GOLD Intraday Technical analysis 2011-11-30

Gold broke the intermediate resistance of its medium-term bearish channel in 1715 leading to an acceleration. A pull back on these levels is expected before a resumption of bullish.
According to previous events, the market indicates a bullish opportunity on the levels of 1715 with a 1st objective of 1725, then 1730. A break in 1713 would invalidate this scenario.

Record Gold Hoard Spurs Bullish Bets

Gold traders are more bullish after investors accumulated the biggest-ever hoard of the metal, with Europe’s deepening debt crisis driving them to protect their wealth with this year’s second-best performing commodity.
Eighteen of 26 surveyed by Bloomberg expect bullion to rise next week. Holdings in exchange-traded products backed by gold reached a record 2,350.8 metric tons on Nov. 23, now valued at $127.6 billion, according to data compiled by Bloomberg. Hedge funds and other speculators increased their net-long position, or bets on higher prices, for four weeks, the longest stretch since March, Commodity Futures Trading Commission data show.
Almost $12 trillion was wiped off the value of global equities since May on mounting concern about slower global growth, driving investors to what are perceived as the safest assets. Yields on Treasuries fell to a near-record low and gold is heading for an 11th consecutive annual gain. Bullion beat every other member of the Standard & Poor’s GSCI gauge of 24 commodities this year except for gasoil. READ MORE

GOLD Intraday Technical analysis 2011-11-23

The gold approach to the intermediate resistance of its medium-term bearish channel in 1710 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1730.
According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1710 with a 1st objective of 1720, then 1725. A break in 1708 would invalidate this scenario.

GOLD Intraday Technical analysis 2011-11-22

Gold is currently testing the intermediate resistance of its medium-term bearish channel in 1684 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1704.
According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1684 with a 1st objective of 1695, then 1704. A break in 1681 would invalidate this scenario.

GOLD Intraday Technical analysis 2011-11-18

Gold approaching to the lower limit of its medium-term bearish channel in 1692 suggesting a rebound. However a break of these levels would initiate a bearish trend more violent.
According to previous events, the market indicates a bullish opportunity on the levels of 1692 with a 1st objective of 1705, then 1710. A break in 1689 would invalidate this scenario.

GOLD Intraday Technical analysis 2011-11-17

The gold approaches to the upper limit of its medium-term bearish channel in 1775 suggesting a decline. However a break of these levels would free up significant potential and initiate a new trend.
According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1775 with a 1st objective of 1785, then 1790. A break in 1773 would invalidate this scenario.

GOLD Intraday Technical analysis 2011-11-16

Gold approaching to the upper limit of its medium-term bearish channel in 1790 suggesting a decline . However a break of these levels would free up significant potential and initiate a new trend.
According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1790 with a 1st objective of 1800, then 1805. A break in 1788 would invalidate this scenario.

GOLD Intraday Technical analysis 2011-11-15

Gold is currently testing the intermediate support of its medium-term bearish channel in 1765 suggesting a rebound . However a break of these levels would entail a return to the lower limit of its channel to 1731.
According to previous events, the market indicates a bullish opportunity on the levels of 1765 with a 1st objective of 1775, then 1782. A break in 1763 would invalidate this scenario.

GOLD Intraday Technical analysis 2011-11-14

The gold approaches to the upper limit of its medium-term bearish channel in 1795 suggesting a decline. However a break of these levels would free significant potential and initiate a new trend.
According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1795 with a 1st objective of 1805, then 1808. A break in 1793 would invalidate this scenario.

GOLD Intraday Technical analysis 2011-11-09

Gold is currently testing the lower limit of its medium term bullish channel in 1784 suggesting a rebound. However a break of these levels would release a large potential of drop and initiate a new trend.
According to previous events, the market indicates a bullish opportunity on the levels of 1784 with a 1st objective of 1794, then 1798. A break in 1782 would invalidate this scenario.

GOLD Intraday Technical analysis 2011-11-08

Gold is currently testing the intermediate support of its medium-term bullish channel in 1790 suggesting a rebound. However a break of these levels would entail a return to the lower limit of its channel to 1772.
According to previous events, the market indicates a bullish opportunity on the levels of 1790 with a 1st objective of 1800, then 1805. A break in 1788 would invalidate this scenario.

GOLD Intraday Technical analysis 2011-11-07

Gold is currently testing the upper limit of its medium term bullish channel in 1779 suggesting a decline. However a break of these levels would initiate a bullish trend more violent.
According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1779 with a 1st objective of 1789, then 1792. A break in 1777 would invalidate this scenario.

A Blessed Eid al-Adha!

InstaForex Company extends the best greetings to our Muslim customers on the occasion of the Eid al-Adha holiday!
Here came the holy festival we all have longed for. May Eid al-Adha bless the people, bring salvation to the poor and the needy, and peace and prosperity to the mankind, and show us the Right Path!

Welfare you deserved is the best welfare. A friend reminiscent of Allah is the best friend. May you enjoy a blessed Eid al-Adha! May the years to come be holy and happy, healthy and wealthy for you and your dear ones!

Kind regards, InstaForexCompany

InstaForex - Gold Sponsor of Forex & Investments Summit 2011

The international broker InstaForex became the official Gold Sponsor of the ninth exhibition Forex & Investments Summit held on November 15-16 in Abu Dhabi. The status Gold Sponsor is an honor as well as a responsibility for InstaForex, because a high status of the exhibition Forex & Investments Summit is acknowledged by all participants of the financial market. We are glad that the organizers of the expo Forex & Investments Summit and the international broker InstaForex became partners arranging this event.

Forex & Investments Summit is one of the most recognized financial exhibitions in the world. Annually Forex & Investments Summit gathers leading representatives of the financial sector around the globe. Traditionally, the majority of participants and guests of the expo will be representing currency and other investment markets.
At the exhibition Forex & Investments Summit awards in 19 categories will be handed in, including such as "Best Forex Broker", "Best PAMM Broker", "Best Retail Broker" etc.
We invite guests related to financial markets to visit this remarkable event, that will be of interest to all of you.

GOLD Intraday Technical analysis 2011-11-04

Gold is currently testing the intermediate resistance of its medium-term bullish channel in 1764 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1770.
According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1764 with a 1st objective of 1770, then 1775. A break in 1762 would invalidate this scenario.

GOLD Intraday Technical analysis 2011-11-03

The gold approaches to the upper limit of its medium-term bearish channel in 1742 suggesting a decline. However a break of these levels would free up significant potential and initiate a new trend.
According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1742 with a 1st objective of 1752, then 1755. A break in 1740 would invalidate this scenario.

GOLD Intraday Technical analysis 2011-11-02

Gold is currently testing the upper limit of its medium-term bearish channel in 1726 suggesting a decline. However a break of these levels would free up significant potential and initiate a new trend.
According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1726 with a 1st objective of 1736, then 1739. A break in 1724 would invalidate this scenario.

GOLD Intraday Technical analysis 2011-11-01

Gold is testing the intermediate resistance of its medium-term bullish channel in 1728 suggesting a decline . However a break of these levels would allow it to reach the upper limit of its channel to 1757.
According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1728 with a 1st objective of 1738, then 1740. A break in 1726 would invalidate this scenario.