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XAUUSD (spot gold) update

  • #21
  • Mar 17, 2008 10:51pm Mar 17, 2008 10:51pm
H4 forecast
Ascending trend, all aims are attained. There are some signs of trend turn and I wait it.

Variants of events' development that take effect if:

Trade signals:
1) sell limit 1001, stop loss 1013, take profit 927.00
2) sell stop 981. 50, stop loss 995.00, take profit 928.00
pips account by trade signals of murch: +120

http://forexmillion.com/images/GRAPH.../gold%20h4.gif
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  • #22
  • Mar 18, 2008 7:23am Mar 18, 2008 7:23am
Quote

Technicals for Mar 18

Tuesday, 18 March 2008
LONDON – Goldessential.com – Mar 18 – 12.18GMT

Spot gold at $1,010.2 an ounce at 12.07GMT
Spot gold bullish on the intraday hourly charts, with additional upwards momentum preffered above med-term trend support at $995 an ounce.
Resistance is ahead of $1,014/15 and $1,017 an ounce.
A break of the $1,014 s/t trend resistance line would target resistance at $1,020 an ounce and $1,024 an ounce.

Support is noted at $1,008, $1,004 and $1,000 an ounce. Only below $995 an ounce would alter the s/t direction and would open for a fall towards $985 an ounce.http://www.goldessential.com/images/stories/18-30.gif

http://www.goldessential.com/index.p...d=860&Itemid=1
  • #23
  • Mar 18, 2008 3:36pm Mar 18, 2008 3:36pm
Gold made a crazy down move today.. just getting into gold TA, would you consider buying it on the dip at this level? I scalped and still banked over 600 pips today in gold, smooth movements..
  • #24
  • Mar 19, 2008 4:21am Mar 19, 2008 4:21am
Quote
SNB gold holdings decrease by 10.954 metric tonnes in February - Mar 19

Newsflash Wednesday, 19 March 2008

LONDON – Goldessential.com – Mar 19 – 8.50GMT

Newsflash: Swiss National Bank (SNB) gold holdings fell 352,100 oz in February, the equivalent of 10.954 metric tonnes, the bank reported on Wednesday.(ew)

Simon
  • #25
  • Mar 19, 2008 4:25am Mar 19, 2008 4:25am
Quoting megamo
Gold made a crazy down move today.. just getting into gold TA, would you consider buying it on the dip at this level? I scalped and still banked over 600 pips today in gold, smooth movements..
Scalping would imply you don't fear jittery movements. In that case, I would still advise to look at gold. It has some set-backs over the recent days in the form of decent fund selling and a 'temporary' rising dollar, but has withstand it remarkably well.
In essence, the metal's safe haven aspect is underpinning the whole, as really nothing has been resolved by the Fed's intervention. Just another desparate measurement to stave off a recession thats already upon us...

Gold should remain benefiting from this. Negative real interest rates mean something...
  • #26
  • Mar 19, 2008 1:08pm Mar 19, 2008 1:08pm
Quote
ONDON – Goldessential.com – Mar 19 – 17.35GMT Spot gold endured a correction in Today’s NY session, falling over 5 pct to a daily low of $941.20 an ounce, as some investors believed the recent rally to have gotten ahead of itself and as sentiment got dented by a lower than expected Fed rate intervention on Tuesday.
Moreover, the Euro seemingly topped out against the USD for now, reversing its path and moving lower.
Technically, spot gold has breached a support level active since mid December 2007, which was situated near $953 an ounce. However, gold’s uptrend is seen unharmed above $900 an ounce (red). Intermediate support levels are near $938 an ounce (value line), $920 an ounce (pink).

Moving back above $953 would reinstate the previous trend, with upside targets at $1,020 (white) and $1,044 (orange) an ounce.
http://www.goldessential.com/images/stories/19-33a.gif
Image 1: spot gold, daily chart.
Click here for an larger version
(ew)

That was quite a decent sell-off today
  • #27
  • Mar 25, 2008 6:10am Mar 25, 2008 6:10am
Quote
...

Recovery pushed gold into a $904.65-$925 an ounce consolidation channel, which was broken to the upside on Monday, with also the $930 an ounce level taken out.
Focus now lays on $938 an ounce resistance.

Intermediate resistance levels are found at $934, $938, $942, $945 and $948 an ounce. A break of the latter level would break the current s/t bullish trend and open for a move towards $980 an ounce.

Support is at $930, $925-923, $920, $916, $910 and $905 an ounce. Below the latter would open for a test of $900 and $890 an ounce.
...
http://www.goldessential.com/images/stories/25-30.gif


http://www.goldessential.com/index.p...d=898&Itemid=1
  • #28
  • Mar 26, 2008 9:11am Mar 26, 2008 9:11am
Quote

ECB Gold Sales - Mar 26


Newsflash:

Gold and gold receivables held by the ECB (Asset item 1) fell by 55 mln euros in the week ending March 21, to stand at 201,137 million euro. At an average price of 617€ an ounce or 965$ an ounce, this equals an amount of 2.77 metric tonnes being sold. The sales were conducted by one Eurozone central bank (consistent with the CBGA).

http://www.goldessential.com/index.p...d=914&Itemid=1
  • #29
  • Mar 27, 2008 4:07am Mar 27, 2008 4:07am
Quote
MARKET UPDATE: 9.03GMT

Spot gold fell 1 pct in the early European/London session, as the Euro ticked down against the USD – hitting an intraday low of 1.5726 - on technical play and tracking massive EUR/GBP selling. A local FX trader reported sell orders going through the market with at least two EUR 500M clips seen so far in the EUR/GBP pair.

Spot gold hit an intraday low of $942.30 an ounce at 8.33GMT, down 1 pct from its 951.80$ an ounce European opening level. A local trader added that fund liquidation was attributable to the sudden drop.
...
Src: http://www.goldessential.com/index.p...d=921&Itemid=1
  • #30
  • Mar 28, 2008 7:03am Mar 28, 2008 7:03am
Quote
....

Spot gold bullish above $940 an ounce on the hourly intraday technical charts, although with price movements seen heavy and momentum in range-trading mode.

Resistance is situated at $949 an ounce, of which a break would pave the road to the range resistance level near $955 an ounce. Above the latter opens for $960 and $970 an ounce.

Moving south of $940 an ounce would indicate an extension of weakness targeting $930 an ounce, with intermediate support levels at $938, $935. Below $930 would reinstate a s/t downtrend targeting $920, $914 and ultimately $904.65 and $900 an ounce.
...
http://www.goldessential.com/images/stories/28-30.gif

Image 1: spot gold, continuous chart, GMT
Found @ http://www.goldessential.com/index.p...d=931&Itemid=1
  • #31
  • Mar 31, 2008 6:32am Mar 31, 2008 6:32am
Quote
Spot gold is seen consolidating, albeit with a bullish undertone above $912 an ounce on the hourly, intraday charts.

Imminent resistance levels are emerging at $938 and $940 an ounce, of which a break would pave the road for a move to $948-$950 an ounce trend resistance. After ...


http://www.goldessential.com/images/stories/31-30.gif

Image 1 : spot gold, continuous charts, GMT+2




Src: http://www.goldessential.com/index.p...tpage&Itemid=1
  • #32
  • Apr 1, 2008 8:16am Apr 1, 2008 8:16am
ECB Gold Sales - Apr 1
MarketWire LONDON – Goldessential.com – Apr 1 – 13.03GMT

Gold and gold receivables held by the ECB (Asset item 1) fell by 1 mln euros in the week ending March 28, to stand at 201136 million euro. At an average price of 598€ an ounce or 930$ an ounce, this equals an amount of 0,05 metric tonnes being sold. The sales were conducted by one Eurozone central bank (consistent with the CBGA).
  • #33
  • Apr 1, 2008 8:52am Apr 1, 2008 8:52am
I'm trying to upload my gold chart, but FF keeps uploading an older image i uploaded before, weird, ok lets try this. What I was saying is i'm short gold, waiting for price to target fib projection.
Attached Image (click to enlarge)
Click to Enlarge Name: gold chart.gif Size: 44 KB
  • #34
  • Apr 1, 2008 8:56am Apr 1, 2008 8:56am
i published an analysis for gold 2 days ago on this blog
http://analysto.blogspot.com
  • #35
  • Apr 1, 2008 10:10am Apr 1, 2008 10:10am
still under pressure and have an open slot to 840 as a first target, 740 as a final target for now
  • #36
  • Apr 1, 2008 10:51am Apr 1, 2008 10:51am
good to see a current thread on spot gold. i will be a keen follower of this one.
  • #37
  • Apr 2, 2008 12:17am Apr 2, 2008 12:17am
Price target reached at 873.00 almost to the pip and retraced.. still very bearish..
  • #38
  • Apr 2, 2008 12:21am Apr 2, 2008 12:21am
Quoting megamo
Price target reached at 873.00 almost to the pip and retraced.. still very bearish..
After it fall quite hard yesterday, do you still think it will go down more for today??
  • #39
  • Apr 2, 2008 3:37pm Apr 2, 2008 3:37pm
Quoting sifoorex
After it fall quite hard yesterday, do you still think it will go down more for today??
As i predicted, Gold has climb up back into 900++ range.
  • #40
  • Apr 3, 2008 3:07am Apr 3, 2008 3:07am
Quote
Spot gold at $900.50 at 7.35GMT

Spot gold sideways on the hourly, intraday charts, having broken a s/t downtrend resistance level it had been residing in after selling off on Tuesday.
However, the yellow metal is not out of the woods below $915 an ounce, and the initiation of a new uptrend is only confirmed above $940 an ounce.

S/t support is seen at $900 an ounce, which if holds, would provide a good/stable base for …

http://www.goldessential.com/images/stories/3-40.gif


http://www.goldessential.com/index.p...tpage&Itemid=1
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