Daily GOLD

i see yesterday gold closed 1599. so i just prediction will be up. you can see my forcasets yesterday.
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this condition.. today
i think gold will be stay around 1610-1615 the first target 1620
if gold down again to 1599 so it can be down to 1595.

you can see number 1 ( resistance 1640 is potensial)
but whenever at any time can be decreased to number 2 (158x)

Barack Obama warns of market meltdown if US debt talks fail

US President Barack Obama and top Congressional leaders are scrambling to agree a deal to raise America's $14.3 trillion (£8.8trillion) debt ceiling before financial markets open on Monday.


http://www.telegraph.co.uk/finance/e...alks-fail.html

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7:18 pm gold around 1613-1616 so if gold until close >1616 i think will be tes resistance 163x

Moody's warns Greek default virtually 100 percent

ATHENS, Greece (AP) — Moody's downgraded Greece's bond ratings by a further three notches Monday and warned that it is almost inevitable the country will be considered to be in default following last week's new bailout package.
The agency said the new EU package of measures implies "substantial" losses for private creditors. As a result, it cut its rating on Greece by three notches to Ca — one above what it considers a default rating.
Though Moody's said a Greek debt default is "virtually certain," it noted that the new measures will increase the likelihood that Greece will be able to stabilize and eventually reduce its overall debt burden.
It also said the package also benefits other eurozone countries by "containing the near-term contagion risk that would likely have followed a disorderly payment default or large haircut on existing Greek debt."
In recent weeks, financial markets have been rocked by fears that much bigger economies like Spain and Italy may get dragged into Europe's debt crisis mire, which has also seen Ireland and Portugal bailed out alongside Greece.
Eurozone countries and the International Monetary Fund last week agreed to give Greece a second bailout worth euro109 billion ($155 billion), on top of the euro110 billion granted in rescue loans a year ago.
If all goes to plan, banks and other private investors will contribute some euro50 billion ($71 billion) to the rescue package until 2014 by swapping Greek bonds that they hold for new ones with lower interest rates or slightly lower face value, or selling the bonds back to Greece at a low price
"The support package incorporates the participation of private sector holders of Greek debt, who are now virtually certain to incur credit losses," Moody's said in a statement. "If and when the debt exchanges occur, Moody's would define this as a default by the Greek government on its public debt."
Despite Greece's new package, which was more comprehensive than many in the markets had predicted, Moody's said it's going to take many years of hard graft for Greece to get complete control of its debts.
"Greece will still face medium-term solvency challenges — its stock of debt will still be well in excess of 100 percent of GDP for many years and it will still face very significant implementation risks to fiscal and economic reform," Moody's said.
The agency added that it will reassess Greece's rating once the bond exchange has been completed "to ensure that it reflects the risk associated with the country's new credit profile, including the potential for further debt restructurings."
On Friday, ratings agency Fitch also said Greece faced a default but that it would reassess the rating once the new bonds are issued — implying that the bad rating might only last for a few days.
While Greece's brush with default will be a first for a euro country, the immediate practical consequences of the rating for Greece should be limited.
For weeks, the overriding fear was that, because of the bad rating, already struggling Greek banks would be frozen out of the European Central Bank's emergency liquidity operations.
However, last week eurozone leaders found a way around that threat by promising to temporarily deposit euro35 billion with the ECB to boost the creditworthiness of defaulted bonds used as collateral by Greek banks, until the default rating has been lifted.
Crucially for Greece and Europe as a whole, the International Swaps and Derivatives Association, a trade association, said the new rescue deal is not expected to trigger payment of bond insurance because private sector involvement is voluntary.
Greek government spokesman Elias Mossialos brushed off Moody's downgrade as of "no practical value," arguing that domestic lenders can count on secure credit lines under the terms of the new bailout.
"Unfortunately for them, (ratings agencies) won't have anything to work on for many years," he said in a radio interview. "Perhaps the finance ministry should cancel its subscriptions, because I think the Greek government pays subscriptions to these agencies to receive their results ... I don't think we need them any longer."
____
Nicholas Paphitis in Athens and Gabriele Steinhauser in Brussels contributed to this story.



http://news.yahoo.com/moodys-warns-g...074635812.html


can be upp?????

Daily Silver T/A, please

26 july gold
i think today gold 50% down , 50% up, because pivot is near 1613.
so if the prediction USA economi is not good can see in table
gold can be up to 1620 again , but if USA new homesale and consumer good, it can be drop for gold to 1600.

today gold if stay around 1611-1615 and break again 1623 i assume will be resistance target 1634
today gold if below 1599 i think will be to down to 1592.

potensial break this week 1640

so watch your step and see.... the point gold stay area.

today if gold stay below 1610 i think will be down to 1605
but the problem gold stay area 1612-1613 is oil 99.32

news :
Home Prices Edge Higher in May: S&P/Case-Shiller

U.S. single-family home prices showed a slight improvement in May, the first time in nearly a year they have not fallen on a monthly basis. Prices were still down compared to a year earlier, however, a closely watched survey said on Tuesday.http://media.cnbc.com/i/CNBC/Section...d_sign_200.jpgThe S&P/Case Shiller composite index of home prices in 20 metropolitan areas held steady on a seasonally adjusted basis and in line with economists' expectations, according to a Reuters poll.
The last time the seasonally adjusted index rose month-over-month was in June 2010, shortly after the home buyer tax credit expired.
On a non-seasonally adjusted basis, the index rose 1 percent, the second month of gains in a row, the report said.

RELATED LINKS







Current DateTime: 06:17:09 26 Jul 2011
LinksList Documentid: 43893838

 

1. Cities Untouched by the Bust
2. The Healthiest Housing Markets
3. Mortgage Interest Deduction on Table in Debt Talks

"This is a seasonal period of stronger demand for houses, so monthly price increases are to be expected," David Blitzer, chairman of the index committee at Standard & Poor's, said in a statement. "The concern is that much of the monthly gains are only seasonal."
Prices in the 20 cities fell 4.5 percent year-over-year, which was also in line with forecasts.
"While we saw some improvement on a monthly basis, the overwhelming likelihood is that we've not seen a bottom in housing yet—and for good reason," said Michael Woolfolk, senior currency strategist at BNY Mellon. "Financing for mortgages is not there yet and bank appetite to extend credit has yet to recover."

range support today 1600-1620
support 1 1540.40 resistance 1640

s2 1603 s1 1611.30 pivot point 1615.90R1 1624.10 R2 1628.70

stoch 92.72 up - RSI 69.82 Up
short trem trend bullish

today gold still up so i have assume
first target is 163x
if gold stay in area 1618-1621 it will be up to 1625 and r2
if gold stay in area 1613-1615 it will be down to 1612 and s1


Reference current level is 1600, as well as support that will oversee
movement in the next few periods. If able to penetrate,
at least this session, the possibility of the emergence of overbought expectations will
realized. However, this is still not enough to provide an overview
changes in short-term bearish trend.
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donny 1986 gold

(Reuters) - A Republican plan to cut the U.S. deficit faced delay and stiff opposition on Wednesday, raising the risk of default and a ratings downgrade as the clock ticks toward a deadline less than a week away.
Deeply divided Republican and Democratic leaders are scrambling to find common ground before August 2, when the government is expected to hit its $14.3 trillion borrowing limit that could trigger a default and roil world markets.
Even if that fate is avoided, a budget plan that flinches from hefty cuts in the deficit could result in a downgrade of America's top-notch credit rating, raising borrowing costs and dealing a severe blow to the country's weak economic recovery.
After weeks of acrimonious debate, the contours of a possible deal have emerged but Republicans and Democrats are digging their heels in on some key demands and blaming each other for putting politics ahead of the national interest.
Lawmakers need to carve out a budget plan to clear the way for Congress to raise the borrowing limit.
The chances of a quick resolution receded after a vote on a deficit plan by the top Republican in Congress was pushed back to Thursday from Wednesday.
Republican Speaker John Boehner rushed to rework his bill after an analysis found it would cut spending by $350 billion less than the $1.2 trillion over 10 years he had claimed.
President Barack Obama has threatened to veto the Boehner plan and top Senate Democrat Harry Reid described it as "dead on arrival."
The plan has also failed to win the backing of conservative Tea Party Republicans, who have steadfastly refused to back tax rises and want much heavier cuts to social programs that are traditionally protected by Obama's Democrats.
The White House said on Tuesday it was working with Congress to craft an unspecified "Plan B," providing a glimmer of hope that an 11th-hour deal could be reached as lawmakers feel the pressure from increasingly anxious financial markets.
The gridlock dragged global stocks down on Wednesday, particularly in Europe. Worried investors shifted funds into traditional safe havens gold and the Swiss franc, which both rose to record highs in dollar terms.
The cost of insuring against a U.S. debt default in the next year increased to a record high.
Still, there have been no signs of panic in markets because most investors expect a deal will be struck by the deadline.
"The market is expecting both sides to take it to the edge, to push it as long as possible given the politics and given the cost to any side which backs down and loses one of its core interests too early on," said Stephen Green, head of research for Greater China at Standard Chartered Bank.
However, the bank's Chinese clients take a more pessimistic view on America's longer-term fiscal health, Green said.
"Many of them look at the politics in the U.S. and see that it's so dysfunctional that they're losing hope that the U.S. can actually get its fiscal house in order," he told Reuters.
Failure to reach a deal would have major implications. A Japan central bank policymaker warned a U.S. default or a ratings downgrade would be felt well beyond the United States.
"As the world's biggest economy, the U.S. would have an immeasurable impact on global financial markets and Japan would not escape the damage," said Hidetoshi Kamezaki, a board member of the Bank of Japan.
France's budget minister, Valerie Pecresse, urged Washington to come to an agreement.
"The global economy needs an American agreement," the minister said.
"WRAPPED UP IN A BOW"
Americans also are overwhelmingly concerned about the crisis, a Reuters/Ipsos poll showed. A majority of 56 percent support a mixture of tax increases and spending cuts that Obama has advocated and Republicans have dismissed.
Despite their differences -- sharpened by the looming presidential and congressional elections in November 2012 -- there is common ground between Boehner's bill and a rival plan by Reid that calls for a $2.7 trillion deficit reduction over the next decade.
Reid said he could not understand why Republicans did not support the plan he presented since it does not raise taxes and the spending cuts in the proposal have been endorsed by them.
"It's everything Republicans have demanded wrapped up in a bow and delivered to their door," he said.
Obama has said he cannot accept Boehner's two-step deficit plan because it extends the Treasury's borrowing authority only until early next year, risking a rerun of the debt impasse during the election campaign.
Obama, who will run for a second term, has backed Reid's one-step plan, which has a hike to the $14.3 trillion debt limit that would carry through the elections.
Neither plan goes far enough with deficit cuts to guarantee the U.S. sovereign credit rating will not be downgraded, an action that would dent the global safe-haven status of the dollar and Treasury bonds.
All three big credit-rating agencies have warned the United States needs to come up with a credible deficit plan to keep its top AAA rating in the long term.
Executives from Standard and Poor's and Moody's Investors Service are due to appear before a congressional panel on Wednesday, where they will face scrutiny over their views on the debt ceiling debate.
Obama and Treasury Secretary Timothy Geithner have stressed the government will run out of room to borrow funds on August 2, next Tuesday.
But Treasury officials have never said when the government will exhaust its funds to pay the nation's bills and the consensus among Wall Street analysts is that the cash will not run out until about two weeks later than that.
(Writing by Stuart Grudgings; Editing by John O'Callaghan and Neil Fullick)



http://www.reuters.com/article/2011/...7646S620110727

look gold just break 1629.60.
my forecast before just touch R2.
so in this secenario gold will be hit 163x immediately
only time can answer
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but this is another story if gold instead fell back on the area until the close of 1616.

28 july 2011 daily gold
range today 1620-1640
STOCH 90.7 DOWN RSI 66,7 DOWN
S2 1596 S1 1604 PIVOT 1616.6 R1 1625 R2 1637.1

TODAY if gold stay area 1620-1621 again it will be up >1625
if gold stay area 1610 i assume will be down to S1 1604

watching the oil is correction

Donny 1986:
Do you think gold has enough power to reach 1630 again today?

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I THINK GOLD can't reach 1630.
if today closed under 1615. that is sinyall for bearish.
so we must watch moved of gold.
28 july- 2 agust
4 day before USA debt.
prepare for clear position buy in >1620. to risk in that area. (overbought is 1629) i assume that.

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WAITING TODAY SMALL CORECTION
8:30am USD Unemployment Claims
http://www.forexfactory.com/images/m...etail_star.gif

413K 418K
http://www.forexfactory.com/images/misc/viewchart.gif 10:00am USD Pending Home Sales m/m
http://www.forexfactory.com/images/m...etail_star.gif

-1.5% 8.2%

I think the US data seems like mix or something,
Unemployment Claims getting better and Pending Home Sales m/m getting worse.

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all data is good USA so the gold still flat area 1612-1616 because we have more save haven buyer.
it can be bragain hunting again after small correction, just wait and see gold can be up again in this situation.

You right....

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Comex Gold Backs Off on Profit-Taking Pressure, Firm U.S. Dollar Index www.kitco.com.

It's difficult to call it bargain hunting when gold in some currencies is the only thing that has gone up.

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yes thats right.

in the near future gold I'm sure to fall and the currency rises, if there have been certain decisions of the USA

29 july 2011 GOLD DAILY
indicator
STOCH (14) ↓ 77.02
RSI (14) ↑ 67.99
MACD (9) ↑ 22.86
PAR SAR (9) ↑ 1598.74
EMA (20) ↑ 1580.92
EMA (50) ↑ 1548.25

RANGE 1610.00 – 1630.00
Support Resistance
1 1600.00 1650.50
2 1575.30 1680.00

Short Medium Long S2 S1 Pivot Point R1 R2
Bullish Bullish Bullish 1595.45 1606.45 1613.30 1624.30 1631.15
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i assume
if gold stay around 1616-1619 it will be up 1620
if gold stay around 1609-1610 it will be down.1605
look the curde oil is need...

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* New highest record price of gold back inscribed, gesture
are still very strong bullish. Notwithstanding the correction toward a low-level
previous period, the price trend remains still positive. Thus,
The top trendline (23.8% Fibonacci Fan) become resistant to be tested
strength today.
* In case of break-out, then did not rule out a rally next week
will continue. On the other hand, gold also had the opportunity to overbought,
but the reference remains at 1600 level or the highest point of the period of May (1575.30)

The "certain" decisions of the USA has no real effect on the world price, supply, and demand.
The USA will only either accumulate more in ETF's to be dumped later or they will begin dumping.