buy signal generated on GOLD daily chart.
Buy near 1725