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Gold fell near USD 47 yesterday. The dropped was basically triggered by the Fed. meeting, from 1860 all the way to 1803 before the market ended at 1811. The price was supported by the S-T support line(1) up to the Fed meeting. The S-T trend was a one-way down once the support(1) and the bottom of the downtrend channel(2) broke. A bottom near 1802 has formed...

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Gold continued to retreat yesterday. The price has traded between 1860-68 early in the Asian and European sessions until it broke the support at 1860 at the US session. Day-low touched 1851 and the day ended near 1858, down by USD 7. Gold remained in the downward channel(1) on the 1-hr chart. Price should run between the resistance at 1867 and the S-T support...

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Gold dropped to as low as 1843 yesterday, but the price has rebounded quickly once the US session began. After 2 consecutive days of consolidation, an S-T downtrend(1) has been formed on the 1-hr chart. The upper resistance is now sitting near 1895. The gold price is moving lower(3) after it has escaped the M-T support line(2). But the buying support is...

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Gold began its fall after the price has touched 1903 early in the European session last Friday. Since then, the buying support has vanished altogether and the price has kept rolling lower till the end of the US session, which ended the week at 1876. As a result of the price has broken the S-T support line(1) and the lower than normal trading volume from the...

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The price has fallen to 1869 before the US session opening yesterday, but it rallied from the weekly low right after the US CPI figures, and the market ended near day-high around 1898. Although gold is now back to the 1880-1910 price range and broke the resistance line(1), the rebounding momentum from 1869 is not strong at all yesterday. S-T the price might...

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The trend hasn't changed much in the past 24 hours in the 1-hr chart. We are expecting some major fluctuation in the coming US session. But before gold breaks any support or resistance, the price should maintain its path within 1883-1903 and the S-T resistance line(1) is still valid. Gold is still trading in a tight range 1883-1903 on the daily chart. The...

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Gold once again rejected by 1900 yesterday. The uplifting momentum has slowed down after the price escaped the S-T support line(1) in the Asian session. Price sank below 1895 and the day ended at 1891. The S-T trend has shifted from upward to horizontal. Before a new S-T trend is formed, the price should trade between 1880-1910(3). Gold maintains its path...

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Gold gained slightly yesterday. In line with our expectation, the price had traded within the triangle pattern(1) throughout the day, with the price reached day-high 1900 breaking the resistance line(2) at day end. As the price has escaped the triangular structure(1), the trading zone for today should shift to 1895-1915(4.1). Notice, a new S-T support line(3)...

1uptick Updated 

Gold rebounded from the 2-week low last Friday. Pressure by the selling from the night before, the gold price has dropped to 1855 early in the Asian session. But it has rebounded and stayed above the 1870(1) support in the European session. Quickly after the US employment figures, the price reached day-hihg 1896 with the week ended near 1889. An S-T bottom...

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Gold slid over 2% yesterday. The market was opened near day-high 1908. The price has broken the bottom of the triangle pattern(1) early in the European session, showing a sign of weakness. It then dropped further to day-low 1864 at the US session, with the trading day ended at 1870, down by USD 37. Gold has broken yesterday's low 1864 early in the Asian session...

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Gold rebounded from 1895 yesterday. The price was supported by 1895(1) and the S-T support line(2.1) early in the day. It broke the resistance at 1900 and went all the way to 1908 once the US market opened. The market ended near day-high around 1908. The range 1880-1910(3) that mentioned yesterday is still good. After the price rejected by 1909 yesterday, a...

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Gold retreated from the 5-month peak yesterday. The price was rejected by the resistance at 1915 early in the Asian/European session. It broke the support at 1900 at the US session, touched as low as 1892. The day ended at 1900. The uptrend that originated from May 17 is now finished as the price has escaped the uptrend channel(1). Before a new trend being...

1uptick Updated 

The gold market finally closed above 1900 last Friday. The price was rejected by 1895 early in the day. A round of technically selling(2) was triggered by the break of the uptrend channel(2) at the US session opening, but the price quickly rebounded. Once it crossed the S-T resistance line(3), the price went straight to 1900 with the day ended at 1902. The...

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Gold was bounded by a tight USD8 range yesterday, up slightly with USD4 gain. The pattern on the 1-hr chart hasn't changed much while the price is remaining in the uptrend channel(1). The trading volume is not as high as last week so far, therefore, it might take a bit more time for the market to break the next resistance at 1915. The horizontal trading range...

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Gold closed near 1896 yesterday, pretty much unchanged from the day before. The price is still trading within the S-T horizontal range 1890-1910(2) bounded by the uptrend channel(1). A new round of technical selling will be triggered if the price breaks the bottom support of the channel(1). On the upside, a new resistance line(3) has formed in the last 24 hours,...

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Gold slipped from the 4-month peak yesterday. The price had traded between 1900-10 until reaching day-high 1912 in the US session. The price then began to consolidate all the way to day-low 1889. The market ended at 1895. Gold has got close to our target 1915-20 level with the day-high 1912. Although the price has fallen before the market closing yesterday,...

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Gold finally escaped the triangle pattern yesterday. It was bounded by the resistance and support of the triangle(1) early in the Asian and European session. Buying orders were triggered by the breaking of the resistance line(2) during the US session, the price then went all the way to 1900, ended the day at 1899. Gold closed near day high yesterday, showing...

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The gold market was relatively stable yesterday bounded within 1875-85, closed at 1880. The price was controlled by the triangle pattern(1) yesterday. The break of support line(1) has triggered a round of selling early in the Asian session today. A renewed triangle pattern(3) is now formed by the new support line(3.1) and the same resistance line(2) from...