if in technical gold must bee stay below 1620 ,next target 157x-159x why ? because doubel top formation signal 1630-1620 below closed. target down area extrem 1555 prediction i assume is possible that area, but need some fress data usa and news.
however that area is shoot very very extrem over sold and will be buyback
if gold stay above 165x next week i assume sideways range 165x- 169x.
if gold closed always up than yesterday and support by bad usa data, it can be bullish short time next 169x
all of them must see on sunday closed gold for direction clue.
if in fundamentals Gold records biggest weekly decline this year as an improving global economic outlook drove safe-haven gold under the main technical support.
Gold fell below its 200-day moving average, which has held gold in the last 5 months, because U.S. equities measured by the S & P 500 rose for the eighth day for strengthening the longest streak of more than 8 years.
Friday's U.S. housing data and encouraging signs of stability in the euro zone push gold. Traders said the Federal Reserve's policy meeting next week and will likely be the U.S. employment data to determine the nature of the gold market.
"If the unemployment rate next week appears slightly better than expected or even that hope, will put pressure on gold,Gold also came under pressure
after data showed sales of single-family homes in the U.S. rose last year to its highest since December 2009 despite the weak.
that is reason gold will be more heavy to up this month. and will test down area first before up in february month until obama give direction and the fed have good idea for globe situation.
Support Resistance Level
1 1620.00 1680.00
2 1600.00 1700.00
The possibility is almost no change in the outlook for early
this week, which has 3 periods in a row prices
Gold moves on "red line" and failed to break resistance
in the 1700s. Possible response caution traders
is still felt in the middle of the lack of positive sentiment or
forecast economic growth tends to improve.
If you view the beginning of January, 1700 is resistant
strong enough to pass up the gold back towards 1620 -
an. Similarly to the current position, the possibility
could be repeated.
1650.00 - 1670.00
S1
1655.80
Support
1640.00
1620.00
Pivot Point
1660.90
Medium
Bearish
Resistance
1680.00
1700.00
R1 R2
1667.90 1673.00
Long
Bullish
Gold price rebounds after underperform likely not portray a strong indication of a reversal, because some activities vary somewhat sentiment (mixed). So it remains to be addressed carefully against the potential for further weakening caused by technical selling.
From the pattern of early January, a new rebound appears in 1644's, while the rebound yesterday too early. It need some sort of catalyst that can sustain the gold back confidence as depreciating U.S. dollar sentiment and uncertain global economic outlook.
INDICATOR
STOCH (14) RSI (14) MACD (9) PAR SAR (9) EMA (20) EMA (50)
VAL UE
↓ ↓ -3.54 44.17 20.61 ↑ ↑ ↓ 1636.42 1672.62 1683.17 ↓
Short Medium Long
Bearish Bearish Bullish
RANGE 1650.00 - 1670.00
Support Resistance Level
1 1640.00 1680.00
2 1620.00 1700.00
The pattern of movement today is still not enough to
reinforce the bullish signal, the minimum for the short term,
of rebound after underperforming since the previous period
the end of the week, because of the possibility that some sentiment
observed little beravariasi (mixed). It remains to be addressed hatihati
the potential for further weakening caused by
technical selling. Since the beginning of January, a new rebound
appears in the 1644's, while the rebound happened the day before yesterday
too early. It should be a catalyst that can sustain the gain
Further gold. However, if the expected limited sideways.
GOLD Markets Gold was at $1,668.30 Vs $1,667.45 on Feb. 1. The price climbed 0.5 % last week. Gold April delivery declined 0.2 % to $1,667.20 , Silver for immediate delivery dropped 0.3 % to $31.7357 . Palladium advanced 0.2 % to $757.75
Gold was also pressured by China's export and import figures overnight,
indicating strong domestic demand and boost
economy. Signs that China's economy can heat up
forcing the central banks to the Bamboo Curtain
tighten its monetary policy.
The biggest factor that must be considered for gold is
possible degradation of European and Japanese economies. gold may
once again benefited as a safe haven as concerns
devaluation of currencies, "
RANGE 1660.00 - 1680.00
Support Resistance Level
1 1640.00 1700.00
2 1620.00 1720.00
Overall, gold is relatively stagnant, the level of 1680
become resistant that is still strong enough to pass. it is
remains a concern especially in the middle of no sentiment
that move the price significantly. failure
penetration 1680s showed decrease
potential rally and at the same level also should be a reference
to detect patterns further. Range of movement of gold
in the last 1-2 months between the 1640's to the 1700's.
So from this range do not rule out the possibility of gold
moving in the same range until the end of this month.
S2 S1 Pivot Point R1 R2
1659.76 1663.43 1668.56 1672.23 1677.36
1640.00 - 1660.00
S1
1637.83
Support
1620.00
1600.00
Pivot Point
1656.77
Medium
Bearish
Resistance
1680.00
1700.00
R1 R2
1663,93 1679,87
Long
Bullish
The possibility of no change daily predictions today, because starting this week in gold was on track "red" following the closure last weekend. Gold is expected to remain stagnant, with a strong resistance level of 1680 this week. Failure penetration 1680s which showed weaker performance slowly. Meanwhile, the range of movement of gold in the last 1-2 months between the 1640's to the 1700's. So the golden rule is not to move in the same range at least until the end of this month.
INDICATOR
STOCH (14) RSI (14) MACD (9) PAR SAR (9) EMA (20) EMA (50)
VAL UE
38.89 28.18 ↓ ↓ ↓ ↓ -3.43 1697.50 1669.53 ↑ ↑ 1678.62
GOLD Markets Gold spot lost 0.3 % to $1,642.90 , traded at $1,644.05 at 11:13 a.m. in Asia . Spot silver fell 0.7 % to $30.735 , the lowest since Jan. 28. Gold April fell 0.3 % to $1,644.10
RANGE 1640.00 - 1660.00 Support Resistance Level 1 1620.00 1680.00 2 1600.00 1700.00 Break-back happened at the session low yesterday so expectations that gold is expected to be relatively more pressure Furthermore, it is still quite relevant in some periods future, at least until the end of this week. Cues weakness has actually indicated when gold failed to break resistance in the 1680s sentiment that diverse. Today, gold is leading or is in the area bottom in the last 2 months in the 1630s, is likely to will reverse such patterns beforehand. However, it is addressed carefully considering gold losing momentum. S2 S1 Pivot Point R1 R2 1633.20 1642.00 1647.70 1656.50 1662.20 MARKET DATA DATE OPEN HIGH LOW CLOSE + / - $ 11/02/2013 1668.80 1669.70 1643.60 1648.00 -19.10 12/02/2013 1648.10 1653.40 1638.90 1650.80 +12.80 GOLLD MARKET REPORT INDICATOR VALUE STOCH (14) ↓ 22:49 RSI (14) ↑ 40.47 MACD (9) ↓ -4.43 PAR SAR (9) 1696.42 ↓ EMA (20) ↓ 1667.74 EMA (50) ↓ 1677.53
Spot gold +0.2 % to $1,653.60 after dropping to a one-month low of $1,639.45 yesterday. Silver gained 0.3 % to $31.2169, rebounding from a one-month low of $30.5875 reached yesterday. Spot platinum gained as much as 0.6 % to $1,728.75. 1 ounce of platinum bought 1.0466 ounces of gold today
Level 1
2
S2
1632.20
Short
Bearish
1640.00 - 1660.00
S1
1637.20
Support
1620.00
1600.00
Pivot Point
1645.50
Medium
Bearish
Resistance
1680.00
1700.00
R1 R2
1650.50 1658.80
Long
Bullish
Although it does not happen break-low aftershocks, from the position of the current gold price is still considered as a pressure that begins at the weekend likely will still give a negative contribution to the end of this week.
Actually bearish indication has been seen as the gold failed to break resistance 1680s. And now gold is leading or is at bottom area in the last 2 months in 1630 - an, there is likely to reverse direction as previous patterns, such as the end of December 2012 or January 2013 that the average contrast of the 1635's.
INDICATOR
STOCH (14) RSI (14) MACD (9) PAR SAR (9) EMA (20) EMA (50)
VAL UE
↑ 13:52 ↓ ↓ -5.81 1694.12 37.28 ↓ ↓ ↓ 1665.31 1676.14
