FXTechstrategy Team: Commodity Analysis

[dinhvanchua]

Re: GOLD: Weakens, Targets The 1,554 level.

GOLD-H4
As Ichimoku kinku hyo signal, Gold may drop down 1555.
Sell around 1577
Take profit : 1555
Stoploss : 1582
See more : http://www.trade2win.com/boards/trading-systems/167386-ichimoku-kinku-hyo.html#post2084770

 

[FXTechstrategy Team]

GOLD: Broader Bias Remains Lower.

GOLD: With the commodity remaining vulnerable to the downside, there is risk of further weakness. This leaves the pair targeting the 1,554 level where a violation will aim at the 1,530.00 level with a breach aiming 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. On the upside, resistance resides at the 1,600.00 level and then the 1,669 level where a break will aim at the 1,695 level. A violation of here will call for a run at the 1,730 level. All in all, GOLD remains vulnerable to the downside medium term.

 

[FXTechstrategy Team]

GOLD: Faces Downside Threats.

GOLD: Our GOLD broader view remains to the downside suggesting an eventual return to the 1,554 level. A violation will pave the way for a run at the 1,530.00 level. A breach will aim 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. On the upside, resistance resides at the 1,600.00 level and then the 1,669 level where a break will aim at the 1,695 level. A violation of here will call for a run at the 1,730 level. All in all, GOLD remains vulnerable to the downside medium term.

 

[sellit]

Re: GOLD: Faces Downside Threats.

My Gold levels for today.

Spot Gold held support at 1569/67 & held 1587/88 resistance. Below 1579 we could now test support at 1569/67 again today & a break below 1565 could signal a retest of February lows at 1555.

We will need to hold above 1579/80 for another test of 1587/88 resistance. This could hold the top of the market again today but if we start to push higher look for 1595 with 1605/09 the target above.

 

[Mr. Crabs]

Re: GOLD: Faces Downside Threats.

I think the price of gold will be suppressed until the next market panic, which could be several months or possibly even YEARS from now.

Although I think a more appropriate valuation for gold would be $2,500 it looks like big money is less interested in buying gold than the average market participant would presume.

And although liquidity concerns have been for the most part alleviated there still is an enormous amount of profits to be taken through cash positions in the market which could lead to gold continuing bearish until we've reached the top. And I don't expect we will reach the top until the S&P has broken well into new highs, above $1,600.

 

[FXTechstrategy Team]

GOLD: Corrective Recovery Loses Steam, Trades Below The 1,619 level

GOLD: The commodity faces a reversal risk of its recovery gains in the days ahead. Unless it follows through on its past week marginal gains and climbs above the 1,619 level, the risk of returning to the 1,530.00 level cannot be ruled out. A breach will target 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. Conversely, GOLD will have to break and hold above the 1,619 level to create scope for more upside. In such a case, the 1,669 level will be aimed at where a break will target the 1,695 level. A violation of here will call for a run at the 1,730 level. All in all, GOLD remains vulnerable despite recovery attempts.

 

[new_trader]

Re: GOLD: Corrective Recovery Loses Steam, Trades Below The 1,619 level

GOLD: The commodity faces a reversal risk of its recovery gains in the days ahead. Unless it follows through on its past week marginal gains and climbs above the 1,619 level, the risk of returning to the 1,530.00 level cannot be ruled out. A breach will target 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. Conversely, GOLD will have to break and hold above the 1,619 level to create scope for more upside. In such a case, the 1,669 level will be aimed at where a break will target the 1,695 level. A violation of here will call for a run at the 1,730 level. All in all, GOLD remains vulnerable despite recovery attempts.

What utterly brilliant analysis...basically what you are saying is that "Gold will either go up or down"

What are you doing with your money then? Buying gold or selling it?

My guess is you are doing nothing but posting pointless pretty pictures with squiggly lines

 

[Fuzzybid]

Re: GOLD: Faces Downside Threats.

alsong as the pikers buy whe aint gonna go up until they start shorting whe can turn back up again

 

[FXTechstrategy Team]

CRUDE OIL: Rallies, Pressure Builds On The 98.22 Level.

CRUDE OIL: Having maintained its upside offensive, further gain is likely towards the 98.22 level. A breach will resume its medium term uptrend with resistance standing at the 99.00 level with a loss of there turning attention to the 99.50 level. On the downside, below 89.00 level must be traded to reverse its present upside bias. This if seen will aim at the 88.87 level where its rising trendline is located. A breather may occur here and turn it higher but if broken further downside could follow towards the 87.00 level. All in all, Crude Oil remains biased to the upside on more offensive.

 

[FXTechstrategy Team]

GOLD: Remains Weak, Targets Further Downside.

GOLD: Outlook On GOLD remains lower as long as it continues to hold below its declining trendline (red). 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. Conversely, GOLD will have to return above the 1,619 level to create scope for more upside. In such a case, the 1,669 level will be aimed at where a break will target the 1,695 level. A violation of here will call for a run at the 1,730 level. All in all, GOLD remains vulnerable to the downside.

 

[FXTechstrategy Team]

GOLD: Weak, Vulnerable To The Downside.

GOLD: GOLD remains lower as it continues to look weak and vulnerable to the downside. This development leaves the commodity targeting further downside towards 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 decline towards the 1,478.05 level. Its daily RSI is bearish and pointing lower supporting this view. Conversely, GOLD will have to return above the 1,619 level to halt its current bear threats and create scope for more upside. In such a case, the 1,669 level will be aimed at where a break will target the 1,695 level. A violation of here will call for a run at the 1,730 level. All in all, GOLD remains vulnerable to the downside.

 

[FXTechstrategy Team]

GOLD: Sells Off, Vulnerable.

GOLD: With a strong sell off occurring the past week, further declines is likely to continue. This will leave the pair targeting further downside towards the 1,439.42 level, its weekly ema. We may see a back off higher from here but if broken further downside could follow towards the 1,400 level and then the 1,380.00 level. Its weekly RSI is bearish and pointing lower suggesting further downside. Conversely, GOLD will have to return above the 1,590.40 level to reverse its decline and create scope for more upside. Further out, resistance resides at the 1,619 level followed by the 1,669 level where a break will target the 1,695 level. All in all, GOLD remains vulnerable to the downside on further downside in the medium term.

 

[expertsview]

Re: GOLD: Sells Off, Vulnerable.

Good Thanks for share..

 

[FXTechstrategy Team]

GOLD: Correction Under Threat.

GOLD: 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. Conversely, GOLD will have to return above the 1,495.00 level to halt its broader bear threats to resume its recovery strength. In such a case, the 1,590.40 level will be targeted. Further out, resistance comes in at the 1,619 level. All in all, GOLD remains on corrective recovery mode though backing off higher prices.

 

[FXTechstrategy Team]

GOLD: Halts Weakness But Still Vulnerable Medium Term

GOLD: The commodity turned off its intra-day low at 1,338 level to close higher on Monday but continues to maintain its broader downside bias. This suggests on ending the mentioned recovery it should retarget the 1,338/21 levels. Below here if seen will aim at the 1,300.00 level and possibly lower. On the upside, GOLD will have to return above the 1,488.00 level to end its broader downside and then resume its recovery. Further out, resistance is seen at the 1,590.40 level followed by the 1,619 level. Its daily RSI is bullish and pointing higher supporting this view. All in all, GOLD remains vulnerable to the downside in the medium term.

 

[FXTechstrategy Team]

GOLD: Recovering But Still Vulnerable Medium Term.

GOLD: Our broader outlook on GOLD continues to point lower despite its recovery attempts the past week. We are looking for price failure to occur and turn it back down towards the 1,338/21 levels. Below here if seen will aim at the 1,300.00 level and possibly lower towards the 1,270 level. On the upside, GOLD will have to return above the 1,488.00 level to end its broader downside and then resume its recovery. Further out, resistance is seen at the 1,590.40 level followed by the 1,619 level. Its daily RSI is bullish and pointing higher supporting this view. All in all, GOLD remains vulnerable to the downside in the medium term despite recovery attempts.

 

[FXTechstrategy Team]

GOLD: Bearish, Pressure Builds On The 1,321.71 Level.

GOLD: With GOLD remaining weak and vulnerable, it now looks to recapture the 1,321.71 level. A turn below here will pave the way for a run at the 1,300.00 level where a breach will set the stage for a run at the 1,270.00 level. Its weekly RSI is bearish and pointing lower supporting this view. On the upside, resistance comes in at the 1,400.00 level, its psycho level. Above here will aim at the 1,444.00 level followed by the 1,488.00 level. Further out, resistance is seen at the 1,500.40 level. All in all, GOLD remains vulnerable to the downside in the medium term.

 

[FXTechstrategy Team]

GOLD: Broader Bias Continues To Point Lower.

GOLD: With its downside pressure remaining intact, further decline is envisaged in the new week. Support comes in at the 1,180.22 level. A violation of here will turn attention to the 1,150 level. Further down, support lies at the 1,100 level. Its weekly RSI is bearish and pointing lower supporting this view. On the upside, GOLD will have to return above the 1,269.00 level and then the 1,321/38 levels to reduce its present downside pressure. Further out, resistance is seen at the 1,370.00 level and then the 1,400.00 level, its psycho level. A cap may occur here and turn it lower. All in all, GOLD remains vulnerable to the downside in the medium term.

 

[FXTechstrategy Team]

GOLD: Continues To Maintain Its Corrective Tone.

GOLD: The commodity is now facing price hesitation following its past week rally. It will have to hold firmly above the 1,267.00 level to keep its recovery off the 1,180.22 level intact. Further out, resistance resides at the 1,321/38 levels with a cut through here targeting further upside towards the 1,400.00 level, its psycho level. A cap may occur here and turn it lower. On the downside, the risk to this analysis will be a return to the 1,267.00 level. Below here will aim at the 1,180.22 level with a violation of here aiming at the 1,150 level. Further down, support lies at the 1,100 level. All in all, GOLD remains on a corrective recovery.

 

[NVP]

Re: GOLD: Broader Bias Continues To Point Lower.

fantastic .....always wanted a turbocharger