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Gold, XAU/USD

Monthly Chart:
Well it looks like bear flag formation monthly chart.... First support in it is around 1045 area... Next month candle opens in December....If fed hikes rate with 0.25 basis points..... in that case can drop upto 977$. Hence my sentiment is bearish on Gold/Dollar exchange price. Expecting it to reach 1000$ by 1st of January 2017.
Monthly Chart 2:
Previous Support major support in Gold was around 977$. I think technically price is heading there in the long term.....Hence expecting i…
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Gold

1 Hour Chart:
Well Gold is currently having a bat like or butterfly like indication towards upside. We can clearly see this formation between the current support and resistance areas. Current price is having support around 1227.63$ per troy ounce . We can also see that the resistance target is above the cloud around 1239.25$ per troy ounce in this h1 chart .
4 Hour Chart

Well in the h4 chart of Gold/Dollar exchange, we can see that earlier there was a Descending Triangle Pattern present aroun
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Well earlier on 29th October after Federal Fund rate we saw Gold break below 1200. And saw it oversold around a 1131.40 on 7th November during the London session.

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During U.S session, however U.S Non-farm employment change declined to 214k on 7th November Friday. Gold rose from 1145 Support area==greedy buyers entered...As the price became oversold around 1131.40. I think we might see some Resistance around 1180 on Monday  after Chinese economic data...Which means she can still swing back down :p....But if Gold can punch through that resistance of 1180, next area would be 1190....Psychological area==1200. Max overbought==1209 at the moment. Above 1210==Gold buyer happy time==1230 next future target :)

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Well it seems the OPEC has decided to be firm on production, so that means we could probably see Oil prices go down more, and that would also mean lower commodity prices :p....So, we might see Gold down around 1160-1170 by 1st of December now....

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Gold

Daily Chart:
Well in the daily chart we can see that the price of Gold is currently trading below 1325, and currently trading sideways to the down side at the moment. Currently Gold closed around 1304.48$ per ounce. The Momentum and ULTOSC indicators are both indicating a sideways trend of Gold exchange price. I expect Gold to trade lower around 1283$ per ounce by 1st of October 2014.
Weekly Chart:
Well in the Weekly Chart of Gold we can see that the price of Gold is currently trading inside th…
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Well i was expecting this pair to fall down. The main selling pressure was around 1258-1260, so once the price of GOLD went below 1260 it slowly slowly came down upto 1206. Where it became extremely oversold. Now i think we might see some slight demand from 1215-1230 again. As USD is trading near yearly highs at the moment so Gold and silver commodities are trading lower.

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Gold today was extremely oversold at 1205.30. Currently trading around 1210.90. Slightly recovered, but in next 30minutes we have ADP non farm employment change from U.S.A, after which the price of Gold will be highly effected :)

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GOLD

Gold going up as indices and U.S bonds begin to come down.
Check out the daily Chart:
Currently ranging toward 1285 where a weekly pivot is present. The next bar needs to close above 1306 for the bull trend to continue.
Weekly Chart:
In the monthly Chart the stops for the bulls will be around 1030.
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Mani avatar
Mani 1 Mar

good job

Alisitas avatar

I like

ivanbgd avatar
ivanbgd 1 Mar

good

agddivisas avatar

Good, I agree with this analysis!

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Thanks again for all the support, Gold however performed beyond my predication fo 1330-1343.80, Due to Ukraine tensions....Gold pushed to a new high today as well upto 1350, but current rate is around 1343.80, Overall this predication was also pretty good :)

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GOLD

Well I guess we're going to see gold come down to 1200 by January 2nd in my opinion....As the trend in the monthly charts indicate that it's heading down....
Check out these Pivot points:
Check out the Daily Chart:
Check out the Monthly Chart:
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well as the fed's have planned to cut 10billion funds from their 85billion bond for a month program, i think gold could be trading an exchange rate of around 1202$ per ounce by 2nd January 2014

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XAU/USD, GOLD

Well Gold is still bullish in the long run, so i think it will hit 1460$ per ounce by 1st November. If it can cross 1466.62 than i think next place would be 1500$ for Gold. So it's a long term investment but it's rewarding H4 Chart:Weekly Chart:
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