daily gold forecast

Gold forecast 19th july 2012… gold levels are not changed much as gold trading flat at 1577$ a good support at 1562$ if this click and gold remain below this level than gold price can hit till 1555-1547 and more.

a good resistance now at 1584$ if this click and gold remain above this resistance than it can hit till 1590-1600$
 
Gold is trading higher 1623$ now a good resistance in gold price for today at 1628-30 range if this click and gold price manage to remain above this level then we can see fireworks till 1637-1644

a good support in gold price no at 1614$ if this click and gold manage to remain below this level then we can see gold dropping till 1607-1600$ and below 1600$ even more.

Bias: Rangebound.. Above resistance it will fire only.. else weak
 
WATCH $GOLD - It has been moving to narrow triangle, soon nowhere to go - it must breakout ; up or down ? everyone wants to know: "Speculative long exposure by hedge funds continues to be subdued as momentum is currently nowhere to be found. No doubt they will be watching price action closely as they DO want to get involved as soon some new direction can be re-established. " - & when they jump on board - price move will be big . If drop below (check yourself) 1600 , will go down .. target about 1555 then below 1500.
 
current price is 1606, I think it'll be drop, but not as you mentioned, to 1555-->1500.
The economy depression, let the gold still had strong support.
 
Hey Guys,
Got news from big players today, gold will go up to 1700! Beware! Gold is a very risky trades also very high reward trades! (y)
 
JFXTRADING said:
Hey Guys,
Got news from big players today, gold will go up to 1700! Beware! Gold is a very risky trades also very high reward trades! (y)
Click to expand...

+1. I guess lately it has gone up. This would be my first time investing. It amazes me on how it affects overall with the nations economy.

I guess I need to go back to the drawing boards.
 
westman78 said:
+1. I guess lately it has gone up. This would be my first time investing. It amazes me on how it affects overall with the nations economy.

I guess I need to go back to the drawing boards.
Click to expand...

what bit amazes you ?......Gold has been around a lot longer than any other Paper Currency in the world .........and will be long after some of them dissapear ;)

N
 
GOLD, Watch out for this news today:- will effect EUR= GOLD. The German Zentrum für Europäische Wirtschaftsforschung (ZEW) Economic Sentiment Index gauges the six-month economic outlook. A level above zero indicates optimism; below indicates pessimism. The reading is compiled from a survey of about 350 German institutional investors and analysts. A higher than expected reading should be taken as positive/bullish for the EUR, while a lower than expected reading should be taken as negative/bearish for the EUR.
 
I follow the technical analysis on the following site:

Technical analysis

Not only gold but also the technical view on oil, gas, bonds, stockmarket and the dollar.
I like gold and silver at the moment. I think the coming few months will be very interesting. i expect new highs for both metals.
 
Gold Resistance for now 1342
Gold Support for now 1327$

Currently trading at 1334$

can sell on rise with sl of 1342$

looking for 1320$ soon

BUT NO HOLDING FOR MONDAY
 
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