Gold

[Bieela_cute]

Elliott: irregular flat correction up 1723.14
Currently uptrend should end around 1715.58 - 1720.47 area. A correction down to below 1702.47 is expected. A rise above 1728.68 will abort the expected correction.
Warning: Engulfing pattern
Technical points
Key point 1,714.6500
Entry point 1,707.7600
Elliott 1,700.8800
Closing 1,712.2700
Projection 1,718.8900
Trendline 1,709.8700
Trendline 1,709.8700
Supports / Resistances
Res 2 1,728.6800
Ex-High 1,718.8900
Res 1 1,720.4700
Pivot 1,710.6800
Sup 1 1,702.4700
Ex-Low 1,700.8800
Sup 2 1,692.6700

[waqar arif]

I think that the gold would move up from ther resistance level of arount "1688" it would definitly move up from there.
and further the stop loss should be placed at the 1680 ........!!





Gold would move up definitely

[amni570]

GOLD Elliott Wave
Since our last analysis Gold was trading in a downward move, impulsive wave 5 (coloured blue) of the bigger wave (C) (coloured green) was developing. Yesterday during the European session we could observe descending movement from 1,729.38 towards the 1,705.38 level. Therefore, during the New York session we could...

[mdjoy16]

i closed my buy order and just watching the movement, waiting for some good entry if its able to hit the 1540 level then we see some quick raise. good like forex forum good

[Bieela_cute]

GOLD next week

Elliott: elongated flat correction down 1700.14
It may meet resistance in 1712.27 - 1713.73 zone for a drift down to 1697.24 zone, after which bounce to 1728.76 is anticipated.
Technical points
Key point 1,710.0600
Entry point 1,707.4900
Elliott 1,796.0000
Closing 1,712.2700
Projection 1,700.1400
Trendline 1,723.9100
Trendline 1,705.3000
Supports / Resistances
Res 2 1,745.2600
Ex-High 1,730.2300
Res 1 1,728.7600
Pivot 1,713.7300
Sup 1 1,697.2400
Ex-Low 1,698.7100
Sup 2 1,682.210

[ahsan.javed27]

hold your gold positions uptil january-february and you will see a huge uptrend in gold the prices will rise to a very high extent so i recommend a buy position for long time investors and i assure that the profit would be very high what you say other members

[hodhod2000]

The trading range for today is expected among the key support at 1690.00 and key resistance now at 1750.00.
The short term trend is to the upside targeting 1945.00 per ounce as far as areas of 1520.00 remain intact with a weekly closing.

[winstead]

Bearish of Gold again tried to penetrate the triple bottom in the 1698.70 area. If this support breaks, there is a potential decrease in gold may continue to test low estimate of 1689.00.

[Robi]

So far insurmountable resistance level will 1715.00, the price is still in the southern trend and this trend is likely to continue, the North scenario will be considered only on a break and consolidation above 1715.00.

[ashaab]

The short term of the Gold is to the upside. Intraday trading range of the Gold is expected among key support at 1690.00 and key resistance at 1750.00. Based upon my chart analysis, I prefer to buying the Gold above 1700.00 with targets 1715.00, 1725.00 then 1733.00 and stoploss with four hour candle closing below 1690.00.