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ma1 GOLD

on Tue Nov 21, 2017 1:10 pm
GOLD : Wait for a test of the support
Date of analysis 21 November 17

INDICATOR
Opinion Short Term Positive
Resistance 1 1319.98USD
Support 1 1255.98USD
Opinion Mid Term Bearish
Support 2 1239.98USD
Resistance 2 0USD

KEY STATISTICS
Last price 1276.92 USD
MACD -1.02
MA 20 1277.31
MA 50 1287.05
Stochastic 58.44
RSI 47.47

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Market Dynamics Technical Analysis

STRATEGY
Above 1239.98 USD the GOLD is heading toward 1319.98 USD over the short term. Below 1239.98 USD the movement would reverse and then correct toward 1223.98 USD.

SUMMARY
The MACD is negative but is situated above its signal line: the trend is changing. Now, the MACD must clear zero for the rise to continue in the coming days. The main indicator of the movement's strength (RSI) shows that the technical situation is quite healthy, as it is not overbought. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is oriented to the downside. It is under its 50-day moving average located at 1287.05. The 20-day moving average (lower than the 50-day moving average) is maintaining the prices under medium-term sell pressure. Our first support is at 1255.98 USD and the next is at 1239.98 USD; the resistances, located at 1319.98 USD and at 0 USD must be exceeded for the trend to undergo a reversal.
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ma1 Re: GOLD

on Wed Nov 22, 2017 11:50 am
GOLD : Wait for a test of the support
Date of analysis 22 November 17

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INDICATOR

  • Opinion Short Term Positive
  • Resistance 1 1320.54USD
  • Support 1 1250.62USD
  • Opinion Mid Term Bearish
  • Support 2 1234.49USD
  • Resistance 2 0USD


Market Dynamics Technical Analysis
STRATEGY
Above 1234.49 USD the GOLD is heading toward 1320.54 USD over the short term. Below 1234.49 USD the movement would reverse and then correct toward 1223.73 USD.

SUMMARY
The MACD is negative but is situated above its signal line: the trend is changing. Now, the MACD must clear zero for the rise to continue in the coming days. The main indicator of the movement's strength (RSI) shows that the technical situation is quite healthy, as it is not overbought. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
Since the recent low at 1266.99 USD the cross has been in a phase of technical recovery towards its 50-day moving average located at 1286.03: the price reaction on this level will allow us to envisage a continuation of the movement in the medium term. To alleviate this position, we could wait to test the short-term resistances located at 1320.54 USD and 0 USD. The supports are at 1250.62 USD then at 1234.49 USD .
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ma1 Re: GOLD

on Thu Nov 23, 2017 12:04 pm
GOLD : The bullish signals are intact
Date of analysis 23 November 17

INDICATOR

  • Opinion Short Term Positive
  • Resistance 1 1309.49USD
  • Support 1 1253.25USD
  • Opinion Mid Term Neutral
  • Support 2 1234.5USD
  • Resistance 2 1321.99USD


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STRATEGY
Above 1253.25 USD the major trend remains bullish. 1309.49 USD and 1321.99 USD are in the line of sight. The breaking of 1253.25 USD would cancel this anticipation and favor a correction toward 1234.5 USD.

SUMMARY
The MACD is positive and above its signal line. This configuration confirms the sound positioning of the cross. We can see that the bullish potential of the RSI has not been exhausted. The Stochastics are not overbought, which leaves the bullish potential intact in the medium term. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is in a phase of technical recovery. It is above its 50-day moving average but the latter is poorly positioned. In the event of a correction, the first support is at 1253.25 USD, before a test of 1234.5 USD in the case of a breach. To the upside, the resistance at 1309.49 USD is intermediary before the strong level of 1321.99 USD.
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ma1 Re: GOLD

on Mon Nov 27, 2017 11:59 am
GOLD : The movement remains bullish
Date of analysis 27 November 17

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INDICATOR

  • Opinion Short Term Positive
  • Resistance 1 1318.87USD
  • Support 1 1260.89USD
  • Opinion Mid Term Neutral
  • Support 2 1248.01USD
  • Resistance 2 1331.75USD


STRATEGY
Above 1260.89 USD the major trend remains bullish. 1318.87 USD and 1331.75 USD are in the line of sight. The breaking of 1260.89 USD would cancel this anticipation and favor a correction toward 1248.01 USD.

SUMMARY
The MACD is positive and above its signal line. This configuration confirms the sound positioning of the cross. We can see that the bullish potential of the RSI has not been exhausted. The Stochastics are not overbought, which leaves the bullish potential intact in the medium term. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is in a phase of technical recovery. It is above its 50-day moving average but the latter is poorly positioned. In the event of a correction, the first support is at 1260.89 USD, before a test of 1248.01 USD in the case of a breach. To the upside, the resistance at 1318.87 USD is intermediary before the strong level of 1331.75 USD.
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ma1 Re: GOLD

on Tue Nov 28, 2017 11:56 am
GOLD : The bullish signals are intact
Date of analysis 28 November 17

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INDICATOR

  • Opinion Short Term Positive
  • Resistance 1 1316.53USD
  • Support 1 1259.89USD
  • Opinion Mid Term Neutral
  • Support 2 1245.73USD
  • Resistance 2 1330.69USD


STRATEGY
Above 1259.89 USD the major trend remains bullish. 1316.53 USD and 1330.69 USD are in the line of sight. The breaking of 1259.89 USD would cancel this anticipation and favor a correction toward 1245.73 USD.

SUMMARY
The MACD is positive and above its signal line. This configuration confirms the sound positioning of the cross. We can see that the bullish potential of the RSI has not been exhausted. The Stochastics are not overbought, which leaves the bullish potential intact in the medium term. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is in a phase of technical recovery. It is above its 50-day moving average but the latter is poorly positioned. In the event of a correction, the first support is at 1259.89 USD, before a test of 1245.73 USD in the case of a breach. To the upside, the resistance at 1316.53 USD is intermediary before the strong level of 1330.69 USD.
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ma1 Re: GOLD

on Wed Nov 29, 2017 8:42 am
GOLD : The bullish signals are intact
Date of analysis 29 November 17

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INDICATOR
Opinion Short Term Positive
Resistance 1 1325.7USD
Support 1 1260.54USD
Opinion Mid Term Neutral
Support 2 1246.06USD
Resistance 2 1340.18USD

STRATEGY
Above 1260.54 USD the major trend remains bullish. 1325.7 USD and 1340.18 USD are in the line of sight. The breaking of 1260.54 USD would cancel this anticipation and favor a correction toward 1246.06 USD.

SUMMARY
The MACD is positive and above its signal line. This configuration confirms the sound positioning of the cross. We can see that the bullish potential of the RSI has not been exhausted. The Stochastics are not overbought, which leaves the bullish potential intact in the medium term. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is in a phase of technical recovery. It is above its 50-day moving average but the latter is poorly positioned. In the event of a correction, the first support is at 1260.54 USD, before a test of 1246.06 USD in the case of a breach. To the upside, the resistance at 1325.7 USD is intermediary before the strong level of 1340.18 USD.
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ma1 Re: GOLD

on Fri Dec 01, 2017 9:18 am
GOLD : Technical opportunity
Date of analysis 01 December 17
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INDICATOR
Opinion Short Term Positive
Resistance 1 1325.17USD
Support 1 1254.3USD
Opinion Mid Term Bearish
Support 2 1240.13USD
Resistance 2 1339.35USD

STRATEGY
Above 1254.3 USD the major trend remains bullish. 1325.17 USD and 1339.35 USD are in the line of sight. The breaking of 1254.3 USD would cancel this anticipation and favor a correction toward 1240.13 USD.

SUMMARY
The MACD is positive and above its signal line. This configuration confirms the sound positioning of the cross. Moreover, the relative strength indicator, the RSI, is not contradicting this hypothesis. The Stochastics are not overbought, which leaves the bullish potential intact in the medium term. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is oriented to the downside. It is under its 50-day moving average located at 1282.73. The 20-day moving average (lower than the 50-day moving average) is maintaining the prices under medium-term sell pressure. Our first support is at 1254.3 USD and the next is at 1240.13 USD; the resistances, located at 1325.17 USD and at 1339.35 USD must be exceeded for the trend to undergo a reversal.
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ma1 Re: GOLD

on Mon Dec 04, 2017 8:23 am
GOLD : The consolidation can continue
Date of analysis 04 December 17

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INDICATOR

  • Opinion Short Term Neutral
  • Resistance 1 1309.12USD
  • Support 1 1244.29USD
  • Opinion Mid Term Neutral
  • Support 2 1231.32USD
  • Resistance 2 1322.08USD


STRATEGY
As long as 1322.08 USD continues to be a resistance, the movement may join 1244.29 USD over the short term. The surpassing of 1322.08 USD would invalidate this opinion and open the door for 1341.53 USD.

SUMMARY
The MACD is positive but lower than its signal line. The dynamic in progress has been interrupted. If the MACD were to turn negative, the price correction could continue. The RSI value is less than 50: this confirms the weakness of prices. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The bullish movement seems to have stopped. The cross is under its 50-day moving average located at 1282.4. The first support is at 1244.29 USD and, in the event of a breach of this level, a continuation of the correction towards 1231.32 USD is possible; to the upside, the first resistance is at 1309.12 USD, then the strongest level is at 1322.08 USD.
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ma1 Re: GOLD

on Wed Dec 06, 2017 8:06 am
GOLD : The bearish trend can resume
Date of analysis 06 December 17
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INDICATOR
Opinion Short Term Negative
Resistance 1 1304.85USD
Support 1 1245.04USD
Opinion Mid Term Neutral
Support 2 1230.09USD
Resistance 2 1319.8USD

STRATEGY
Below 1304.85 USD the major trend remains bearish 1245.04 USD and then 1230.09 USD are in the line of sight. The surpassing of 1304.85 USD would cancel this anticipation and favor a recovery toward 1319.8 USD.

SUMMARY
The MACD is negative and lower than its signal line. This configuration is damaging the cross perspectives. The RSI is not yet indicating an oversold situation, so a continuation of the fall is technically possible. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The bullish movement seems to have stopped. The cross is under its 50-day moving average located at 1281.14. The first support is at 1245.04 USD and, in the event of a breach of this level, a continuation of the correction towards 1230.09 USD is possible; to the upside, the first resistance is at 1304.85 USD, then the strongest level is at 1319.8 USD.
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ma1 Re: GOLD

on Thu Dec 07, 2017 9:09 am
GOLD : The bearish trend can resume
Date of analysis 07 December 17
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INDICATOR
Opinion Short Term Negative
Resistance 1 1307.18USD
Support 1 1238.75USD
Opinion Mid Term Neutral
Support 2 1221.65USD
Resistance 2 1315.73USD

STRATEGY
Below 1307.18 USD the major trend remains bearish 1238.75 USD and then 1221.65 USD are in the line of sight. The surpassing of 1307.18 USD would cancel this anticipation and favor a recovery toward 1315.73 USD.

SUMMARY
The MACD is negative and lower than its signal line. This configuration is damaging the cross perspectives. The RSI is not yet indicating an oversold situation, so a continuation of the fall is technically possible. At less than 20, the Stochastics are extermely low. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The bullish movement seems to have stopped. The cross is under its 50-day moving average located at 1280.75. The first support is at 1238.75 USD and, in the event of a breach of this level, a continuation of the correction towards 1221.65 USD is possible; to the upside, the first resistance is at 1307.18 USD, then the strongest level is at 1315.73 USD.
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ma1 Re: GOLD

on Fri Dec 08, 2017 7:49 am
GOLD : Under these resistances, a consolidation is likely
Date of analysis 08 December 17
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INDICATOR
Opinion Short Term Negative
Resistance 1 1302.24USD
Support 1 1234.41USD
Opinion Mid Term Bearish
Support 2 1223.11USD
Resistance 2 1313.54USD

STRATEGY
Below 1302.24 USD the major trend remains bearish 1234.41 USD and then 1223.11 USD are in the line of sight. The surpassing of 1302.24 USD would cancel this anticipation and favor a recovery toward 1313.54 USD.

SUMMARY
The MACD is negative and lower than its signal line. This configuration is damaging the cross perspectives. The RSI is not yet indicating an oversold situation, so a continuation of the fall is technically possible. At less than 20, the Stochastics are extermely low. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is oriented to the downside. It is under its 50-day moving average located at 1279.95. The 20-day moving average (lower than the 50-day moving average) is maintaining the prices under medium-term sell pressure. Our first support is at 1234.41 USD and the next is at 1223.11 USD; the resistances, located at 1302.24 USD and at 1313.54 USD must be exceeded for the trend to undergo a reversal.
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ma1 Re: GOLD

on Mon Dec 18, 2017 10:46 am
GOLD : The bearish trend can resume
Date of analysis 18 December 17
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INDICATOR
Opinion Short Term Negative
Resistance 1 1290.12USD
Support 1 1200.94USD
Opinion Mid Term Bearish
Support 2 1183.1USD
Resistance 2 1307.96USD

STRATEGY
Below 1290.12 USD the major trend remains bearish 1200.94 USD and then 1183.1 USD are in the line of sight. The surpassing of 1290.12 USD would cancel this anticipation and favor a recovery toward 1307.96 USD.

SUMMARY
The MACD is negative and lower than its signal line. This configuration is damaging the cross perspectives. The RSI is not yet indicating an oversold situation, so a continuation of the fall is technically possible. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is oriented to the downside. It is under its 50-day moving average located at 1277.51. The 20-day moving average (lower than the 50-day moving average) is maintaining the prices under medium-term sell pressure. Our first support is at 1200.94 USD and the next is at 1183.1 USD; the resistances, located at 1290.12 USD and at 1307.96 USD must be exceeded for the trend to undergo a reversal.
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ma1 Re: GOLD

on Mon Dec 25, 2017 9:02 am
GOLD : Negligible risk in the medium term
Date of analysis 25 December 17
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INDICATOR
Opinion Short Term Neutral
Resistance 1 1295.45USD
Support 1 1235.6USD
Opinion Mid Term Bearish
Support 2 1220.64USD
Resistance 2 1310.41USD

STRATEGY
As long as 1220.64 USD remains a support, the movement may join 1295.45 USD over the short term. The breaking of 1220.64 USD would invalidate this opinion and open the door for 1205.68 USD.

SUMMARY
The MACD is negative but is situated above its signal line: the trend is changing. Now, the MACD must clear zero for the rise to continue in the coming days. The RSI is above 50, this confirms the sound positioning of the cross The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
Since the recent low at 1242.02 USD the cross has been in a phase of technical recovery towards its 50-day moving average located at 1274.48: the price reaction on this level will allow us to envisage a continuation of the movement in the medium term. To alleviate this position, we could wait to test the short-term resistances located at 1295.45 USD and 1310.41 USD. The supports are at 1235.6 USD then at 1220.64 USD .
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ma1 Re: GOLD

on Tue Jan 09, 2018 3:16 pm
GOLD : Risk of correction under the resistances
Date of analysis 09 January 18

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INDICATOR

  • Opinion Short Term Neutral
  • Resistance 1 1361.82USD
  • Support 1 1279.6USD
  • Opinion Mid Term Bullish
  • Support 2 1252.2USD
  • Resistance 2 1389.23USD


STRATEGY
Above 1279.6 USD the major trend remains bullish. 1361.82 USD and 1389.23 USD are in the line of sight. The breaking of 1279.6 USD would cancel this anticipation and favor a correction toward 1252.2 USD.

SUMMARY
The MACD is positive and above its signal line. This configuration confirms the sound positioning of the cross. However, the RSI is in the overbought area and we can expect a technical correction in the short term. Also, the Stochastics are very high, which confirms the risks in the event of a violent reversal. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is positioned to the upside. It is above its 50-day moving average. The position of the 20-day moving average (higher than the 50-day moving average) means that this cross is reliable in the medium term. The first buy levels are on the supports situated at 1279.6 USD, then at 1252.2 USD; only the resistances, placed at 1361.82 USD, then at 1389.23 USD, could contain the prices.
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ma1 Re: GOLD

on Wed Jan 10, 2018 2:28 pm
GOLD : The bullish signals are intact
Date of analysis 10 January 18

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INDICATOR

  • Opinion Short Term Positive
  • Resistance 1 1364.85USD
  • Support 1 1282.82USD
  • Opinion Mid Term Bullish
  • Support 2 1255.48USD
  • Resistance 2 1392.19USD


STRATEGY
Above 1282.82 USD the major trend remains bullish. 1364.85 USD and 1392.19 USD are in the line of sight. The breaking of 1282.82 USD would cancel this anticipation and favor a correction toward 1255.48 USD.

SUMMARY
The MACD is positive and above its signal line. This configuration confirms the sound positioning of the cross. We can see that the bullish potential of the RSI has not been exhausted. As for the Stochastics, they are in the overbought area, making a correction likely in the short term. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is positioned to the upside. It is above its 50-day moving average. The position of the 20-day moving average (higher than the 50-day moving average) means that this cross is reliable in the medium term. The first buy levels are on the supports situated at 1282.82 USD, then at 1255.48 USD; only the resistances, placed at 1364.85 USD, then at 1392.19 USD, could contain the prices.
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ma1 Re: GOLD

on Mon Feb 05, 2018 12:08 pm
GOLD : The technical situation is largely uncertain
Date of analysis 05 February 18

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INDICATOR

  • Opinion Short Term Negative
  • Resistance 1 1381.78USD
  • Support 1 1312.47USD
  • Opinion Mid Term Bullish
  • Support 2 1289.37USD
  • Resistance 2 1393.33USD


STRATEGY
Below 1393.33 USD the GOLD is evolving toward 1312.47 USD over the short term. The clearing of 1393.33 USD would invalidate this opinion and open the door for 1416.44 USD.

SUMMARY
The MACD is positive but lower than its signal line. The dynamic in progress has been interrupted. If the MACD were to turn negative, the price correction could continue. Powerful indicators like the RSI, are not giving us any particular indications in the short term. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
After a recent high at 1358.46 USD the cross corrected towards the 50-day moving average 1300.87: the price reaction on this level allows us to envisage a continuation of this movement in the medium term. The first buy points (or short-term supports) are at 1312.47 USD and 1289.37 USD. The resistances are at 1381.78 USD and 1393.33 USD.
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ma1 Re: GOLD

on Wed Mar 14, 2018 9:58 am
Under these resistances, a consolidation is likely
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INDICATOR

  • Opinion Short Term Negative
  • Resistance 1 1351.77USD
  • Support 1 1286.2USD
  • Opinion Mid Term Bearish
  • Support 2 1275.27USD
  • Resistance 2 1362.7USD


STRATEGY
Below 1351.77 USD the major trend remains bearish 1286.2 USD and then 1275.27 USD are in the line of sight. The surpassing of 1351.77 USD would cancel this anticipation and favor a recovery toward 1362.7 USD.

SUMMARY
The MACD is negative and lower than its signal line. This configuration is damaging the cross perspectives. The RSI is not yet indicating an oversold situation, so a continuation of the fall is technically possible. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is oriented to the downside. It is under its 50-day moving average located at 1330.71. The 20-day moving average (lower than the 50-day moving average) is maintaining the prices under medium-term sell pressure. Our first support is at 1286.2 USD and the next is at 1275.27 USD; the resistances, located at 1351.77 USD and at 1362.7 USD must be exceeded for the trend to undergo a reversal.
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ma1 Re: GOLD

on Thu Mar 15, 2018 10:18 am
Under these resistances, a consolidation is likely
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INDICATOR
Opinion Short Term Negative
Resistance 1 1358.23USD
Support 1 1289.14USD
Opinion Mid Term Bearish
Support 2 1269.4USD
Resistance 2 1368.1USD

STRATEGY
Below 1358.23 USD the major trend remains bearish 1289.14 USD and then 1269.4 USD are in the line of sight. The surpassing of 1358.23 USD would cancel this anticipation and favor a recovery toward 1368.1 USD.

SUMMARY
The MACD is negative and lower than its signal line. This configuration is damaging the cross perspectives. The RSI is not yet indicating an oversold situation, so a continuation of the fall is technically possible. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is oriented to the downside. It is under its 50-day moving average located at 1330.94. The 20-day moving average (lower than the 50-day moving average) is maintaining the prices under medium-term sell pressure. Our first support is at 1289.14 USD and the next is at 1269.4 USD; the resistances, located at 1358.23 USD and at 1368.1 USD must be exceeded for the trend to undergo a reversal.
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ma1 Re: GOLD

on Fri Mar 16, 2018 11:48 am
The bearish trend can resume
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INDICATOR
Opinion Short Term Negative
Resistance 1 1351.9USD
Support 1 1293.19USD
Opinion Mid Term Bearish
Support 2 1284.81USD
Resistance 2 1368.68USD

STRATEGY
Below 1351.9 USD the major trend remains bearish 1293.19 USD and then 1284.81 USD are in the line of sight. The surpassing of 1351.9 USD would cancel this anticipation and favor a recovery toward 1368.68 USD.

SUMMARY
The MACD is negative and lower than its signal line. This configuration is damaging the cross perspectives. The RSI is not yet indicating an oversold situation, so a continuation of the fall is technically possible. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is oriented to the downside. It is under its 50-day moving average located at 1330.81. The 20-day moving average (lower than the 50-day moving average) is maintaining the prices under medium-term sell pressure. Our first support is at 1293.19 USD and the next is at 1284.81 USD; the resistances, located at 1351.9 USD and at 1368.68 USD must be exceeded for the trend to undergo a reversal.
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ma1 Re: GOLD

on Mon Apr 02, 2018 1:32 pm
Technical opportunity

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INDICATOR

  • Opinion Short Term Positive
  • Resistance 1 1359.1USD
  • Support 1 1284.47USD
  • Opinion Mid Term Bearish
  • Support 2 1273.81USD
  • Resistance 2 1380.42USD


STRATEGY
Above 1284.47 USD the major trend remains bullish. 1359.1 USD and 1380.42 USD are in the line of sight. The breaking of 1284.47 USD would cancel this anticipation and favor a correction toward 1273.81 USD.

SUMMARY
The MACD is positive and above its signal line. This configuration confirms the sound positioning of the cross. Moreover, the relative strength indicator, the RSI, is not contradicting this hypothesis. The Stochastics are not overbought, which leaves the bullish potential intact in the medium term. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is oriented to the downside. It is under its 50-day moving average located at 1331.44. The 20-day moving average (lower than the 50-day moving average) is maintaining the prices under medium-term sell pressure. Our first support is at 1284.47 USD and the next is at 1273.81 USD; the resistances, located at 1359.1 USD and at 1380.42 USD must be exceeded for the trend to undergo a reversal.
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ma1 Re: GOLD

on Wed May 30, 2018 12:04 pm
GOLD
Possible pull back on supports

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Above 1261.61 USD the GOLD is heading toward 1324.78 USD over the short term. Below 1261.61 USD the movement would reverse and then correct toward 1240.55 USD.

The MACD is negative but is situated above its signal line: the trend is changing. Now, the MACD must clear zero for the rise to continue in the coming days. The main indicator of the movement's strength (RSI) shows that the technical situation is quite healthy, as it is not overbought. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

The cross is oriented to the downside. It is under its 50-day moving average located at 1321.96. The 20-day moving average (lower than the 50-day moving average) is maintaining the prices under medium-term sell pressure. Our first support is at 1272.13 USD and the next is at 1261.61 USD; the resistances, located at 1324.78 USD and at 1335.31 USD must be exceeded for the trend to undergo a reversal.
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ma1 Re: GOLD

on Tue Jun 05, 2018 5:15 pm
GOLD:
Wait for a test of the support

Above 1250.53 USD the GOLD is heading toward 1320.77 USD over the short term. Below 1250.53 USD the movement would reverse and then correct toward 1240.5 USD.

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The MACD is negative but is situated above its signal line: the trend is changing. Now, the MACD must clear zero for the rise to continue in the coming days. The main indicator of the movement's strength (RSI) shows that the technical situation is quite healthy, as it is not overbought. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

The cross is oriented to the downside. It is under its 50-day moving average located at 1318.42. The 20-day moving average (lower than the 50-day moving average) is maintaining the prices under medium-term sell pressure. Our first support is at 1260.57 USD and the next is at 1250.53 USD; the resistances, located at 1320.77 USD and at 1340.83 USD must be exceeded for the trend to undergo a reversal.
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ma1 Re: GOLD

on Tue Jun 12, 2018 12:15 pm
GOLD
Wait for a test of the support

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Above 1275.12 USD the GOLD is heading toward 1312.79 USD over the short term. Below 1275.12 USD the movement would reverse and then correct toward 1266.75 USD.

The MACD is negative but is situated above its signal line: the trend is changing. Now, the MACD must clear zero for the rise to continue in the coming days. The main indicator of the movement's strength (RSI) shows that the technical situation is quite healthy, as it is not overbought. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

Since the recent low at 1290.53 USD the cross has been in a phase of technical recovery towards its 50-day moving average located at 1314.95: the price reaction on this level will allow us to envisage a continuation of the movement in the medium term. To alleviate this position, we could wait to test the short-term resistances located at 1312.79 USD and 1321.16 USD. The supports are at 1279.3 USD then at 1275.12 USD .
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ma1 Re: GOLD

on Tue Jun 19, 2018 1:41 pm
GOLD
The bearish trend can resume

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Below 1322.71 USD the major trend remains bearish 1255.68 USD and then 1242.27 USD are in the line of sight. The surpassing of 1322.71 USD would cancel this anticipation and favor a recovery toward 1336.12 USD.

The MACD is negative and lower than its signal line. This configuration is damaging the cross perspectives. The RSI is not yet indicating an oversold situation, so a continuation of the fall is technically possible. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

The cross is oriented to the downside. It is under its 50-day moving average located at 1310.81. The 20-day moving average (lower than the 50-day moving average) is maintaining the prices under medium-term sell pressure. Our first support is at 1255.68 USD and the next is at 1242.27 USD; the resistances, located at 1322.71 USD and at 1336.12 USD must be exceeded for the trend to undergo a reversal.
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ma1 Re: GOLD

on Wed Aug 29, 2018 11:39 am
GOLD: Possible pull back on supports

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Above 1148.7 USD the GOLD is heading toward 1251.37 USD over the short term. Below 1148.7 USD the movement would reverse and then correct toward 1135.86 USD.

The MACD is negative but is situated above its signal line: the trend is changing. Now, the MACD must clear zero for the rise to continue in the coming days. The main indicator of the movement's strength (RSI) shows that the technical situation is quite healthy, as it is not overbought. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

Since the recent low at 1174.16 USD the cross has been in a phase of technical recovery towards its 50-day moving average located at 1226.32: the price reaction on this level will allow us to envisage a continuation of the movement in the medium term. To alleviate this position, we could wait to test the short-term resistances located at 1251.37 USD and 1264.2 USD. The supports are at 1174.36 USD then at 1148.7 USD .
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ma1 Re: GOLD

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