Daily Gold Technical Analysis

[Raam]

XAU/USD (4 Hours)

At its high around 1361.68 USD Gold turned back into the bearish trend which started last year. For the short term investors, the indicators RSI, MACD and Stochastics show up to build a bullish trend.

Please be patient and always keep a look at the greater trend which might be a bearish one.





Support & Resistance (4 Hours)

Support Levels around	Resistance Levels around
1311.18	1347.95
1291.39	1359.70
1277.44	1368.33

[GoldTrader]

GOLD

Gold traded slightly higher during Wednesday’s Asian session as traders did some bargain hunting with the yellow metal following a disappointing showing on Tuesday.

Gold were likely to find important support at USD 1,305.80 a troy ounce, the earlier low, and resistance at USD 1,322.10, Monday's high.




DAILY chart for Support - 1294.61,1300.88 and 1306.36

DAILY chart for Resistance - 1318.97,1324.01 and 1330.87.

Gold Overall trend NEUTRAL.

[David-Trader]

Gold hits 3-week lows

Metals print losses after mixed results were released today and speculations about a potential reduction of the bond-buying program spread across the markets.

Metals Overview:

Gold drifts away from the $1,300 zone and trades at $1,265.20 printing lows at $1,260.50 and highs at $1,285.40 for a total retracement of 1.24%.

Silver is 2.82% down and registers lows at $20.56 with highs at $21.36 to now trade at $20.68.

Platinum is 0.04% up, the only winner so far, and trades at $1,433 registering lows at $1,430.70 and highs at $1,444.50.

Copper is 1.17% down and trades at $3.2220 registering lows at $3.2110 with highs at $3.2580.

Here below the weekly chart of the Gold:



The Overall trend for gold is still looking week only.

[Raam]

METALS:

GOLD

December gold futures closed down $8.10 an ounce at $1,273.10. Prices closed near the session low today and hit a fresh four-week low. A lack of bullish fundamental news continues to limit buying interest in gold.

The gold market bears have the near-term technically.

IMPORTANT SUPPORT IS AT - 1260.74
IMPORTANT RESISTANCE IS AT - 1302.80

SILVER

December silver futures closed down $0.512 an ounce at $20.77. Prices closed near the session low and hit a fresh four- week low today.

Silver bears have the overall near- term technically


IMPORTANT SUPPORT IS AT - 20.425
IMPORTANT RESISTANCE IS AT - 21.278.

Currently The Overall Metals looking bearish.

[Raam]

GOLD has yet to confirm the drop below October's low in Silver.

Silver itself is at well-defined support (Silver is on the bottom) and gold trades at trendline support.

Trading Strategy:

The combination of support in both metals,the mentioned non confirmation ,and today's inside day is enough evidence to go long against 1250.

IMPORTANT LEVELS FOR GOLD:

SUPPORT - 1234 ,1251 AND 1260.

RESISTANCE - 1280 , 1289 ,1297 AND 1301.5


IMPORTANT LEVELS FOR SILVER:

SUPPORT - 20.5 , 20.2 AND 19.8

RESISTANCE - 21.27,21.65 AND 21.9

[Jennifer]

SPDR gold trust is the world's largest gold backed exchange traded fund and its continuously loosing the gold holdings with the decrease in the gold prices. Gold is traditionally seen as a safe haven in bad times and with the recovering economy, people are more willing to take risk with equities and interest bearing products. With the people loosing interest in gold, SPDR gold trust is experiencing heavy outflows in its physical gold holdings that backs its paper gold amounting to about 450 tonnes this year.

[David-Trader]

GOLD Technical Levels - 14.01.2015

Daily
High	1244.48
Low	1227.21
Close	1230.48
R3	1258.18
R2	1251.33
R1	1240.91
Pivot	1234.06
S1	1223.64
S2	1216.79
S3	1206.37

[David-Trader]

GOLD Technical Levels - 15.01.2015

Daily
High	1244.66
Low	1224.98
Close	1228.49
R3	1260.12
R2	1252.39
R1	1240.44
Pivot	1232.71
S1	1220.76
S2	1213.03
S3	1201.08

[forexlive]

oo good sir its very useful for me cuz gold move very fast its movement very fast all the time with the help of technical analysis we are improve the trading

[David-Trader]

Thank you for your comments.