Gold trading strategies of some trusted institutions - December 20, 2013

Gold opened the U.S. session last night dropped to 1205.50 after the FOMC meeting , the Fed announced it would reduce bond purchase program to $ 75 billion . The metal is carried to its highest level in 1209 when the unemployment rate increases , and then the price fell to its lowest level in 1193 due to the strong dollar and global equities green points.

KITCO - gold day trading strategy 20/12 Modest increases the Asian session Walking to the mitigation of Europe Reducing the U.S. session The trading range : 1197-1182 Trading strategy : Sell ​​in 1197 , Stop loss 1202 target 1182 expectations .

Forex Yard - Gold Trading Strategy Day 20/12

Pivot : 1227

Key Strategy : Sell below 1227 target for the 1180-1167

Secondary strategy : If break 1227 targets for 1245-1268

Commentary: The short term trend is still very strong reduction and power reduction .

The level of technical support

Resistance : 1268 -1245 - 1227

Current Price : 1192.52

Support levels: 1180 - 1167 - 1155

ScotiaMocatta - Identify trend gold price date 20/12

Gold opened the U.S. session last night dropped to 1205.50 after the FOMC meeting , the Fed announced it would reduce bond purchase program to $ 75 billion . The metal is carried to its highest level in 1209 when the unemployment rate increases , and then the price fell to its lowest level in 1193 due to the strong dollar and global equities green points. Finally , the metal closed down 1194.75 .

Thus, gold has weakened to $ 1194 yesterday . This metal has the lowest break in July in 1208 , are paving the way for prices to bottom next critical in 1181 ( bottom of 6/28 ) . Price movements are very weak with the current pressure is driven by the pressure cycle last year . We believe that new lows in 2013 will be formed at 1155 , the 61.8 % Fibo fluctuations increased from 2008 to 2011 (ie from $ 682 to $ 1,920 ) .