Daily GOLD

this daily 25 agust
Support Resistance
1 1720.00 1814.90 first
2 1700.00 1850.00 second target range

---------S4 S3 S2 S1 Pivot Point R1 R2---------
1688 1717.4 1765.40 1797.50 1854.90 1887.00 1944.30

i assume gold will be correction and can be up again
if stay in area 1797-1790 sinyal up it can be up again target pivot
if stay in 1750-1740 sinyal down to S3 (1717)

revesal sinyal trend bearsih in 1710 closed gold

look DMI its still potensial down
and MACD area is in down area

for complete look live gold prediction 25 agust

goldprice (dot) org

http://www.goldprice.com/

gold is bargain hunting again so this condition make gold strong to up again if closed in 1770 .but gold sTill have small corection .in next open maket gold start to up .

INDICATOR VALUE
STOCH (14) ↓ 51.34 still correction strong
RSI (14) ↑ 56.47 still have to up
MACD (9) ↓ 51.79
PAR SAR (9) ↑ 1912.30
EMA (20) ↑ 1750.49
EMA (50) ↑ 1664.70

RANGE 1740.00 – 1780.00
Support Resistance
1 1720.00 1800.00 target today 1
2 1700.00 1820.00 target 2

--------- S2 S1 Pivot Point R1 R2--------
1677.80 1725.00 1749.90 1797.10 1822.00

i assume today gold will be correction and have small up
if gold stay in area 1771-1779 it sinyal up to R1 and next r2
if gold stay in area 1737-1743 it sinyal down S1 and S2

FIBONACCI VALUE
0.0% 1307.45
50.0% 1441.38
61.8% 1472.98
100.0% 1575.30 will be tes in 1 week
161.8% 1740.83 strong support
261.8% 2008.68 long term


* Correction resumed and a sharp decline in the three consecutive
with a total of nearly $ 210/toz. This decrease is further closing total
cumulative gain recorded last week. Thus, the price of gold
estimated chance of still continuing the negative phase.
* Because it has led to the 1700 level then the short-term trend ofswitching to
as described in the bearish outlook yesterday. There is a possibility
This decrease resembles the character of panic-selling in the priceexceeded
high (a kind of bubble burst) in the middle of the safe-haven is still quitestrong and
fears of a global crisis, especially in Europe is still haunting.

last news impact and today
Gold Prices Mount Massive Comeback After $200 Decline - The Street, Aug 25 2011 3:33PM
Midway Gold Shares Up 20.7% Since SmarTrend's Buy Recommendation (MDW) - Comtex SmarTrend, Aug 25 2011 7:16PM
Gold price tumbles in market correction - Shanghai Daily, Aug 25 2011 6:44PM

Gold demand and price surge put shine on Petropavlosvk 1H 2011 bottom lineAllVoices
Aug 25 2011 5:47AM


Gold falters as investors fear ?bubble? could burstBusiness Day
Aug 25 2011 12:33AM
GLOBAL MARKETS-European shares seen opening up; gold fallsReuters Africa
Aug 25 2011 2:52AM

waiting 10:00am USD
Fed Chairman Bernanke Speaks


every investor wait and see !!!
bernanke speech MArket speculations Q3

If QE3 release today, then where the gold will go?

And if not, where the gold will go?

Pretty much still learning right now and would like to know where the price of gold will go.. Been loss some money and would like to get some profit from this one..

Thanks

really nice analysis..
keep posting and share

i think we should wait and see to take position until next week.

I LOVE INDONESIA too..

Really nice posting..

i think i will waiting for the bernanke speak to see what he's going to do..

Nice info, Love this post...

i think
If QE3 release today, then where the gold will go? will be down side

And if not, where the gold will go? still potensial up trend

buy is more save in short term

------------------------------------------------------------------------
i think gold before Ben Bernance speech is still up. and after that will be down again .

news
Chairman Ben S. Bernanke

At the Federal Reserve Bank of Kansas City Economic Symposium, Jackson Hole, Wyoming


Good morning. As always, thanks are due to the Federal Reserve Bank of Kansas City for organizing this conference. This year's topic, long-term economic growth, is indeed pertinent--as has so often been the case at this symposium in past years. In particular, the financial crisis and the subsequent slow recovery have caused some to question whether the United States, notwithstanding its long-term record of vigorous economic growth, might not now be facing a prolonged period of stagnation, regardless of its public policy choices. Might not the very slow pace of economic expansion of the past few years, not only in the ...
(see complete)
http://www.federalreserve.gov/newsev...e20110826a.htm

bolinger bands squeeze potential?

very true but we are just waiting for a decision C.ben
wait and see
Bernanke Says Fed Still Has Stimulus Tools, Doesn’t Signal He’ll Use Them - Bloomberg, Aug 26 2011 10:11AM

i'm sorry, how does that news impact?

medium impact

-----------------------------------------------------------------------
Ben Bernanke’s speech in Jackson Hole didn’t provide any hints about QE3. The expectations were lowered towards the speech, but EUR/USD ticks down anyway.
It seems that the only substantial announcement is that the Fed will lengthen its upcoming meeting in September from one to two days in order to discuss a new set of tools to aid the economy. What tools will be used? Bernanke didn’t provide any news on that.
Bernanke indirectly points the finger to politicians for making moves to help the economy. The word fiscal appears on less than 21 times in the speech.
This paragraph shows “passes the ball” to the government (emphasis mine):

Notwithstanding this observation, which adds urgency to the need to achieve a cyclical recovery in employment, most of the economic policies that support robust economic growth in the long run are outside the province of the central bank. We have heard a great deal lately about federal fiscal policy in the United States, so I will close with some thoughts on that topic, focusing on the role of fiscal policy in promoting stability and growth.

There is a small hint about the political stalemate in Washington. The political difficulty was one of the reasons for the downgrade of the US by S&P.
It is clear that the quantitative easing programs ran their course. Another round can only do harm. Without fresh dollar printing, also commodities are falling. Crude oil is at $83.25 at the moment. QE2 contributed to higher oil prices, something that also weighed on the dollar. Update: Oil is recovering at the moment.
EUR/USD is at 1.4380 at the time of writing, falling from 1.4440 before the release, and well within the 1.4350 to 1.4450 range. See the euro dollar forecast for more.
Update: 1.4350 level currently breached. Will it hold?
The reaction in the markets is not the usual “risk averse” reaction: also the safe haven currencies are losing against the dollar: USD/CHF and USD/JPY are both up. In disappointments such as these, the yen and the Swiss franc strengthened against the dollar while the euro and pound were falling. An interesting development.

Earnings for companies in the index may rise 18 percent this year, according to the average estimate of analysts surveyed by Bloomberg. Economists predict gross domestic product will expand 1.75 percent this year and 2.35 percent in 2012, according to a survey of 56 respondents conducted by Bloomberg.

live prediction 26 agust

INDICATOR VALUE
STOCH (14) ↑ 46.81 potensial strong up
RSI (14) ↑ 62.15 potensial up trend
MACD (9) ↓ 51.36
PAR SAR (9) ↓ 1903.91
EMA (20) ↑ 1757.80
EMA (50) ↑ 1671.08.

RANGE 1820.00 – 1860.00 range
Support Resistance
1 1800.00 1880.00 target 1
2 1760.00 1900.00 target 2 after target 1 hit

------------S2 S1 Pivot Point R1 R2----------
1732.00 1779.70 1804.50 1852.20 1877.00

i assume gold today is profit taking small correction and will be up again
if gold stay in area 1825-1830 is sinyal up to R1 and R2
if gold stay in area 1790-1780 is sinyal down to S1 and S2 target

FIBONACCI VALUE
0.0% 1307.45
50.0% 1441.38
61.8% 1472.98
100.0% 1575.30
161.8% 1740.83 target short term
261.8% 2008.68

* The weakening that occurred during three consecutive periods thatfollowed
supp penetration 1740.80 (161.8% Fibonacci scale RETR) to lead to
level of 1700, it has sparked a picture of the transition trend for
short-term bearish. These extreme correction is very vulnerable
occurred in the middle of a rally that is considered "wild" over this.
* However, for the price of gold closed back above the support in 1740-an
such, did not rule out the power of correction will be over soon
or the phase of "calm" after his ouster. Res adlh nearest the 1850s,
if exceeded, watch out because the record-breaking can be resumed.

last news impact
Spot Gold Falls for First Day in Three, Reversing Earlier Gain - BusinessWeek, Aug 28 2011 9:16PM
Buffett sheds light on gold - Gladstone Observer, Aug 28 2011 8:53PM
Bassari Resources hits bonanza 7m at 54.3g/t gold in Senegal - Proactive Investors Australia, Aug 28 2011 9:04PM
Gold price keeps on up and upPerth Now
Aug 28 2011 9:36PM

Hi danny,

from your quote: i assume gold today is profit taking small correction and will be up again
if gold stay in area 1825-1830 is sinyal up to R1 and R2
if gold stay in area 1790-1780 is sinyal down to S1 and S2 target

How long do we need to wait to know whether it will be go up again or not?

Around an hour from now? 2 hours from now?

Right now is around 1821.. Thanks