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Gold Futures - Feb 15 (GCG5)

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1,195.80 +1.00    (+0.08%)
19/12 - Closed. Currency in USD ( Disclaimer )
Type: Commodity
Group: Metals
Unit: 1 Troy Ounce

  • Prev. Close: 1,194.80
  • Open: 1,198.20
  • Day's Range: 1,193.90 - 1,201.40
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Gold 1,195.80 ++1.00 (++0.08%)
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Gold Technical Analysis

Summary:STRONG SELL
Moving Averages:Strong SellBuy (0)Sell (12)
Technical Indicators:Strong SellBuy (1)Sell (7)

Pivot PointsDec 19, 2014 10:00PM GMT

NameS3S2S1Pivot PointsR1R2R3
Classic1193.401194.301194.801195.701196.201197.101197.60
Fibonacci1194.301194.831195.171195.701196.231196.571197.10
Camarilla1194.911195.041195.171195.701195.431195.561195.68
Woodie's1193.201194.201194.601195.601196.001197.001197.40
DeMark's--1194.551195.581195.95--

Technical IndicatorsDec 19, 2014 10:00PM GMT

Symbol Value Action
RSI(14) 45.299 Neutral
STOCH(9,6) 34.619 Sell
STOCHRSI(14) 20.374 Oversold
MACD(12,26) 3.820 Buy
ADX(14) 23.790 Sell
Williams %R -71.642 Sell
CCI(14) -166.4267 Sell
ATR(14) 2.8000 Less Volatility
Highs/Lows(14) 0.0000 Neutral
Ultimate Oscillator 48.684 Sell
ROC -0.259 Sell
Bull/Bear Power(13) -3.2960 Sell

Buy: 1

Sell: 7

Neutral: 3


Summary: Strong Sell

Moving AveragesDec 19, 2014 10:00PM GMT

Period Simple Exponential
MA51195.96
Sell
1196.04
Sell
MA101196.73
Sell
1196.53
Sell
MA201197.36
Sell
1197.24
Sell
MA501197.41
Sell
1197.58
Sell
MA1001197.89
Sell
1201.32
Sell
MA2001211.30
Sell
1203.43
Sell

Buy: 0

Sell: 12


Summary: Strong Sell

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Latest Gold Comments

Michael Liu
Michael Liu Dec 20, 2014 05:56PM GMT
@@@on a weekend....GORDEN RITCHIE IS SPREADING SHIXT OVER HERE.......THIS is totally BS....u need to be develpoing coutries....TO JOIN THE BRICS...AND U SAY GERMANY IS PLANNING TO JOIN THE BRICS...LOLOLOLOLOLOLOLOLOLOL I WONDERING WHY ARE U STILL ALIVE RIGHT HERE....HOW U SURVIVED MAN?

Vince Campillo
Vince Campillo Dec 20, 2014 05:25PM GMT
Well I thought this was a Good Morning but after reading Gordon's dissertation on the state of a America and it's evil ploys and schemes, I'm looking for a rope and the nearest tree. And then you end with . . . Sunshine and Smiles??? . . . C'mon Gordon, there couldn't possibly be a smile on your face after revealing all that information, I know mine is gone. Thank God there's football come Sunday!

Syed Bokhari
Syed Bokhari Dec 20, 2014 03:01PM GMT
This one is a very tough one to call. It is touch and go here…. Gold price could not really get past its pivot 1200 on Friday and seems to have been pushed down/closed below pivot 1196…. Gold price is indicating bottoming at 1192/88 but at the same time there does not appear to be much above 1197-200-04 with 1207-09 on the outside…. Gold price is probably boxed in a triangle…. With an inside day and narrow trade range, an impulse move with a break of either side of H 1201.5 / L 1193.2 can be expected…. (there are ways of how to trade this sort of set-up)…. My sentiment is for the bottom to eventually fall out for 1176 and lower ($30+ drop) and would look to Buy the drop/s in 1170-55 range…. //// For the puritans/technical buffs who follow Elliot Wave patterns would appreciate the very complex set-up (open for discussion) //// N.B. The trend remains down. Upward movement will be purely corrective in nature…. :)
Marty McFly
Marty McFly Dec 20, 2014 03:35PM GMT
the way I see it the TA, ewa is an amusing pass time and offers little on future moves for long term investment. here is a remark made by someone else, you can find it on Internet if you want to read more: ""The Elliott Wave Principle, <...> is not a legitimate theory, but a story, and a compelling one that is eloquently told by Robert Prechter. The account is especially persuasive because EWP has the seemingly remarkable ability to fit any segment of market history down to its most minute fluctuations. I contend this is made possible by the method's loosely defined rules and the ability to postulate a large number of nested waves of varying magnitude. This gives the Elliott analyst the same freedom and flexibility that allowed pre-Copernican astronomers to explain all observed planet movements even though their underlying theory of an Earth-centered universe was wrong."
Syed Bokhari
Syed Bokhari Dec 20, 2014 06:31PM GMT
Hi Marty: There will always be critics for everything. EW analysis is just an added tool and not necessarily always accurate. It does help though if, with the help of EW analysis and other tools (like the ability to read candle patterns), one can chart out a possible outcome and trade accordingly.... I was hoping for anyone here knowledgeable enough to throw some light on the current gold price behavior on the basis of EW analysis... I guess there aren't any here. Not really looking for a discussion on the merits and demerits of EW theory. The best one gets here all day are throaty Buy/Sell calls, most of them with no firm backing or explanation.... :)
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