Daily GOLD

1700.00 – 1740.00
Support Resistance
1

1685.00 1750.00

2

1660.00 1780.00

INDICATOR VALUE

STOCH (14)

↓ 22.82
RSI (14) ↑ 44.22
MACD (9) ↓ 3.58
PAR SAR (9) ↓ 1794.27
EMA (20) ↓ 1732.44
EMA (50) ↓ 1721.28

-------S2 S1 Pivot Point R1 R2----------

1654.40 1677.00 1691.30 1713.90 1728.20
consolidation up today

* Appears mild post-rebound fall for 5 consecutive period
since the beginning of last week. It is generally in the technical categories,
which usually only be limited. But this needs to be a
reference to determine whether the reflection is confirmed
Daily reinforcement opportunities. The reference in question could be the level of 1720,
which, if exceeded then the golden opportunity to rise.
* On the other hand, gold is likely to follow a pattern like that
shown in early November, which reflected the price of
scale area of ​​38.2% Fibonacci retracement which then leads to
1800 again. Meanwhile, the pattern-channel line up is expected to remain valid,
a pattern that is formed since the beginning of 2011.


info

Prices of gold futures contracts
Comex for December delivery ended higher on
Tuesday trading action thanks to bargain hunting and short covering
after strong selling pressure seen on Monday that
has produced several new short-term technical damage
for gold and silver.
In general, commodity market sector moves more so
gave a bullish factor for the metal. Gold for December
last traded up at $ 23.30 on the level of $ 1,701.90
per ounce. Spot gold last traded up at $ 26.40
per ounce at $ 1,704.25 per ounce. Meanwhile, for silver
Comex December last traded up $ 0.664 at the level
$ 31.78 per ounce.
The report also said that physical demand for gold
are at a lower price levels have also been recent
be seen.
The Committee called supercommittee of members
The U.S. Congress failed to agree on budget cuts, which
confirmed by congressional leaders on Monday.
Meanwhile, the European Union's debt crisis has stabilized for now
following bond auction results are somewhat better in Italy.
Markets were also relieved after ratings agency says
soon they will not downgrade the credit ratings of U.S.
supercommittee after failing to reach agreement on
cutting budgets.
There are major economic reports coming out of the European Union
this weekend, and with the U.S. Thanksgiving holiday on the day
Thursday, many traders and investors are less worried that U.S.
the closing of U.S. markets on Thursday, the world market may be
take a leap, refers to any new developments
any of the major European Union that could happen on Thursday.
The U.S. dollar index looks back on a fairly mild corrective
Tuesday after reaching a six-week high on Monday yesterday.
Bullish on the Dollar index still has some technical momentum
increase in short-term and which is still a bearish factor
The underlying market for precious metals. Crude oil prices more
higher Tuesday, but also down from last week's highs
began to dim as the Bulli

news

Is gold still a good investment at $1,800 and higher? - Article Alley, Nov 22 2011 7:25PM
Gold, Silver Rebound on U.S., European Sovereign-Debt Concern - BusinessWeek, Nov 22 2011 6:54PM

if runing can't break down 1664.xx, for 24 hour later
I think lowest 2 day ago (1664.20 ) will be support for this week,

we have 2 day momen buy xau-usd

buy area 1 : 1684.xx
buy area 2 ; 1665,XX

REVIEWS
Short Medium Long
Neutral Bullish Bullish
RANGE 1700.00 - 1740.00
support Resistance
1 1685.00 1750.00
2 1660.00 1780.00
INDICATOR VALUE
Stoch (14) ↓ 18:46
RSI (14) ↓ 43.11
MACD (9) 0:27 ↓
PAR SAR (9) 1789.14 ↓
EMA (20) 1728.68 ↓
EMA (50) 1720.17 ↓

---------S2 S1 Pivot Point R1 R2---------

1659.50 1676.20 1693.15 1709.90 1726.80

gold consolidation up . if stay in area 1699-1703 signal up R1
if gold stay in area 1683 signal down S1


* Strengthening the technical rebound after previously seen yet stable,
relative price moves hovering in the area followed by the 1700s without
with the closing session of the correction that occurred last Monday (blackcandle form)
so it is possible opportunities is still a positive force
is weak. In other words, the price of gold menyempurkan pattern of up-channel
line with its target trendline support point 2 in the 1650s.
* The price of gold in the strong category if the minimum target level of 1720
in this session achieved. Related to the fundamental problem that the character of gold
signaled the existence of negative correlations, especially in markets
equity that most of experiencing a correction, so it can
encourage the activity of the safe-haven in gold more attractive.



DATA

Symbol Price Change Date Loc Description Fcst Prev Act

DJIA

11275.55 -236.17 23/11 JPN Bank Holiday (Labour Thanksgiving Day) -- -- --

NASDAQ

2460.08 -61.20 CHN HSBC Flash Manufacturing PMI -- 51.0 48.0

S & P 500

1164.66 -26.25 US Core Durable Goods Orders m/m 0.1% 1.8% 0.7%

FTSE

5139.79 -67.04 US Unemployment Claims 387K 388K 393K

SHICOM

2395.07 -17.36 US Core PCE Price Index m/m 0.2% 0.0% 0.1%

KOSPI

1783.10 -43.18 US Durable Goods Orders m/m -1.1% -0.6% -0.7%

IHSG

3687.48 -48.05 US Personal Spending m/m 0.4% 0.6% 0.1%

EUR

1.3356 -0.0149 US Personal Income m/m 0.3% 0.1% 0.4%

JPY

77.3878 +0.4150 US Revised UoM Consumer Sentiment 64.6 64.2 64.1

RP

9110.00 +65.00 US Revised UoM Inflation Expectations -- 3.2% 3.2%
YUAN 6.3584 -0.0035 US Crude Oil Inventories -0.3M -1.1M -6.2M

news

Comex gold futures prices
for December delivery ended the session trading day rabua
in the U.S. with a slightly lower but also rising from the lowest level
daily. The bargain hunter once again enter the market for
buy the dip in prices. However, "risk-off" is still a theme in
market, and that makes the sector of basic commodities, including metals
noble, was under selling pressure.
The U.S. dollar index is also trading higher and
touches seven-week new highs, which is also a factor
bearish for gold and silver.
Last traded price of December gold fell by
$ 8.30 at $ 1,694.10 per ounce level. Spot gold traded
last fall by $ 5.40 per ounce at the level of $ 1,694.50.
Meanwhile, Comex silver for December last traded
down $ 1.066 at $ 31.885 per ounce price.
The market had a negative jolt when the auction results
German government bonds disappointing. It rocked
World stock markets are already shaky, and once again
questioned about the survivability of the Euro currency. Debt crisis
The European Union has now spread from small countries
periphery to the main core countries in the European Union. This situation only
continued to deteriorate, which trigger mentality "when in doubt, get out" in
most of the market-including precious metals and with
exception of the U.S. dollar and U.S. Treasuries. In addition to the
debt issues and politics in the U.S., many investors around the world
who still see the greenback as the safest assets.
Bullish gold market has been somewhat disrupted as the yellow metal
, which is also considered a safe haven asset, not seen
strong demand from investors amid the latest escalation
debt crisis of the European Union. But lately the market of gold and silver have been
choose to be traded on a daily basis is more like rekanrekan
those on raw commodities and more like an asset
the risk. But do not be surprised if all of a sudden gold rally as the debt crisis
The EU plays its part or on the rise.
There will be more economic reports from the European Union and
meeting on Thursday and Friday. With the Thanksgiving holiday in the U.S.
on Thursday, many traders and investors are less worried
that the closing of U.S. markets on Thursday, the world market may
can get a rally, about anything, refer to the
The main developments of the European Union that could happen on Thursday.

Liquidity Crunch Brings Down Precious Metals - by Eric McWhinnie , Nov 23 2011 12:52PM
Technically Precious with Merv - by Merv Burak CMT , Nov 21 2011 9:06AM

i think 1664.xx strong suport, maybe very save for buy position near that area, any suggest?

1700.00 - 1740.00
support Resistance
1 1685.00 1750.00 range today target
2 1660.00 1780.00

INDICATOR VALUE
Stoch (14) ↑ 21.64
RSI (14) ↑ 43.49
MACD (9) ↓ -2.21
PAR SAR (9) 1784.21 ↓
EMA (20) 1725.43 ↓
EMA (50) 1719.17 ↓

--------S2 S1 Pivot Point R1 R2---------

1679.50 1687.10 1694.50 1702.00 1709.35.


today gold still in correction technical but fundamental is positif for gold up
if gold stay in area 1699 sinyal up R1
if gold stay in area 1690 sinyal down S1 target S1




* There has been no significant change in the movement of the session yesterday,
rangebound was probably still will appear at the session of the weekend
this. In other words, relative prices move in the area late 1700's but
with almost the same range as in the two previous periods.
Short-term trend is neutral remember mensugestikan opportunities
cooperation between the gain and loss.
* Reference the 1720 level as an indicator that the gold in the category of strong
expected to remain valid. Meanwhile, the support which will oversee
until early next week is the trendline 2. Over the past did not happen
penetration of this level, it can be assumed to be a bullish sign "safe" in
some future period, at least until the end of this month.

NEWS

Ecuador's Correa says mining contracts "within days" - Reuters, Nov 24 2011 4:22PM
.Gold: Not As Scarce As You Think - E-Forex, Nov 24 2011 7:36PM
CASTLEMAINE GOLDFIELDS LIMITED : Institutional Entitlement Offer Results - 4 Traders, Nov 24 2011 6:55PM



info

Gold likely to rise in
London on speculation that lower prices will attract
physical buyers as investors began to seek refuge
the wealth of Europe's debt crisis.
Metals have been down 5 percent since 8 November and fell to $
1,667.03 per ounce on 21 November, the lowest price in the
almost four weeks. German Chancellor Angela Merkel says
today that join the euro bonds will only send a "signal
wrong, "provide optimism about the potential for drug
the region's debt crisis.
"Physical demand from Asia, particularly from Vietnam and
Thailand, pretty good, "said Bernard Sin, head of currency trading
money and coins from MKS Finanice SA in Geneva, by phone today
this. "We remain bullish despite remain cautious."
Bullion for immediate delivery rose 0.2 cent to $
1,696.32 an ounce at 5:05 p.m in London. Futures for
February delivery was little changed at $ 1,699.70 an ounce on the
Comex, New York, where the trading floor is closed today (Thursday)
for the Thanksgiving holiday.
Bullion are in a bull market and the price reached a record $
1,921.15 per ounce on September 6, as investors sought
to diversify away from equities and some currencies in the
debt crisis and worries about a slowdown
of economic growth. ETP supported by the metal rose to a record
2,350.8 metric tons yesterday, the data indicated by Bloomberg.
Silver for immediate delivery was 0.5 percent higher at $
31.8925 per ounce after falling from the lowest point in nearly
a week yesterday. Platinum fell 0.5 percent at $ 1,540.50 per
ounce and palladium fell 0.8 percent to $ 581.50 an ounce.

ULASAN

Short Medium Long

Bearish

Bullish Bullish

RANGE 1680.00 – 1710.00
Support Resistance
1

1660.00 1720.00

2

1640.00 1750.00

INDICATOR VALUE

STOCH (14)

↓ 17.37
RSI (14) ↓ 41.63
MACD (9) ↓ -5.11
PAR SAR (9) ↓ 1779.17
EMA (20) ↓ 1737.01
EMA (50) ↓ 1740.01

-----------S2 S1 Pivot Point R1 R2 R3----------------

1656.83 1668.46 1683.13 1694.76 1709.43 1729.2

gold target up to R3 if stay in 1718-1721
gold down signal in area 1700

GO

LD MARKET REPORT

news
Pan American Metals Of Miami Says Gold Is Still Favored Despite A Disappointing Week Posted By: Donald Hood - ArticleSnatch.com, Nov 28 2011 3:02AM

Pan American Metals of Miami says Gold Should Still Represent a Bargain Below $1700 - AllVoices, Nov 28 2011

ANALYSIS TOOLS
Support
1 1660.00
2 1640.00
INDICATOR VALUE
Stoch (14) ↑ 21.63
RSI (14) ↑ 48.14
MACD (9) ↓ -5.17
PAR SAR (9) 1774.95 ↓
EMA (20) 1720.22 ↓
EMA (50) ↓ ↑ 177.40

* Reflection technical sessions started appearing in ming
1700 was exceeded again until the lead resistance
double (EMA 20 and 50). From this it is possible rebound in gold prices
will match the pattern as it has ever reached in early
November (the circle and arrow), the SAA
appreciated until the past trendline 1.
* Expectations of gold will move to the area of ​​consolidation
remained unchanged despite the expected
will appear in the 1650s. This will occur as a reference when
further decline. In the session today, gold is expected to move
the relative was hovering in the late 1700's the area again.

S2--- S1 ----Pivot Point---- R1 ----R2
1662.85 1687.30 1704.05 1728.50 1745.25

gold today correction because $ up with gold signal up consolidation area.
if stay in area 1720 signal up R1
if stay in area 1700 signal down S1

NEWS
Comex Gold Ends Solidly Higher On Bargain Hunting, Weaker U.S. Dollar, General Rally in Commodities - Kitco News, Nov 28 2011 2:28PM
Gold Prices Pop on Weak Dollar - The Street, Nov 28 2011 2:59PM
ABM Resources delivers trenching result of 110 metres at 28.34g/t gold from Twin Bonanza - Proactive Investors.co.uk, Nov 28 2011 9:51PM

INFO

Comex gold futures
December to end the trading session on Monday more
bargain hunting and short covering following
happened last week.
The market is in a more optimistic mood following
commencement of the holiday shopping season in the U.S. is impressive and the
some new hope about the settlement of the debt crisis of the European Union
that are running.
Mentality "risk-on" a trader is bullish for the sector
raw materials in general commodities, including precious metals. Index
The U.S. dollar was also lower, which becomes a bullish factor
gold and silver on Monday.
Gold last traded up $ 26.30 on
1,714.90 per ounce. Spot gold last traded up $ 30.20
per ounce at the level of $ 1,711.00. Meanwhile, silver
Last March delivery traded up $ 1.148 at
32.24 per ounce.
"Black Friday" holiday shopping season
started on a good prefix. Meanwhile, in
several plans that start made by the par
Europe and the IMF, which is really not a
markets oversold just say so do
corrective. Italian bond yields still hovering close to 7%,
although a little retreat from highs last week
recurrent crises of the European Union will once again disrupt the market
The gold market has recently behave more like risk assets
than such safe-haven assets, with the trading day
on the market Monday, the gold bull at least follow it
The U.S. dollar index traded lower Monday morning,
profit taking, corrective pullback after me
seven weeks last week. Bullish Dollar index still has some
near-term technical momentum increases with
short-term uptrend on the daily chartnya. Crude oil prices
trading higher on Monday and also help improve
precious metals and other commodity markets.
DISCLAIMER
Comments on the technical review is not recommendation to buy or sell, but the only way to interpret the pattern i
The Company is not responsible for its use.

target 1680.00 – 1720.00


Support Resistance
1 1660.00 1750.00
2 1640.00 1770.00



--------S2 S1 Pivot Point R1 R2---------
696.40 1705.80 1713.00 1722.40 1729.60

gold up with correction look the Resistance and support

INDICATOR VALUE
STOCH (14) ↑ 27.19
RSI (14) ↑ 48.87
MACD (9) ↓ -4.81
PAR SAR (9) ↓ 1770.59
EMA (20) ↓ 1719.74
EMA (50) ↓ 1717.32

news


Gold at record level, Rs 21,680 for a sovereign - Mathrubhumi, Nov 30 2011 3:43AM
Europe ramps up rescue fund, may turn to IMF - Reuters, Nov 29 2011 10:23PM

1740.00 – 1770.00
Support Resistance
1

1730.00 1780.00

2

1700.00 1803.00

INDICATOR VALUE

STOCH (14)

↑ 44.21
RSI (14) ↑ 54.81
MACD (9) ↓ -54.81
PAR SAR (9) ↓ 1766.40
EMA (20) ↑ 1722.14
EMA (50) ↑ 1718.40

-------S2 S1 Pivot Point R1 R2---------

1682.80 1713.85 1732.15 1763.20 1781.85

Hello

Are you busy this day?very few posts come from you last few days and also can we talk through YM?let me know,waiting for your quick and kind reply.

Thanks
Picklu

1740.00 – 1770.00 target
Support Resistance
1

1730.00 1780.00

2

1700.00 1803.00

INDICATOR VALUE

STOCH (14)

↑ 52.92
RSI (14) ↓ 54.49
MACD (9) ↑ -0.90
PAR SAR (9) ↓ 1762.39
EMA (20) ↑ 1724.17
EMA (50) ↑ 1719.38

--------S2 S1 Pivot Point R1 R2----------

1723.35 1733.40 1743.80 1753.90 1764.25

gold still consolidation up with correction

news
Canadian junior has big hopes for Egyptian gold - Mining Weekly, Dec 1 2011 7:59PM
Gold, Silver Futures Advance; Spot Gold Trades Little Changed - BusinessWeek, Dec 1 2011 7:28PM

1740.00 – 1770.00
Support Resistance
(S) (R)
1

1730.00 1780.00

2

1700.00 1803.00

INDICATOR VALUE

STOCH (14)

↑ 62.87
RSI (14) ↑ 55.01
MACD (9) ↑ 1.620
PAR SAR (9) ↓ 1666.10
EMA (20) ↓ 1721.33
EMA (50) ↑ 1738.85

-----------S2 S1 Pivot Point R1 R2

1723.36 1733.83 1748.41 1758.88 1773.46

i assume gold will be up high target this week
but still have small correction

news
Gold inches up as key EU summit nears - Reuters, Dec 4 2011 8:43PM
Indians hold over $950bn of gold - DailyTribune, Dec 4 2011 8:43PM

1710.00 - 1740.00
support Resistance
1 1700.00 1760.00
2 1680.00 1780.00
INDICATOR VALUE
Stoch (14) ↓ 57.48
RSI (14) ↓ 49.20
MACD (9) ↓ 0.81
PAR SAR (9) 1667.94 ↑
EMA (20) 1725.64 ↑
EMA (50) 1720.40 ↓

* The price of gold remains in a stagnant category in three consecutive periods
although it was supported by the positive momentum after the rally since
early last week. Thus, the golden opportunity to
phase continued for EMA support does not exceed 20 (in
1717's) at least in this session. If exceeded, then maybe the level
1700 will be found again. But if on the contrary, the pattern of the rally as
in the early period last November the more open (see picture
circle in the illustration).
* The movement of gold prices, especially for medium or long-term
expected to remain in the corridor-channel line-up
composed of trendline 1 and 2.

-----------S2 S1 Pivot Point R1 R2-------
1694.40 1707.90 1731.00 1744.50 1767.60

NEWS warning
Gold Falls as Europe Works to Fix Debt Crisis; Palladium Climbs - BusinessWeek, Dec 5 2011 7:32PM
S&P Places 15 Euro Nations on Warning for Downgrade - Bloomberg, Dec 5 2011 5:11PM

ANALYSIS TOOLS
REVIEWS
Short Medium Long
Neutral Bullish Bullish
RANGE 1710.00 - 1740.00

support Resistance

1 1700.00 1760.00
2 1680.00 1780.00

INDICATOR VALUE
Stoch (14) ↓ 57.64
RSI (14) ↑ 50.64
MACD (9) 0.88 ↑
PAR SAR (9) 1669.84 ↑
EMA (20) 1725.83 ↑
EMA (50) 1720.68 ↑

* Although the gold corrected back leads to a level of 17000, the opportunity
to maintain a positive potential after last week's rally was
remains open. Except where (at least) half of the cumulative gain
The ie approximately at the level of 1712.85, then the expectation istraversed
likely be thwarted.
* Based on the illustration above, a trendline is likely to be arrested
the rate of price increase. It is also seen in the period of October last.
The price of gold is assumed in a strong bullish trend, at least
for short, if able to transcend them. But if otherwise,
did not rule out the movement in the channel line-up pattern
will continue.


----------S2 S1 Pivot Point R1 R2
1696.85 1712.20 1722.60 1734.00 1748.35
gold steady today with small corection

news

Indian households hold over 18,000 tones of Gold: Macquarie - Mathrubhumi, Dec 6 2011 8:08PM
Carmakers $7 Billion Platinum Bill Shrinking... 7:44 PM - BusinessWeek, Dec 6 2011 8:39PM


Comex gold futures prices
for February delivery ended the session Tuesday trading more
low in the U.S., but also up from the lowest daily. some interest
purchase of bargain hunting and short covering action appear around


middle of the day following the selling pressure that has happened this week.
Bullish gold faded a bit this week.
February gold last traded down $ 6.20 at $
1,728.30 per ounce. Spot gold last traded up $ 1.30
per ounce at $ 1,725.00. Meanwhile, Comex March silver prices
last traded up $ 0.368 at $ 32.74 per ounce.
The market a little jolt on Monday afternoon when the Standard & Poors
warns credit rating may be lowered from
most EU countries. Then on Tuesday morning
The same agency issued a warning on
debt of the European Union as a whole. Such a move is not only
give the market fears but also angered because
The move came just in the same week when
The EU seems to have finally been more serious in handling
their debt crisis.
However, trading from the market a little more quiet this week
compared to last week. There is a meeting of the European Union that will
taking place this week, including a summit on the day
Friday, and traders and investors that the worst calculation
about the debt crisis of the European Union may now be skipped.
The U.S. dollar index was slightly higher. Bull on the dollar index is still
have a short-term technical advantage, and it affects
negative impact on precious metals market. Crude oil prices
less stable but still traded above $ 100.00 per barrel.
Bullish crude has technical advantages that are
factors underlying bullish for precious metals.
London gold price fixing for the evening is at $ 1,708.00
per ounce than the determination of the morning at $ 1,744.00 per ounce.

I SEE gold steady WHY ??
Gold moves sideways after two days of losses - MarketWatch, Dec 6 2011 11:00PM
Fed to hold off on easing, finalize policy framework - Reuters, Dec 6 2011 11:08PM

review
yesterday

Symbol Price Change Date Loc Description Fcst Prev Act
DJIA 12150.13 +52.30 7/12 JPN Leading Indicators 91.8 91.6 --
NASDAQ 2649.56 -6.20 US Crude Oil Inventories 3.9M --
S & P 500 1263.04 +5.96 US Consumer Credit m/m 7.0B 7.4B --
FTSE 5568.72 +0.76 8/12 JPN Core Machinery Orders m/m 0.8% -8.2% --
SHICOM 2325.91 -7.32 JPN Bank Lending y/y 0.0% --
KOSPI 19023.82 -20.08 JPN Economic Watcher Sentiment 47.1 45.9 --
IHSG 3740.15 -40.64 US Unemployment Claims 397K 402K --
EUR 1.3391 -0.0010 US Whole Sales Inventories m/m 0.4% 0.1% --
JPY 77.8145 -0.0063 US Natural Gas Storage -1B --
RP 9036.25 -1.2500 9/12 JPN BSI Manufacturing PMI 11.4 10.3 --
YUAN 6.3648 +0.0009 JPN Final GDP q/q 1.2% 1. --
NYMEX OIL 100.97 -0,02 --

Hello dear doney

I really like your your posts and assumption,you really close everday's market and you show us the real picture,but can post aslso at which rate you buy and sell and trade other things before you do it,so its also helpful for me and others,hope you agree with me and see some posts about it,waiting for your quick and kind reply.

Thanks
Picklu007

sorry for late news daily
i hope next time will be on time
just need your thumbs if you like my post .

9 DESEMBER 2011

1700.00 – 1730.00
Support Resistance
1 1680.00 1740.00
2 1650.00 1760.00

INDICATOR VALUE
STOCH (14) ↓ 60.90
RSI (14) ↓ 46.22
MACD (9) ↓ 0.33
PAR SAR (9) ↑ 1673.53
EMA (20) ↓ 1725.53
EMA (50) ↓ 1720.99

-------S2 S1 Pivot Point R1 R2-------------
1670.45 1689.40 1722.85 1741.80 1775.25

today gold steady to up 60% but fundamental still positive correction for gold


NEWS

Sell Gold NY: Best Way to Get Desired Money in an Easy Approach. - Silicon India, Dec 9 2011 12:33AM Gold Is Still Good - Article Dashboard.com, Dec 8 2011 11:22PM
China Inflation Cools to 4.2%, Slowest Pace in 14 Months - Bloomberg, Dec 8 2011 10:04PM

* Positive momentum does look weak, characterized by
elimination of the gain is achieved in two consecutive periods.
However, this condition is not sufficient to provide
picture of a bearish signal, because gold still has the support
important that once used as a reference level of 1700 points
(Usd / ozt).
* If no penetration occurred in 1700, it can be assumed
gold prices still have a chance to continue relinya, target
The minimum allowed is 23.6% Fibonacci retracement scale
or the trendline 1. Correction session yesterday in the category of reasonable possibility
given the demonstrated stagnation since the beginning of this week.


review


Gold fell about 2 percent
on Thursday, the biggest one-day decline in almost three weeks
Finally, after the European Central Bank dashed hopes of a step
A more dramatic against the debt crisis.
Gold initially rose 1 percent after the ECB cut interest
interest and said it will offer to banks for
long-term financing. However, the rally quickly fizzled out after
Mario Draghi, President of the ECB dashed hopes that the central bank
will not increase bond purchases.
"If the ECB can not figure out a way to provide liquidity,
It will create deflation fears. If deflation continues to run,
gold is not an attractive asset, "said Jeffrey Sherman,
portfolio manager of the commodity-based DoubleLine Capital
in Los Angeles with assets worth $ 20 billion.
Bullion investors now will continue to monitor the EU summit
Friday, aiming to achieve a comprehensive solution
about the debt crisis in the region, which threatens a decrease
credit ratings in the core economies, Germany and France.
Spot gold fell 1.9 percent to $ 1,707.69 an ounce on
three o'clock local time, which is a decrease in daily
the most since Nov. 21. Spot silver fell 2.9 percent at $
31.55 per ounce.
Also weighed on gold is the decline of the S & P 500 index
that nearly 2 percent. Metals, a safe haven
Traditionally during economic uncertainty, recently followed
traces of equity markets.
U.S. gold futures for February delivery fell $ 31.40
to settle at $ 1,713.40 per ounce.
The ECB announced cuts of 25-base-point for
expected to bring its benchmark rate to a record low 1
percent, but Draghi said the decision was not unanimous
on whether there will be cutting back or not.
On the graph, the next technical support will be on 50-day MA
moving at $ 1,707 per ounce, which was tested in
intraday on Thursday.
"Many people will buy gold when the price drops around
50-day MA. But if sales exceed those levels, then we
could see another round of sales, "said Schoenstein.
Although gold prices have struggled to make progress
This week, ETF holdings of the metal are near record
highest and reflects a sharp increase in the option
desire to hold gold in the present.
important that once used as a reference level of 1700 points
(Usd / ozt).
* If no penetration occurred in 1700, it can be assumed
gold prices still have a chance to continue relinya, target
The minimum allowed is 23.6% Fibonacci retracement scale
or the trendline 1. Correction session yesterday in the category of reasonable possibility
given the demonstrated stagnation since the beginning of this week.

range
1 1680.00 1740.00 target 1
2 1650.00 1760.00
INDICATOR VALUE
Stoch (14) ↓ 56.33
RSI (14) ↑ 47.47
MACD (9) ↓ -0.45
PAR SAR (9) 1675.41 ↑
EMA (20) 1717.65 ↑
EMA (50) 1724.63 ↓

* Gold show the pattern of consolidation, the increase shown
at 2 weeks before re-suspended in the area of ​​the 1750s and now
turned close to the level of 1700. The range of movement of gold in a week
this possibility on a scale of 23.6% to 38.2% Fibonacci retracement
or the channel line-up pattern (trendline formed from 1 and 2).
* From the trend of both medium and long-term, gold is still in
bulllish conditions. It is based on the existence of the price in 1600 for 4
consecutive month, which is still in the area of recordbreaking
to record all-time high. Gold needs to watch out if
corrected under the 1600 or even through 1500 (decrease
extreme), because it can reverse the trend becomes bearish.



------ S2 S1 Pivot Point R1 R2
1691.96 1700.92 1712.46 1721.42 1732.96

news
Bullion dominates futures market, agriculture at 10% - Times of India, Dec 11 2011 5:13PM
Gold Prices Rise as Europe Delivers a Plan - The Street, Dec 9 2011 3:40PM

[IMG]file:///C:/Users/Asus/AppData/Local/Temp/moz-screenshot.png[/IMG]14 desember 2011 daily gold support Resistance
1 1620.00 1700.00 target range support
2 1600.00 1730.00
INDICATOR VALUE
Stoch (14) ↓ 17:40
RSI (14) ↓ 33.32
MACD (9) -10.92 ↓
PAR SAR (9) 1760.89 ↓
EMA (20) 1710.22 ↓
EMA (50) 1715.01 ↓
* In the end, the correction continued yesterday and even managed to test
trendline support 2 which become important to consider.
In the event of subsequent corrections can be estimated then the bearish signal
for short-term will be stronger. This means that until the end
This week gold prices likely to consolidate in the range of 38.2%
up to 50.0% Fibonacci retracement (1686.42-1613.98) as in
period until the end of September into October period.
* Despite the rebound, estimated to be only technical and
relatively limited, with resistance at 1700. Meanwhile, the critical point price
gold on the trendline 3 in the area of ​​1550s levels, as indicators
changes in the medium term trend becomes bearish.


=------- S2 S1 Pivot Point--- R1 R2
1587.70 1609.50 1643.80 1665.55 1699.90

if today gold can't stay in above 1643 i assume will be down again to S1 target.

sory for daily yesterday not post 13 des 2011. because i'm very busy with client https://www.kitcomm.com/images/smilies/smile.gif. but i just post for this week on 12 desember 2011 gold will be down deep. 53% down with 43% up