GOLD (US) Technical Analysis Chart Trend Forecast Trading signals Graph Tips Strategies Recommendations- Gold is on bear run after breaking its important support zone, currently moving in a down channel pattern, close watch will find strong support around 1240. (Updated on 11th September 2014, Thursday).


  • As per previous report published, US GOLD failed to break its resistance @ 1323, and we have witnessed sharp bear rally and Gold so far made a low around 1245. (Click here to see previous report published on US GOLD).
  • Now as chart analysis, Gold had made a bearish breakout after breaking its head and shoulders neckline , as shown in chart no1. So far bears have a grip.
  • As per graph no2, Gold had formed triangle formation in daily chart, that too got broken and now in sharp fall.
  • As per chart no3, Gold is falling in a perfect down channel, so as long as gold moving in channel formation it will be favored by bears , Gold must come out from its down pattern to show some strength , chart also indicates Gold will find strong trend line support around 1240, bull have last chance to bounce back from current levels, if failed to take this support @ 1240, and closed and stays below 1240 then further weakness is expecting for next few trading days.
    • Suggested Reading - Investing in penny stocks.
    • Intraday Tips - Close watch if gold starts trading below 1240, if holds below with volumes then intraday weakness is expecting.
  • Click here to see all the forecast (trading strategy) published by us on US GOLD.
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Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips