Gold

[anitagala124]

the Gold is trading under the level of 1750.00 , any way if the pair succeeded in breaking 1750.00 , it will continue in it's up movements heading to 1760.00 and then 1770.0

[Victoryindia]

Gold continued to settle lower on Friday, with the market finding support at 1720. Traders will now be looking for longs around 1720 in the expectation of a continuation of last week’s move higher.

[anchitkole]

the pair and as we can see from the chart has closed it's weekly candle under the level of 1760.00 , so , that's mean the down trend is still standing and the pair is heading to 1740.00 then 1720.00

[anitagala124]

If a M15 close above 1747.80 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 1732.20 sell only and do not buy. If price closes back above it again do nothing

The range 1747.80 and 1732.20 is neutral area, any trade done in between is personal decision and not part of this analysis

[anitagala124]

As we have pointed out on numerous occasions, gold has flourished when investors� expectations of the post-2008 recovery hit sentiment extremes. For those expecting a brisk rebound (the so-called �V-shaped� recovery), gold was an attractive store of value amid fears that inflation would spiral out of central bankers� control and debauch paper currencies

[anchitkole]

Markets are once again back under pressure after Tuesday’s equity market gains were entirely wiped out (9th worst point drop on record for Dow). Fear and panic remain firmly in control, and gold prices continue to soar to record highs beyond $1800.

[anitagala124]

we can see that the pair has failed in breaking the level of 1760.00 and bounced from it , so that's mean the down trend is expected and the pair might head to 1720.00 and then 1700.00

[anchitkole]

The drop in the Yen is probably one of the reasons for the appreciation of US dollar against other currencies. If the USD will continue to appreciate during the day, this might continue to affect the recent rally of gold

[anitagala124]

That decline could turn into something more profound if renewed risk aversion is matched by a less than hysterical evaluation of the macroeconomic landscape.

[anchitkole]

Gold prices thrived as fears of a double-dip global recession began to circulate around financial markets amid increasingly overt signs of simultaneously slowing growth in all of the major hubs driving the recovery (China, the EU and the US).