Daily Remarkable news - December 18, 2013 (sources: collection)

MARKET awaiting the results of Fed meeting

Today the Federal Reserve monetary policy announcement after meeting his 2-day . This meeting of the Fed awaited by issue of concern is whether this market has cut the Fed quantitative easing program after the recent statistics show that the strong recovery of the U.S. economy especially the labor market . One of the top concerns of the Fed is to limit the volatility of the market because of its policy decisions . Therefore, the president press conference held immediately after Bernanke Fed policy statement is also seen as very important by Bernanke explains Fed's decisions as well as provide policy direction in the future this agency .

Market watchers are predicting for the scenario will happen when the Fed ended the meeting. Perspective is the most market expectations that the Fed will maintain scale asset purchase program at $ 85 billion per month but clearly notice that the cuts will begin in early 2014 , will mean take place in January or March next year . Although the U.S. economy showing strong recovery in recent times , the more likely the Fed policymakers will wait for the next data to confirm that the current recovery is not sustainable temporarily . Besides, the current inflationary pressure is not big in November when U.S. inflation was only 1.2 % , much lower than the Fed's target of 2% . If this scenario happens , the dollar will likely decline slightly .

Another scenario is more likely to happen is that the Fed will undertake QE3 cuts , however only limited reductions in levels 5-10 billion and said the Fed's actions in the future depends into the next evolution of the U.S. economy . Average employment growth across U.S. 4 months exceeded 200,000 and the unemployment rate fell to 7 % allowing downsizing Bernanke stimulus simultaneously to open the possibility to increase or decrease the size of this program in the next term of the new president Yellen . If this scenario occurs , the market is likely to witness the rise of the dollar gains however the greenback's value will not be strong .

Financial markets can be volatile if the Fed's decision making investors by surprise. If the Fed does not cut as well as conduct not provide policy direction in the coming time, the dollar will decline sharply . In this case a sharp cut stimulus program to scale up to 15-20 billion dollars , the rise of strong greenback is unavoidable .

GOLD PRICE DEPENDING ON THE FED

Gold prices continued tension in the session yesterday as investors cautiously result of Fed policy meeting published today . The forecasts of analysts still leaning ability Fed will not cut the size of the quantitative easing program at this meeting . However, gold prices could reduce pressure if Fed cuts stimulus plan at the beginning of next year . In case the Fed announced downsizing of the stimulus package , the price of gold will face the risk of falling . Besides, a number of suggestions that gold prices will not fluctuate sharply once the decision was made ​​that the Fed did not surprise the market .

Gold trading strategies of some trusted institutions - December 18, 2013

Gold fell and before the U.S. session open at 1232.50 , and then progress to the highest level in 1243 when the fault of the U.S. CPI and stock still walked the red globe . Gold retreated to its lowest level in 1228 as investors moved cautiously into the FOMC meeting . Finally , the metal closed in 1230 .

KITCO gold - trading strategy 18/12 Sideways Asian session Modest increases of Europe Reducing the U.S. session The trading range expected : 1220-1240 Trading strategy : Sell ​​below 1240 target 1225 and 1220 . Stop loss above 1245 . Forex Yard - Gold Trading Strategy Day 18/12 Pivot : 1250

Key Strategy : Sell below 1250 target for the 1223-1197

Secondary strategy : If break 1250 targets for 1268 -1279

Verdict : If you do not pass the milestone in 1250 , the risk remains high break below 1223

The level of technical support

Resistance : 1279 - 1268 -1250

Current Price : 1231

Support levels: 1223 - 1212 - 1197

ScotiaMocatta - Identify trend gold price date 18/12

Gold fell and before the U.S. session open at 1232.50 , and then progress to the highest level in 1243 when the fault of the U.S. CPI and stock still walked the red globe . Gold retreated to its lowest level in 1228 as investors moved cautiously into the FOMC meeting . Finally , the metal closed in 1230 .

Thus, gold stop at 1230 , continued to trade in sideways range . Support is at 1210 and resistance located bottom at the peak in 1268 . The bearish trend still exists , so the gold would risk retest important bottom in 1180 .

Daily Remarkable news - December 17, 2013 (sources: collection)

European single currency rose against the U.S. dollar in trading yesterday as reports showed the eurozone 's manufacturing sector continued to grow at the fastest rate in the past 31 months . PMI manufacturing of euro zone published by Markit rose from 51.6 points to 52.7 points in November , higher than the median forecast of 51.9 points and is the highest level since May 5/2011 . Germany 's manufacturing sector , a leading economic region maintain strong growth momentum with manufacturing PMI rose from 52.7 points to 54.2 points , higher than the 53.1 median forecast of analysts .

Eurozone PRODUCTION GROWTH CONTINUES

Although the service sector has slowed in December . However, the eurozone composite PMI maintained at 52.1 points , the highest since May 5/2011 .

GOLD PRICE moving sideways FED MEETING RESULTS

Gold price volatility in the trading session yesterday , but ended the day , gold prices rose only slightly over the closing price of the last trading week as investors still appeared hesitant in identifying the direction of the price gold results ahead of Fed policy meeting released tomorrow .

The recent rapid improvement in the U.S. labor market as the Fed increases the ability to decide to cut stimulus program in this session . However, most market observers expect the Fed to continue to maintain a QE3 package worth $ 85 billion per month .

Gold prices are forecast can continue walking until the Fed announcement of future quantitative easing program , factors to be considered the most important impact on the direction of gold prices in the near future.

Gold trading strategies of some trusted institutions - December 17, 2013

Gold opened the U.S. session to increase through 1237 . Then the bottom fell the day in 1234 when production data better than expected , then reversing up again to its highest level in 1252 due to weakening dollar and rising oil prices , leading up to the short-selling ( buying occupancy blank ) before Fed meeting . This metal under pressure at the end of the day and closed at 1244 .

KITCO - gold day trading strategy 17/12 Sideways Asian session Modest increases of Europe Slight increase U.S. session The trading range expected : 1235-1250 Trading strategy : Sell ​​below 1252 , target 1235 . Stop loss above 1258 . Forex Yard - Gold Trading Strategy Day 17/12 Commentary: When there is resistance , the 1250 price changes also follow a downward trend The level of technical support Resistance : 1279 - 1268 -1250 Current Price : 1241.1 Support levels: 1212 - 1197 - 1180 The main strategy : Sell ​​below 1250 target for the 1212-1197 Secondary strategy : If break 1250 targets for 1268 -1279

ScotiaMocatta - Identify trend gold price date 17/12

Gold opened the U.S. session to increase through 1237 . Then the bottom fell the day in 1234 when production data better than expected , then reversing up again to its highest level in 1252 due to weakening dollar and rising oil prices , leading up to the short-selling ( buying occupancy blank ) before Fed meeting . This metal under pressure at the end of the day and closed at 1244 .

Thus, gold rose slightly yesterday , closing at 1244 , but still within the trading band of the 5th week . The metal traded mostly sideways since 21/11 , in the range of 1210 to support the resistance in 1268 . The trend is still in a bearish trend , gradually leaving oversold .

Gold trading strategies of some trusted institutions - December 16, 2013

Sell ​​below 1240 target 1225. Stop loss above 1245.

KITCO gold-trading strategy 12/16 Get 24 to nail trend: Sideways Asian session Modest increases of Europe Reducing the U.S. session The trading range expected: 1230-1250 Trading strategy: Sell ​​below 1240 target 1225. Stop loss above 1245.

Forex Yard - Gold Trading Strategy Day 16/12

Pivot: 1250.00

Key Strategy: Sell below 1250, Target 1212-1197

Secondary strategy: Increase over 1250 calls for increased road 1268-1279

Trend: Decrease

Intraday Levels

Resistance: 1279 - 1268 - 1250

Support levels: 1212 - 1197 - 1180