Gold

[muscle fx]

Gold prices fell on Friday, ahead of the ECOFIN meeting in Europe, closing an ugly week for precious metals. Indeed, behind yesterday's session that included the highest profit taking and equities (S & P), the yellow metal has not been able to get any momentum today. After testing a support that has been broken in 1567, prices are now edging lower during the European trade as this level has been turned into resistance. In the end, a move above 1570 would alleviate many concerns bearish, but at this point it has not been proven. At the time of writing, gold is trading at USD $ 1557.57 per ounce.

[hwida 1046]

elliott flat correction down 1552.80 it should test 1562 area after whish a sell off down to 1553 or extended to 1546 area is expected
support and resistances
res2 1575
res1 1568
pivot 1561
sup1 1553
sup2 1546

[fxmax]

Now its best time to make long term investment into gold as we see recovery of EU zone in next few days and gold will arise with that to i buy it and aim to sell in next two months hpefully this will give me expected return i make this analysis after consider all facts....Best of luck

[mtrsumon]

Gold analysis for 04.12.2013 by using pivot indicator.

r3: 1583.08
r2: 1575.52
r1: 1568.17

pivot: 1560.61

s1: 1553.26
s2: 1545.70
s3: 1538.35

[forexgroove]

GOLD (Spot) intraday: the downside prevails.

Pivot: 1558.00
Our preference: SHORT positions below 1558 with 1540 & 1530 as next targets.
Alternative scenario: The upside breakout of 1558 will open the way to 1568 & 1576.
Comment: the immediate trend remains down and the momentum is strong.

[edmar6969]

GOLD (Spot) intraday: the downside prevails. BEARISH
Pivot: 1530.00
Our preference: SHORT positions below 1530 with 1480 & 1465 in sight.
Alternative scenario: The upside breakout of 1530 will open the way to 1541 & 1553.
Comment: the immediate trend remains down and the momentum is strong.
Trend: ST Ltd downside; MT Bearish

[amnag]

today i like to buy gold @ 1555.10 to 1550.25 range
my stop loss for today is @ 1535.10
half take profit @ 1560.10
half take profit @ 1570.10

[Dawood]

I have just joined the forex trade. I have opened a demo account. I am trading in Euro/Us dollar pair of currencies. I have no knowledge about Gold. Can I start trade in Gold. I am thinking about it . But i have no experience.

[ponss]

now sellers dominate the market gold. ranging from sellers monthly, weekly seller, seller daily. the greatest probability is sell. use your favorite strategies and only take sell signals. price limits are 1580.54 and 1549.37

[hwida 1046]

elliott flat correction down 1543.93 support and resistances
res2 1600
res1 1579
pivot 1546
sup1 1546
sup2 1534