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Gold during this week

alexforex007
Nov 23 2015 at 02:34
774 posts
Gold may try to drop again during this week, but the 1063 level could act as a temporary support. To the upside, the 55 day exponential moving average, which is currently at the 1120 level could act as resistance in case gold retraces to the upside. But the Dollar stays strong and as long as the greenback holds on to its gains, it would be difficult for gold to rally.


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victoriajensen
Nov 28 2015 at 13:35
1117 posts
The move to the downside continues and I wouldn't be surprised if it reaches 1000.

arigoldman (arigoldman)
Nov 29 2015 at 12:09
907 posts
I'm expecting below $1,000 before New Year.

arigoldman (arigoldman)
Dec 20 2015 at 20:21
907 posts
Retraced just a bit, still in downtrend.

alexforex007
Dec 24 2015 at 01:22
774 posts
At least gold has stalled its drop and keeps consolidating. The 1098 could be its next resistance and the low at the 1046 level could still act as support.

arigoldman (arigoldman)
Dec 26 2015 at 15:51
907 posts
Interesting to see movements this week.

Wassim (Wassim)
Dec 27 2015 at 13:18
14 posts
I believe we will be seeing a big rally up in a month or two correcting the drop from 2008 or maybe even an impulse move.

As you can see on the weekly chart, we had a bearish triangle, which usually is followed by the final break down before we head up. and the drop was in a diagonal triangle this shows how weak drop is.


Wassim (Wassim)
Dec 27 2015 at 13:18
14 posts
I believe GOLD will rally up in the next month or two.

As you can see on the weekly gold chart, we had a bearish triangle which is usually followed by the last move down, and even the drop was in a diagonal triangle form.

This all show how weak the selling is for gold.

Sorry for posting twice but i forgot to attach image.

Thanks

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dianajs
Dec 29 2015 at 15:44
823 posts
That really depends on whether or not it will break below 1046.

vic84
Jan 11 2016 at 08:14
17 posts
Gold prices have been down last year, with one of the major reason is being strong USD and till now there is no sign of getting any change in situation.

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