Forex Forums |

Go Back   Forex Lasers Forum > FOREX TRADING > Forex Analysis

Commodity Technical Outlook On GOLD

Forex Analysis

LinkBack Thread Tools Search this Thread
Old 02-03-2014, 22:43
FXTechstrategy's Avatar
Level III Lasers Member
Join Date: Aug 2012
Posts: 54
Default 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.

Reply With Quote
Old 04-03-2014, 16:51
Level IV Lasers Member
Join Date: May 2013
Posts: 200
Default 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....
Reply With Quote
Old 11-06-2014, 17:48
ritika1124's Avatar
Level 1 Lasers Member
Join Date: Jun 2014
Posts: 4
Default 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.
Reply With Quote
Old 14-09-2015, 15:37
Level IV Lasers Member
Join Date: Aug 2015
Posts: 423
Default 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.
Reply With Quote

Thread Tools Search this Thread
Search this Thread:

Advanced Search

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are Off
[IMG] code is On
HTML code is On
Trackbacks are On
Pingbacks are On
Refbacks are On

Similar Threads
Thread Thread Starter Forum Replies Last Post
Market outlook from Tradingforex jimmysergill Forex Analysis 36 09-10-2015 11:08
ACFX Daily Market Outlook JIMMY Forex Analysis 20 13-03-2012 09:05
30 Day Technical Outlook(ACFX.COM) JIMMY Forex Analysis 0 05-03-2012 12:13
AUD/USD Daily Market Outlook by AceTrader acetraderfx Forex Discussion 8 26-12-2011 07:53
Firewall and database security: An unavoidable aspect in online commodity trade DonStuckwisch Forex Discussion 0 03-07-2010 06:04

All times are GMT. The time now is 17:53.

Powered by vBulletin® Version 3.8.10
Copyright ©2000 - 2021, vBulletin Solutions, Inc.