Gold

[omergul]

Today analysis for the pair of gold

Is time ke price ye chal rhe he......... 1280

Resistance level 1 # 1289
Resistance level 2 # 1297
Resistance level 3 # 1305

Support level 1 # 1272
Support level 2 # 1265
Support level 3 # 1260

Ye pair buy ka bna huwa he i think jahan par market punche huwe he wahan se up ke traf movement kar sakte he so main suggest kronga hamen buy ki trade lga dene chaheye i hope is trade se ham profit earn kar len

[buttar]

Gold traded heavy during the last week of September and the bearish sentiment underlying the bullion may carry into the following month as market participants diversify away from the precious metal.

[talhaahmad04]

Follow the trend is the key in big markets and even if there is a big reversal ongoing, notice my trade today from 1195 where BTC yesterday showed weakness on 4h chart and has since really nicely evolved. Now +100 pips, can easily lock at 50 profit and wait for some more move to maybe somewhere 1175 to collect full profit and then look on the price whether there is something bigger ongoing behind or this is just another retracement.

[ah16]

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 dampened the appeal of the industrial metal in recent sessions.

Copper traders were looking ahead to Chinese third quarter growth figures due out on October 18, to gauge whether the world second largest economy is heading towards a hard or a soft landing.

[IGI]

Gold
technical analysis gold
this is a sensitive price rate
the price gold buying point is 1284.76 and the selling point 1283.44

[khizar1]

market technical analysis for currency pair GOLD
market have buy position today

market current price is 1285

resistance and support levels will remain as

Resistance level 1 =1291
Resistance level 2 =1299
Resistance level 3 =1308
Support level 1 =1276
Support level 2 =1270
Support level 3 =1264

[Bmw123]

Gold
Markeet of Gold is going to the bullish trend
It has buy position
Crunt price is. ......185.42
Resistance
1> Resistance .......'185.90
2> Resistance 188.45
3> Resistance .......192.35

Support level
1> Support ............182.65
2> Support ..'..........178.75
3> Support.............168.85
If you like then click THANKS

[viratash]

Technical Analysis of Gold is up trend

Pivot Points: 1283.47

Resistance Levels is :

1>Resistance is : 1288.62
2>Resistance is : 1291.32
3>Resistance is : 1294.65

Supporting Level is :

1>Support is : 1283.31
2>Support is : 1281.36
3>Support is : 1278.45

[Zeeshan420]

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.

[pti148]

Gold
Market trend:buy

Indicators bhi market ke up hony ka bata rahe hain

Resistance and Support points bhi hamain market ke up hony ka ishara de rahe hain isliye hamain buy main trade lagani chahiye