GOLD

[ehabelmasre]

GOLD MAY FIND BUYERS AT THE MONTHLY TREND LINE

The monthly chart suggests that Gold will see higher prices in 2015.

A wedge bull flag (3 pushes down) at the trend line (TL) is a dueling lines (DL) pattern and is a reliable setup.

The bull flag corresponds to a 61.8% pullback support level.

First target is 1433, the top of the channel in August 2013. Next is a measured move up based on the height of the buy spike that may come here.

[PCMAnalyst]

very good

[David-Trader]

Gold Futures Drop to One-Month Low

Gold futures fell to the lowest in almost a month as gains for the dollar cut demand for the precious metal as an alternative asset.
The dollar climbed to a 10-year high against a basket of 10 counterparts as traders sought safety from volatility in emerging markets. Investors favored the U.S. currency over gold as signs of a stronger American economy increase the likelihood that the Federal Reserve will raise interest rates for the first time since 2006.
Gold futures for April delivery fell 1 percent to settle at $1,219.60 an ounce on the Comex in New York, after touching a four-week low of $1,218.20.
Also on the Comex, silver futures for March delivery slid 0.7 percent to $16.761 an ounce.
Platinum dropped on the New York Mercantile Exchange, while palladium rose.

[PipSafe]

Technical analysis of Gold dated 13.02.2015

Gold was in a strong and consistent downtrend during the recent days that Sellers were successful in obtaining the lowest price of 1216.56.Price has been stopped from more descend with reaching to the specified support level (conversion level r=s) and In the range of formed bottom price there are Inverted hammer and Harami candlestick patterns that shows the possibility for formation of a successful bottom price in continuing ascending trend(need to be confirmed by a bullish candle)

As it is obvious in the picture below, between the top price of 1307.35 and bottom price of 1216.56 there is AB=CD harmonic pattern with ratios of 78.6 and 127.2 that warns the potential of ascending from the D point of this pattern.Stoch indicator is in saturation sell area and confirms the D point of this pattern by the next cycle and warns about the potential of ascending of the price during the next days.Generally until the bottom price of 1216.56 is preserved, there is a potential for ascending and price reformation in this Metal.

[HFblogNews]

Date : 16th February 2015


SEVERAL TECHNICAL FACTORS SUPPORTING GOLD.

Price corrected lower from the levels around 1280 to 1284 as per my previous analysis and has now reached a key support area (1203 – 1220). The long term weekly trend is still down but the medium term bullish channel is more relevant for the current price action. The last week’s candle has a relatively small range and the close was not that far below from the open. This is a sign of momentum slowing down. Price is at an area that resisted price moves higher in December last year (now support) and the rising trendline is getting close. In addition, the 50% Fibonacci level is right at the last week’s low. Nearest support and resistance levels are at 1222 and 1251, while the next levels are at 1203 and 1284. Fibonacci retracement levels of 50% and 61.8% coincide with the 1222 and 1203 support levels.





Gold, Daily:


The regression channel tool provides us a slightly different picture of the rising medium term trend. The move above 1284 level was an overshoot and now the price has reached the lower end of the channel. As the lower Bollinger Bands also reside at the current levels it is safe to assume that this is an important price region in technical sense. In addition the Stochastics oscillator is giving a signal that momentum is reversing while the indicator is below the oversold threshold. The nearest important support and resistance levels are the same in the daily time frame: 1222 and 1251.





Gold, 240 min:


Price followed roughly the bear trend channel I drew in my previous analysis and provided many shorting opportunities for our traders. Now that the price has reached an important support level it has reacted higher. The Stochastics is getting close to overbought area and the price is approaching both the upper Bollinger bands and a sideways move between 1233 and 1245. This should slow the price down and cause it to test the support area again.


Conclusion:


There is a very good chance that Gold has bottomed and will now create a higher low somewhere close to the current levels. There are several technical factors supporting price and the price movements since the Swiss election (rejecting the increase in country’s Gold reserves) have been pretty much what I anticipated at the time (a move higher to the upper end of the long term channel). Now price is at key support levels and at the upper end of the potential bottoming formation (between 1131 and 1222). It is likely that this will act as a zone from which the price of Gold can launch higher. This view is confirmed if we’ll now see a higher weekly low (last week’s candle hints that we might get one) close to the current levels. In fact, the whole range As I said before these are the levels where I would be interested in adding to longer term Gold positions. A lower high would be a negative and increase a risk of price moving lower.


In the short term picture, the price is at the time of writing close to a minor resistance level at which the price action should be monitored for momentum reversal signals. As the price usually never turns on a dime, it is reasonable to expect that there will be volatility or sideways move before the price of Gold can turn higher in the weekly time frame. Short term traders should take advantage of this and look for intraday momentum reversal signals (as per my teaching in the webinars) and some of those intraday positions could be turned in to swing trades as the price is at key higher timeframe support levels.


Janne Muta
Chief Market Analyst


Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.

[ALex]

Gold - 18.02.2015

Gold Lost 6-week low and immediate resistance abovea at 1212 and 1217 levels.
Downside immediate support at 1203 and 1191 levels.
Trend overall looking slightly bearish.

[GoldTrader]

Gold futures settled at their lowest level in nearly seven weeks on Wednesday.

Gold for April delivery +1.22% settled at $1,200.20 an ounce on Comex, down $8.40, or 0.7%, on Wednesday their lowest settlement since Jan. 2, based on the most-active contracts.

[HFblogNews]

Date : 19th February 2015


FED BEING PATIENT RALLIED GOLD YESTERDAY.

Long term weekly trend is down but the medium term weekly trend has turned higher. I said in my Gold analysis on January 30th: Those looking to add Gold to longer term positions might consider doing so at levels closer to 1200. Yesterday’s low was at 1197 and price rallied strongly thus supporting the analysis. This rally took place at the 61.8% Fibonacci level and very close to the rising trend line. We obviously need to see further buying to prove my case but this far trading in Gold is very much going “to the plan”. The plan being that we should see higher weekly low not far from current levels. Here’s a quote from my recent analysis: Now price is at key support levels and at the upper end of the potential bottoming formation (between 1131 and 1222). It is likely that this will act as a zone from which the price of Gold can launch higher. This view is confirmed if we’ll see a higher weekly low (last week’s candle hints that we might get one) close to the current levels.


Stochastics indicator is still in neutral territory and the nearest support and resistance levels are at 1197.2 and 1216.50 with the 50% Fibonacci level just above at 1219.7. In terms of price formations, we have additional support from the weekly pivot candle from December last year. I would like to see price creating a higher low at levels higher than the low of this pivot candle.





Gold, 240 min


In the intraday resolution the price of Gold is trending lower and is at the time of writing just below resistance level. Stochastics is overbought and price is moving sideways at 1216.50 resistance. However, there is no downside momentum at the moment which could well indicate that the market participants see downside being limited. Instead the smaller time frame charts indicate that the buyers are trying to push price higher. The latest low at 1197.20 coincides with the rising weekly trendline and therefore limits the potential in the downside. The next resistance level at approx. 1234 is fairly close to the upper Bollinger Bands and therefore a potential resistance level. We also have a bullish wedge forming in the 4h chart indicating that the sellers are losing ground while buyers are becoming stronger.


Conclusion:
Long term: Price action at the levels (that I’ve been looking at as potential turn around area) is giving early indications the idea that the price of Gold has reached an important support area. The Money Flow Index, (an indicator integrating volume into the equation) is suggesting that the turnaround is taking place and the gap opening higher in the daily chart supports the view.


Short term: In the intraday picture the price of Gold is still in a downtrend and has moved close to a resistance level. At the time of writing there is not much downside momentum, which indicates that the market participants perhaps see downside being limited. Traders should follow the 15 min and 60 min charts to see how price react to the current resistance area and trade accordingly.

Janne Muta
Chief Market Analyst

Disclaimer: Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of purchase or sale of any financial instrument.

[ehabelmasre]

very good

[forex_trader]

Very details analysis, I like the brokers that have analysis and give them free to all trader as a way to help their trader win the forex market.