Gold price analysis

[verial]

I just ran a gold analysis in the special edition of my newsletter - is about to become bullish!

 

[goldhj]

gold jinyu Nov. 10th precious metal (gold) price trend analysis


International gold price surged from the bottom last trading day. After stabilized at about 1130, gold surged to above 1170 due to the non-farm payroll. In today’s Asia trading time, gold keeps strong, and currently closed about 1175.

October non-farm payroll is 214 thousand, which is not as good as expected, this amount indicates that job market is slowing down is pace of improvement. USDX dropt from a high point, gold, on the other hand, gained a big surge. Currently gold daily chart gold price after days of oversell is ready to raise. MACD green bar is shorten and that favors gold’s rebound, trading long would be a good choice.

 

[goldhj]

gold jinyu Nov. 11th precious metal/commodity (gold) price trend analysis

International gold price dropt from a high point last trading day. After lost 1170, price went down to about 1150, market bearish mood pressured gold fell back to below 1160. In today’s Asia trading time, gold rebounded slightly, currently closed at about 1155.
U.S. October job market conditions index is better than expected, previous value is revised to 2.5 to 4, which indicates that job market is stabilized and improving, boost USDX rebounded massively, gold on the other hand under pressure and went downside. Currently gold daily chart price has dropt to about 1150 and testing that support. trading short during intraday trading seems to be a good choice.

 

[goldhj]

gold jinyu Nov. 12th precious metal/commodity (gold) price trend analysis


International gold price volatilized and rebounded yesterday(GMT+8). Relied on 1150 support, gold climbed up to about 1170 at the end of U.S. trading time, then dropt to about 1163 and started basing. In today’s Asia trading time, gold continues to rebound after a slight drop. Currently gold is basing around 1165.

The drop of USDX gives gold a breathing room and opportunity to rebound, but the pressure is still big, which makes gold volatilize. the speech given by Fed’s official Plosser also emphasize that the inflation level is still steady, thus the impact of USD’s appreciation is limited. Currently gold daily chart price is tend to base. MACD green bar keeps shorten makes gold hard to predict, band trading during intraday trading seems to be the reasonable decision.

 

[Atilla]

International gold price volatilized and rebounded yesterday(GMT+8). Relied on 1150 support, gold climbed up to about 1170 at the end of U.S. trading time, then dropt to about 1163 and started basing. In today’s Asia trading time, gold continues to rebound after a slight drop. Currently gold is basing around 1165.

The drop of USDX gives gold a breathing room and opportunity to rebound, but the pressure is still big, which makes gold volatilize. the speech given by Fed’s official Plosser also emphasize that the inflation level is still steady, thus the impact of USD’s appreciation is limited. Currently gold daily chart price is tend to base. MACD green bar keeps shorten makes gold hard to predict, band trading during intraday trading seems to be the reasonable decision.

I think 1180 will be tested and breached before we try for 1200. Next target after that likely to be 1230-40. So expecting a short term bounce before we head back down again.

 

[goldhj]

I think 1180 will be tested and breached before we try for 1200. Next target after that likely to be 1230-40. So expecting a short term bounce before we head back down again.

30-40? might not be that far. the power of oversell is almost released. Judging from the US economy and recent APEC. gold might won't go that high.

 

[Atilla]

30-40? might not be that far. the power of oversell is almost released. Judging from the US economy and recent APEC. gold might won't go that high.

Well 1st of December should be an interesting day :idea:

I think seasonal factor with some speculative buying may take it up a notch. Overall certainly bearish but short term up-draft looking like a possibility.

 

[Abdul2012]

Good news, i will keep an eye on it.

 

[FxRock]

Re Gold price analysis

Hello Friends,

GOLD Forex Signal for Thu, 13 Nov 2014

Open BUY/LONG GOLD at 1164.13
Set Take Profit at 1169.10 / 1176.56 / 1184.01
Set Stop Loss at 1154.19

Open SELL/SHORT GOLD at 1154.19
Set Take Profit at 1149.22 / 1141.77 / 1134.31
Set Stop Loss at 1164.13

:cheesy:

 

[goldhj]

gold jinyu Nov. 13th precious metal/commodity (gold) price trend analysis


International gold price volatilized and went downside. After climbed up to 1168, price dropt because of the pressure, it based around 1161 at the end of U.S. trading time. In today’s Asia trading time gold raised from a bottom line, climbed from 1156 to about 1160.
U.S. September Wholesale Inventories and wholesale sale is slightly better than last month, which boost USDX rebounded sharply, Europe currencies went down along with gold. Currently gold daily chart price is basing, MACD main and signal is going smooth, increasing the market volatilization cycle, band trade during intraday trading would be a good choice.

 

[goldhj]

gold jinyu Nov. 14th precious metal/commodity (gold) price trend analysis

International gold price suffered a violent fluctuation, volatilized around 1160. Price dropt from a relatively high point in U.S. trading time, failed to breach 1170 indicates that gold may go down. In today’s Asia trading time, gold raised from 1158 to 1160 and started basing.

U.S. initial jobless claim was not as good as expected, yet the following job vacancy decreased sharply indicates that September number of hiring made a big leap. These data boost USDX volatilized and went strong, gold on the other hand, went downside. Currently gold daily chart is basing, MACD main and signal is going smooth. Short trading in wave band would be a good choice.
:cheesy:

 

[Atilla]

Markets setting up for a big fall sooner or later. Not sure how this will impact gold.

Great deal of uncertainty either way so I'm expecting gold to bounce in the light of uncertainty.

Oil is falling but I'm thinking this is a double-whammy - demand fall and excess supply.

Not sure about things at all and gold at these levels. :whistling :whistling

 

[goldhj]

gold jinyu Nov. 17th precious metal/commodity (gold) daily price trend analysis


International gold price bounced from the bottom line, stabilized at about 1146 then started rebounding. Price raised to 1190 from 1150. Currently gold price started correcting around 1188 in Asia trading time.
U.S. October retail sales is better than expected, November Michigan university CCI keeps strong, USDX dropt from a high point, currently gold daily chart has already breach 1180, MACD red bar released heavy volume, trading long would be better.

 

[GoldGuru.in]

@ 1232

Little support around current levels. Until mid of this year, my view for Gold is bearish..

 

[TWI]

I am looking to start accumulating gold at these levels if they hold and lower if they do not. Strong dollar is definitely the flag here and how gold continues to react to it will be interesting, certainly do not see a reversal in the strong dollar trend any time soon. Last time I was in gold was a very long hold from 2001 to a slightly too early exit in 2011. When it comes to commodities been more in Ags and Energy than metals since then. One other thing I like to watch is the gold platinum spread, feel that platinum at a discount to gold is always a good long term play, just have to avoid too much leverage and scale in.

 

[goldhj]

gold price analysis

Feb. 11th Asia trading time LLG/LLS trading recommendation

[spot gold]
International gold opening quotation price 1238.61 USD/oz.high at 1245.84 USD/oz. ,low at 1230.60 USD/oz. ,closed at 1234.26 USD/oz.
upstream resistance point 1243/1248, downside support point 1231/1226.

1. Long at about 1233, stop loss at 1229, target at about 1242.
2. Short at about 1241, stop loss at1245, target at about 1232.

[spot silver]
International silver opening quotation price 16.98 USD /oz. high at 17.12 USD/oz. ,low at 16.71 USD/oz. ,closed at 16.88 USD/oz.
upstream resistance point 17.20/17.40, downside support point 16.80/16.60.

1. Long at about 16.85, stop loss at 16.75, target at about 17.15.
2. Short at about 17.10,stop loss at 17.20, target at about 16.80.

*For reference only.

 

[goldhj]

gold price analysis

Feb. 11th Europe-US trading time LLG/LLS trading recommendation

[spot gold]
GMT+8 16:30, international gold quotation price 1237.76 $USD/oz., upstream resistance point 1243/1248, downside support point 1233/1228.

1. Long at about 1234, stop loss at 1229, target at about 1245.
2. Short at about 1244, stop loss at 1249, target at about 1233.


[spot silver]
GMT+8 16:30, international silver quotation price 17.04 USD/oz., upstream resistance point 17.20/17.40, downside support point 16.80/16.60.

1. Long at about 16.90, stop loss at 16.75, target at about 17.20.
2. Short at about 17.15, stop loss at 17.30, target at about 16.85.

*For reference only.

 

[Simran_Roy]

Gold for April delivery GCJ5, +0.30% shed $9.30, or 0.8%, to settle at $1,232.20 an ounce on Comex. March silver SIH5, +0.66% dropped almost 20 cents, or 1.2%, to $16.87 an ounce.

 

[goldhj]

Feb. 12th Asia trading time LLG/LLS trading recommendation

[spot gold]
International gold opening quotation price 1234.19 USD/oz.high at 1239.53 USD/oz. ,low at 1216.67 USD/oz. ,closed at 1218.91 USD/oz.
upstream resistance point 1228/1233, downside support point 1218/1213.

1. Long at about 1219, stop loss at 1215, target at about 1228.
2. Short at about 1227, stop loss at 1231, target at about 1218.

[spot silver]
International silver opening quotation price 16.93 USD /oz. high at 17.10 USD/oz. ,low at 16.71 USD/oz. ,closed at 16.81 USD/oz.
upstream resistance point 17.00/17.20, downside support point 16.70/16.50.

1. Long at about 16.70, stop loss at 16.60, target at about 17.00.
2. Short at about 16.95,stop loss at 17.05, target at about 16.65.

*For reference only.

 

[Simran_Roy]

Gold futures settled higher on Thursday, rebounding from their lowest close in almost seven weeks on signs the Federal Reserve is in no hurry to hike interest rates.Gold for April delivery GCJ5, +0.02% tacked on $7.40, or 0.5%, to settle at $1,207.60 an ounce on Comex.