Gold

[vetra]

gold, on Friday yesterday bullish movement. gold could make a new high. the current price is above the band BS daily. weekly LSMA conditions could be pointing up but back down. because the price is above the BS band then focused to look for long positions. the current price is below the daily LSMA, then open a buy position is currently dangerous. wait the price is above the daily LSMA to open a buy position. target price is 1399.43.

[fxabdulrehman]

Weekly Gold Price Resistance, 1450 $

Weekly Gold Price Support 1364 $

Last week gold traded with a zig zag move all around. Now if it click our resistance and manage to close above our resistance level then gold price can test upto 1480-1520 $

If gold price click our support and manage to close below our support level then the gold price can sink upto 1330-1300 $ and even more red color in gold prices not ruled out.

Overall last week gold had entered in weak range

[Goll]

Bears attempt to break through the support of 1364 and continue to decline ended in failure, the course formed a false breakdown (evidence of weakness bears), there is also a signal to buy MACD, confirming a signal to go long will be the breakdown in 1373 which will open in 1400 as the target figure.

[vetman85]

Update:
The price of the gold shows weak trading since morning, while stochastic keeps gaining more positive momentum, which encourages us to keep the morning suggested scenario as it is for today, reminding you that its important to monitor the price behavior when reaching the critical support at 1350.00

[vetra]

yesterday was trading in a bearish gold. and today's movement of gold, being sideway. the price is still below the daily BS band, meaning that sellers are still dominating the market. Daily LSMA condition still pointing down. weekly LSMA conditions are still pointing down. it is likely that prices will continue to trend back down. open transactions sell when prices seen bouncing from band BS LSMA daily or daily. target price is 1364.62.

[omar555ak]

Gold price is now down trend. The price already touched daily pivot point (1377.34). I think the price may touch daily support 1 level (1354.91).

[amnag]

today i like to buy gold @ 1357.10
my stop loss of the day @ 1354.00
half take profit for today @ 1363.00
and further half take profit @ 1369.00

[vetman85]

The price of the gold affected by negative pressure yesterday, after the negative signal that was mentioned in our last report, to approach now from the bullish channel�s support that appears in the image which is located at 1350.00. The EMA50 meet with this support besides Stochastic reaching the oversold levels is providing support for the bullish trend return�s chances again, therefore, the risky traders can ride a bullish wave from there, while being careful is required in the upcoming trading, especially when testing the mentioned support.

[sumonbaf]

Gold analysis for 09.06.2013 by using pivot indicator.

r3: 1424.18
r2: 1411.83
r1: 1389.37

pivot: 1377.02

s1: 1354.56
s2: 1342.21
s3: 1319.75

[fxabdulrehman]

Today we should just place sell and go away for the bearish door opened well the US data broke yesterday, now sometime traders feel they can predict what would happen in the market which work out with the help of technical analysis , but coming down to gold we saw that bearish door was opened yesterday,

Technical analysis on Daily chart we can see that gold is having a pull back of 50% of the up move or bull move from swing low 1272.65/ swing high 1433.48 and the 50% is 1353.07 which from the look of how price is the market has a strong bearish move which makes us to be looking at price getting to 1334/1320.31 where 1320.31 is a support above the 78% fibo @1307.07 which if price should break the we can say possible of bearish move continuing but that would be 100% sure if price break through 1272.65.