Gold Bullish or Bearish

[mohsinqureshii 10]

What do you see Gold in next 3 months ? Bullish or Bearish ? Is Gold really heading towards 2500 $ an oz as major research firms of the world predict.

 

Your view please.

[Obsidian 10]

I think historical charts say enough

[alenero1 10]

I think it will not be breached until the support of Gold is still uncertain

[mohsinqureshii 10]

Markets are very much uncertain as Gold dropped on Friday but its not end. Historical data shows enough and you are right Obsidian.

 

Waiting to see a new history high in Gold and Silver.

[Obsidian 10]

I don't trade gold but I think gold is a good long term investment.

For this month, if it can pass 1742, buying pressure will increase. If it breaks 1700, it will head back to 1646.

[mohsinqureshii 10]

I don't trade gold but I think gold is a good long term investment.

For this month, if it can pass 1742, buying pressure will increase. If it breaks 1700, it will head back to 1646.

 

Gold might have a short term drop near 1680-90 this week.

[kuokam 10]

Shall I understand that it might shoot for 2500 as well as for 1500?

 

 

Gold might have a short term drop near 1680-90 this week.

[Obsidian 10]

My personal opinion is daily and weekly charts are bullish but 4h charts are bearish (heading to 1709 and 1698)...However I don't think that gold will fall below 1600...at least for now...

[jimbo320 10]

Only way gold is going is up.

Buy on dips for long term targets of 2500 and 3700.

[Obsidian 10]

cnbc:

analysts say gold may climb 20% this year china diversifying away from USA bonds becoming largest user...

[tanrich 10]

What do you see Gold in next 3 months ? Bullish or Bearish ? Is Gold really heading towards 2500 $ an oz as major research firms of the world predict.

 

Your view please.

 

Since March 2003, all markets (capital, currency, commodity etc.,) has an inverse-relationship to Dollar (with the exception of SSE that started much later at 2005). Monitor Dollar index closely. But if anyone can accurately predict Dollar index performance in the coming month amid all these positive and negative news (Greece, Eurozone, QE3, FED zero interest rate, improved US economic data, China hard landing etc.,) perhaps traders can do away making analysis on individual counters.

[Obsidian 10]

There is no continuous or perfect correlation between gold and usdx

[alenero1 10]

We are witnessing a period of low volatility, the ratio 6/100 of the historical volatility has fallen below 35%, expect a wide-range bar the biggest of the last 10 bars, to get an indication about where the price will move

[jimbo320 10]

If the politicians could print gold they would. They can't so buy it.

[Ianprotrader 10]

Definitely I think that the gold has finished the correction of the recent rally, and it is about to start a new bullish session. There is a double-bottom pattern at $1700, which is a strong signal for the gold. A break-up of the current resistance at $1740 will be the beginning of the bullish reversal and the gold will probably try to take over $1800 again.

[Obsidian 10]

looks pretty bullish to me, as long as it stays above 1749

[vs777 10]

gold trend will depend on global economic conditions. and it depends on US dollar condition also.

 

i am really glad after knowing about this thread.

[mohsinqureshii 10]

Only way gold is going is up.

Buy on dips for long term targets of 2500 and 3700.

 

are you talking about 3700 $ per oz ? When ?

[Obsidian 10]

I think gold will touch 1682/71 before it turns north again...A daily close above 1717 changes this scenario though...

[jimbo320 10]

I'm talking long term over many years. I couldn't say when so I'm not advocating a trade.

I'm a buyer/holder on dips/extreme sell offs. I like it when gold tanks 5%. That usually gets me interested, but I wait for support levels before buying.

I'm not a buyer here, maybe under 1500.

[vs777 10]

I believe gold trend on the basis of daily trend which is estimate on the basis of technical analysis. like today's gold trend is down. it depends upon the analysis style.:helloooo:

[Obsidian 10]

it depends on time frame I think...Besides trends usually refer to longer time frames

[SunTrader 10]

.....

i am really glad after knowing about this thread.

You are? Whole lotta nothing.

 

Well besides opinions anyway.

[Obsidian 10]

I think gold will touch 1682/71 before it turns north again...A daily close above 1717 changes this scenario though...

 

nice move but still 1720/25 may be tough to pass

[yansen 10]

XAUUSD possible support around 1645.00 ? What you guys think?