Gold

[Rehan218]

As far as I can tell, because of occasional quality in gold, another high will be printed very soon in september. There will be room time-wise to get in long upon a remember to 1780-1800 territory for an objective of 1940-1960, which is required to be conveyed by end of September 2011.

[talhaahmad04]

Price raised $5 after market open and formed another bullish candle on daily chart, if its able to break the 1551 then we see some quick rally toward all time high, Hold on buy order till all time high.

[ah16]

DJIA on rally last night gold were joint come easy to upside move as it is index moving average with gold it was a noise signal...nothing much to predicted.

[ah16]

Price is up $5 after market open and formed another bullish candle on daily chart, if its able to break the 1551 then we saw some quick rally toward all time high, Hold on buy order till all time.

[Galaxy]

To-day Gold Resistance & Support

Resistance level
1 Resistance level 1311.35
2 Resistance level 1311.48
3 Resistance level 1312.30
//////////
Support level
1 Support level 1309.79
2 Support level 1310.60
3 Support level 1309.45

[express]

Gold Technical analysis:

Support
1-Support 1310.66
2-Support 1313.51
3-Support 1311.35

Level of Resistance
1-Resistance 1308.62
2-Resistance 1305.79
3-Resistance 1307.95

[FM1881]

For short term trader in gold there is a good technical today because if we look the chart in the picture above, gold go to up after touched monthly support level 2 yesterday in american session.

In asian market today ma 16 had crossed up ma 96 .It can indicate that the price will go up, below trend analysis today with ma system:
ma 16 as short term trend indicator= up
ma 96 as medium term trend indicator= sideways
ma 480 as long term trend indicator = down
So the trend is up weak short term

I predict the price will go up again until weekly support 2 area 1601.57

If looking mreinstein stochastic signal tf h1 & h4 in overbought area now, so before up again ,gold price may down then retrace up

[FM1881]

Official data Friday showed that U.S. consumer sentiment rose to its highest level in five years in October. The University of Michigan said that its consumer sentiment index rose to a seasonally adjusted 83.1 from 78.3 in September, the highest level since September 2007.

The data came one day after the U.S. Department of Labor said the number of individuals filing for initial jobless benefits fell by 30,000 to a seasonally adjusted 339,000 in the previous week, compared to expectations for an increase of 1,000.

It was the lowest reading since February 2008, reinforcing the view that the U.S. labor market is improving, following last week�s stronger-than-expected non-farm payrolls report.

The Federal Reserve announced last month that it will buy USD40 billion of mortgage-backed securities each month until the U.S. labor market improves.

In the week ahead, markets will continue to continue to focus on whether Spain will formally request a bailout and if international creditors will extend loans to Greece as the country struggles to meet deficit reduction targets.

[Shahzada]

gold as main money! LOOK at gold monthly chart, what you see? > gold is only rising, inflation, bank of world is giving loan to to all country,;s by 1 or 2%, but where they will get these 2%? only by making another loan! and more and more money is out in forex market, and more and more money is equal to gold! gold will keep rising for ever, i know for sure, there will be many good pullbacks, because country; like USA will get economy back, and give back it;s loan

[FM1881]

The way I see it, due to seasonal strength in gold, a new high will be printed very soon in september. There will be room time-wise to get in long upon a retrace to 1780-1800 area for a target of 1940-1960, which is expected to be delivered by end of September 2011.