Gold Price | Technical Analysis | 14 February 2011
Gold is currently testing the lower limit of its medium-term bullish channel at 1355 suggesting a rebound in the short term. Read more
Showing posts with label gold price february 2011. Show all posts
Showing posts with label gold price february 2011. Show all posts
Monday, February 14, 2011
Thursday, February 10, 2011
Gold Price | Technical Analysis | 10 February 2011
Gold Price | Technical Analysis | 10 February 2011
According to previous events, the market indicates a bullish opportunity on the levels of 1352 with a 1st objective of 1367, then 1372. A break in 1350 would invalidate this scenario.
more Gold Technical Analysis
The gold came to test the upper limit of its bullish channel and fell. A return on the intermediate support of this one at 1352 is feasible in the short term.
Wednesday, February 9, 2011
Gold Price | Technical Analysis | 9 February 2011
Gold Price | Technical Analysis | 9 February 2011
Gold is approaching the upper limit of its medium-term bullish channel at 1370 suggesting a decline in the short term. However a break of these levels would free up significant potential and begin a more violent upward trend . Read more
Gold is approaching the upper limit of its medium-term bullish channel at 1370 suggesting a decline in the short term. However a break of these levels would free up significant potential and begin a more violent upward trend . Read more
Tuesday, February 8, 2011
Gold Price | Technical Analysis | 8 February 2011
Gold Price | Technical Analysis | 8 February 2011
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1353 with a 1st objective of 1360, then 1365. A break in 1351 would invalidate this scenario.
more Gold Technical Analysis
Gold is approaching the upper limit of its medium-term bearish channel at 1353. A break of these levels would free up significant potential and begin an upward trend.
Monday, February 7, 2011
Gold Price | Technical Analysis | 7 February 2011
Gold Price | Technical Analysis | 7 February 2011
Gold is currently testing the horizontal support of its medium-term bullish channel at 1345 and seems to start a rebound. However a break of these levels would entail a return to the lower limit of its channel to 1325. Read more
Friday, February 4, 2011
Gold Price | Technical Analysis | 4 February 2011
Gold Price | Technical Analysis | 4 February 2011
Gold is currently testing the upper limit of its bullish channel in 1356 and seems to initiate a withdrawal. A return to the intermediate support of its channel to 1345 is feasible in the short term. Read more
Thursday, February 3, 2011
Gold Price | Technical Analysis | 3 February 2011
Gold is currently testing the upper limit of its short term bearish channel at 1335. A break of these levels would reach the upper limit of its medium-term bearish channel at 1344.
Gold Price | Morning Analysis | 3 February 2011
Gold Price | Morning Analysis | 3 February 2011
February 3, 2010 - by David Frank, Financial Analyst, Ava Fx
The commodity continues to hold above the 1,329.25 support (Dec. ’10 low) following a return above that level the past week.
Models indicate a bearish pattern possibly towards the 1,152.95 level (Jan. ’11 high).
Looking up, we have key resistance at the 1378. 80 level followed by the 1,392.25 level (Jan.’11 high). We should expect a cap at 1392.25 to turn the commodity back into a bearish model. If that should fail we might see a move up towards and testing of the 1.431.28 resistance level.
Alternatively, looking below the 1,307.60 level will turn our model bearish towards the key psychological 1,300.00 level.
We should expect this level to provide a strong support and turn the commodity back bullish on an initial test because of psychological importance. However, if it breaks lower, we should see
Gold decline further towards its long term rising trend line at 1,288.75.
The trading range for today is among the key support at 1298.00 and key resistance now at 1380.00.
Support: 1327.00, 1322.00, 1312.00, 1310.00, and 1302.00
Resistance: 1344.00, 1350.00, 1355.00, 1360.00, and 1366.00
Wednesday, February 2, 2011
Gold Price | Technical Analysis | 2 February 2011
Gold Price | Technical Analysis | 2 February 2011
According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 1342 with a 1st objective of 1353, then 1357. A break in 1340 would invalidate this scenario. Full Gold Analysis
Gold is currently testing the upper limit of its medium-term bearish channel at 1342. A break of these levels would free up significant potential and begin an upward trend.
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