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Gold Analysis

globalnet2014

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gold weekly chart

check out where gold is heading after violation of triangle pattern!
 

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Gold is having a tough time at present and there are chances of it recovering it in the next week.
 
Gold prices have been a bit down due to strong USD results, still its a good buying opportunity.
 
I saw some articles over net which states that gold is getting stronger and will be a good investment in near future, there is site called profitconfidential having many articles about it, is it so?
 
Gold prices have been down band it seems that in the current market situation it might further slip away, there are very feeble chances of any bounce back
 
Gold Technical Analysis copied from FreshForex
gold-h4-instaforex-group.png

Gold
Gold (XAU/USD)
1104.71
7.28
(0.66%)
10:22:05 (GMT)
Start trading Buy
Bid: 1104.41
Ask: 1105.01
Open: 1097.43
High: 1105.23
Low: 1097.18
16:0025. Jan08:001090109511001105
markets fell a little bit during the course of the session initially on Friday, but turned back around to pop above the $1100 level. Because of this, it looks like we are going to try to break out to the upside and a move above the $1110 level would send this market going much higher. Any pullback at this point in time should be a buying opportunity on signs of support, and as a result we are essentially “buy only” at this moment in time although we do recognize there is a lot of noise to work through.
 
Gold prices have been down and still there are no correct signals which suggest that it will further move up.
 
There is a bearish trend developing on XAU/USD pair.
b363c0283264f5cd2e170372a148735a.jpg
 
I can see two scenarios here – the basic (1) and alternative (2).
GOLD.jpg
 
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