Jessi_trader
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Gold is not going up. it will go down at least next couple of months.... border line would be near 1100.
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FXTechstrategy Team: Commodity Analysis
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Gold is not going up. it will go down at least next couple of months.... border line would be near 1100.
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GOLD: Bear Threat Remains Intact But With Caution
GOLD: Outlook for GOLD continues to point lower closing lower for a second week in a row the past week. Having broken the 1,300.00 level, the risk is for more decline to occur towards the 1,280.00 level followed by the 1,250.00 level. Further down, support comes in at the 1,200.00 level. Its weekly RSI bearish and pointing lower supporting this view. On the upside, immediate resistance resides at the 1,300.00 level where a violation if seen will aim at the 1,317 level. A breach will aim at the 1,342.30 level followed by the 1,367.40 level. Further out, resistance resides at the 1,388.95 level, its Mat 17 2014 high followed by the 1,400.00 level, its psycho level. All in all, GOLD remains biased to the downside in the medium term but faces recovery risks
GOLD: Outlook for GOLD continues to point lower closing lower for a second week in a row the past week. Having broken the 1,300.00 level, the risk is for more decline to occur towards the 1,280.00 level followed by the 1,250.00 level. Further down, support comes in at the 1,200.00 level. Its weekly RSI bearish and pointing lower supporting this view. On the upside, immediate resistance resides at the 1,300.00 level where a violation if seen will aim at the 1,317 level. A breach will aim at the 1,342.30 level followed by the 1,367.40 level. Further out, resistance resides at the 1,388.95 level, its Mat 17 2014 high followed by the 1,400.00 level, its psycho level. All in all, GOLD remains biased to the downside in the medium term but faces recovery risks
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Commodity Technical Outlook On GOLD
GOLD: With GOLD closing higher to halt its two week correction, it now looks to extend that gain. Resistance resides at the 1,334.65 level where a violation will aim at the 1,359.00 level. Further out, resistance comes in at the 1,380.00 level where a break will aim at the 1,400.00 level followed by the 1,450.00 level. On the other hand, a failure of its recovery will mean a return to the 1277.58 level. Below here if seen will aim at the 1,250.00 level followed by the 1,230.00 level. Further down, support comes in at the 1,200.00 level. All in all, GOLD remains biased to the downside in the medium term though recovering higher
GOLD: With GOLD closing higher to halt its two week correction, it now looks to extend that gain. Resistance resides at the 1,334.65 level where a violation will aim at the 1,359.00 level. Further out, resistance comes in at the 1,380.00 level where a break will aim at the 1,400.00 level followed by the 1,450.00 level. On the other hand, a failure of its recovery will mean a return to the 1277.58 level. Below here if seen will aim at the 1,250.00 level followed by the 1,230.00 level. Further down, support comes in at the 1,200.00 level. All in all, GOLD remains biased to the downside in the medium term though recovering higher
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Commodity Technical Outlook On Crude Oil
CRUDE OIL: Vulnerable To The Downside On Correction
CRUDE OIL: With the commodity closing lower the past week, further downside pressure is envisaged. Despite its present price hesitation our immediate outlook on Crude Oil remains lower. On further weakness, support comes in at the 102.94 level where a breach will aim at the 102.04 level. A cut through here will target the 100.68 level with a push below here if seen exposing the 99.93 level. Further down, supports are seen at the 99.81 level and the 98.86 level where a breach will set the stage for a move towards the 98.00 level. Conversely, resistance comes in at the 104.98 level. A breach of here will pave the way for a run at the 105.21 level, its Feb 2014 high. Further out, resistance resides at the 106.00 level and then the 107.00 level. All in all, Crude Oil remains biased to the upside short term but faces corrective weakness risks
CRUDE OIL: Vulnerable To The Downside On Correction
CRUDE OIL: With the commodity closing lower the past week, further downside pressure is envisaged. Despite its present price hesitation our immediate outlook on Crude Oil remains lower. On further weakness, support comes in at the 102.94 level where a breach will aim at the 102.04 level. A cut through here will target the 100.68 level with a push below here if seen exposing the 99.93 level. Further down, supports are seen at the 99.81 level and the 98.86 level where a breach will set the stage for a move towards the 98.00 level. Conversely, resistance comes in at the 104.98 level. A breach of here will pave the way for a run at the 105.21 level, its Feb 2014 high. Further out, resistance resides at the 106.00 level and then the 107.00 level. All in all, Crude Oil remains biased to the upside short term but faces corrective weakness risks
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Commodity Technical Outlook On GOLD
GOLD: Although biased to the downside, its ability to hold above the 1,277.58 level is suggestive of an impending recovery. Support lies at the 1,277.58 level. A turn below here will shift focus to the 1,250.00 level followed by the 1,230.00 level. Its weekly RSI is bearish and pointing lower supporting this view. On the upside, resistance is seen at the 1,318.30 level where a violation will target the 1,331 level. Above here if seen will trigger further gains towards the 1,359.00 level followed by the 1,380.00 level. Further out, resistance comes in at the 1,400.00 level where a break will aim at the 1,420.00 level. All in all, GOLD remains biased to the downside in the short term.
GOLD: Although biased to the downside, its ability to hold above the 1,277.58 level is suggestive of an impending recovery. Support lies at the 1,277.58 level. A turn below here will shift focus to the 1,250.00 level followed by the 1,230.00 level. Its weekly RSI is bearish and pointing lower supporting this view. On the upside, resistance is seen at the 1,318.30 level where a violation will target the 1,331 level. Above here if seen will trigger further gains towards the 1,359.00 level followed by the 1,380.00 level. Further out, resistance comes in at the 1,400.00 level where a break will aim at the 1,420.00 level. All in all, GOLD remains biased to the downside in the short term.
servicehyun
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Great I have training Gold but I"m not lucky enough to make gain with my account
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Commodity Technical Outlook On Crude Oil
CRUDE OIL: Reverses Gains, Faces Downside Pressure Risk
CRUDE OIL: With Crude Oil reversing its intra day gains to close lower during Wednesday trading session, it faces the risk of further downside pressure. Immediate support lies at the 102.00 level where a break will set the stage for more weakness towards the 101.50 level. Below here will expose the 101.00 level. Further down, support comes in at the 100.50 level where a break will expose its big psycho level at the 100.00 level. On the upside, resistance resides at the 103.67 level with a cut through here turning attention to the 104.49 level. A break will pave the way for a run at the 104.98 level. If this level is broken, expect more gains should occur towards the 105.27 level. All in all, Crude Oil remains biased to the downside in the short term
CRUDE OIL: Reverses Gains, Faces Downside Pressure Risk
CRUDE OIL: With Crude Oil reversing its intra day gains to close lower during Wednesday trading session, it faces the risk of further downside pressure. Immediate support lies at the 102.00 level where a break will set the stage for more weakness towards the 101.50 level. Below here will expose the 101.00 level. Further down, support comes in at the 100.50 level where a break will expose its big psycho level at the 100.00 level. On the upside, resistance resides at the 103.67 level with a cut through here turning attention to the 104.49 level. A break will pave the way for a run at the 104.98 level. If this level is broken, expect more gains should occur towards the 105.27 level. All in all, Crude Oil remains biased to the downside in the short term
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Commodity Technical Outlook On GOLD
GOLD: Faces Further Downside Pressure.
GOLD: With GOLD continuing its downside weakness the past week, it now faces further downside pressure in the new week. Support lies at the 1,257.68 level with a break targeting the 1,240.00 level. Below here will expose the 1,220 level and then the 1,200.00. Its daily RSI is bearish and pointing lower supporting this view. On the upside, resistance resides at the 1,300.00 level where a break will target the 1,330.00 level followed by the 1,345.90 level. A cut through here will extend gains towards the 1,360.30 level. A violation will aim at the 1,380.00 level. All in all, GOLD remains biased to the upside in the nearer term.
GOLD: Faces Further Downside Pressure.
GOLD: With GOLD continuing its downside weakness the past week, it now faces further downside pressure in the new week. Support lies at the 1,257.68 level with a break targeting the 1,240.00 level. Below here will expose the 1,220 level and then the 1,200.00. Its daily RSI is bearish and pointing lower supporting this view. On the upside, resistance resides at the 1,300.00 level where a break will target the 1,330.00 level followed by the 1,345.90 level. A cut through here will extend gains towards the 1,360.30 level. A violation will aim at the 1,380.00 level. All in all, GOLD remains biased to the upside in the nearer term.
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Commodity Technical Outlook On GOLD
GOLD: Declines On Price Sell Off
GOLD: With GOLD selling off sharply during Thursday trading session, further downside pressure is expected in the days ahead. On the downside, support comes in at the 1,250.00 level where a break will aim at the 1,230.00 level. Below here if seen could trigger further downside towards the 1,200.00 level where a break will aim at the 1,180.00 level. Its daily RSI is bearish and pointing lower supporting this view. Conversely, resistance resides at the 1,272.00 level where a break will aim at the 1,300.00 level. A break of here will turn attention to the 1,330.00 level followed by the 1,350.00 level. A cut through here will extend gains towards the 1,380.00 level. All in all, GOLD remains biased to the upside on correction.
GOLD: Declines On Price Sell Off
GOLD: With GOLD selling off sharply during Thursday trading session, further downside pressure is expected in the days ahead. On the downside, support comes in at the 1,250.00 level where a break will aim at the 1,230.00 level. Below here if seen could trigger further downside towards the 1,200.00 level where a break will aim at the 1,180.00 level. Its daily RSI is bearish and pointing lower supporting this view. Conversely, resistance resides at the 1,272.00 level where a break will aim at the 1,300.00 level. A break of here will turn attention to the 1,330.00 level followed by the 1,350.00 level. A cut through here will extend gains towards the 1,380.00 level. All in all, GOLD remains biased to the upside on correction.
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Commodity Technical Outlook On Crude Oil
CRUDE OIL: Bearish, Looks To Weaken Further
CRUDE OIL: Having turned lower on Wednesday following its Tuesday price failure, further downside is likely. On the upside, resistance resides at the 52.00 level where a break will expose the 53.00 level followed by the 54.00 level where a break will aim at the 55.00 level and then the 56.00 level. Conversely, support lies at the 50.00 level where a break will expose the 49.00 level. A break will aim at the 48.00 level and then the 47.00 level. A turn below here will open the door for a run at the 46.00 level. All in all, Crude Oil remains broadly biased to the downside medium term.
CRUDE OIL: Bearish, Looks To Weaken Further
CRUDE OIL: Having turned lower on Wednesday following its Tuesday price failure, further downside is likely. On the upside, resistance resides at the 52.00 level where a break will expose the 53.00 level followed by the 54.00 level where a break will aim at the 55.00 level and then the 56.00 level. Conversely, support lies at the 50.00 level where a break will expose the 49.00 level. A break will aim at the 48.00 level and then the 47.00 level. A turn below here will open the door for a run at the 46.00 level. All in all, Crude Oil remains broadly biased to the downside medium term.
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Commodity Technical Outlook On Crude Oil
CRUDE OIL: Vulnerable, Weakens Further
CRUDE OIL: With price extension seen on Wednesday, further downside pressure is likely. On the downside, support lies at the 48.00 level where a break will expose the 47.00 level. A break will aim at the 46.00 level and then the 45.00 level. A turn below here will open the door for a run at the 44.00 level. On the upside, resistance resides at the 50.00 level where a break will expose the 51.00 level followed by the 52.00 level where a break will aim at the 53.00 level and then the 54.00 level. All in all, Crude Oil remains broadly biased to the downside medium term.
CRUDE OIL: Vulnerable, Weakens Further
CRUDE OIL: With price extension seen on Wednesday, further downside pressure is likely. On the downside, support lies at the 48.00 level where a break will expose the 47.00 level. A break will aim at the 46.00 level and then the 45.00 level. A turn below here will open the door for a run at the 44.00 level. On the upside, resistance resides at the 50.00 level where a break will expose the 51.00 level followed by the 52.00 level where a break will aim at the 53.00 level and then the 54.00 level. All in all, Crude Oil remains broadly biased to the downside medium term.
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Commodity Technical Outlook On GOLD
GOLD: Biased To The Upside On Corrective Recovery
GOLD: With GOLD halting its weakness and triggering a recovery the past week, further strength is expected. On the downside, support comes in at the 1,175.25 level where a break will aim at the 1,160.00 level. Below here if seen could trigger further downside towards the 1,140.00 level where a break will aim at the 1,120.00 level. Conversely, on the upside, resistance resides at the 1,190.00 level where a break will aim at the 1,200.00 level, its key psycho level. A violation of here will turn attention to the 1,214.75 level followed by the 1,150.00 level. All in all, GOLD remains biased to the downside medium term but faces corrective recovery risk
GOLD: Biased To The Upside On Corrective Recovery
GOLD: With GOLD halting its weakness and triggering a recovery the past week, further strength is expected. On the downside, support comes in at the 1,175.25 level where a break will aim at the 1,160.00 level. Below here if seen could trigger further downside towards the 1,140.00 level where a break will aim at the 1,120.00 level. Conversely, on the upside, resistance resides at the 1,190.00 level where a break will aim at the 1,200.00 level, its key psycho level. A violation of here will turn attention to the 1,214.75 level followed by the 1,150.00 level. All in all, GOLD remains biased to the downside medium term but faces corrective recovery risk
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Commodity Technical Outlook On GOLD
GOLD Remains Weak And Vulnerable
GOLD: With GOLD declining the past week, it faces further downside pressure in the new weak. However, it will have to overcome the 1,178.39 level convince the market of further weakness. Support comes in at the 1,170.00 level where a break will aim at the 1,150.00 level. A cut through here will open the door for move lower towards the 1,130.00 level. Below here if seen could trigger further downside pressure towards the 1,100.00 level and then the 1,080.00 level. On the upside, resistance resides at the 1,190.00 level where a break will aim at the 1,200.000 followed by the 1,215.00 level. A violation of here will turn attention to the 1,225.00 level followed by the 1,150.00 level. All in all, GOLD remains biased to the downside medium term but faces corrective recovery threats at the 1,178.39 level.
GOLD Remains Weak And Vulnerable
GOLD: With GOLD declining the past week, it faces further downside pressure in the new weak. However, it will have to overcome the 1,178.39 level convince the market of further weakness. Support comes in at the 1,170.00 level where a break will aim at the 1,150.00 level. A cut through here will open the door for move lower towards the 1,130.00 level. Below here if seen could trigger further downside pressure towards the 1,100.00 level and then the 1,080.00 level. On the upside, resistance resides at the 1,190.00 level where a break will aim at the 1,200.000 followed by the 1,215.00 level. A violation of here will turn attention to the 1,225.00 level followed by the 1,150.00 level. All in all, GOLD remains biased to the downside medium term but faces corrective recovery threats at the 1,178.39 level.
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Commodity Technical Outlook On GOLD
GOLD: Bullish, Pressures Further Upside.
GOLD: With GOLD continuing to hold on to its upside offensive, it looks to strengthen further in the new week. However, it now trades within its resistance levels. Support comes in at the 1,210.00 level where a break will aim at the 1,200.00 level. A cut through here will open the door for move lower towards the 1,180.00 level. Below here if seen could trigger further downside pressure towards the 1,150.00 level and then the 1,130.00 level. Conversely, resistance resides at the 1,235.00 level where a break will aim at the 1,250.00 followed by the 1,270.00 level. A violation of here will turn attention to the 1,290.00 level followed by the 1,300.00 level. All in all, GOLD remains biased to the upside on recovery
GOLD: Bullish, Pressures Further Upside.
GOLD: With GOLD continuing to hold on to its upside offensive, it looks to strengthen further in the new week. However, it now trades within its resistance levels. Support comes in at the 1,210.00 level where a break will aim at the 1,200.00 level. A cut through here will open the door for move lower towards the 1,180.00 level. Below here if seen could trigger further downside pressure towards the 1,150.00 level and then the 1,130.00 level. Conversely, resistance resides at the 1,235.00 level where a break will aim at the 1,250.00 followed by the 1,270.00 level. A violation of here will turn attention to the 1,290.00 level followed by the 1,300.00 level. All in all, GOLD remains biased to the upside on recovery
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Commodity Technical Outlook On GOLD
GOLD: Faces Downside Pressure With Warning
GOLD: Having maintained a third week of declines the past week, GOLD now faces the risk of more weakness in the new week. However, a halt in decline may occur at its key support. Support comes in at the 1,162.00 level where a break will aim at the 1,140.00 level. A cut through here will open the door for move lower towards the 1,120.00 level. Below here if seen could trigger further downside pressure towards the 1,100.00 level. Its weekly RSI is bearish and pointing higher supporting this view. Conversely, resistance resides at the 1,180.00 level where a break will aim at the 1,200.00 followed by the 1,210.00 level. A violation of here will turn attention to the 1,224.00 level followed by the 1,250.00 level. All in all, GOLD continues to face corrective weakness threats.
GOLD: Faces Downside Pressure With Warning
GOLD: Having maintained a third week of declines the past week, GOLD now faces the risk of more weakness in the new week. However, a halt in decline may occur at its key support. Support comes in at the 1,162.00 level where a break will aim at the 1,140.00 level. A cut through here will open the door for move lower towards the 1,120.00 level. Below here if seen could trigger further downside pressure towards the 1,100.00 level. Its weekly RSI is bearish and pointing higher supporting this view. Conversely, resistance resides at the 1,180.00 level where a break will aim at the 1,200.00 followed by the 1,210.00 level. A violation of here will turn attention to the 1,224.00 level followed by the 1,250.00 level. All in all, GOLD continues to face corrective weakness threats.
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Commodity Technical Strategist On CRUDE OIL
CRUDE OIL: Triggers Correction, Eyes More Strengthen
CRUDE OIL: With the commodity closing higher on further correction on Wednesday, it faces further upside pressure. On the downside, support lies at the 48.00 level where a break will expose the 47.00 level. A break will aim at the 46.00 level and then the 45.00 level. Below here will open the door for a run at the 44.00 level. On the upside, resistance resides at the 50.00 level where a break will expose the 51.00 level followed by the 52.00 level. A cut through here will aim at the 53.00 level. All in all, Crude Oil remains biased to the downside medium term.
CRUDE OIL: Triggers Correction, Eyes More Strengthen
CRUDE OIL: With the commodity closing higher on further correction on Wednesday, it faces further upside pressure. On the downside, support lies at the 48.00 level where a break will expose the 47.00 level. A break will aim at the 46.00 level and then the 45.00 level. Below here will open the door for a run at the 44.00 level. On the upside, resistance resides at the 50.00 level where a break will expose the 51.00 level followed by the 52.00 level. A cut through here will aim at the 53.00 level. All in all, Crude Oil remains biased to the downside medium term.
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Commodity Technical Outlook On GOLD
GOLD: Corrective Risk Developing
GOLD: With a marginal lower close seen the past following its price rejection, a move higher could be developing. Support comes in at the 1,080.00 level where a break will aim at the 1,069.00 level. A cut through here will open the door for move lower towards the 1,040.00 level. Below here if seen could trigger further downside pressure towards the 1,000.00 level. On the upside, resistance resides at the 1,210.08 level where a break will aim at the 1,225.000 followed by the 1,250.00 level. A violation of here will turn attention to the 1,270.00 level followed by the 1,180.00 level.. All in all, GOLD remains biased to the downside medium term but faces corrective recovery threats.
GOLD: Corrective Risk Developing
GOLD: With a marginal lower close seen the past following its price rejection, a move higher could be developing. Support comes in at the 1,080.00 level where a break will aim at the 1,069.00 level. A cut through here will open the door for move lower towards the 1,040.00 level. Below here if seen could trigger further downside pressure towards the 1,000.00 level. On the upside, resistance resides at the 1,210.08 level where a break will aim at the 1,225.000 followed by the 1,250.00 level. A violation of here will turn attention to the 1,270.00 level followed by the 1,180.00 level.. All in all, GOLD remains biased to the downside medium term but faces corrective recovery threats.
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Commodity Technical Outlook On CRUDE OIL
CRUDE OIL: Extends Weakness, Eyes Further Downside Pressure
CRUDE OIL: With outlook for the commodity continuing to point lower, further weakness remains on the cards. This development leaves Crude Oil targeting support located at the 45.00 level where a break will expose the 44.00 level. A break below here will aim at the 43.00 level and then the 42.00 level. Below here will open the door for a run at the 41.00 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, on the upside, resistance resides at the 46.00 level where a break will expose the 47.00 level followed by the 48.00 level. A cut through here will aim at the 49.00 level. All in all, Crude Oil remains biased to the downside medium term.
CRUDE OIL: Extends Weakness, Eyes Further Downside Pressure
CRUDE OIL: With outlook for the commodity continuing to point lower, further weakness remains on the cards. This development leaves Crude Oil targeting support located at the 45.00 level where a break will expose the 44.00 level. A break below here will aim at the 43.00 level and then the 42.00 level. Below here will open the door for a run at the 41.00 level. Its daily RSI is bearish and pointing lower suggesting further weakness. Conversely, on the upside, resistance resides at the 46.00 level where a break will expose the 47.00 level followed by the 48.00 level. A cut through here will aim at the 49.00 level. All in all, Crude Oil remains biased to the downside medium term.
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CRUDE OIL: Looks To Recover Higher On Rejection Candle Print.
CRUDE OIL: Though maintaining its broader weakness, Crude Oil may see a recovery higher on correction in the days ahead. Resistance is located at the 46.00 level where a break will expose the 47.00 level. A break below here will aim at the 48.00 level and then the 49.00 level. Above here will open the door for a run at the 50.00 level. Conversely, on the downside, support resides at the 44.00 level where a break will expose the 43.00 level followed by the 42.00 level. A cut through here will aim at the 41.00 level. All in all, Crude Oil remains biased to the downside medium term.
CRUDE OIL: Though maintaining its broader weakness, Crude Oil may see a recovery higher on correction in the days ahead. Resistance is located at the 46.00 level where a break will expose the 47.00 level. A break below here will aim at the 48.00 level and then the 49.00 level. Above here will open the door for a run at the 50.00 level. Conversely, on the downside, support resides at the 44.00 level where a break will expose the 43.00 level followed by the 42.00 level. A cut through here will aim at the 41.00 level. All in all, Crude Oil remains biased to the downside medium term.
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GOLD: Bounces Off Lower Prices, Trades Above Key Support
GOLD: Our outlook remains higher as long as GOLD holds above its key supports at the 1,077/1,069 zone, it faces further recovery threats. Support comes in at the 1,080.00 level where a break will aim at the 1,069.00 level. A cut through here will open the door for move lower towards the 1,040.00 level. Below here if seen could trigger further downside pressure towards the 1,000.00 level. On the upside, resistance resides at the 1,210.08 level where a break will aim at the 1,225.000 followed by the 1,250.00 level. A violation of here will turn attention to the 1,270.00 level followed by the 1,180.00 level.. All in all, GOLD remains biased to the downside medium term but faces corrective recovery threats.
GOLD: Our outlook remains higher as long as GOLD holds above its key supports at the 1,077/1,069 zone, it faces further recovery threats. Support comes in at the 1,080.00 level where a break will aim at the 1,069.00 level. A cut through here will open the door for move lower towards the 1,040.00 level. Below here if seen could trigger further downside pressure towards the 1,000.00 level. On the upside, resistance resides at the 1,210.08 level where a break will aim at the 1,225.000 followed by the 1,250.00 level. A violation of here will turn attention to the 1,270.00 level followed by the 1,180.00 level.. All in all, GOLD remains biased to the downside medium term but faces corrective recovery threats.