Gold

[jellybelly2017]

set priice is undervalued than its fundamental price. 4hr:Support at 1313.600 held. 1hrs:Buys at 1313.600


1 Resistance is: 1320.57
2 Resistance is: 1323.06
3 Resistance is: 1327.08


1 Supporting is: 1312.51
2 Supporting is: 1310.05
3 Supporting is: 1306.07

[5150]

GOLD PRICE
People with an interest in global financial markets often pay particular attention to the live gold price, along with its daily, weekly, monthly and historical fluctuations. Traders also keep a watchful eye on gold price forecasts, not only for the potential impact on their portfolios but for the important insights into the health of economies throughout the world. For example, rising gold prices could signal uncertainty or potential upheaval, as investors tend to turn to gold as a safe-haven asset when other financial instruments

[sakigbest]

gold mera bohat ee pasmndeedah pair tha laikn iss sa mujhe iss kdr payara loss b huva hai jo mujhe ajj din tk nhi bhoool rha haio main ab herr pal yee ee duva kerta rahata haun ka yaa allah mujhe ek brr pher itna ee profit dee jo ka mujhe umeed hai ek din zarur puri ho geee

[Zeeshani]

Today analysis for the pair of :Gold
--- Trading opinion for the best profitable trade: Open buy ---
I recommend this trading trend for all my friends because I made this recommendation after the great experience of trading and analysis of fundamental approaches. Best of luck
Resistance level of this pair is:
1# Resistance is: 1320.57
2# Resistance is: 1323.06
3# Resistance is: 1327.08
Supporting level of this pair is :
1# Supporting is: 1312.52
2# Supporting is: 1310.03
3# Supporting is: 1306.00

[Facebook]

Pivotal Points: 1316.73


Resistance 3: 1331.73

Resistance 2: 1327.28

Resistance 1: 1321.40


Support 1: 1310.27

Support 2: 1306.18

Support 3: 13000.08

[ba33]

That said, traders usually wait for confirmation in the form of strong bearish follow-through, preferably a break below the low of that candle. So, a close today below $1,312 could invite strong selling pressure and a drop to levels below $1,300 in the next few days.

The probability of gold closing below $1,312 would rise if the bear flag seen in the hourly chart is breached to the downside. That bearish continuation usually accelerates the preceding bearish move.

On the higher side, a break above $1,324 (Monday's high) is needed to revive the bullish view.

[Sing]

Gold price approached the intraday bullish channel’s support line that appears on the chart, accompanied by stochastic reach to the oversold areas, which supports the chances of bouncing bullishly to resume the bullish trend in the upcoming sessions, which depends on the price stability above 1302.60, while its next main target located at 1346.73.

[SDK]

Gold futures ended Friday�s session at the lowest level in two weeks, as traders were hesitant to push up prices amid ongoing uncertainty over whether Spain will formally request a full-scale sovereign debt bailout.

On the Comex division of the New York Mercantile Exchange, gold futures for December delivery settled at USD1,755.25 a troy ounce by close of trade on Friday, losing 0.9% on the day.

Earlier in the session prices touched a daily low of USD1,753.75 a troy ounce, the weakest level since September 26. On the week, gold futures declined 1.5%, the biggest weekly drop since the last week of June.

Gold futures were likely to find support at USD1,739.35 a troy ounce, the low from September 26 and resistance at USD1,781.55, the high from October 8.

Market players remained cautious amid ongoing uncertainty over Spain�s position on requesting external financial aid from its euro zone partners following a down****e by ratings agency Standard & Poor�s.

S&P cut the country�s credit rating by two notches to BBB-minus with a negative outlook late Wednesday, just one notch above junk status, citing �mounting risks to Spain�s public finances.�

Market players have been anticipating for the past month that the Spanish government would ask for a full-scale sovereign bailout.

A bailout would allow the European Central Bank to step in and buy Spanish sovereign debt, which would result in reduced borrowing costs for the debt-strapped nation.

But Spain has been reluctant to do so because it may come with conditions on its budget.

Gold prices came under additional pressure following the release of upbeat U.S. economic data, which raised concern the Federal Reserve might scale back its monetary easing measures.

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.

Meanwhile, the U.S. is to release a flurry of data, including reports on retail sales, manufacturing activity in New York and Philadelphia, initial jobless claims and housing starts, among others.

Elsewhere on the Comex, silver for December delivery settled at USD33.48 a troy ounce by close of trade on Friday. Earlier in the session, silver futures touched a low of USD33.46, the weakest level since September 26.

On the week, silver futures lost 3.05%.

Meanwhile, copper for December delivery shed 1.6% over the week to settle at USD3.696 a pound by close of trade Friday.

Growing fears over the health of the global economy have dam

[roperian451]

Daily Supports & Resistances for Gold

Resistances

1- 1328

2- 1334

3- 1342

Supports

1- 1310

2- 1301

3- 1292

[forexA]

hellow my dear all mumber and my dear sir today of my tachncal analysis is GOLD sell to bearish trend strongly and moving average my indicetor sell
and daily support or resistance levels

up sait
1 Resistance level 1346.64
2 Resistance level 1340.69
3 Resistance level 1338.03

down sait
1 Supportind level 1330.99
2 Supporting level 1328.64
3 Supporting level 1310,25