Daily GOLD

POJOK ANALISA
ULASAN
Short Medium Long
Bearish Bullish Bullish

RANGE 1660.00 – 1690.00
Level Support Resistance

1 1640.00 1700.00
2 1620.00 1720.00

INDICATOR VALUE
STOCH (14) ↓
RSI (14) ↓
MACD (9) ↓
PAR SAR (9) ↑
EMA (20) ↓
EMA (50) ↓

---------------S2 S1 Pivot Point R1 R2----------------
1636.00 1655.00 1682.00 1701.00 1728.00

1670.00 – 1700.00
Level Support Resistance
1 1660.00 1720.00
2 1640.00 1750.00
INDICATOR VALUE
STOCH (14) ↓ 13.47
RSI (14) ↑ 42.22
MACD (9) ↓ -1.72
PAR SAR (9) ↓ 1782.50
EMA (20) ↓ 1707.97
EMA (50) ↓ 1708.89

S2 S1 Pivot Point R1 R2
1664.87 1675.13 1681.67 1691.93 1698.47

hy donny!

is this a pullbck,or Gold go up?

steve

Gold continued its gains after the reflection potential
(rebound) on a scale of 38.2% Fibonacci retracement (1674.4). however
category is expected to increase relatively restrained in
resistant 1710's, is based on the patterns that occur in
mid-November last year. And will have
swing (rebound back) after the test in 1680-an who then rallied to
1760's level.
* Target the rally in question (1760's) of course will depend
resistant to penetration forces which exist as 50.0% Fib. Retrc.
(1721.50). Fibonacci Retrc. withdrawn from 1522 to 1920.95.

12-03-2012 daily gold donny 1986
REVIEWS
Short Medium Long
Neutral Bullish Bullish
RANGE 1680.00 - 1720.00 TARGET1

Resistance Level Support
1 1660.00 1740.00 TARGET 2
2 1640.00 1760.00

INDICATOR VALUE
Stoch (14) ↑ 26.94 UP
RSI (14) ↑ 49.16 UP
MACD (9) -2.99 ↑ UP
PAR SAR (9) 1772.33 ↓
EMA (20) 1731.07 ↓
EMA (50) 1729.44 ↓

* The need to understand is that gold has always had the character
the power to turn things around even had time to test support
The closest is the 38.2% Fibonacci retracement scale drawn
from 1522 up to the highest level the period September 2011 at 1920.95.
So it is mensugestikan that gold still has a
positive trend which tends to be strong.
* If you notice the illustration below: 1) Arrow up, giving
image resistant forces which held the gold in the area
1790-1800's. 2) Arrow down, describing the support that
expected to restrain the rate of correction. Target increase to 1760-an

S2 S1Pivot Point R1 R2
1663.23 1688.41 1701.68 1726.86 1740.13

GOLD WILL BE UP WITH CAUTION MARKET

tips
buy new 1700-1702 target 1- 25 point
buy new 1710-1714 target 1- 6 point
sell new 1726 target 1-3 point
buy new 1722 target 1-3 point
buy new 1729- 1732 target 1-6 point
sell new 1740 target 1- 5 point
buy new 1688 target 1-35 point


WARNING ALL TIPS MUST SEE CHANDELS AND NEWS UPDATE

NEWS

Jobs data, gold price lift oils gain
New York, Reuters 09/03/12 - Gold rebounded in heavy
session trade on Friday, reversing a sharp decline due to early
positive response from strengthening gold price of crude oil and
U.S. equities after U.S. nonfarm payrolls report
encouraging.
Gold, who has followed the more risky assets, crawl
rose because the dollar rally and the reduction of monetary stimulus hopes
Further figures from the Federal Reserve after jobs grow
vigorously for one month in a row.
Analysts said the price of gold has been calculated
in the economic recovery that reduces the need for
monetary easing. Gold recorded a 5-percent Wednesday
after Fed Chairman Ben Bernanke gave no signal easing
more information.
Also raised the gold was the victory of Greece
in winning a bond swap offer to the
private lenders. It also received technical support from the moving
200-day average.
"Despite the sharp weakening in the beginning of quite severe, we
have seen a decent buying activity began to appear, and
rise in oil prices also helped, "said James Steel, chief
commodities analyst at HSBC.
"Gold is showing a lot of resistance and may recover
because the market demand in developing countries
gradually reviving, "said Steel.
Spot gold rose 0.5 percent today to a position of $ 1,708.29 per
ounce by 11:34 ET (16:34 GMT), after falling to its lowest level
$ 1,677.34.
Gold ended flat for the week, due to the strengthening of the
Friday's session has been largely erased early weakness this week.
U.S. gold futures for April delivery rose $ 10.40 to
$ 1,709.10 per ounce.
Spot silver rose 0.9 percent to $ 34.14 per ounce at
11:34 am EST (16:34 GMT)

Gold futures join commodities rally - MarketWatch, Mar 9 2012 4:28PM
Chinese, Indians drive Gold demand - Zawya.com, Mar 11 2012 3:18AM

Short Medium Long
Neutral Bullish Bullish
RANGE 1670.00 - 1710.00
Resistance Level Support
1 1660.00 1720.00
2 1640.00 1740.00
INDICATOR VALUE
Stoch (14) ↑ 28.50
RSI (14) ↓ 48.98
MACD (9) -2.90 ↑
PAR SAR (9) 1777.72 ↓
EMA (20) 1718.82 ↓
EMA (50) 1707.89 ↓
* It is estimated there has been no change in outlook in this session. chance
rates relative to the positive power is still open. It is based
in gold characters who are often able to turn things around
(turning bullish), especially for medium and long term.
While in the short term, can refer to rebound
occurred in mid-November last year.
* Note the illustration below: 1) The arrows above illustrate
resistant to the area where the gold held in 1790-1800's. 2)
Down arrow describes the support that is expected to
restrain the rate of correction. Correction tolerance is expected to remain in 1680.

-----------S2 S1 Pivot Point R1 R2-------------
1680.03 1690.07 1702.13 1712.17 1724.23
U.S. Feb. budget deficit $231.7 billion: Treasury - MarketWatch, Mar 12 2012 2:13PM
.Fed to Test 19 Banks’ Capital Against Recession Scenario - Bloomberg, Mar 12 2012 6:31PM

Level 1700 re-tested, having failed to stay on top of the achievement
The highest previous period in 1710-an area. Thus, the
38.2% Fibonacci retracement scale (1674.4) will be the support
a return to the attention, because at this level appears
such rebound that occurred in mid-November, or
even confirm the price weakness as seen in
mid-December.
* Confirm the intended correction can be realized if it is marked
with the formation of a long black candle (penetration).
However, on the other hand to consolidate gold interchangeable between 1650 - 1720's.

lets see FED this day !!!!! 10am )

* Due to the scale of 61.8% Fibonacci retracement (1674.4), which became
significant support has been penetrated by strong (forming a pattern
black candle), then as in the previous outlook of exposure
confirm that the indication was generally weaker
stronger gold as it did in the mid
December (note the circle).
* Hope emergence of rebound remain, but the possibility
relative will be minimal, based on a negative signal on the description
over. Support is expected to be closest
The next is the 1630's, the minimum until the end of this week target 1600 open.

s2 s1 Pivot Point r1 r2
1605.45 1624.50 1653.40 1672.45 1701.35

Short Medium Long
Neutral Bullish Bearish
RANGE 1630.00 - 1650.00
Resistance Level Support

1 1620.00 1660.00 TARGET
2 1600.00 1680.00
INDICATOR VALUE
Stoch (14) ↑ 12:12 UPPPP
RSI (14) ↑ 40.06 UPP
MACD (9) -14.37 ↓
PAR SAR (9) 1738.63 ↓
EMA (20) 1693.92 ↓
EMA (50) 1715.06 ↓
* If observed from the last closure, gold has been noted 4 weeks
respectively, thereby triggering a technical overview of
potential for further decline. In addition, a significant correction
at the beginning of last week has turned into a short-term trends
bearish because the gold penetrate the vital support the scale of 61.8%
Fibonacci retracement (0:1920.95-100:1522) at the level of 1674.40)
* There will be hope of recovery if the scale is the emergence of
again exceeded the minimum target earlier this week. if
no, did not rule on the picture will
realized. The next support level possible in the 1610's.

S2 S1Pivot Point R1 R2
1629.03 1644.06 1654.43 1669.46 1679.83

GOLD WILL BE UP SLOW

TIPS
BUY NEW1654-55 TARGET 1-7 POINT
BUYNEW 1658-1660 TARGET 1- 3 POINT
SELL NEW 1669 TARGET 1-3 POINT
SELL NEWS 1679 TARGET 1- 6 POINTS
BUY NEW 1644 TARGET 1- 15 POINT

WARNING SEE CAHANDELS AND NEWS UPDATE FOR TIPS
NEWS

Gold ended flat, down 3 percent in a week
New York, Reuters 16/03/12 - Most of the gold is not
change (flat) on Friday, but posted a weekly
The second largest decline this year due to the early weeks post
Federal Reserve to hold an additional easing in the middle
a series of U.S. economic data improved.
Gold fell 1 percent at the beginning of the session after a consumer of gold
Top India said it would double the cost of gold imports.
Oil rally, weak dollar and rising U.S. consumer prices
in February, prompting investors to close positions gold
they are short of earlier this week.
Some funds may have come out of gold trading
after the stock index S & P 500 (SPX) this week reached 1,400 for
first time in four years after the strong employment figures and
U.S. manufacturing data confirm a good step in the
economic recovery.
3 percent decline in gold prices this week to remove the gain
in January based on expectations of further monetary easing U.S..
The Fed hinted a few clues this week on the action
further after they said at the end of January will
keep interest rates near zero for several years
in the future.
With gold currently trading under the technical
support the long term, gold could continue pelemahannya in
short term before recovering, analysts said.
"Any retracement in a bullish trend (since 2001) has
managed to find the level closest to the 55-week average, "said
Tom Fitzpatrick, analyst at CitiFX, tehcnical research unit of Citigroup.
In the next few weeks, gold could test the level
low at $ 1,580 per ounce, which could be the foundation for
strengthened, Fitzpatrick said.
Spot gold dropped 0.1 percent at $ 1,656.54 per ounce in
2:53 EDT (18:53 GMT).
U.S. April gold futures closed down $ 3.70 at $ 1,657.50 per
ons. Volume largely in line with the average 30-day but
lower than the previous session, data Prelim Reuters showed.
U.S. inflation data for February showed consumer prices
The highest rise in 10 months due to soaring gasoline costs, but there
little sign that inflation pressures are rising.
Also the burden of gold this week is an increase in yield
U.S. Treasury 10-year tenor, is a short-term reference
U.S. interest rates, which topped the 2.3 percent increase
Their biggest single week since early July 2011.

Gold’s weakness this week was largely on the back of the Federal Reserve’s monetary policy statement on Tuesday, said Arnie Waters, chairman of A.L. Waters Capital. “A somewhat more hawkish tone, along with the Fed’s decision to avoid discussion of launching a third round of quantitative easing, were the two primary drivers behind gold’s decline this week,” Waters said.
The metal is seeking some sort of direction as it is torn between how investors envision its role, he added. “Those that see the precious metal as a safe haven against market turmoil have seen the recent pullback, in the ongoing instability in Europe, as a buying opportunity. Beyond that, others fear a general decline in asset prices, should the debt crisis deteriorate further in Europe. The likelihood of a dollar rally in such an event would also be a drag on gold,” he said.
The dollar rallied this week, adding to gold’s pressure. Because gold is dollar-denominated, normally the metal and the greenback will move in opposite directions of each other.
Analysts at BNP Paribas said the strength in the dollar comes from thoughts U.S.
economic growth is improving after strong payrolls and retail sales reports for February. The economic data has market participants “doubting whether the Fed would even maintain its commitment to zero rates through to 2014 let alone consider additional easing,” they said.
Gold was trading over $1,700 earlier this year on hopes of more quantitative easing, but has been removing that price premium as traders’ doubts of more stimulus increase.
Where the dollar goes next week will influence gold’s price direction, said Bob Haberkorn, RJ O’Brien senior market strategist. He said he thinks that the greenback might be due for a pullback after this week’s strength and that could be supportive for the metal.
“The dollar is getting a little high here. Europe is so far on the backburner,” he said, regarding the economic problems over there.
BNP Paribas suggested to watch speeches next week from Fed Chairman Ben Bernanke, New York Fed President William Dudley and Chicago Fed President Charles Evans who are “all among the more dovish camp,” for possible dollar impact. “However, unless we get a much stronger signal from the Fed that further easing may be needed, the dollar is likely to trade firmer on any further strong U.S. data – in particular labor market figures,” they said.
PHYSICAL DEMAND SLUGGISH
Several market watchers have pointed out in the past few weeks a general disinterest in physical buying of gold and that trend appears to be continuing. Analysts at Barclays Capital said it’s only when prices experience a sharp pullback does physical buying, particularly in Asia, reappear.
“Volume traded on the Shanghai Gold Exchange rose to its highest since the return of buyers in China following the Lunar New Year but still broadly remain below pre-holiday levels. Steadfast physical demand is missing, creating a vulnerable floor for gold prices,” they said.
The lack of physical interest compounded news overnight that India is increasing the tax on gold imports. Haberkorn said that information caused gold prices to start lower in the North American session Friday, which it was never able to shake for the rest of the day.
According to Bloomberg News, India’s government will tax gold bars and coins and platinum at 4%, starting April 1, up from 2% set in January. There was no change in the tax on silver. Along with China, India is one of the top two consumers of gold bullion.
Technical analysts are among those that see gold perhaps trying to probe a little more weakness next week, with $1,600 not unlikely. “The market has a little more room to go down before seeing a trend change. A test of technical support between $1,628 and $1,614 could occur early in the week leading to renewed buying interest,” said Darin Newsom, Telvent DTN senior analyst.

Gold rose in
session on Monday after last week's sharp decline, with some
a sign that investors were encouraged by the central bank has bought
precious metals at a relatively lower level, but technical factors
mensugestikan prices could fall further.
Gold followed gains in U.S. equities, the euro strengthened and
increased investor appetite in all markets, after strong figures
employment and manufacturing data in the U.S..
3 percent decline in gold last week to remove the gain on
January based on expectations of further monetary easing in the U.S.
Furthermore, because the Federal Reserve gave few clues about
further action.
Purchase of a put option to protect against the risk
decline in gold could continue to give suggestions
decline leads to $ 1,600 per ounce, and chart patterns "death
cross "bearish recently also showed weakness, says the
trader.
"At this point, gold is just consolidating decline barubaru
moving average is below the 50 - and 200-day, "said Adam
Sarhan, CEO of Financial Sarhan.
"If the support at $ 1,630 per ounce - which is where the gold at last
that level for three consecutive weeks - permeable,
one can predict the weakness will continue, "said
Sarhan.
Spot gold rose 0.6 percent today at $ 1,662.66 per ounce
at 3:09 ET. Price declines by 3 percent last week
is the second largest weekly decline in 2012.
Gold is forming a pattern of "death cross" on the weekly chart,
because the moving average (MA) 10-week (50-day) has fallen below the MA
50 weeks (200 days), which usually indicates a downward pressure
can continue, says Sarhan.
Decline in recent years has encouraged investors to
buying the put strike price under the contract while a long position
their futures to protect against downside risks, said
Jonathan Jossen, independent COMEX gold options.
The improvement in 3 weeks U.S. data has made investors more
confident about the economy and less eager to
hold gold as insurance against another slowdown.
Drastic increase in the 10-year Treasury yield resulted in the U.S.
has weighed on gold.


Gold has not responded despite a significant
experienced technical rebound after his fall last weekend.
Minimum resistance to be tested is 1674.40, for
detecting early signals whether the recovery will continue.
But if the session has not shown signs of positive
Significantly, a strong possibility of gold trying to level the test more
down again.
* On the other hand, the existence of a price below the 50.0% Fibonacci scale
Retracement remain skeptical, given the pattern of this decline
occurred in mid-December last year


what do you think ??

Short Medium Long
Neutral Bullish Bearish
RANGE 1630.00 - 1670.00
Resistance Level Support

1 1620.00 1680.00
2 1600.00 1700.00

INDICATOR VALUE
Stoch (14) ↑ 17:06
RSI (14) ↓ 38.70
MACD (9) -16.44 ↓
PAR SAR (9) 1723.08 ↓
EMA (20) 1689.96 ↓
EMA (50) 1696.85 ↓


* Expectations that the potential for gold to test the level again
expected to be realized in today's session, as the exposure
outlook yesterday. It is based on the phase of a significant decrease
technical rebound last week and just generally be
negative suggestion. Thus, support
Closest to be tested is the low level at 1633.90.
* And also, the existence of a price below the 50.0% Fibonacci scale
Retracement (1721.50) should be wary, given the pattern of this
decline that occurred in mid-December last year (the
circles) are finally able to break-out 1600.


----------S2 S1 Pivot Point R1 R2
1628.90 1639.19 1651.95 1662.24 1674.99

gold will be down side area today

do you want to tips position ?? PM


Gold fell on Tuesday,
end the three-day winning streak in the middle of the action nevertheless
due to lower crude oil prices and equity markets
AS well as a spate of positive economic data from the U.S. are eroded
expectations of further monetary easing.
Spot gold at 0:18 PM minimize losses to $
1652.21 per ounce from $ 1660.40 position Monday night, after
slumped nearly 3 per cent so far this month.
COMEX gold contract in April down $ 20.1, or 1.2 percent
the position of $ 1647.1 per ounce.
Yellow metal, which has followed the movement of risky assets
such as stocks, also fell after U.S. housing data release reports
disappointing.
Adding to the negative mood of investors in gold is
sharp increase in the benchmark U.S. Treasury yields 10-year tenor,
which has risen more than a third of a percentage point in time
less than a week. Either securities or gold usually
tend to sell when the economy improves, said
traders.
The correlation between the gold with Treasuries has been reversed in
last week, which means that gold prices are now more likely
Treasury prices moved in line with rather than against them.
The dollar strengthened against the euro and the yen in trade
quiet, while the Australian dollar fell to the instructions that the bank
The central is still has more room for
and easing concerns about China's growth.
Physical and investment demand has also pressured the quiet
metals, such as strikes in the jewelry industry in India which has been
entered the fourth day. Those opposed to the sharp rise in
bullion imports.
Further gold losses triggered by a decrease in ownership
gold in the ETP (Exchange Traded Product) in the world are experiencing
biggest one-day fall in two months on the day
Tuesday, falling more than 56,000 ounces to 70 843 million ounces.
Gold decline of three percent in the past week has been
clear advantage dimenang in January in the middle
expectations of further monetary easing U.S.. On Tuesday, a
top Fed officials said that the U.S. central bank has not
decide whether to start the third round of easing
quantitative (QE3) or not

1620.00 - 1650.00 today
Resistance Level Support

1 1600.00 1660.00
2 1580.00 1680.00

INDICATOR VALUE down
Stoch (14) ↓ 17:15
RSI (14) ↓ 37.46
MACD (9) -18.31 ↓
PAR SAR (9) 1709.40 ↓
EMA (20) 1682.06 ↓
EMA (50) 1692.97 ↓

* As mentioned in the previous outlook that gold
still tends to weaken, it has been realized in the last session, and
even now through the support is important to note
namely 1633.90, its lowest level last week. Thus, it
the correction is further confirmed. while
expectations for an opportunity gain the possibility of delayed due to pricing
further away from the scale of 61.8% Fib. Retrc. (1674.40).
* Note the movement that occurred in mid-December (the
circle), which eventually fell to the level beyond 1600, there
the possibility of gold will move with the same pattern

----S2 S1 Pivot Point R1 R2
1614,33 1628,87 1642,73 1657,27 1671,13

gold is small rebound and will be down side area

if stay in area 1651 signal up R1
if stay in area 1634 signal down S1 and S2

Tips
sell new 1643 target 1-2 point
sell new 1649 target 1-9 point
buy new 1636-37 target 1- 3 point
sell new 1657 target 1- 30 point

WARNING TIPS MUST SEE CHANDEL AND NEWS UPDATE THANKS

[/center]

RANGE 1640.00 - 1660.00
Resistance Level Support
1 1620.00 1680.00
2 1600.00 1700.00
INDICATOR VALUE
Stoch (14) ↑ 24.45
RSI (14) ↑ 43.08
MACD (9) -17.31 ↑
PAR SAR (9) 1700.81 ↓
EMA (20) 1669.26 ↓
EMA (50) 1687.81 ↓
Gold moves relatively rangebound week but still in the
correction phase, so the outlook is not expected to change weekly
significant. It means that gold still has the potential to weaken
at least until the 1600s, namely the assumed level would appear
oversold as it did in the period late September-early
October last year.
Golden opportunity to rally early this week if no break-low
return, or the minimum to 1650-an. New possibilities will be recovered if
able to penetrate the resistant scale gold 61.8% Fibonacci retracement
(1674.40), which is drawn from 1920.95 to 1522.
S2 S1Pivot Point R1 R2
1631.56 1646.48 1656.51 1671.43 1681.46

what do you think now ?? gold start it's journey to 2100 ?? as my opinion if it can break 1693 in asian then we will see at least 1715 in UK session. anyone here to support me?

if gold 1682.50 seems to be holding next 1706 and 1712 is veryhuge resistance break above that we are moving 1750
but we need signal 1686 above to 1700
and 1730 signal to 1750

if gold stay only 1700 i think will have correction again in medium term target still 1600.

RANGE 1660.00 - 1690.00
Resistance Level Support
1 1640.00 1700.00
2 1620.00 1720.00
INDICATOR VALUE
Stoch (14) ↑ 57.93
RSI (14) ↓ 44.18
MACD (9) -12.50 ↑
PAR SAR (9) 1629.58 ↓
EMA (20) 1679.40 ↓
EMA (50) 1690.20 ↓

1700 resistance level still failed to penetrate, which had previously been
reference signal the emergence of the rally continued. But now the gold price tests
scale back the 61.8% Fibonacci retracement, it may temporarily
gold is estimated to have consolidated at least until the end of the week
this. Support to be tested in a few periods ahead is
1660's.
On the other hand, the movement of the gold period of February-March 2012 is expected
follow the pattern as occurred in the period November-
December 2010, at which time gold corrected to achieve the level
1600. But of course they will be able to penetrate above 1660.
S2 S1 Pivot Point R1 R2
1637.43 1649.52 1667.03 1679.12 1696.63

1650.00 - 1680.00
Resistance Level Support
1 1640.00 1700.00
2 1620.00 1720.00
INDICATOR VALUE
Stoch (14) ↓ 46.64
RSI (14) ↑ 44.28
MACD (9) -12.26 ↑
PAR SAR (9) 1630.92 ↑
EMA (20) 1677.74 ↓
EMA (50) 1689.90 ↓
With the support passes 61.8% Fibonacci retracement in the second period
previously, may still be negative picture mensugestikan
Further to the gold in the next few periods, at least
until early next week. Meanwhile, the tolerance of the correction
estimated at 1640's level (thick horizontal line).
Note the illustration above, for the period February-March 2012, gold
also likely to match the pattern in the period November -
December 2011 which at that time had two targets, namely correction
at 1563.40 and 1522 (based on data Winquote). If the 1640 penetrated,
then the pattern is likely to be strongly defined.
s2 S1Pivot Point R1 R2
1637.65 1649.80 1657.40 1669.55 1677.15

stil have correction and rebound

gold still in down trend in weekly
i see today flat.
no take more position to buy. sell is good hehehe
wait and see today is the best to low risk.
if gold closed 1660-1663 i see some more correction next week target 1640 first if hit and break will 162x target.

but if gold stay and hit again 167x it can be 1689 signal to 1700.

Short Medium Long
Neutral Neutral Bullish
RANGE 1650.00 - 1680.00

Resistance Level Support
1 1640.00 1700.00
2 1620.00 1720.00

INDICATOR VALUE
Stoch (14) ↓ 41.78
RSI (14) ↑ 45.90
MACD (9) -11.59 ↑
PAR SAR (9) 1631.87 ↑
EMA (20) 1661.70 ↓
EMA (50) 1671.80 ↓


If the observed pattern of last week, managed to erase gains decline
achieved the previous week. Gold was almost through the support
nearest 1640, but immediately bounce (rebound)
although only technical. This condition is still considered as
not rule out going to repeat the pattern in the period
November-December last year.
Gold may be indicated strong to go up if he is able to pass
back above 61.8% Fibonacci retracement, potentially even rally if
exceed the 1697 level, the highest last week. Meanwhile, the assumption
for short-term oversold expected to remain at 1640 levels.

S2 S1Pivot Point R1 R2
1654.01 1660.72 1665.81 1667.52 1673.44

OPINI
gold will be up with correction
if gold can break 61.8% i assume will next 1686 signal and next target 1697. if gold can hit 1700 area that is signal up to next target 50% fibo next week.
but if gold just stay in only below 61.8 % gold still have correction to 1640 area , and target 162x area. however fundamental next week must need for gold up or down again.

Gold collecting support as the dollar fell to a month
against a basket of currencies, including euro, after the minister
European finance have agreed to increase the firewall's debt crisis
euro zone about 800 billion euros ($ 1.1 trillion).
The market also observed a large decrease in open interest
which just over 407 000 lots after the expiration of options. It is
lowest level since September 2000 and compares with
almost 480 000 lots at the beginning of March and the average 435000-445000
lot,
The decrease in the liquidation
following the "difficulty" rollover to the contract in June.
Market typically 5.000 to 6.000 loss on open contracts
interest with a rollover, but the level of activity is being hindered by
high-rate margin,