The forecast for gold is to keep buying it while holding your position.

Do not throw away buy positions as prices are amplifying at the moment. Whenever any retracements occur, trade gold with a buy position.

Next target: Unsure
Today's gold trend: Up

Gold closed lower on Friday hit by a rising US currency and profit taking. Ahead of key policy meeting this week, the dollar advanced against its major rivals and the yellow metal supposed as a substitute often moves inversely to the greenback. The chart shows a break below the moving averages with some analysts pointing that the downward move was accentuated by technical selling. In addition to the currency pressure deflationary data from Germany also weighted on gold, few officials warning that the Euro could see further hits.

The short term trend is sideways while the medium and long term trends are upbeat.

Support: $918.10 (Friday's low)
Resistance: $957.50 (high of 23/03/09)

Support: $911.65 (low of 17/03/09)
Resistance: $945.32 (high of 26/03/09)

Support: $906.55 (low of 12/03/09)
Resistance: $936.15 (Friday's high)


9 day moving average - $936.17
14 day moving average - $930.14
40 day moving average - $933.95

Today's forecast for gold is to sell around 965 dollars per ounce gold.

Gold has rallied to 966 recently and a correction is overdue. Thus, whenever gold hovers around 965 levels or 960 plus, trade with a sell position. The 940 price level is the short term target.

Next target for gold: 940
Today's oscillation for gold: 965-940
Today's gold trend: Down

Gold finished slightly lower Friday on pre-weekend profit taking, catching its breath after a sharp increase since the conclusion of the FOMC meeting. Technically gold lost just 1.70 dollars so this limited profit taking combined with the fact that the 9 day moving average crossed above the 40 day moving average are good indications for the bulls. The move was interpreted as ‘rather a healthy consolidation' by some traders given that gold is expected to rise further due to inflation fears.

The short term trend is sideways while the medium and long term trends are bullish.

Support: $946.05 (Friday's low)
Resistance: $978.10 (high of 25/02/09)

Support: $931.50 (low of 26/02/09)
Resistance: $974.17 (high of 17/02/09)

Support: $929.60 (low of 06/03/09)
Resistance: $967.00 (Friday's high)


9 day moving average - $936.64
14 day moving average - $930.22
40 day moving average - $932.28

Book your profit on gold and remain on sidelines until next forecast on monday

Friday, March 13, 2009

The gold price wildly went upto 938 dollars per ounce gold as it was forecasted. The gold price pierced the strong resistance level of 924 dollars per ounce gold with strong momentum as predicted. The uptrend seems to be confirmed. But don't go wildly buying gold. The gold price will stabilize around 924 dollars per ounce gold for some days to come. Don't go for long positions now. The uptrend for gold needs further confirmation. Settle your positions of your bought gold around 930 dollars per ounce gold and look for another low to have another opportunity to buy. However it is good to wait for the clear technical signal for either buy or sell. For the time being, gold price does have a chance to go lower or higher. It is good not to establish any position.

Next target for gold is to remain on sidelines
Today's oscillation around 924 dollars per ounce gold

The PMO indicator shows clear uptrend indication. It is supported by Moving average, MACD and ichimoku indicators. But for a while the market will settle at the resistance level of 924 dollars per ounce gold. Technical indicators show the rise in gold price is inevitable.

Selling gold finished, Now buy gold

Thursday, March 12, 2009

The gold price remained sidelines as forecasted yesterday. Neither it stabilized above 912 dollars per ounce gold nor it went down. The signal is pretty clear. Though several media report a bearish trend for gold, don't be fooled by their forecast. The PMO indicator has clearly shown the uptrend is starting. If the price falls below 890 dollars per ounce gold, don't worry. Buy gold at the lowest price possible for great profit making series. Today's forecast for gold is to buy anything around 900 dollars per ounce gold. The strong resistance for bullish trend lies at 924 dollars per ounce gold. Book at least 24 dollars to your profit. Buy gold around 900 dollars per ounce gold.

Next target for gold is 924 dollars per ounce gold.
Today's oscillation: 932 dollars per ounce gold to dollars per ounce gold.

All the indicators has started to show a rally coming in near future. Look stochastic chart for correct position to buy the gold. See our updates for accurate forecast. Do not be fooled by the fundamental analysis. If the trend is started it will be hard for the fundamental news and stock indexes to break the trend. For now, have a close look at the gold price.

Buy gold, if the price goes lower, buy more gold

Wednesday, March 11, 2009

The gold price exactly closed around 890 dollars per ounce gold as forecasted. Hope everyone got a great profit with our accurate forecast. The crucial pivot point of 890 dollars per ounce gold has been reached. The gold price will remain sidelines for a day or two before moving up. It might go down below 890 dollars per ounce gold but don't worry. You can buy the gold without hesitation. Gold price managing to close above 912 dollars per ounce gold will thrust more upward movements in the days to come. If 875 dollars per ounce gold is pierced today don't worry. Buy more gold at those levels. The gold price will eventually go up. It is good to watch market today if you don't like to buy.

Next target for gold is unsure. It might remain sidelines.
Today's oscillation is 912 dollars per ounce gold to 875 dollars per ounce gold

Technical indicators show that the gold price will go upwards. The trend will be strongly up after some days. Rely on technical forecast with lots of indicators. Don't go wild today. Look for technical indicators to show clear sign to buy.

Sell gold today, if it goes below 895 dollars per ounce gold, buy gold

Tuesday, March 10, 2009

Gold price hit our target of 924 dollars per ounce gold nicely as forecasted. Our forecast for gold price was accurate as gold price even broke 924 support level and touched 912 dollars per ounce gold support level. Hope everyone got another series of profit booking. Today's forecast for gold is gold price will touch about 890 dollars per ounce gold. But mind you, those levels are again going to throw prices back rapidly. Sell gold but with caution at lower levels. If the gold price manages to go close to 890 levels and retrace, don't forget to buy as much gold as you can. The gold is forecasted to change the trend around this level.

Next target for gold is 890 dollars per ounce gold
Today's oscillation for gold is 920 dollars per ounce gold to 890 dollars per ounce gold
Trend: Down

CAUTION: Don't sell gold below 900 dollars per ounce gold. That is the red zone!

Have a close look at stock market prices. Specially DOW index or DJ Index.
Have a close look at MACD indicator at 1 hour gold chart and 4 hour gold charts. See whether this indicates end of the bearish trend. Have ichimoku clearly indicate the position to buy gold. Have a close look at stochastic oscillator before deciding. Although the price goes to these levels, the gold price will not jump instantaneously. You can wait until the indicators show you the correct trend for gold. Look all technical indicators for accurate forecast

Sell gold today for making handsome profit

Monday, March 9, 2009

Friday's gold forecast was absolutely correct. Today the forecast for gold is to move lower. The gold is expected to go lower to meet 912 dollars per ounce gold. Sell the gold and book the profit. Prices will bounce off the 942 dollars per ounce gold. If price stabilizes above 942 dollars per ounce gold, for next few days, the price of gold will reach 962 dollars per ounce gold. Anyway, price will fall eventually. Its a pretty good sell gold market.

Next target for gold is 912 dollars per ounce gold.
Today's oscillation 945 dollars per ounce gold to 910 dollars per ounce gold.

The price will not go uptrend until we get the enough volume and clear indication from ichimoku and MACD indicators. See the money flow index and bollinger bands indicators to find out the actual trends.

Remain on sidelines on trading gold

Friday, March 6, 2009

The gold market was quite unsure as predicted. Gold price went from 918 dollars per ounce gold to 907 dollars per ounce gold then gold price went abrubtly above 932 dollars per ounce gold. This was the good resistance level. The trend of gold is not quite sure at the moment. 890 dollars per ounce gold is still likely but if price of gold does not manage to go below 932 dollars per ounce gold today, it is definitely an uptrend for gold. It is good to just wait and watch. Watch closely at 924 dollars per ounce gold levels and 932 dollars per ounce gold level.

Next target for gold is not sure today. However ichimoku kinyo hyo indicator and Moving average convergence divergence (MACD) does not confirm down trend. However PMO indicator shows a sharp bending.

Today's oscillation for gold price is 948 dollars per ounce gold to 924 dollars per ounce gold.

Remain on sidelines on trading gold

Thursday, March 5, 2009

Absolutely glorious day yesterday for gold sellers above 920 dollars per ounce gold. The as price just touched 920 dollars per ounce gold and went for 900 dollars per ounce gold. Hope everyone had a handful of profit selling the gold. The forecast for gold today is to remain in sidelines. Since the price has touched the key psychological level of 900 dollars per ounce gold, market can jump anytime, but 890 dollars per ounce gold is still likely. This may be a buying opportunity for short trend aggressive gold traders. Don't hold position for a long time. The price might go up for short time to the resistance level of 932 dollars per ounce gold to 942 dollars per ounce gold. Be cautious in trading gold today.

Next target for gold is unsure.
Today's oscillation: 925 - 890

CAUTION: Avoid long positions. Wait for the market move

Don't sell gold until the price goes 920 dollars per ounce gold

Wednesday, March 4, 2009

Hope, everyone had handful of income selling gold yesterday. The price just went below 912 dollars per ounce gold. The downtrend is not over. Today's forecast for gold is to remain in sidelines. Don't expect the price of gold to go 890 dollars per ounce gold today. Sell gold if the price of gold goes over 920 dollars per ounce for another profit making series. Expect gold to touch 900 dollars per ounce. This might be the last selling chance. See how the price of gold behaves today

Next target for gold today: 912 dollars per ounce gold
Today's price for gold will go from 924 dollars per ounce gold to 900 dollars per ounce gold.

Don't sell gold below 900 dollars per ounce. That is the red zone for selling gold. Gold price can jump anytime, but the gold will not go up until it touches 89o dollars per ounce gold.

Sell gold today for good profit making

Tuesday, March 3, 2009

Yesterday the gold price declined below 930 dollars per ounce. Decline in prices of gold below major psychological level 930 dollars per ounce confirms the gold market is going down to 890 levels in this trend. However, it will remain at support level of 912 dollars per ounce for few days. The gold price might go to higher levels before gold price finally meeting the 890 dollars per ounce.

Next target for gold: 912 dollars per ounce.
Today's gold price goes between 932 dollars per ounce to 905 dollars per ounce.
Trend for gold is Strongly down for some more days until it reaches 890 dollars per ounce.

Don't sell gold or Buy gold today

Monday, March 2, 2009

Gold price is expected to retrace to a level of 890 dollars per ounce before going higher. Meanwhile, the prices will sit around at 950 levels. Look for price greater than 960 dollars per ounce for a good gold sell.

Next Target for gold: 932 per ounce
Gold price will oscillate between 960 dollars per ounce to 932 per ounce