Daily Remarkable news - December 11, 2013 (sources: collection)

MOVING CLOSER TO EUROPEAN UNION BANK AGREEMENT European single currency rose yesterday to the highest level in the past 6 months against the dollar as European leaders are trying to come to an agreement on the establishment of mechanisms to protect solve common economic area . At the meeting taking place in Brussels ( Belgium ) , the finance minister European Union is moving closer to the establishment of a banking union . This mechanism is designed to take on the responsibility to rescue the banking system in poor countries , one of the main causes of the financial crisis areas , by transferring the supervision of domestic financial sector it to the European level .

Meanwhile , forecasts of observers still leaning ability Fed cuts have not been quantitative easing program at its meeting next week while waiting for more bodies to confirm the trend data for U.S. economic recovery is sustainable . Reuters survey released on 9/12 showed most analysts think the Fed will delay cuts to stimulate March next year .

Gold price to the highest level within 3 weeks

Gold prices rose sharply and unexpectedly to the highest level in the past 3 weeks . Experts said that the sharp gains of gold last night as a result of international winter status of investors' short sales , technical buying and a weaker dollar . End of session 10/12 , the world gold price increased 1.7 % to $ 1.263 / ounce .

Investors shorting gold yesterday buying aggressively to realize profitability , risk hedging can occur when a meeting of Fed policy 17-18/12 day is approaching . Meanwhile , technical buying accelerated as gold to replicate the key resistance level of $ 1,250 / ounce .

Gold prices are still at risk of falling back if the Fed policymakers cut package conducting QE at its meeting next week . In contrast , precious metal prices will maintain rising momentum if the Fed's current policy is maintained for a while longer .

Gold trading strategies of some trusted institutions - December 11, 2013

Gold has moved up before the U.S. session open at 1258.50 , this is the lowest level of the day . Then mark the highest gold forward 3 weeks at 1268.50 through technical selling and buying Treasury up in front of the FOMC meeting next week .

KITCO - Gold Day Trading Strategy 11/12 Get up to 24 hours of trend : Reduce the Asian session Increase of Europe Increased the close down U.S. The trading range expected : 1252-1268 Trading strategy : Buy over 1252 , Stop loss below 1248 , expect 1268 target . Forex Yard - Gold Trading Strategy Day 11/12 The level of technical support Resistance : 1305 - 1294 - 1279 Current Price : 1263.4 Support levels: 1242 - 1226 - 1212 Pivot : 1242 The main strategy Buy the 1242 targets for 1279-1294

Secondary strategy : If price break below the 1242 target of 1226-1212

Comment : The RSI is supported by the increased sugar trenline .

ScotiaMocatta - Identify trend gold price date 11/12

scotiamocata Gold moved higher before the opening of U.S. session at 1258.50 , this is the lowest level of the day . Then mark the highest gold forward 3 weeks at 1268.50 through technical selling and buying Treasury up in front of the FOMC meeting next week . Finally , gold tapered and closed at 1262 level .

Gold has had a strong rally , breaking resistance in the stop band in 1258 to end at 1261 . This makes short -term outlook from bearish to sideways. MACD has generated a buy signal and the RSI is moving higher. Next resistance is at 1277 , according to the Fibo 61.8% rise from June to August . Support lies at recent low levels in 1210 .

Daily Remarkable news - December 10, 2013 (sources: collection)

RISK OF PROPERTY PRICES CONTINUE TO RISE The trade surplus of China in November rose to the highest level in more than four years due to increased exports beat expectations helped China maintain the momentum of economic recovery . Data from the General Administration of Customs show that the country trade surplus rose to $ 33.8 billion as exports rose 12.7 % over the same period , and imports by 5.3 % . The risk asset prices continued to rise in trading yesterday as positive signs from China along with positive U.S. data published last week and investors believe strongly in economic recovery global economy .

In this week no more important economic information is published . The market's attention directed at the Fed's meeting next week to monitor whether the agency has cut the stimulus or not .

Many analysts believe that the Fed will delay cutting program of quantitative easing in March next year for a few reasons . First, they want to make sure the growth is sustainable and not temporary . Second, inflation is still running at 1.1 % , lower than the 2 % target that the agency put out . Third, this is the end of the year and is also the end of Bernanke 's term president .

Reuters yesterday announced the survey forecast of specialists point cut by the Fed stimulus . Accordingly , only 9 out of 63 economists said the Fed will be asked to narrow the QE package at its meeting held on to 17-18/12 . 19 suggested that the Fed into action in January 1/2014 . The remainder said the Fed will delay to late March next year or more.

GOLD PRICES GOING UP WEEK SESSION

Gold prices rose in trading on Monday as investors expect the Fed not cut quantitative easing program at its meeting held on December this . According to a Reuters poll of economists published yesterday , many people predicted the Fed will cut QE3 in March next year . End of session 9/12 , the world gold price increased by 11 USD to USD 1,239.9 / ounce .

This week there is no more important economic information of the U.S. was announced , the price of gold is forecast to move sideways in the amplitude of the previous week as investors cautious ahead of Fed policy meeting held on to 17-18/12 . Although these forecasts are opinions of the ability to tilt the Fed will delay reducing stimulation until next year . However, reports last week showed a strong recovery of the U.S. labor market , therefore , does not exclude the possibility that the Fed QE package immediately cut this month .

Gold trading strategies of some trusted institutions - December 10, 2013

Gold opened at 1232.50 U.S. session last night , then fell to the lowest level at 1231.50 before climbing to the highest level in 1239 as the dollar weakened when uncertainty in phased program of bond purchases the Fed's monthly accounting advantage . Forex Yard - Gold Trading Strategy Day 10/12 The level of technical support Resistance : 1294 - 1279 - 1252 Current Price : 1239.9 Pivot : 1252

The main strategy

Sell ​​below 1252 target for the 1212-1194

Secondary strategy : If price break on 1252 targets for 1279-1294

Verdict : If price break the resistance movement in 1252 also slashed prices .

ScotiaMocatta - Identify trend gold price date 10/12

Gold opened at 1232.50 U.S. session last night , then fell to the lowest level at 1231.50 before climbing to the highest level in 1239 as the dollar weakened when uncertainty in phased program of bond purchases the Fed's monthly accounting advantage . After all , this metal selling pressure and closed in 1235 .

Thus, gold closed at stopping landmark in 1235 , this is the 2nd consecutive sessions . Resistance at 1240 , according to the Fibo 76.4 % margin in July and 8 , next resistance is 1258 , this is the highest level since the amplitude adjustment in the past few weeks . Support was lowest in 1180 .

The most recent price movements caused RSI bounced off 30th ( sometimes considered oversold ) , forward current levels 42 . However, real support for RSI is at 19.74 . MACD has generated a buy signal , though the general trend is still reduced but if break 1258 resistance , we will move to a neutral point .

Top 10 nations gold reserve

1. U.S The amount of official gold reserve: 8,133.5 tonnes The percentage of gold in total foreign exchange reserves: 75.6% 1952, the U.S. has the largest gold reserves in the world with 20,663 tonnes. For the first time this number falls below 10K is in 1968. 2. Germany The amount of official gold reserve: 3,391.3 tonnes The percentage of gold in total foreign exchange reserves: 72.7%. Germany has sold gold under CBGA1 and 2 for the purpose of casting coins. In the first year of CBGA3 (2008-2009), the Bundesbank has sold approximately 6 tonnes and 4.7 tonnes of gold sold from the date of 7/12/2011. To date, there is no change in the gold reserves of Germany, however, the Bundesbank said in January they're summoning all the physical gold in Paris and the Fed, New York.

3. Italy

The amount of official gold reserve: 2,451.8 tonnes
The percentage of gold in total foreign exchange reserves: 72.2%
Italy did not sell any gold bullion since CBGA1 to CBGA3 CBGA2 while it did not mention information related to gold. However, in 2011, it was reported that the central bank has bought gold to and improve its balance sheet before the inspection capacity.

4. France

The amount of official gold reserve: 2,435.4 tonnes
The percentage of gold in total foreign exchange reserves: 9.2%
France has sold 572 tonnes of gold in CBGA2 period, then also sold about 17 tons to the Bank for International Settlements in late 2004, part of a stock purchase BIS. France can not comment on plans to sell gold under CBGA3.

5. China

The amount of official gold reserve: 1,054.1 tonnes
The percentage of gold in total foreign exchange reserves: 1.7%

As can be seen, gold still accounts for a relatively small portion of the total U.S. $ 3.2 trillion foreign exchange reserves of China. This is a modest figure if placed next milestone an average of 10% of the world.

Building gold stocks are hot issue in the context of China's national ambitions to internationalize its currency-Financial Times said.

6. Switzerland

The amount of official gold reserve: 1,040.1 tonnes
The percentage of gold in total foreign exchange reserves: 10.5%
According to the World Gold Council, in 1997 in this draft mentioned the sale of a portion of gold in reserves because they no longer consider "the necessity of monetary policy purposes" anymore.
1,300 tons of gold is considered to be too much and the country started selling out in 5/2000. Then, 1,170 tonnes were sold under CBGA1 and 130 tons were sold during the period CBGA2. Switzerland is also not available for comment on the sale of gold in the time taken CBGA3.

7. Russia

Official gold reserves: 969.9 tonnes
The percentage of gold in total foreign exchange reserves: 9.8%

Russia has set a target of collecting gold from 2006 to diversify its foreign exchange reserves as well as its foundation for the ruble to become an international reserve currency. Last year, Russia has bought 75 tonnes, most of the gold ever mined in the country.

8. Japan

Official gold reserves: 765.2 tonnes
The percentage of gold in total foreign exchange reserves: 3.2%.
In 1960, the gold reserves of Japan with only modest little figure 6 tons. However, a sharp jump occurred in 1959 and since then, the reserves of the country are higher, typically buying tons in 2012 to 169 this year.
In 2011, Japan's central bank sold gold to collect 20 trillion yen to reassure functioning economy in the aftermath of the earthquake, tsunami and nuclear.

9. Netherlands:

Official gold reserves: 612.5 tonnes
The percentage of gold in total foreign exchange reserves: 59.2%.
In 1999, the Netherlands adopted the Treaty of central bank gold (CBGA1), which allows to sell 300 tonnes of gold within 5 years later. However, they only sold 235 tons.
Time CBGA2 (2004/2005 - '08 / '09), the Bank has sold a total of 165 tons (including 65 tons of residues from CBGA1). However, under CBGA3 (2008/2009 - '13 / '14), they will not sell a certain amount of gold.

10. India:

Official gold reserves: 557.7 tonnes
The percentage of gold in total foreign exchange reserves: 9.9%
India's central bank is said to have bought the IMF gold and gold is always considered safe investments although rarely comment on his purchase collection. Meanwhile, the government is also trying to limit people buy gold because that is the source of gold imports attack caused the national budget deficit.

Official gold reserves: 557.7 tonnes
The percentage of gold in total foreign exchange reserves: 9.9%

India's central bank is said to have bought the IMF gold and gold is always considered safe investments although rarely comment on his purchase collection. Meanwhile, the government is also trying to limit people buy gold because that is the source of gold imports attack caused the national budget deficit.