News Date: 9/5/2014 07:32:40

News Date: 9/5/2014 07:32:40

The metal remained limited above 1285.10 yesterday keeping the positive expectations. We notice today a negative crossover on Linear Regression Indicators which contradicts with the positivity of stabilizing above 1285.10. We depended yesterday on achieving higher lows, however, as the price is stable above 1277.00 - 1276.00 strengthening the possibility of a bullish wave. Therefore, we will benefit from the appropriate Risk/Reward Ratios to suggest an upside move for today with the same stop-loss and break 1277.00. As soon as the stop-loss is achieved we will become negative. Breaching and stabilizing above 1300.00 levels is significant to confirm positivity today and the upcoming period.
Support	1285.00	1280.00	1277.90	1272.00	1266.55
Resistance	1293.00	1296.60	1300.00	1305.00	1309.35
Recommendation	Based on the above, long gold at 1290.00, targeting 1296.00, 1330.00, then 1309.00, and stop-loss below 1276.00. In case of stop-loss, selling gold below 1276.00 targeting 1266.00 and 1260.00 then 1250.00 with stop-loss above 1296.25 levels.

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gold for today

Main scenario:
The pair is trading along an sideways trend.
An uptrend will start from support levels 1289.50, which will be followed by moving up to resistance level 1294 and then to 1302.

Alternative scenario:
An downtrend will start as soon, as the pair drops below support level 1287, which will be followed by moving down to support level 1284 and then to 1277.

For more detail Please Contact 092 749966,093 749966 lekchansour@gmail

Gold forecast 08.05.14

The metal dropped sharply yesterday after failing to remain stable above 1309.35 and achieved the stop-losssuggested in yesterday's recommendation, but failed to break below 50% correction at 1285.00 showing on graph. The downside move is only a retest to the bearish resistance level that started from the top 1387.00; as the price is close to 50% correction, we will bet today on an upside move only by counting on stability above 1285.00 and the referred to bearish resistance that was previously breached. On the above graph, we notice higher lows supporting our decision today of becoming neutral despite achieving yesterday's stop-loss of our buying position, but we will place stop-loss at 1276.00 and we will reverse our expectations to negative if achieved.
Support	1285.00	1280.00	1277.90	1272.00	1266.55
Resistance	1293.00	1296.60	1300.00	1305.00	1309.35
Recommendation	Based on the above, long gold at 1290.00, targeting 1296.00, 1330.00, then 1309.00, and stop-loss below 1276.00. In case of stop-loss, selling gold below 1276.00 targeting 1266.00 and 1260.00 then 1250.00 with stop-loss above 1296.25 levels.

For more detail Please Contact 092 749966,093 749966 lekchansour@gmail