From Gold Mar 14, 2014 04:31 pm
Gold has gained nearly 3 percent this week, marking its sixth straight weekly rise, as investors exited riskier assets such as equities.
From Gold Sep 26, 2013 08:47 pm
Gold futures eased slightly from their highest level in a week in line with overseas market, and on a firm rupee, while some banks re-started imports after a gap of two months.
From Gold Jul 08, 2013 10:16 pm
Gold continues to trade close to its lowest level for 3 years, although it is in recovery mode today, attempts to get above $1,260 have been futile in the last few sessions. While $1,200 appears to be decent support for now, there is a nagging fundamental concern that continues to keep me nervous about the outlook for gold: inflation expectations in the US.
From Gold Jun 26, 2013 10:38 pm
Breakout: Gold prices consolidated a bit above the 1269 handle, but positive US helped strengthen USD, and XAU/USD slid below this consolidation support during the 6/26 Asian session. Price has gotten to some consolidation breakout projection using the width of the consolidation range.
From Gold Jun 03, 2013 09:49 pm
Unless GOLD re-establishes its corrective recovery triggered from the 1,338/21 levels, there is risk of a return to that level in the new week. Below here if seen will aim at the 1,300.00 level and possibly lower towards the 1,270 level. On the upside, resistance comes in at the 1,444.00 level where a break will aim at the 1,488.00 level. Further out, resistance is seen at the 1,590.
From Gold May 29, 2013 01:51 am
Gold is lower in all major currencies except the yen which is under pressure today due to 'Abenomics' concerns and concerns of further yen debasement.
From Gold May 28, 2013 11:01 pm
1H Range: In the 1H gold chart, you can see a market settling in a range with resistance around 1400, and support around 1355. As we begin the 5/28 US session, gold is trading in the middle of this range, finding some support so far after a dip to 1377.30, a previous support pivot, and central pivot of the range.
From Gold May 14, 2013 10:59 pm
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 11:05 pm
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 10:24 pm
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.