Gold

[cadetmaaz]

Gold markets got spooked by various headlines and comments out of various congressional members. However, the market did stop its fall right in the middle of a fairly significant support zone.

That being said, we did close of the very lows of the session, and this is always a very bearish sign. Because of this, we feel that there may be more weakness in this market, but we also believe that there is enough support below at the $1700 level in order to support gold going forward. We never sell gold anyways, is far too bullish over the long term for us to consider it. With all this being said, we are looking for some type of supportive action in order to start buying just below current prices at roughly $1700.

[secret alibi]

Bias is bearish for nearest term, break below 1705 area should target 1692 region as the next bearish target.
However oversold stochastic on 4H chart could trigger bullish correction, break above 1723 resistance area should trigger further bullish correction to test 1735 region.

[lot]

Nice ville gold and silver parties, in Nice ville as well as gold parties in other areas of Florida and all over the nation, are starting to appear more frequently. Although they have been in existence for several years, it is only now that they are becoming more common. The price of ...

[ahmed fakhry]

The Gold became cheaper against the strengthening of the dollar after the U.S. consumer confidence reached a four -year high in November. The December futures price of gold fell to 1740.50 dollars per ounce on COMEX today.

[cadetmaaz]

Gold remained above the crucial $1740 level.Because of this,we are still bullish of the market and would be regardless.After all,all you have to do is look at the last 10 years and see why somebody would want to buy gold and not sell it.

[winstead]

Gold did retrace towards support, which is in the 1730/35 today. In addition, the region is also strengthened by the resistance-turned-support. If the resulting increase in about 1730, I'll open buy. Support is at 1720 followed by strong support, while resistance at 1765/70 followed by 1785.

[sarfrazonline1]

Gold is 1739.6 now. Reached my sensitive level 1740 area. But I think can try buy here and bet market can hold. It is because up trend still here not crash on this moment. My rule is follow the trend is clever act. Anytime market down reach 172x area will make me deeply think the up trend finish start turn to Big Bear. We must with a well preparing for react when level appear!

[romannil]

Gold technical analysis for 28.11.2012 by using : Auto pivot indicator.

resistance 3:1759.63
resistance 2:1755.37
resistance 1:1748.53

pivot point :1744.27

support 1:1737.43
support 2:1733.17
support 3:1726.33

[winstead]

Gold will still be traded within a limited range today in the range of 1754-1744 levels. Break 1744 area then gold will go to 1734 price range. Meanwhile, if gold were able break 1754 levels then gold will go to 1770 price levels.

[Monik]

For gold now need wait for the southern correction was forming the top 3 of fractals (following merchants) after which the price decline sharply beginning and now broke through the lower zone of the fractal, reducing the level of forward 1737.40.