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GOLD: Bearish, Broader Bias Remains Lower.

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  #1  
Old 23-12-2013, 23:30
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Default GOLD: Bearish, Broader Bias Remains Lower.

GOLD: With GOLD’s recovery now in trouble following a lower close on Monday, a return to the 1,187.17 level is expected. Further down, support comes in at the 1,150.00 level with a violation of here shifting attention to the 1,100.00 level. A turn below here will push the commodity further lower towards the 1,100.00 level. Its daily RSI is bearish and pointing lower supporting this view. Conversely, resistance comes in at the 1,211.00 level with a violation targeting further upside towards the 1,250.00 level followed by the 1,300.00 level followed by the 1,350.00 level. All in all, GOLD remains biased to the downside medium term.

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Old 13-01-2014, 15:58
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Default Re: GOLD: Bearish, Broader Bias Remains Lower.

It seems that gold is going bullish....
What's happen with the gold??
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Old 22-02-2014, 13:54
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Default Re: GOLD: Bearish, Broader Bias Remains Lower.

On this month, gold increase significantly...
I hope gold move down.
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Old 13-08-2015, 09:00
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Default Re: GOLD Technical Analysis For 13th August 2015


Gold is trading with a bearish bias. It is expected that, gold will go back and text the level 1119.12, before going back down. Any movement below the level 1115.29 will signal further movements down to a first stop at 1107.20 and a second stop at 1093.96
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Old 20-08-2015, 14:07
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Default Technical analysis of Gold for August 20, 2015


Technical outlook and chart setups:

Gold has managed to push through $1,130.00/32.00 levels for now, as expected. Please note that it has reached the fibonacci 0.618 resistance levels, and a turn around can be expected here. Also, $1,130.00/32.00 levels is past support turned resistance now. It is hence expected to book profits on long positions taken earlier and watch out for a bearish reaction. Immediate support is seen at $1,110.00 levels, followed by $1,090.00, $1,080.00 and lower, while resistance is seen at $1,67.00 levels, followed by $1,175.00 and higher respectively.

Trading recommendations:

Book profits on long positions and remain flat.
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Old 08-09-2015, 09:04
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Default Gold: analysis for September 08, 2015


Overview:

Since our last analysis, gold has been trading sideways around $1,120.00. Low activity is observed in the market today. We are waiting for larger activity and higher volume. As we had expected, the price tested the level of $1,122.67. According to the daily time frame, we can observe a weak supply bar in an average volume. Strong support is found at the level of $1,117.50. If the price breaks this support level, we will get the second support around $1,085.00. According to the H1 time frame, we can observe a sign of strength on the background. Anyway,we got a potential stopping volume. The intraday trend is neutral.

Daily Fibonacci pivot points :

Resistance levels

R1: 1,122.00

R2: 1,123.45

R3: 1,124.00

Support levels:

S1: 1,119.00

S2: 1,118.70

S3: 1,117.00

Trading recommendations:

Neutral market. Wait for clear direction to confirm further direction. Strong support is seen near the level of $1,117.00.
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  #7  
Old 06-11-2015, 11:59
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Default Re: GOLD: Bearish, Broader Bias Remains Lower.

Gold technical analysis for November 6, 2015
Gold price has extended its decline towards the $1,100 support. I expect a bounce towards $1,130-40 where the bullish and bearish scenarios will be tested.

Blue lines - bearish scenario

Blue upward sloping line - trend line support (broken)

Red line - bullish scenario

Gold price is trading below the Ichimoku cloud. The stochastics are at oversold levels and turning upwards while price is making new lows. This is a bullish divergence. I expect Gold price to bounce towards $1,130. Minimum bounce expected towards $1,120 where we find the broken upward sloping trend line support. We might get a rejection at that level. Most probable scenario is to see a bounce towards the 38% Fibonacci retracement where we will see the real strength of bulls.
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Old 05-07-2016, 12:59
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Default GBPUSD Weakens, Retains Medium Term Bearish Bias

GBPUSD: The pair looks set to resume its broader medium term weakness following its sell-off during Tuesday trading session. On the downside, support lies at the 1.3050 level where a break will turn attention to the 1.3000 level. Further down, support lies at the 1.2950 level. Below here will set the stage for more weakness towards the 1.2900 level. Its daily RSI is bearish and pointing lower suggesting more weakness. Conversely, resistance stands at the 1.3250 levels with a turn above here allowing more strength to build up towards the 1.3300 level. Further out, resistance resides at the 1.3350 level followed by the 1.3400 level. On the whole, GBPUSD threatens further downside pressure medium term

[IMG]GBPUSD: The pair looks set to resume its broader medium term weakness following its sell-off during Tuesday trading session. On the downside, support lies at the 1.3050 level where a break will turn attention to the 1.3000 level. Further down, support lies at the 1.2950 level. Below here will set the stage for more weakness towards the 1.2900 level. Its daily RSI is bearish and pointing lower suggesting more weakness. Conversely, resistance stands at the 1.3250 levels with a turn above here allowing more strength to build up towards the 1.3300 level. Further out, resistance resides at the 1.3350 level followed by the 1.3400 level. On the whole, GBPUSD threatens further downside pressure medium term[/IMG]
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