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FXTechstrategy 02-03-2014 22:43

Commodity Technical Outlook On GOLD
GOLD: Vulnerable To The Downside

GOLD: GOLD remains vulnerable to the downside having continued to maintain below the 1,345.28 level. We believe its present bear threat is temporary suggesting it will fade and return to mentioned level. However, it will have to retake the mentioned level to annul its present bear threats. Further out, resistance resides at the 1,400.00 level. Additionally, resistance stands at the 1,450.00 level, its psycho level and possibly higher towards the 1,480.00 level. Conversely, the risk to this analysis will be a return to the 1,300.00 level where bulls may come in. But if taken out, further decline is likely towards the 1,300.00 level. We expect that level to hold and turn the pair higher. However, if this fails to occur, expect more weakness to happen towards the 1,231.48 level. Further down, support comes in at the 1,218.35 level, representing its Jan 082014 low. All in all, GOLD remains biased to the upside in the medium term.


orni308 04-03-2014 16:51

Re: Commodity Technical Outlook On GOLD
Gold has trading high and still there are chances of getting it higher, might still be a good time to enter the markets....

ritika1124 11-06-2014 17:48

Re: Commodity Technical Outlook On GOLD
Gold prices stayed close to the previous two-week session trade subject on Wednesday, because investors remained outside amid a lack of fresh signs of trade.
The precious metal has come under heavy selling pressure lately because investors bet on robust economic growth in the U.S. for the second quarter, when the economy slowed the impact of climate-related over the winter shakes.

piplaser 14-09-2015 15:37

Gold technical analysis for September 14, 2015
Gold price remains in a short-term bearish trend and below resistance levels. The weekly chart remains bearish and there are a lot of chances of seeing the price push below $1,100 again as long as we remain below $1,115.
Black line - downward sloping trendline resistance

Blue area - horizontal resistance

Gold price is below the Ichimoku cloud resistance on the 4-hour chart and below the black trendline resistance. The breakdown below $1,115 last week has opened the way for a push below $1,100. I remain bearish in the short term as long as the price is below $1,125. The short-term resistance at $1,115.
The weekly chart remains bearish as the price closed well below the tenkan-sen and with a lower low last week. The price could bounce towards $1,120 where the tenkan-sen resistance is found, but I believe it is more probable to see a test of the recent lows at $1,080-90.

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