Gold Trading Recommendation (13/01/2014)

        

                
Support:       1241.00, 1236.50, 1234.10, 1224.70, 1215.00
Resistance: 1250.85, 1256.20, 1266.55, 1272.00, 1277.90

Gold Trading Recommendation (13/01/2014)Long above 1241.00, targets at 1256.20 and 1272.00 and 1293.15. Stop loss below 1215.00

Spot Gold Price - Live Update

Gold Trading Recommendation (08/01/2014)

Gold retreats after testing the 50-days SMA approaching the broken resistance at 1218.00-1220.00 level, which should limit further downside for the bullish correctional scenario to remain valid. We remain positive over intraday basis as long as price remains above 1220.00.

                             

Support:       1220.00, 1214.00, 1207.00, 1200.00, 1190.00
Resistance: 1227.00, 1232.00, 1240.00, 1248.00, 1252.00

Gold Trading Recommendation (08/01/2014) Long above 1220.00, targets at 1230.00 and 1245.0. Stop loss below 1212.00

Gold Trading Recommendation (07/01/2014)

Gold maintains the bullish bias after breaking above 1220.00 resistance level and neckline for a minor double bottom formation, to extend the upside towards the 50-days SMA where it found some resistance yesterday. The bullish bias may extend further probably for a retest of 1265.00 horizontal main resistance level. However, due to the resistance at the 50-days SMA we might see some intraday pullbacks before heading higher. Holding back below 1220.00 may result in resuming the bearish bias.

                          

Support:       1232.00, 1227.00, 1220.00, 1214.00, 1207.00
Resistance: 1248.00, 1252.00, 1258.000, 1265.00, 1270.00

Gold Trading Recommendation (07/01/2014) Long above 1232.00, targets at 1245.00 and 1260.00. Stop loss below 1219.0.

Gold Trading Recommendation (06/01/2014)

In line with our previous analysis, the metal has achieved noticeable upside actions after re-experiencing the pivotal support of 1180.00 as seen on the provided daily chart. However, being covered by SMA 50 and approaching the main short-term resistance line force us to stand aside until bulls prove the ability to resume the bullish recovery. A break back below 1220.00 will bring the bearish impetus back into focus.

                          

Support:      1220.00, 1209.00, 1195.00, 1180.00, 1160.00
Resistance: 1251.00, 1270.00, 1276.00, 1285.00, 1306.00

Gold Trading Recommendation (06/01/2014) :- Neutral

Gold Trading Recommendation (02/01/2014)

Gold is bounced strongly after testing 1180.00 major low on Tuesday, attempting to settle above 1220.00 resistance level, where stability above this resistance completes a bullish double bottom formation. The break above 1220.00 remains tentative, we would like to see a daily closing to confirm it, however, the bullish bias is favored today.

 Support:     1220.00, 1215.00, 1208.00, 1200.00, 1190.00
Resistance: 1230.00, 1243.00, 1250.00, 1258.00, 1268.00

Gold Trading Recommendation (02/01/2014) Long above 1218.00, targets at 1230.00 and 1250.00. Stop loss below 1205.00.