Gold Futures - Dec 15 (GCZ5)

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1,132.90 +10.30    +0.92%
28/08 - Closed. Currency in USD ( Disclaimer )
Type: Commodity
Group: Metals
Unit: 1 Troy Ounce

  • Prev. Close: 1,122.60
  • Open: 1,125.50
  • Day's Range: 1,123.10 - 1,140.30
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Gold 1,132.90 +10.30 +0.92%
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Gold Technical Analysis

Summary:STRONG BUY
Moving Averages:BUYBuy (8)Sell (4)
Technical Indicators:Strong BuyBuy (9)Sell (1)

Pivot PointsAug 28, 2015 08:59PM GMT

NameS3S2S1Pivot PointsR1R2R3
Classic1131.441132.471133.141134.171134.841135.871136.54
Fibonacci1132.471133.121133.521134.171134.821135.221135.87
Camarilla1133.331133.491133.641134.171133.961134.111134.27
Woodie's1131.241132.371132.941134.071134.641135.771136.34
DeMark's--1132.801134.001134.50--

Technical IndicatorsAug 28, 2015 08:59PM GMT

Name Value Action
RSI(14) 55.933 Buy
STOCH(9,6) 59.386 Buy
STOCHRSI(14) 55.827 Buy
MACD(12,26) 2.100 Buy
ADX(14) 21.098 Buy
Williams %R -43.023 Buy
CCI(14) 55.7325 Buy
ATR(14) 4.2143 High Volatility
Highs/Lows(14) 0.0000 Neutral
Ultimate Oscillator 44.744 Sell
ROC 0.239 Buy
Bull/Bear Power(13) 3.7000 Buy

Buy: 9

Sell: 1

Neutral: 1


Summary: Strong Buy

Moving AveragesAug 28, 2015 08:59PM GMT

Period Simple Exponential
MA51133.74
Sell
1133.36
Sell
MA101132.43
Buy
1132.66
Buy
MA201130.71
Buy
1130.68
Buy
MA501126.94
Buy
1130.42
Buy
MA1001134.29
Sell
1132.24
Buy
MA2001137.87
Sell
1132.00
Buy

Buy: 8

Sell: 4


Summary: BUY

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Latest Gold Comments

E Seng SNG
E Seng SNG 1 hour ago
if the dlr corrects by 20-25% ..why would au be bearish at this lvl ??
E Seng SNG
E Seng SNG 1 hour ago
check out AU open-interest ..bullish ?
MH MHMH
MH MHMH 1 hour ago
gordon rictchi don't understand your view you right bullish comments but post bearish charts, i believe we are going to $1200 is next target, even with a higher dollar, gold did the same thing before the fore, i do't thing the dollar will be a problem.
Gordon Ritchie
Gordon Ritchie 3 hours ago
The dollar is never a problem when there is the Chinese currency backing it from the point of view of being tied to it and the Chinese being the defacto creditor for a nation that in general holds a hat in hand. (As history has proven) The dollar is overvalued probably by a good 25% and this does not serve China's interests nor any emerging markets hence in Chinas case they are not as before tied to the dollar. With this in mind and the current situation one could very well expect an inflationary push from China going forward. Now I would say there are two trains of thought here based on a dollar correction of between 20/30%. 1) The dollar sees an interest rate hike or alternatively 2) the Fed prints up a further round of QE. or both of the above simultaneously. This is about competitive trade advantage but so is it about the IMF and its decision to not include the Yuan in the basket. The point is don't be so sure China will tie to the dollar going forward again...
Gordon Ritchie
Gordon Ritchie 3 hours ago
now should they not one can imagine a little more than a push of inflation going forward from China as it continues to liquidate treasuries(according to Washington)...commodities are priced in dollars and emerging markets as a whole are in trouble as well as global trade is nonexistent. simply put expect QE and interest rate hikes at the same time as China steps back and does not return and peg to the dollar going forward again. Under those circumstances the US inflationary pressures will come and I don't think China will be standing by again holding the dollars hand.
Gordon Ritchie
Gordon Ritchie 3 hours ago
the charts are what they are...if you want your 1200 then look at the monthly...do I think it will come (maybe) do I think gold has further downside (yes)
Gordon Ritchie
Gordon Ritchie 3 hours ago
I would point out that through not being pegged to the dollar the Yuan will not strengthen against other emerging market currencies going forward...the dollar is overvalued and it is this that causes the problems for emerging markets and it is emerging markets who hold dollar reserves and they will start liquidating those reserves prior to a dollar correction unfolding. (if they are wise)
Lian Huiyan
Lian Huiyan 2 hours ago
I go long in gold
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