1700.00 – 1740.00
Support Resistance
1
1685.00 1750.00
2
1660.00 1780.00
INDICATOR VALUE
STOCH (14)
↓ 22.82
RSI (14) ↑ 44.22
MACD (9) ↓ 3.58
PAR SAR (9) ↓ 1794.27
EMA (20) ↓ 1732.44
EMA (50) ↓ 1721.28
-------S2 S1 Pivot Point R1 R2----------
1654.40 1677.00 1691.30 1713.90 1728.20consolidation up today
* Appears mild post-rebound fall for 5 consecutive period
since the beginning of last week. It is generally in the technical categories,
which usually only be limited. But this needs to be a
reference to determine whether the reflection is confirmed
Daily reinforcement opportunities. The reference in question could be the level of 1720,
which, if exceeded then the golden opportunity to rise.
* On the other hand, gold is likely to follow a pattern like that
shown in early November, which reflected the price of
scale area of 38.2% Fibonacci retracement which then leads to
1800 again. Meanwhile, the pattern-channel line up is expected to remain valid,
a pattern that is formed since the beginning of 2011.
info
Prices of gold futures contracts
Comex for December delivery ended higher on
Tuesday trading action thanks to bargain hunting and short covering
after strong selling pressure seen on Monday that
has produced several new short-term technical damage
for gold and silver.
In general, commodity market sector moves more so
gave a bullish factor for the metal. Gold for December
last traded up at $ 23.30 on the level of $ 1,701.90
per ounce. Spot gold last traded up at $ 26.40
per ounce at $ 1,704.25 per ounce. Meanwhile, for silver
Comex December last traded up $ 0.664 at the level
$ 31.78 per ounce.
The report also said that physical demand for gold
are at a lower price levels have also been recent
be seen.
The Committee called supercommittee of members
The U.S. Congress failed to agree on budget cuts, which
confirmed by congressional leaders on Monday.
Meanwhile, the European Union's debt crisis has stabilized for now
following bond auction results are somewhat better in Italy.
Markets were also relieved after ratings agency says
soon they will not downgrade the credit ratings of U.S.
supercommittee after failing to reach agreement on
cutting budgets.
There are major economic reports coming out of the European Union
this weekend, and with the U.S. Thanksgiving holiday on the day
Thursday, many traders and investors are less worried that U.S.
the closing of U.S. markets on Thursday, the world market may be
take a leap, refers to any new developments
any of the major European Union that could happen on Thursday.
The U.S. dollar index looks back on a fairly mild corrective
Tuesday after reaching a six-week high on Monday yesterday.
Bullish on the Dollar index still has some technical momentum
increase in short-term and which is still a bearish factor
The underlying market for precious metals. Crude oil prices more
higher Tuesday, but also down from last week's highs
began to dim as the Bulli
news
Is gold still a good investment at $1,800 and higher? - Article Alley, Nov 22 2011 7:25PM
Gold, Silver Rebound on U.S., European Sovereign-Debt Concern - BusinessWeek, Nov 22 2011 6:54PM