Daily GOLD

ok thank you...

i am a regular viewer of this thread. as per your disclaimer you provide the knowledge but i think your predication for the day, range and the direction for the day are really heplful tips. Thanks a lot once agian for sharing of knowledge..

INDICATOR VALUE
STOCH (14) ↑ 59.57 have trend up
RSI (14) ↑ 59.41 will be up
MACD (9) ↓ 44.35 have correction
PAR SAR (9) ↓ 1873.58
EMA (20) ↑ 1811.66
EMA (50) ↑ 1789.58

RANGE 1800.00 – 1830.00 range gold today
Support Resistance
1 1780.00 1840.00 target 1
2 1760.00 1870.00
Short Medium Long -----------S2 S1 Pivot Point R1 R2---------
Neutral Bullish Bullish 1804.60 1814.35 1822.70 1832.45 1840.80

i assume today gold neutral but correction still have
if gold stay in area 1830-1835 sinyal up to R2
if gold stay in area 1815-1810 sinyal down to S1

FIBONACCI VALUE
0.0% 1307.45
50.0% 1441.38
61.8% 1472.98
100.0% 1575.30
161.8% 1740.83 target 1 correction
261.8% 2008.68



* Expectations of gold prices likely to remain steady (steady) on the 1800's
has been realized, is a series of strengthening post-rebound
departed from the psychological level of 1700 last week. At least this phenomenon
provide opportunities that remain strong despite bullish was stained
a sharp correction.

* Reflection has reached half of the total decline of
peak 1912.30 (all-time high Winquote data) to a level of 1700. so the condition
This can give an idea of the possibility of consolidation phase
but in positive territory (in the middle of a very strong bullish signal).

news last impact and today

Gold in the attic: Furniture, coins and . . . Ninja Turtles? - USA Today, Sep 1 2011 9:04PM
Gold, silver rebound on global cues - Smart Investor, Sep 1 2011 8:43PM
Gold Prices Fueling International Expansion - Gold Investing News, Sep 1 2011 7:33PM

Gold dips thanks to strong dollarSky News Australia
Sep 1 2011 6:19PM

Gold Prices Need To Fall? ? 31 Aug 2011CNBC
Sep 1 2011 2:05AM
Smart investors show their mettle when it comes to goldIrish Times
Sep 1 2011 9:17PM

thank you mr bsraja .
DISCLAIMER:
All the charts and analysis provide here may contain trade recommendations. However, financial markets contain high amount of risk and specially a risk of losing money.
25584

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gold in up today but still waiting data USA unemployment rate
USD

Non-Farm Employment Change
[Open Detail]
74K
117K
[Open Chart]
Up Next 8:30am USD

Unemployment Rate
[Open Detail]
9.1%
9.1%
[Open Chart]
Up Next 8:30am USD

Average Hourly Earnings m/m
[Open Detail]
0.2%
0.4%
[Open Chart]

i see gold up today
S&P 500 Stock Futures Drop as U.S. Unemployment Rate Seen Steady in August - Bloomberg, Sep 2 2011 7:47AM
European Stocks Drop Before U.S. Jobs Data; AstraZeneca, Straumann Decline - Bloomberg, Sep 2 2011 7:46AM

-0----------------------------------------------------------------------------
next week gold will be open higher
1900 will be hit in hours

update new impact last day

METALS OUTLOOK: Gold Seen Rising Next Week As Economic Worries Persist

By Debbie Carlson

(Kitco News) - Renewed worries in Europe over Greek debt and a lack of job growth in August in the U.S. are just two of the reasons market watchers expect gold to post price gains next week.
The most-active December gold contract on the Comex division of the New York Mercantile Exchange settled at $1,876.90, up 4.4% on the week. December silver settled at $43.069, up 5% on the week.
In the Kitco News Gold Survey, out of 34 participants, 25 responded this week. Of those 25 participants, 20 see prices up, while two see prices down, and three see prices sideways or unchanged. Market participants include bullion dealers, investment banks, futures traders and technical chart analysts.
More concerns for Europe surfaced Friday when talks were tabled between Greece’s government and the entities bailing it out – the European Union, the International Monetary Fund and the European Central Bank -- adding more fears of a potential default. Greece’s finance minister said the talks between Greece and the “troika” would resume in mid-September. News reports said the discussions were halted over arguments regarding Greece’s ability to meet deficit targets.
MarketWatch reported that a joint statement between the European Commission, the IMF and the European Central Bank said their mission team had made “good progress” in their fifth review of Greece’s compliance with the bailout. On a side note, yields for Italian and Spanish debt rose Friday, signaling more market concerns over those countries’ fiscal health.
The European news comes as the August report from the U.S. Labor Department showed that no jobs were created that month, leaving the unemployment rate at 9.1%. Gold prices spiked higher on the news.
Gold’s strong showing is prompting many market watchers to say that they expect prices to rise next week, although they caution that prices could be volatile, meaning be aware of swings.
“I don’t see gold losing much ground. Whether it’s European debt issues or the U.S. election and its impact on Congress being unable to do much, gold has a strong case going for it. If world economies were to suddenly change, with spending coming under control and job growth creation, I’d have to change my opinion. Since there’s little chance of either occurring, I remain very bullish,” said Ira Epstein, director of the Ira Epstein division of The Linn Group.
Epstein added that from a seasonal perspective, gold could trade sideways to lower for just a short bit of time and then break out to the upside. “An upside trigger might coincide with issues being voted on in the German Parliament concerning bailout of Greece and other weak EU members,” he said.
Several market watchers said if gold prices fall, there could be buying interest on dips, as there was in August when it broke from all-time nominal highs. “Yesterday (Thursday) was the first day of the gold buying season - Eid for Muslims, followed by Diwali and the wedding season in India - Christmas and then finally the Chinese New Year - it promises to be an exciting one for goldbugs and market watchers alike,” said Ross Norman, chief executive officer of Sharps Pixley.
While many market watchers are expecting gains next week, it is not unanimous. Jimmy Tintle, analyst at Transworld Futures, is more neutral on gold, expecting it to hold in the range of $1,850 to the recent all-time nominal high of around $1,917, at least for the first part of the week.
He cites the three-day Labor Day weekend as one reason to be neutral; second, he notes that open interest in the futures contract is not growing as price rise. Open interest is the number of position left standing at the end of the trading session and growing open interest in a higher price trend suggests new positions are being added. Considering that open interest is not growing as prices move up, the rise might not be sustainable.
“That’s not a good sign,” Tintle said.
Robin Bhar, senior metals analyst at Credit Agricole CIB, also warns that last month’s volatility in gold should remind investors that the metal is not a risk-free asset. “Moreover, the likelihood of further sizeable sell-offs has increased sharply at these elevated price levels and it is no longer a one-way bet. Nevertheless, the longer-term financial and economic imbalances in the U.S. and Europe and the negative real interest-rate environment should continue to be supportive for the gold price,” he said.
Next week is a shortened trading week in the U.S., with markets closed on Monday for the Labor Day holiday. The economic calendar is light, but traders said market participants are keenly anticipating President Barack Obama’s speech to a joint session of Congress on Thursday, when he is expected to talk about a jobs plan. Some believe the speech might not have the impact the president hopes it will.
“With Republican presidential debates and President Obama's economic-policy speech to Congress next week, worries that our government is incapable of dealing effectively with high unemployment, a stalling economy, and the federal deficit and debt crisis will continue to support retail gold demand and may encourage institutional speculators to place more bets on the long side of the market,” said Jeffrey Nichols, senior economic adviser to Rosland Capital and managing director of American Precious Metals Advisors.
Other precious-metals markets such as silver and the platinum group metals have been hiding in the shadow of gold, traders said. The PGMs remain subject to economic data and the health of the stock market, while silver has been supported by gold. Bhar said silver is consolidating above $41 an ounce.
Barclays Capital technical analysts see a narrow range for silver, saying they expect near-term gains capped near $43 and that they “prefer to buy dips near the $38.50/70 area.”

INDICATOR VALUE
STOCH (14) ↑ 67.25 up strong
RSI (14) ↑ 64.94 bullish trend
MACD (9) ↑ 47.02 still up
PAR SAR (9) ↓ 1702.60
EMA (20) ↑ 1820.04
EMA (50) ↑ 1800.60

* Closure in positive territory at the end of last week getting
reinforce the strength of the bullish trend in the middle of the potential correction is also
any time will appear as shown after the achievement
peak 1912.30 (all-time high data Winquote). This condition will at least
shore up gold prices further.
* Strengthening of the trade last week emphasized
gold characters who are often able to close the correction though
reached by the time a little longer. This character has some
presented at the previous outlook outlook. Thus, this condition
gold is also likely to continue the pattern of his record-breaking.

RANGE 1880.00 – 1920.00 range today
Support Resistance
1 1860.00 1940.00 target 1
2 1830.00 1960.00

----------- S2 S1 Pivot Point R1 R2----------
1802.33 1841.91 1863.48 1903.06 1924.63

i assume gold trend up with small correction
i assume today if gold stay in area 1880-1890 sinyal up to R1 and R2
if gold stay in area 1860-1850 sinyal down for gold to S1

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

last news impact
Gold continues to gleam in the gloom - Hong Kong Standard, Sep 4 2011 6:16PM
Gold?s secret hiding place - China Business News, Sep 4 2011 5:01PM
Gold Wins with Bleak Jobs Data — Look at Range Trading - SFO.com, Sep 2 2011 4:55PM

----------------------
news
Gold Advances in London as Growth, Debt Concerns Boost Demand - BusinessWeek, Sep 5 2011 5:18AM

5 sept live gold prediction
news update
Rio, Anglo to Sell 75% Palabora Stake Valued at $720 Million - Bloomberg, Sep 5 2011 7:57AM
China's SGE to raise gold, silver margin requirements from Sep 9 - Commodity Online, Sep 5 2011 9:01AM
Colombia's gold mining boom offers silver lining for paramilitaries, guerillas - Mineweb, Sep 5 2011 8:31AM
Asia stocks tumble on global economic gloom - MarketWatch, Sep 5 2011 9:46AM

INDICATOR VALUE
STOCH (14) ↑ 79.14 up again
RSI (14) ↑ 66.58 strong up
MACD (9) ↑ 49.86 bullish trend
PAR SAR (9) ↑ 1706.25
EMA (20) ↑ 1798.50
EMA (50) ↑ 1708.05

RANGE 1880.00 – 1920.00 target 1
Support Resistance
1 1860.00 1940.00
2 1830.00 1960.00

-------------- S2 S1 Pivot Point R1 R2----------
1862.30 1881.20 1892.60 1911.50 1922.90

i assume gold will be up today and only have small correction
if gold stay in area 1905-1910 sinyal up for gold to R1 and R2
if gold stay in area 1890-1885 sinyal down for gold S1

FIBONACCI VALUE
0.0% 1307.45
50.0% 1441.38
61.8% 1472.98
100.0% 1575.30
161.8% 1740.83
261.8% 2008.68 target gold this month

For the second time the gold is in positive territory, followed by
The highest level of penetration of the previous period to lead or
even beyond the psychological level of 1900. This condition is further strengthened
the record-breaking follow-up.
* The highest achievement of yesterday as well have been perfecting the process
closure correction of the highest cumulative 1702.60 1912.30 to lowest.
Target nearest resistance is possible to achieve scale
261.8% Fibonacci retracement (2008.68).

last news impact
---------------------
American Bonanza Gold Corp. (TSE:BZA) (PINK:ABGFF) Hits New Multiyear High - EMoneyDaily, Sep 5 2011 6:31PM
Obama Says His Jobs Plan Will Push for Rebuilding Nation's Infrastructure - Bloomberg, Sep 5 2011 2:10PM
Colombia Attracting Oil Billionaires May Spur Auction of Gold, Coal Rights - Bloomberg, Sep 5 2011 12:07PM
Gold Rises Above $1,900 an Ounce as Growth, Debt Concerns Enhances Demand - Bloomberg, Sep 5 2011 12:46PM

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see that right

Yes, you were right, thanks for your posts.

There is possibility to poke higher R2

i was wrong

double top is forming here
http://forum.lowyat.net/index.php?ac...ost&id=2422065

after hit $1920 resistance area I am expect some consolidation before any upside. will be small correction

If the markets get less time to consolidate then the pullback , would be higher. With ISM today at 10 am ET

plz waiting data USA

i'm see from your chart is true doubel top but for gold to up again in next target R3 1940 is not today, i see some correction after hit 1920 is in area 1900-1890 again . because waiting data ISM
if data bad for usa i think gold will be back to area 1920 again but if good for USA gold will be back to 1880-1890 again
but gold can be hit 2000 target in next week will be near.

Gold Falls From Record Price as Swiss Central Bank Imposes Franc Ceiling - Bloomberg, Sep 6 2011 7:15AM
Namibian competition body approves Chinese takeover of Gold One - Mining Weekly, Sep 6 2011 7:31AM
U.S. dollar slips; Swiss move lifts euro - MarketWatch, Sep 6 2011 7:17AM
Sandfire draws down first A$30m on DeGrussa debt facility - Mining Weekly, Sep 6 2011 7:28AM

Hi Donny_1986,

First of all i want to thank you for sharing your knowledge!

Im new in the trading business and you are the one that give
the best analysis for gold! (in my opinion)

I know you are a news trader and chartist and im looking to develop
this kind of trading too.

I would be very happy if you can tell me the indicators you use and
where i can get them.

Thank you very much.

THANK YOU
I'M USE THIS
INDICATOR VALUE
STOCH (14)
RSI (14)
MACD (9)
PAR SAR (9)
EMA (20)
EMA (50)
and
FIBONACCI VALUE

i always Calculate the movement of day and closing day