Gold trading strategies of some trusted institutions - December 23, 2013

The price of gold fell to $ 1,186.50 / ounce last week but was able to recover the cost of $ 1,200.00 / ounce on 6th last night .

Walking to mitigate the Asian session Increase of Europe Reducing the U.S. session The trading range : 1207 to 1192 . Trading strategy : Sales in 1205 / 07 , Stop loss 1211 target 1192 expectations . NextVIEW - Business Strategy gold , oil and the day 23/12

Kitco - Gold Trading Strategy Day 23/12

Get up to 24 hours of trend :


The price of gold fell to $ 1,186.50 / ounce last week but was able to recover the cost of $ 1,200.00 / ounce on 6th last night .

This week , your body will revolve around the price of gold on the support area $ 1,180.00 / ounce , the gold price if this support is penetrated , the next resistance level is $ 1,100.00 turn / ounce and 1,050 , 00 USD / ounce . Conversely , if the gold price remains above $ 1,200.00 / ounce , the gold price may well come back up to the level of $ 1,300.00 / ounce and $ 1,400.00 / ounce .

Forex Yard - Gold Trading Strategy Day 23/12

The level of technical support

Resistance : 1245 -1227 - 1215

Current Price : 1201.9

Support levels: 1180 - 1167 - 1155

Pivot : 1225

The main strategy :

Sell ​​below 1225 target for the 1180-1167

Secondary strategy : If break 1215 targets for 1227-1245

Verdict : If 1225 was the resistance movement was downward prices .

Daily Remarkable news - December 20, 2013 (sources: collection)

BOJ NO MONETARY POLICY CHANGE

End of regular policy meeting today , Bank of Japan ( BOJ ) is committed to maintain the asset purchase program at 60-70 trillion yen per year ( equivalent to about 700 billion dollars ) . BOJ Governor Kuroda said Japan's inflation is currently at 1% and loose monetary policy will continue to be maintained until inflation reaches 2 % target . According to Hideo Kumano , an economist at Dai- ichi Life Research Institute and a former BOJ official , the yen slid after cuts announced quantitative easing program by the Fed will support the sales tax increase Japan 's government in April next year .

However, the BOJ also said the impact of the consumption tax increase policy , the Japanese economy is expected to continue to recover at a moderate level and growth rate can be decreased after the tax increase was applied policy month of 4/2014 .

TOWARDS ESTABLISHING THE EUROPEAN UNION BANK

European leaders began a summit meeting lasts two days from yesterday (19 /12) for signing the coalition agreement the bank. It is expected that this will be a unique monitoring system for banks in the euro area and can provide financial support if needed .

Union Bank is considered necessary to restore the confidence of investors in the eurozone after that weak banks caused by the impact of the financial crisis .

WORLD GOLD PRICES DOWN THE LEAST 3 YEARS OF RELIGIOUS

Gold prices fell more than 30 USD in session yesterday and is now near its lowest level in the last 3 years shall be established in June . Experts said that this sharp decline is the result of gold from selling activities of investors after Fed QE3 announced cuts of $ 85 billion to $ 75 billion per month today 18/12 .

The gold price is currently facing pressure from all sides . Fed QE3 means cutting the amount of money pumped into the market was not as big as before , and this is a big disadvantage factor for gold . In addition, low inflation , a stronger dollar , the economic recovery and the stock market to the point that other factors caused investors no longer want to hold gold .

Today, the largest gold trust fund SPDR Gold Trust the world with a net sale of 3.9 tonnes of gold , while reducing the volume of 808.7 tons of gold holdings . From the beginning of next week now , this fund have been net sellers , with total sales up to 18.9 tonnes of gold .

Some experts said that , on the technical aspects of this sharp decline of gold is opening up opportunities for a rally . However , most analysts believe that gold prices will not have a positive outlook in the short term . With the key support level of 1.200 USD / ounce , the gold price fell further risk .

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 ) .

Gold trading strategies of some trusted institutions - December 19, 2013

Gold opened the U.S. session last night at 1233 , then dropped to the lowest level by 1228.50 U.S. government debt fell after the housing data was very positive , rising to its highest level in nearly 6 years as of May 11/2013 . However, gold prices have increased again , to 1238.50 at the highest level and stable dollar adjustment at the end of the day and closed at 1235 .

KITCO - gold day trading strategy 19/12 Sideways Asian session Modest increases of Europe Reducing the U.S. session The trading range expected : 1215-1235 Trading strategy : Sell ​​below 1235 , target 1225 and 1215 . Stop loss above 1240 . Forex Yard - Gold Trading Strategy Day 19/12 Pivot : 1250 Key Strategy : Sell below 1250 target for the 1212-1197 Secondary strategy : If break 1250 targets for 1268 -1279 Comment : The RSI is below 30 The level of technical support Resistance : 1279 - 1268 -1250 Current Price : 1218.18 Support levels: 1212 - 1197 - 1180

ScotiaMocatta - Identify trend gold price date 19/12

Gold opened the U.S. session last night at 1233 , then dropped to the lowest level by 1228.50 U.S. government debt fell after the housing data was very positive , rising to its highest level in nearly 6 years as of May 11/2013 . However, gold prices have increased again , to 1238.50 at the highest level and stable dollar adjustment at the end of the day and closed at 1235 .

Choppy trading after the Federal Reserve announced a gradual withdrawal bond purchase program to 75 trillion in January 1/2014 .

Thus, gold has closed overnight rise in 1235 , but remained in sideways range for nearly 1 month . This makes the ADX trend indicator weakened considerably , from recent highs at 43.46 to $ 31.84 now . The bearish trend continues but the momentum has weakened . Therefore, the price of gold should move down here at the bottom of nearly 1210 new trend that intensified. If gold broke above the most recent high margin in 1268 is likely to appear round some short selling ( buying drum fill ) .

Daily Remarkable news - December 19, 2013 (sources: collection)

The Fed decided to cut QE PACKAGE Ends policy meeting lasts two days 17 and 18/12 , the Fed announced cut -scale bond buying program monthly $ 10 billion from $ 85 billion currently applying to 75 billion USD. The implementation will start from January next year . Notify see , 9/10 voting members of the FOMC decision on their support . Also in the announcement , the Fed said it would keep interest rates ultra- low 0-0.25 % until the unemployment rate hit 6.5 % and inflation remains below 2.5 % . Most FOMC members expect the first rate hike visits will take place in 2015.

FOMC members predict the unemployment rate will range from 6.3 - 6.6 % at the end of 2014 and 5.8 - 6.1 % at the end of 2015 , respectively lower than the official forecast which launched in September this 6.4 - 6.8 % and 5.9 - 6.2 % . According to the Fed , the unemployment rate will drop below 6 % in 2016 .

While inflation may fluctuate in the range of 1.4 % - 1.6 % in 2014, lower than previously estimated range of the Fed 's 1.3 % - 1.8 % . In 2015, this index will be at 1.5 % - 2 % before inching up about 1.7 % - 2 % in 2016 .

GOLD PRICE REDUCED AFTER THE FED

Gold fell 1 % to $ 1.218 / ounce in trading yesterday when the Fed announced downsizing of QE3 . Experts said that the decline in gold prices limited expectations suggests QE3 Fed cut was priced in gold before . On the other hand , the $ 10 billion cut is not too big to push gold prices from falling further .

Yesterday , the largest gold trust fund SPDR Gold Trust, the world continues to add 4.2 tonnes of gold net sales , decreased volume was 812.6 tons of gold holdings . In the past three sessions , this fund net sales with total sales up to 15 tons .

After the Fed's move to cut , analysts say , the scale quantitative easing program will gradually narrow in the near future and ending in 2014 . Gold prices are expected to remain under pressure .