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.

Gold Trading Recommendation (30/12/2013)

Gold retested 1220.00 broken support-turned-resistance level, where price was rejected at that resistance, attempting to resume the overall bearish bias. An that hints the correction may halt at this resistance and we may see another attempt lower this week. Holding below 1220.00 should keep the bearish bias intact, while a break above 1220.00 shall extend the upside correction towards 1250.00 areas.

Support:     1200.00, 1190.00, 1180.00, 1165.00, 1150.00
Resistance: 1210.00, 1220.00, 1230.00, 1243.00, 1250.00

Gold Trading Recommendation (30/12/2013) Short below 1215.00, targets at 1200.00 and 1185.00. Stop loss above 1227.00