Gold

[khanfx]

Parity XAU / USD is testing the support line of its long-term bullish channel (brown lines on the graph - see long-term analysis)
At the same level, the course also tests the support located at 1550 points.
All indicators are bearish.
We continue to advise treat only short positions as the course will be located under 1580 points.
A break out of 1550 points will then offer a new sell signal for an extension of the downward movement in the direction of 1500 points or lower if this level is also broken down.
In case of return of the course above the 1580 points then we will wait for a break 1600 points upward to advise to go / not to treat more than the long positions on gender.

[yogesh]

will the gold reach to 1615 next week? i had bought it at 1607 hoping that it would reach 1625 next week but i think i may fail in my prediction but have to wait for next week to say whether i fail in my prediction or not

In my view still the doors are open, we have a very good support in range 1590-1600 where market remained for 3 days before giving a break out above 1600 level, but the problem is now since two days market is finding it difficult to move up even not reaching 1615 level, may be this due to the fear traders have by the fall from 1640 to 1603. May be market is just waiting for a good news and we shall again go up and i dont see downside until we are above 1600 level at closing level or say we dont break 1590-1600 range.

[forexman]

for short term save haven buy 1600 to 1605 range and sell to 1612 to 1615 pichle kuch hrs se to aisa he chal raha ha 1600 level strong level ha aur yaha se fil hal niche jata najar nai aa raha aur mid short time long target 1650 lag raha ha

will the gold reach to 1615 next week? i had bought it at 1607 hoping that it would reach 1625 next week but i think i may fail in my prediction but have to wait for next week to say whether i fail in my prediction or not

[rohi]

for short term save haven buy 1600 to 1605 range and sell to 1612 to 1615 pichle kuch hrs se to aisa he chal raha ha 1600 level strong level ha aur yaha se fil hal niche jata najar nai aa raha aur mid short time long target 1650 lag raha ha

[yogesh]

looking at gold trading conditions for now i opened a long on gold at 1600.00 will target 1745.00 in coming month of jan 2012, let see if it will make about 70-80% of ROI for me.

Well dont know it will reach 1745 by january or not but for sure it can make up 1660 in few days and that too will make good profit, important here is bias is positive until it does not break below 1590-1600 range and we can use that as stop loss while going long.

[pankajbhaban]

looking at gold trading conditions for now i opened a long on gold at 1600.00 will target 1745.00 in coming month of jan 2012, let see if it will make about 70-80% of ROI for me.

[yogesh]

It made several attempts already to move near 1600 level but good that the support is still intact and as market has spend 3 days trading in narrow range of 1590 to 1600 it is unlikely that this range can be broken so easily so it is quite safe to use 1590-1600 band as good support while going long.

[aniket]

If a M15 close above 1720 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 1580 sell only and do not buy. If price closes back above it again do nothing

The range 1720 and 1580 is neutral area, any trade done in between is personal decision and not part of this analysis

[taqiniazi]

According to my personal experience and market signals of the pair XAU/USD is on Selling position. the current price of this pair is 1588.73
So, the XAU/USD might be touches the 1568.67 or [B] 1601.2[B]

Best of Luck ...

[rakesh]

If a M15 close above 1720 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 1600 sell only and do not buy. If price closes back above it again do nothing

The range 1720 and 1600 is neutral area, any trade done in between is personal decision and not part of this analysis