GOLD Intraday Technical analysis 2011-12-14

The spot rate approach to the intermediate resistance of its medium term bearish channel in 1647 suggesting a decline. However a break of these levels would allow it to reach the upper limit of its channel to 1750.
According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1647 with a 1st objective of 1660, then 1665. A break in 1645 would invalidate this scenario.

Gold touches 3-week lows as crisis boosts dollar

(Reuters) - Gold hit three-week lows on Monday, after a rise in the dollar prompted enough selling to push the bullion price through a key level of support, in spite of the persistent worry about the lack of a solution to the euro zone debt crisis.
Last week's summit of European Union leaders yielded a historic agreement on beefing up fiscal discipline in the 27-member bloc, but fell short of market expectations for a more drastic solution to the crisis.
This lack of confidence in Europe pushed investors into the relative safety of the U.S. dollar, rather than gold, which has fallen by about 5 percent in the last week alone.
A stronger dollar often encourages non-U.S. holders of gold to sell the metal to lock in a higher profit in their own currencies. READ MORE

GOLD Intraday Technical analysis 2011-12-12

The gold is currently testing the lower limit of its medium term bearish channel in 1684 suggesting a rebound. However a break of these levels would entail a bearish channel more violent.
According to previous events, the market indicates a bullish opportunity on the levels of 1684 with a 1st objective of 1695, then 1702. A break in 1681 would invalidate this scenario.

GOLD Intraday Technical analysis 2011-12-06

The gold is currently testing the intermediate support of its medium term bearish channel in 1692 suggesting a rebound. However a break of these levels would entail a decline to the lower limit of this one to 1640.
According to previous events, the market indicates a bullish opportunity on the levels of 1692 with a 1st objective of 1705, then 1715. A break in 1689 would invalidate this scenario.

GOLD Intraday Technical analysis 2011-12-05

The gold is currently testing the upper limit of its medium term bearish channel in 1761 and seems to initiate a decline. However a break of these levels would free up significant potential and initiate a bullish trend.
According to previous events, the market indicates a bullish opportunity as soon as the gold will have broken its resistance in 1761 with a 1st objective of 1775, then 1780. A break in 1758 would invalidate this scenario.

GOLD Intraday Technical analysis 2011-12-02

Gold broke the intermediate resistance of its medium term  bearish channel in 1721 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 1721 with a 1st objective of 1735, then 1740. A break in 1718 would invalidate this scenario.