Gold news

Intraday Trend- Buy is advised above 29151.5 with a stop at 28453.8 Below 28260.1 go for sell with a stop at 28956.9

Intraday Resistance of GOLD are 29093.3 : 29415.6 : 28959.7 : 28995.1

Intraday Support of GOLD are 28316.7 : 27994.4 : 28451.4 : 28416.4

Gold Technical Analysis

Gold Technical Analysis (Spot) - Prices put in a Bearish Engulfing candlestick pattern below resistance at the top of a rising channel set from late June, hinting a move lower is ahead. Channel bottom support is now at 1312.15, with a break beneath that initially targeting the 23.6% Fibonacci expansion at 1273.98. Channel resistance is now at 1379.51.

Gold news

Intraday Trend- Buy is advised only above 28834.8 with a stop at 27970.8 Below 27721.2 go for sell and put stop at 28584.2

Intraday Resistance of GOLD are 28527.1 : 28777.3 : 29192.5 : 28529.8 : 28564.9
Intraday Support of GOLD are 28026.9 : 27776.7 : 27361.5 : 28025.3 : 27990.5

Gold Technical Analysis

Gold Technical Analysis (Spot) - Prices broke resistance at 1297.75, the 38.2% Fibonacci retracement, and moved to challenge the 1334.08-49.27 region marked by the 50% Fib and a rising channel set from late June. A further push higher beyond that aims for the 61.8% retracement at 1370.40. The 1297.75 level has been recast as near-term support.

GOLD NEWS & TREND

Intraday Trend- Buy is advised only above 27818.2 with a stop at 27510 Below 27444.3 go for sell and put stop at 27752.2

Intraday Resistance of GOLD are 27726.6 : 27806 : 27880.9 : 27915.6
Intraday Support of GOLD are 27535.4 : 27456 : 27382.2 : 27347.8

Gold news

Trend updated for-Jul/26/2013.CMP-27404 The Gold is in perfect uptrend .Currently Gold is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Gold is 26918-26801-26771-26676-26641-26301-. Immediate resistance for Gold is 27827

Intraday Trend- Buy is advised above 27701 with a stop at 27228.6 Below 27108 go for sell with a stop at 27579.9
Intraday Resistance of GOLD are 27645.7 : 27846.3 : 27652.9 : 27687.5
Intraday Support of GOLD are 27162.3 : 26961.7 : 27156.3 : 27122

Gold Technical Analysis news

Gold Technical Analysis (Spot) - Prices broke resistance at 1297.75, the 38.2% Fibonacci retracement, and moved to challenge the 1334.08-49.27 region marked by the 50% Fib and a rising channel set from late June. A further push higher beyond that aims for the 61.8% retracement at 1370.40. The 1297.75 level has been recast as near-term support.

Daily Chart - Created Using FXCM Marketscope 2.0

MCX Gold Aug : Sell around 27200 levels

MCX Gold Aug : Sell around 27200 levels with a stop loss placed above 27350 levels for targets of 26900 levels

Gold news

Trend updated for-Jul/23/2013.CMP-27560 The Gold is in perfect uptrend .Currently Gold is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal For short term The current position is BUY and closed above 1 month high with volume signals up breakout.Positionally Support for the Gold is 26982-26713-26664-26582-26360-26190-. Immediate resistance for Gold is 27730

Short term and Intraday Level of GOLD 

Intraday Trend- Buy is advised above 28132.2 with a stop at 27247.4 Below 26989.9 go for sell with a stop at 27873.6

Intraday Resistance of GOLD are 27794.5 : 28028.9 : 28418.1 : 27809.6 : 27844.3
Intraday Support of GOLD are 27325.5 : 27091.1 : 26701.9 : 27311.5 : 27277.2

GOLD TECHNICAL ANALYSIS

GOLD TECHNICAL ANALYSIS – Prices put in a Bearish Engulfing candlestick pattern below resistance at 1297.75, the 38.2% Fibonacci retracement, hinting a move lower is ahead. Near-term rising channel support is at 1265.34, with a break below that eyeing the 23.6% level at 1252.80. Alternatively, a move above resistance sees the next upside boundary at 1334.08, the 50% Fib.

Daily Chart - Created Using FXCM Marketscope 2.0

Gold Technical Analysis

Gold Technical Analysis (Spot) - Prices put in a Bearish Engulfing candlestick pattern below resistance at 1297.75, the 38.2% Fibonacci retracement, hinting a move lower is ahead. Near-term rising channel support is at 1260.04, a barrier reinforced by the 23.6% retracement at 1252.80. A break below that aims for Fib expansion support at 1228.00. Alternatively, a move above resistance sees the next upside boundary at 1334.08.

Daily Chart - Created Using FXCM Marketscope 2.0

(http://www.dailyfx.com/forex/fundamental/daily_briefing/daily_pieces/commodities/2013/07/18/Commodities_Gold_Crude_Oil_Remain_Focused_on_Bernanke_Commentary.html)