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Gold hovered near the 4-1/2 month high last Friday. The price has traded near the bottom of the uptrend channel(2) around 1875 early in the trading day. It then broke the resistance line(1) at the US session, reached day-high at 1889. The market ended at 1880, slightly gained USD 2. The uptrend channel(2) is now perfectly completed. A new resistance line(3.1)...

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The gold market was relatively stable yesterday. The price touched day-low 1865 after it has broken the S-T support line(1). Then gold has begun its rebound at the US session, climbed all the way to day-high 1883. The market ended near 1877. The price is now bounding within the 1855-90(2) range, with a downward resistance line(3) formed in the past 48...

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An interesting trading day for Gold yesterday. The market opened near 1869. The break of the S-T support line(1) early in the Asian session has triggered selling toward day-low 1851. Then the price quickly rebound at the US session opening, climbed all the way to the 3-months high at 1890. After all the choppy movements, the market closed at 1869, basically...

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Gold edged to a 3-1/2 high near 1868 yesterday, the price has broken the key resistance at 1843 early in the Asian session and the momentum carried on at the US session pushing the price to the peak at 1868. The price has touched our target @ 1874 during the Asian session today, the S-T 1:1 range(1) after breaking 1843 is basically completed. Gold is still...

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Gold edged higher last Friday. The price has gone all the way to 1840 for the weekly close after it broke the S-T resistance line(1) and the key resistance 1826(2) during the Asian session on Friday. The upward momentum is continuing on the 1-hr chart while the gold price has finally crossed the 1843 barrier earlier today. The escape of the 1812-43 trading...

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Gold rebounded from the 1808 weekly low yesterday. The S-T trend hasn't changed much as the range is staying between 1812-26. After the price touched the low at 1808 with the market closed near 1826 yesterday, seems like buying orders are entering the market, the gold price may climb higher if it breaks the S-T resistance line(1). As mentioned yesterday, the...

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Gold fell below 1820 in choppy trading yesterday, within our expected range of 1820-1845. The trend is now shifting downward after the price has broken the support at 1820 before the market closing yesterday. The trading range for today has been lower to 1812-26, and it may move further down to 1796-1812 in the next 48 hours. Since the gold market has been choppy...

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Gold fell to as low as 1817 yesterday in the US session, but the closing price was unchanged from the day before, 1836. Gold has broken the support line(1) early in the Asian session today, showing the selling pressure is increasing. But so far, the buying support seems strong at below 1826 level, expect an 1820-45 range-bound for now. A new S-T downward...

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Gold hovered near the 3-month peak yesterday. The price broke the S-T support line(1) early in the Asian session and reached a new high 1845 at the US session. Overall has gold traded between 1830-45 throughout the day with the market closed at 1835. The S-T upward trend that's originated from 1766 has finished as the gold price escaped the support line(1), the...

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Gold jumped more than 1% last Friday. The price has traded in a tight range between 1817-21 in the Asian & European session last Friday before the US employment figures. It reached a 2-months high near 1843 and the market closed near 1831. A new S-T support line(1) has been formed since the upward momentum accelerated after the price broke the 1800 resistance...

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Gold has carried the buying momentum from the rebound of the double bottom structure 48 hours ago, broke the key resistance of 1796-1800 yesterday. The buying has remained strong today hitting a new high of 1820 in the Asian session today. A reversal sign has yet to be seen on the 1-hr chart, the situation is pretty much the same as yesterday, the current climb...

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Gold closed near day-high yesterday around 1786. Overall, the price is still running within the 1770-98 range in the 1-hr chart. An S-T double-bottom pattern has been formed in the past 48 hours, as the price broke the 1783 neckline, the S-T target is now set at 1791-96(1). An S-T support line(2) has also been formed in the past 24 hours, the current S-T climb...

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Gold fell from the 2-month high again yesterday. The price was trading between 1780-1790 during the Asian and European session. Buying began at the US session, the price has touched 1798 but fell quickly all the way to day-low 1770. The market ended at 1778. The trading was in line with the expectation yesterday, range-bound in 1766-1798. Resistance near...

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Gold traded in a tight range last Friday, fluctuating between 1763-1773. The S-T range-bound trend remains, it's a good chance to take advantage of the 1760-90 range in coming days. Gold failed to push higher after the Fed. meeting last week. 1760-1790 remains the range on the daily chart. S-T Resistances: 1790 1780-83 1775 Market Price: 1773 S-T...

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The Gold market yesterday, Asian session: Opened near 1770 with the price has risen slowly European session: Crossed the resistance at 1775, S-T rejected by 1780 US session: Buying momentum has picked up, broke the resistance at 1783 & 1790. Hit a near 2-months high of 1798. Market closed at 1792 Gold rose over 1% yesterday, but it was rejected by the previous...

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Gold slipped below 1780 last Friday. It has traded between 1783-1790 early in the Asian session, & the price broke the S-T resistance line(1) during the European session. Technical buying has pushed the price all the way to the day-high near 1795. With selling began in the US session, the price has dropped to day-low 1769 and the day ended at 1777. Gold is...

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Gold was not able to stay above 1790 yesterday. Carrying the uplifting momentum from the day before, the gold price hit the previous high of 1797 early in the Asian session. Since then, the price has kept rolling lower, broke the S-T support line(1) in the European session, and fell all the way to day-low 1775. The day ended at 1783. The upward momentum winded up...

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Gold gained USD 17 yesterday, approaching $1800. The market opened at the day-low near 1775 level. The first attempt toward 1790 was failed early in the Asian session, and it broke the 1790(1) resistance at its second trial in the US session. The price then went all the way to the day-high near 1797. The day ended at 1893. An S-T support line(2) has been...