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From Gold May 14, 2013 06:29 pm

GOLD: Pulls Back, Vulnerable

Unless the commodity returns above the 1,488.00 level, there is risk of further downside in the days ahead. On the downside, support comes in at the 1,403.66 level where a breach will target the 1,385.00 level. A violation will aim at the 1,350 level and then the 1,321.79 level. On the upside, GOLD will have to return above the 1,488.00 level to resume its recovery.

From Gold May 08, 2013 06:35 pm

Gold Bouncing off Short-term Range Support

Consolidation: The 1H gold chart shows a market that remains in consolidation since finding resistance around 1485. Trading at the end of the 5/7 session and the beginning of the 5/8 session supported gold where it showed support at the beginning of May - around 1440. A return to the middle has a near-term target of 1460-1465 for the start of the 5/8 session, near the 200-hour SMA.

From Gold May 06, 2013 05:54 pm

GOLD: Correction Under Threat

The commodity has run into the bears, halting it recovery and closing marginally lower the past week. A failure to resume that recovery in the new week could see GOLD return to the downside. Support lies at the 1,403.66 level where a violation will aim at the 1.385 level and then the 1,321.79 level.

From Gold Apr 26, 2013 07:08 pm

Gold and Silver Coming off Overbought Conditions during Downtrends

Correction during downtrend: Since I noted a break above a 1403 resistance pivot XAU/USD has been slowly rallying in the context of a correction against the downtrend in 2013 that started in October 2012. You can tell it is a downtrend because the 200-4H SMA is downsloping, and the other moving averages were in bearish alignment until the recent correction caused the lower period MAs to cross.

From Gold Apr 22, 2013 06:24 pm

GOLD: Continued Bear Pressure Seen

The commodity sold off further the past week testing a low of 1,321.17 level and opening the door for downside. This leaves GOLD targeting the 1,300.00 level where we may see a halt in declines but if broken, expect more weakness to occur towards the 1,250.00 level and then the 1,200.00 level. Its weekly RSI is bearish and pointing lower supporting this view.

From Gold Apr 15, 2013 06:45 pm

London Session: What is the gold price sell off telling us?

The bloodbath in commodity markets that started on Friday has accelerated at the start of a new week. The selloff has been aggressive, suggesting that this is not just a mere correction, but rather the start of a potential downtrend in commodities. For example, the gold price has fallen nearly $100 so far today.

From Gold Apr 08, 2013 06:21 pm

Gold Daily Analysis

Support resides at the 1,540 level where a violation will pave the way for a run at the 1,530.00 level. Further down, support comes in at the 1,500.00 level, its psycho level. We expect a price hesitation to occur here if tested but if broken we could see further weakness towards the 1,478.05 level. Its weekly RSI is bearish and pointing lower supporting this view.

From Gold Mar 28, 2013 05:37 pm

XAU/USD (GOLD) Technical Analysis

The pair XAU/USD (Gold) continues to evolve around 1600 points ... The price made a small bullish movement yesterday and has validated the breakout of the short term bearish slant (purple segment on 1h chart). The gold also continues to move around its medium term bullish slant (brown segment). This...

From Gold Mar 27, 2013 06:57 pm

XAU/USD (GOLD) Technical Analysis

The pair XAU/USD (Gold) continues to evolve around 1600 points. The price found support on Monday on the extension line of its medium term bearish channel (orange lines - see previous analyzis for a better understing of the origin of these draws). On this downward movement, the price has validated a...

From Gold Mar 22, 2013 05:31 pm

Spot Gold Forecast for 03/22 by Daytradeideas.com

Spot Gold made it to our 1609/11 target & is pushing on now for 1619/20 resistance. If we can continue higher we run in to 1625 which should cap the rally at this stage.

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