US Comex Gold free trading forecast updated for 22nd September 2015, Tuesday.

US COMEX GOLD

US comex gold finding strong golden ratio and trend line resistance at current levels @ 1141.50, technical indicates as long as it holds below its resistance zone bears will be favored once it closes and holds above its resistance then further price rise can be seen in coming days.

Free intraday trading tips updated for 22nd September 2015, Tuesday.

COMEX Gold looks good above 1141.50.

Will find resistance around 1154, 1162.

S.L 1135.

US COMEX GOLD chart update - Gold witnessing strong resistance at current levels will favor bears as long as holds below 1223.

US COMEX GOLD

Chart Updated On - 03rd March 2015

Gold trading at seven week low on Greek debt deal, China holiday

Today Gold is trading around USD 1,200-an ounce, lowest in seven weeks, metal eased after a deal was struck over Greece's debt, while the absence of major consumer China also took a toll.

Eurozone finance ministers reached an agreement to extend heavily indebted Greece's financial rescue by four months, officials on both sides said.

The deal removes the immediate risk of Greece running out of money next month and possibly being forced out of the single currency area.

China is the number 2 gold consumer, which has been shut since Wednesday for the Lunar New Year holiday, removing a key support for bullion.

Suggested Reading - List of NSE Holidays.

US COMEX GOLD made a bullish breakout, further strength expecting in coming days.

US COMEX GOLD

• Gold had formed head and shoulder formation in daily chart, and it made a bullish breakout by closing above its pattern.
• Chart indicates as long as Gold holds above bulls will be favored and further price rise can be seen in coming days.
• On upper side Gold will find next strong trend line resistance around 1323 and 1345. Long term traders need to be careful around those levels. Close Watch.

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).

US GOLD

• 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.
• Also see - MCX NICKEL stuck in a range , trend will remain zig zag till it comes out.
• 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.
• Free trading tips on commodities.

US GOLD Technical Analysis Chart Trend Forecast Trading signals Graph Tips Strategies Recommendations- GOLD coming down from golden ratio resistance , buying expecting once US Gold closes above 1323. (Updated For 11th August 2014, Monday).

US GOLD

• US GOLD has formed bullish head and shoulder pattern , this indicates if Gold breaks its formation then sharp move is expecting. Once closes above 1345 bullish breakout will get triggered, close watch.
• Currently gold indicates that it is coming down from its golden ratio 61.8% fibonacci retracement resistance, as long as trades below trend for gold will not be clear , it will zig zag. But once gold closes and stays above 1323 its golden ratio resistance then trend looking bullish for next 1-2 trading days.
• Intraday close watch once gold starts trading above 1323, if stays above with volumes then intraday action is expecting in US Gold.
• Suggested Reading - MCX GOLD Is also facing strong resistance at current levels.
• Daily chart also indicates stock has also formed Triangle formation , this indicates if Gold breaks its formation on any side and comes out then sharp move is expecting as shown in graph no 3. Close Watch.
• Click here to see all the forecast (trading strategy) published by us on US GOLD.
• Tips On Commodities

US GOLD (COMEX) Trading Tips - GOLD facing strong support at current levels, can see some bull action as per Technical analysis point of view. (Updated On 17th July 2014, Thursday).

COMEX - GOLD

• COMEX GOLD facing strong 50% fibonacci retracement and 50 days moving average support at current levels , technical chart indicates gold looking bullish as long as holds above 1291.
• If gold fails to take this support and closes below 1291 then can see further selling and gold will find next strong support around 1280, 1260 & 1240.
• Daily chart also indicates gold is the process of forming Triangle formation, which indicates once gold comes out from its formation on either side then will give sharp move. Close Watch.

Tips On Gold - US Gold facing strong resistance at current levels, trend not clear. (Updated on 09th July 2014 , Wednesday).

• US GOLD facing strong trend line resistance in daily chart between 1320 -1331, Gold will favor bulls once it closes above its trend line resistance till then trend is not clear and can see selling from resistance.
• (Short term trend) - Weekly chart indicates short term trend is not clear upper side will face resistance around 1370, 1395 & 1440. On down side will find support around 1180.
• (Long term trend) - Monthly chart indicates stock to favor bulls once stock starts trading above 20 months moving average. Till then will favor bears.

US GOLD has formed descending triangle formation. Dated:16th May 2014 (Friday).

• US GOLD has formed descending triangle formation, once breaks its triangle on down side will favor bears.
• Stock also trading below 50 days moving average, so far will favor bears, Gold must starts trading above 50 days moving average to give some bullish signals.
• Stock also coming down from 2nd fibonacci retracement levels indicates bears are active.
• Visit link for list of nse holiday for year 2014.