GOLD TREND FOR TODAY- 11-Jun-2013

Gold is bearish for medium-long term .Currently Gold is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Gold Cautious point is buying at higer levels seems decreasing. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Gold is 27531-27265-26964-26651-26615-.Resistance for the Gold is 28292-

Short term and Intraday Level of GOLD

Currently Gold is in BUY position Gold is in profit booking mode so hold with stop at 27513 The Gold is now trading is approaching overbought level. The oscillator is on SELL signal and Gold is coming down from overbought level
Intraday Trend- Buy is advised only above 28319.5 with a stop at 27829.2 Below 27703.5 go for sell and put stop at 28193.3
Intraday Resistance of GOLD are 28259.6 : 28465.9 : 28262.6 : 28297.6
Intraday Support of GOLD are 27762.4 : 27556.1 : 27760.5 : 27725.9

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GOLD TREND FOR TODAY- 08-Jun-2013

Gold is bearish for medium-long term .Currently Gold is in strong uptrend and the trend is supported with good volume The open interest is not increasing with trend . In last few days lot of positive accumulation happened in the Gold Cautious point is buying at higer levels seems decreasing. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Gold is 27011-26730-26672-26588-.Resistance for the Gold is 27795-28350-

Short term and Intraday Level of GOLD

Currently Gold is in HOLD LONG position In short term Gold is in strong up trend so hold with stop at 27331 The Gold is now trading is approaching overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 27960.4 with a stop at 27291 Below 27105.1 go for sell with stop at 27773.7
Intraday Resistance of GOLD are 27904.6 : 28213.8 : 27781.5 : 27816.1
Intraday Support of GOLD are 27159.4 : 26850.2 : 27283.7 : 27249.3

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GOLD TREND FOR TODAY- 04-Jun-2013

Gold is bearish for medium-long term .Currently Gold is in strong uptrend with good momentum and the trend is supported with good volume The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal For short term The current position is BUY .Positionally Support for the Gold is 26841-26525-26498-26318-.Resistance for the Gold is 27895-28478-

Short term and Intraday Level of GOLD

Currently Gold is in HOLD LONG position Gold is in profit booking mode so hold with stop at 26802 The Gold is now trading is approaching overbought level. The oscillator is on SELL signal and Gold is coming down from overbought level
Intraday Trend- Buy is advised only above 27478.4 with a stop at 27002.6 Below 26880.6 go for sell and put stop at 27355.9
Intraday Resistance of GOLD are 27423.6 : 27626.6 : 27426.9 : 27461.3
Intraday Support of GOLD are 26934.4 : 26731.4 : 26932.3 : 26898.1

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SILVER TREND FOR TODAY- 30-May-2013

Silver is bearish for medium-long term .Currently Silver is moving sideways The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the Silver if it close above45553 or buy with strict stop at 40586. The oscillator is showing BUY signal For short term Silver is in HOLD LONG position.Positionally Support for the Silver is 43441-43100-.Resistance for the Silver is 44271-45942-48808-50739-

Short term and Intraday Level of SILVER

Currently Silver is in HOLD LONG position In short term Silver is in strong up trend so hold with stop at 43165 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 44332.5 with a stop at 43351.6 Below 43083.6 go for sell with a stop at 44063.5
Intraday Resistance of SILVER are 44074.2 : 44378.9 : 44021.2 : 44064.8
Intraday Support of SILVER are 43339.8 : 43035.1 : 43394 : 43350.7

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GOLD TREND FOR TODAY- 30-May-2013

Gold is bearish for medium-long term .Currently Gold is moving sideways The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the Gold if it close above27123 or buy with strict stop at 25272. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal For short term Gold is in HOLD LONG position.Positionally Support for the Gold is 26465-26243-26116-.Resistance for the Gold is 27227-28039-28600-

Short term and Intraday Level of GOLD

Currently Gold is in HOLD LONG position In short term Gold is in strong up trend so hold with stop at 26316 The Gold is now trading is approaching overbought level. The oscillator is on SELL signal and Gold is coming down from overbought level
Intraday Trend- Buy is advised above 27030.5 with a stop at 26403.8 Below 26230.9 go for sell with a stop at 26856.9
Intraday Resistance of GOLD are 26782.8 : 26909.6 : 26875.3 : 26909.5
Intraday Support of GOLD are 26477.2 : 26350.4 : 26385.8 : 26352

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GOLD TREND FOR TODAY- 23-May-2013

Gold is bearish for medium-long term .Currently Gold is in strong downtrend and the trend is supported with good volume The open interest is not increasing with trend .. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing SELL signal For short term Gold is in SELL position.Positionally Immediate support for Gold is 25272.Resistance for the Gold is 26393-26626-26778-27533-28257-28793-

Short term and Intraday Level of GOLD

Currently Gold is in HOLD LONG position Gold is moving sideways so short term investor better to buy only above 26677.0 or hold with stop at 25373.0 The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 26216.8 with a stop at 25810.5 Below 25710 go for sell
Intraday Resistance of GOLD are 26175.2 : 26387.5 : 26739.8 : 26423.9 : 26457.8
Intraday Support of GOLD are 25750.8 : 25538.5 : 25186.2 : 25938.5 : 25905

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GOLD TREND FOR TODAY- 16-May-2013

Gold is bearish for medium-long term .Currently Gold is moving sideways The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing SELL signal and has moved down its previous low with good volume points to a negative break out . The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing SELL signal For short term Gold is inHOLD SHORT position and closed below 3 week low with volume signals down breakout.Positionally Immediate support for Gold is 26083.Resistance for the Gold is 26767-26979-26983-27980-28568-29076-

Short term and Intraday Level of GOLD

Gold and closed below 1 week low with volume signals down breakoutCurrently Gold is in HOLD SHORT position The Gold is in downtrend For short term buy only if close above 26837.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 26649.8 with a stop at 26114.4 Below 25971.3 go for sell
Intraday Resistance of GOLD are 26593.3 : 26828.4 : 26645 : 26678.9
Intraday Support of GOLD are 26026.7 : 25791.6 : 26157.5 : 26123.9

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GOLD TREND FOR TODAY- 14-May-2013

Gold is bearish for medium-long term .Currently Gold is moving sideways The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal .In last 1 month volatality is very less Buy the Gold above 27557 or buy with strict stop at 26260. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal For short term Gold is in HOLD SHORT position.Positionally Support for the Gold is 26490-.Resistance for the Gold is 27055-27062-28095-28669-29163-

Short term and Intraday Level of GOLD

Currently Gold is in HOLD SHORT position Gold is in sideways so for short term better buy above 27214.0 with stop at 26586.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 27200.8 with a stop at 26654.3 Below 26508.3 go for sell
Intraday Resistance of GOLD are 26970.6 : 27067.4 : 27052.2 : 27086.4
Intraday Support of GOLD are 26737.4 : 26640.6 : 26561 : 26527.1

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GOLD TREND FOR TODAY- 10-May-2013

Gold is bearish for medium-long term .Currently Gold is moving sideways The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal .In last 1 month volatality is very less and fresh Buy can be considered in the Gold if it close above27557 or buy with strict stop at 25958. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal For short term Gold is in HOLD LONG position.Positionally Support for the Gold is 26829-26773-26673-.Resistance for the Gold is 28248-28818-29280-

Short term and Intraday Level of GOLD

Currently Gold is in HOLD SHORT position Gold is in sideways so for short term better buy above 27234.0 with stop at 26594.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 27365.5 with a stop at 27039.4 Below 26967.1 go for sell
Intraday Resistance of GOLD are 27310.9 : 27431.1 : 27357.9 : 27392.3
Intraday Support of GOLD are 27021.1 : 26900.9 : 26863.9 : 26829.8

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GOLD TREND FOR TODAY- 04-May-2013

Gold is bearish for medium-long term .Currently Gold is in strong uptrend but volume is unsatisfactory The open interest is not increasing with trend . Cautious point is buying at higer levels seems decreasing. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal For short term Gold is in HOLD LONG position.Positionally Support for the Gold is 26710-26412-.Resistance for the Gold is 27403-28487-29068-29475-

Short term and Intraday Level of GOLD

Currently Gold is in HOLD SHORT position Gold is in down trend so buy above 27053.0 The sell will again come if below 26365.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 27171.1 with a stop at 26625.7 Below 26480 go for sell
Intraday Resistance of GOLD are 26970.9 : 27116.9 : 27359.2 : 27376.1 : 27458.9
Intraday Support of GOLD are 26679.1 : 26533.1 : 26290.8 : 26555 : 26473.6

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GOLD TREND FOR TODAY- 03-May-2013

Gold is bearish for medium-long term .Currently Gold is moving sideways The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal .In last 3 weeks Gold is trading in low volatality and fresh Buy can be considered in the Gold if it close above27557 or buy with strict stop at 25169. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is showing BUY signal For short term Gold is in HOLD LONG position.Positionally Support for the Gold is 26664-26341-.Resistance for the Gold is 27491-28543-29114-29515-

Short term and Intraday Level of GOLD

Currently Gold is in HOLD SHORT position Gold is in sideways so for short term better buy above 27329.0 with stop at 26365.0 The oscillator is showing SELL signal
Intraday Trend- Buy is advised only above 27223.2 with a stop at 26733 Below 26605.8 go for sell and put stop at 27095.5
Intraday Resistance of GOLD are 27167.2/27377.4/27147.5/27230
Intraday Support of GOLD are 26660.8/26450.6/26492.5/26411.1

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GOLD TREND FOR TODAY- 27-April-2013

Gold is bearish for medium-long term .Currently Gold is moving sideways The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is on BUY Signal and Gold is recovering from oversold level .In last 5 days volatality is very less and fresh Buy can be considered in the Gold if it close above27557 or buy with strict stop at 25958. The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is on BUY Signal and Gold is recovering from oversold level For short term Gold is in HOLD LONG position.Positionally Support for the Gold is 26704-26096-.Resistance for the Gold is 27957-28819-29323-29713-

Short term and Intraday Level of GOLD

Currently Gold is in HOLD LONG position Gold is moving sideways so short term investor better to buy only above 27447.0 with stop at 26062.0 The Gold is now trading in highly overbought level. The oscillator is showing BUY signal 
Intraday Trend- Buy is advised above 27418.2 with a stop at 26847 Below 26693 go for sell
Intraday Resistance of GOLD are 27209.2/27363.5/27619.5/27459.8/27542.7
Intraday Support of GOLD are 26900.8/26746.5/26490.5/26800.9/26719.1

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GOLD TREND FOR TODAY- 26-April-2013

Gold is bearish for medium-long term .Currently Gold is moving sideways The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is on BUY Signal and Gold is recovering from oversold level but has moved past its recent high with good volume points to a positive break out . The Gold is now trading in overbought level. The Gold is now trading in overbought level. The oscillator is on BUY Signal and Gold is recovering from oversold level For short term Gold is in SELL position and closed above 1 week high with volume signals up breakout.Positionally Support for the Gold is 26875-25955-.Resistance for the Gold is 28061-28880-29367-29750-

Short term and Intraday Level of GOLD

Gold closed above 1 week high with volume signals up breakoutCurrently Gold is in HOLD LONG position In short term Gold is in strong up trend so hold with stop at 26250 The Gold is now trading in highly overbought level. The oscillator is showing SELL signal
Intraday Trend- Buy is advised above 27492.9 with a stop at 26788.8 Below 26590.7 go for sell with a stop at 27294
Intraday Resistance of GOLD are 27222/27403/27703.5/27191.1/27273.6
Intraday Support of GOLD are 26860/26679/26378.5/26535.5/26454.2

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CS GOLD CALL

CS SELL GOLD BELOW 26600

TG1- 26570 TG2- 26540

TG3- 26510 SL 26650

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HOW LOW WILL GOLD GO ??

Gold was THE place to be for nearly 12 years, moving from $250 per ounce to over $1900 per ounce while the stock market gyrated on its seesaw ride. You could not go wrong. Many pundits made an entire career over that stretch. Then something happened. 

No sooner did Gold break 1900, with calls for a brazillion dollar target, than it went flat line. It just seemed tired of running higher. 

Instead of going up forever, Gold entered a a sideways channel between 1550 and 1800, where it stayed for 18 months. Until Friday. My readers have been hearing about the channel for a long time with the warning that a move under 1550 would change things from neutral to bearish. Well that warning was accentuated Friday with the first breach of the channel. And the follow through Monday left no time to sit around and ask your friends what to do. 

This yellow rock is no longer in fashion. It has the plague, aids or leprosy. It is radioactive. People cannot get rid of it fast enough. It may bounce as the daring onlookers touch it, but this has been a very long run higher. It is unlikely that 2 days is all it takes. So just how low can it go? Lets look at a few different perspectives. 

Gold, Fibonacci Retracement

The Fibonacci levels show that the 38.2% retracement of the long trend higher stands at 1283.27. With the recent moves it could reach that by today. If it fails, 1086 and then 890 are up next. It's hard to believe calls for over $2000 recently with the current backdrop.

Gold, Andrew’s Pitchfork

 GOLD 1

The Andrew’s Pitchfork applied to Gold shows a breach of the Lower Median Line. That in itself does not mean a continued move lower as it will continue to attract it back higher. A break of the dotted line though, the Hagopian Trigger Line, at about 1225 would trigger a bearish long term entry. Good news and bad news. We're not there yet, but the metal could also fall a lot more before any need to reverse.

Gold, Trend 

 gold-trend

The final view, straight trend analysis with support and resistance, shows a break of the rising trend support and the 50 month SMA. There looks to be some support at 1200 but the 100 month SMA is lower at 1038 and the RSI and MACD are falling like they just discovered gravity. This run lower is not over. 

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