International Business Times

XAU/USD Forecast

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.

By Fan Yang | May 08, 2013 | FX Times

XAU/USD (GOLD) Technical Analysis

The pair XAU/USD (Gold) has validated on Friday a break-down of 1640, givng a new sell signal but the price has found support directly on 1630 points. A pullback on 1660 points has followed with strenght. The price has stumbled on this resistance this morning and is now falling.

Jan 07, 2013 | Forextribe

XAU/USD (GOLD) Technical Analysis

The pair XAU/USD (Gold) faked on Tuesday a downtrend channel output to go stumbling on the resistance at 1690 points in strength. Then, the price has plunged sharply yesterday, confirming the downward breaks of 1670/1660/1650 points.

Jan 04, 2013 | Forextribe

XAU/USD (GOLD) Technical Analysis

The pair XAU/USD (Gold) has validated this night an output of its bearish channel (orange lines on the chart). The return of the price above 1670 points gave us a first buy signal and the breakout of 1680 points this morning then offered a new buy signal.

Jan 03, 2013 | Forextribe

XAU/USD (GOLD) Technical Analysis

After the faked return above 1700 points, the pair XAU/USD (Gold) has launched a powerful bearish rally to validate the downward breaks of 1690 and then 1680 points (new sell signals). The price is now in a downtrend channel (orange lines on the graphs). By extension, the price hitted yesterday the ...

Dec 19, 2012 | Forextribe

XAU/USD (GOLD) Technical Analysis

The gold lost its volatility since yesterday. The price has faked a return into the neutral zone 1710/1720 points after the breakout of its bearish slant (brown line). We advise to wait new graphical plots.

Dec 11, 2012 | Forextribe

Forex - XAU/USD (Gold) Technical Analysis

The gold has validated yesterday the breakout of 1700 points, offering a new sell signal. The price continues to move below its medium term bullish slant (brown line). Currently, the gold is trying to find support on 1690 points (1685 in extension).

Dec 06, 2012 | Forextribe

Forex - XAU/USD (Gold) Technical Analysis

The gold felt strongly this night on the support at 1700 points and is currently trying to rebound with difficulties. The medium term bullish channel has now no extension (dotted purple lines) towards this level of support.

Dec 04, 2012 | Forextribe

Gold Takes Queue on Fed While Risk Trends Respond to ECB

Gold correlations with major currencies have been relatively mixed over the last twenty days of trading partly due to the lack of market participation as traders were away for the summer, and partly because the Fed's chief, Ben Bernanke, said the central bank is willing to provide monetary support as needed.

By Gary Kerdus | Sep 07, 2012 | DailyFX

Daily Trading Report for Gold by CharmerCharts

Gold has not been able to break 1697 and this has actually been the high. Now we are overbought, and the chart pattern evident is an upward waving flag....again a bearish patter...So we look today for the market to fall back and we should be able to reach 1686 without too much trouble..

Sep 04, 2012 | CharmerCharts

Forex - XAU/USD (Gold) Technical Analysis

The gold just found support on 1550 points and is currently trying to rebound on 1580 points as resistance. We think that the gold will continue its bearish rally above the upper band of its channel. The breakout of 1550 points will offer a new sell signal.

Jul 03, 2012 | Forextribe

Forex - XAU/USD (Gold) Technical Analysis

The gold just found support on 1550 points and is currently trying to rebound on 1580 points as resistance. We think that the gold will continue its bearish rally above the upper band of its channel. The breakout of 1550 points will offer a new sell signal.

Jul 02, 2012 | Forextribe

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