NeoSeemadong

ONG Focus | Technical | Written by Oil N' Gold | Sat Sep 17 11 04:47 ET Gold Weekly Technical Outlook Comex Gold (GC) Gold's choppy fall from 1923.7 extended to as low as 1765.4 last week and there is no sign of completion yet. Such decline is either consolidation to rise from 1705.4 or the third leg of the consolidation pattern from 1917.9. In either case, more choppy trading would still be seen in range of 1705.4/1923.7. But in case of deeper fall, we'd expect strong support above 1705.4 to contain downside and bring up trend resumption. Above 1923.7 should in turn send gold towards 61.8% projection of 1478.3 to 1917.9 from 1705.4 at 1977.1. In the bigger picture, firstly, gold's long term up trend is still intact and there is no signal of reversal yet. Another record high should still be seen. But we'll be cautious on another near term reversal near to 2000 psychological level and finally bring some lengthier consolidation. Meanwhile, a break of 1705.4 will argue that gold has indeed topped out with a double top reversal pattern (1917.9, 1923.7) and in such case, deeper pull back could be seen back towards resistance turned 1577.4 support instead. In the long term picture, rise from 681 is treated as resumption of the long term up trend from 1999 low of 253 and there is no sign of topping yet. Current up trend could now be targeting 161.8% projection of 253 to 1033.9 from 681 at 1945.6. Sustained trading above 2000 psychological level should pave the way to 261.8% projection at 2727.2. Comex Gold Continuous Contract 4 Hours Chart

เคยอ่านนวนิยายเรื่อง "ห้วงรัก เหวลึก" มั้ยครับ (แหะ ๆ ล้อเล่งน๊า)

เที่ยวนี้ แม่นสุด ๆ /

Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ecPulse.com | Mon Sep 12 11 03:08 ET Silver Silver is still negatively biased since Friday's closing, but as shown above on the chart, there are several signs for the upside movement to return. Consolidation above 50% Fibonacci correction at 40.90 is the first positive sign, while stability above the critical support of the upside movement at 39.80 as shown in Green is the second sign, and finally consolidation above ( point top of the suggested Bat harmonic pattern (the dark Blue) is the third one. Therefore, an upside movement is expected this week as long as the metal is stable above 38.80 and 39.80 is much better. The trading range for this week is among the key support at 38.25 and key resistance now at 45.00. The short-term trend is to the downside targeting 26.65 as far as areas of 48.50 remain intact. Support: 40.90, 40.40, 40.10, 39.75, 39.10 Resistance: 41.50, 42.30, 42.70, 43.25, 43.60 Recommendation Based on the charts and explanations above, we recommend buying silver around 40.90 and take profit in stages at (42.70 and 43.60) and stop loss with daily closing below 39.80 might be appropriate.

Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ecPulse.com | Mon Sep 12 11 03:08 ET Gold The sharp pullback from 1825.00 zones that occurred before Friday's closing is seen as a positive indication as it took the metal again above Parabolic SAR indicator. Furthermore, the support areas around 50% for the upside rally from the start point of the fifth wave to all-time recorded high have proved its solidity. Thereby, we still see that the IM -impulsive- wave which started at 1477.00 is still in progress, softly targeting 1945.00 zones. Only a break back below 1785.00 -61.8% Fibonacci- will threaten the bullish momentum, while a break below 1754.00-1746.00 will give us reasons for concern. The trading range for this week is among the key support at 1746.00 and key resistance now at 1945.00. The general trend over the short term basis is to the upside targeting 1945.00 per ounce as far as areas of 1475.00 remain intact with weekly closing. Support: 1833.00, 1815.00, 1785.00, 1772.00, 1761.00 Resistance: 1867.00, 1888.00, 1900.00, 1912.00, 1920.00 Recommendation Based on the charts and explanations above our opinion is, buying gold above 1833.00 targeting 1912.00 and stop loss below 1785.00 might be appropriate.

Gold Weekly Technical Outlook ONG Focus | Technical | Written by Oil N' Gold | Sun Sep 11 11 02:12 ET Gold Weekly Technical Outlook Comex Gold (GC) Gold made new record high of 1923.7 last week but failed to sustain gain above 1900 psychological level again and retreated. The development argues that consolidation pattern from 1917.9 is still unfolding, with fall from 1923.7 as the third leg. Hence, we'd expect another fall in near term to send Gold towards 1705.4 support. But strong support should be seen there to contain downside and bring up trend resumption. Above 1923.7 should in turn send gold towards 61.8% projection of 1478.3 to 1917.9 from 1705.4 at 1977.1. In the bigger picture, firstly, gold's long term up trend is still intact and there is no signal of reversal yet. Another record high should still be seen. But we'll be cautious on another near term reversal near to 2000 psychological level and finally bring some lengthier consolidation. Meanwhile, a break of 1705.4 will argue that gold has indeed topped out with a double top reversal pattern (1917.9, 1923.7) and in such case, deeper pull back could be seen back towards resistance turned 1577.4 support instead. In the long term picture, rise from 681 is treated as resumption of the long term up trend from 1999 low of 253 and there is no sign of topping yet. Current up trend could now be targeting 161.8% projection of 253 to 1033.9 from 681 at 1945.6. Sustained trading above 2000 psychological level should pave the way to 261.8% projection at 2727.2.

Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ecPulse.com | Thu Sep 08 11 02:43 ET Gold Despite coming below Parabolic SAR and TEMA 20 -colored in blue- but we have witnessed a very sharp upside bounce from 1790.00 zones as seen on the provided graph. One of the two required signs of AROON is presently fixed; whilst RSI 14 becomes positive contradicting with the negative signs and the aforesaid sharp decline. In the interim, our suggested Elliott sequence hasn't been damaged although areas of 1915.00-1920.00 played a big role to send the metal lower. Hence, the contrarian between signs and the aggressive upside recovery from 1790.00 force us to stay aside over intraday basis until clearer signs appear. The trading range for today is among the key support at 1760.00 and key resistance now at 1912.00. The general trend over the short term basis is to the upside, targeting $ 1945.00 per ounce as far as areas of 1475.00 remain intact with weekly closing. Support: 1825.00, 1815.00, 1800.00, 1785.00, 1770.00 Resistance: 1845.00, 1855.00, 1867.00, 1872.00, 1888.00 Recommendation Based on the charts and explanations above our opinion is, staying aside until an actionable setup presents itself over upcoming sessions.

ยินดีครับ

Posted Today, 07:38 AM ขออนุญาต ใช้เนื้อที่อีกครั้ง เวป ThaiGOLD เดี้ยงอีกแล้ว นอกจากเครื่องของเราจะอืด จากการรับเอาปริมาณคนดูมหาศาล x 2 เท่า จากช่วง peak เดิมที่เคยเกิด รอบนี้ เจอปัญหาอุปกรณ์ switch ที่ตู้รับฝากเสีย ไม่รู้จะเกิดจากเวปเราหรือเปล่า แต่ก็ต้องถือว่าเป็นบริการที่แย่ ของคนรับฝาก เจ้าของตู้ ที่ทำงานได้ช้า ไม่สมเป็นมืออาชีพ งานนี้ เลยต้องขอย้ายตู้ ไปใช้บริการกับ CSloxinfo โดยตรง คาดว่าจะเป็นวันนี้แล้วเสร็จ ถ้าเปิดได้ช่วงเช้า แปลว่าเป็นเจ้าเก่านะครับ คาดว่า การย้ายจะเกิดในช่วงเย็นหลัง 17.00น เพื่อให้น่ำเชียง สามารถประกาศราคาได้ กลับมาดูราคาทองกันต่อ เมื่อวานคาดว่าราคาจะลงแล้วดีด test 1911 เหรียญ แต่ปรากฏว่า ราคาฉีกตัวขึ้นไปผ่าน 1911 เหรียญเลย โดยไปได้ถึง 1920 เหรียญ เป็นการหลอกนักลงทุนให้ตามขึ้น ก่อนจะเทลงอย่างแรง จนหลุดแนว stoploss ของผมเมื่อวานที่ 1866 เหรียญ ตามด้วยการดีดกลับขึ้นไปสูงถึง 1910 เหรียญอีกครั้ง ก่อนจะ sideway down ลงมา เป็นอีกวันที่ราคาผันผวนรุนแรง เช้ามายืนแถว 187x เหรียญ ไม่ถึงราคาเฉียดๆ 1900 เหรียญตามที่ผมบอกไว้ว่า ถ้ายืนได้แถวนั้น MACD รายวันจะให้สัญญาณซื้อ ความคิดขึ้นต่อทันที ก็เป็นอันต้องพิจารณาใหม่ก่อน ถึงจะลงมา แต่ราคาก็ยังอยู่ในกรอบ sideway ที่คาดไว้เดิม ถือว่ายังใช้ได้นะครับ แต่แกว่งตัวแรง รักจะเข้าเก็บ ก็ต้องเผื่อ stoploss ลึกลงมาอีกหน่อย ซึ่งหมายถึง การขยายความเสี่ยง ตามความผันผวนนั่นแหละ - วันนี้ คงต้องขยับ stoploss ลงมาที่ 1755 เหรียญ แนวเก่าวันก่อน หลุดไปได้ ไม่สวยออกแนวสยอง - แนวต้าน โซน 1888-1899 เหรียญ เป็นแนว fibo ขาดีด 50%-61.8% + แนว trend ที่หลุดลงมา ถือว่าสำคัญ เอาไว้ตัดสินการกลับตัวขึ้นได้ครับ - RSI ยังอยู่โซนเหนือ 50 มุมมองยังบวก Stoch ลงต่ำกว่าขาเดิม ขณะที่ราคายังสูง อาจกลับตัวขึ้นได้เร็ว ส่วน MACD ยังเป็นขาลง แนวโน้มยังต้องมีการต่อสู้กันแถวนี้อีกยกอย่างที่คาดไว้ และส่วนตัวยังถือหางกระทิงเช่นเดิม สรุป แนวรับ 1862 1855* 1838 แนวต้าน 1888 1899* 1908 ระยะสั้น -> 1888-1899 ระยะกลาง -> 1968 ระยะยาว -> 2041

Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ecPulse.com | Wed Sep 07 11 03:03 ET Gold As shown above on the chart, gold declined sharply since the morning. Nevertheless, this decline didn’t confirm that the bullish impulsive wave has ended, which represents the fifth wave of the suggested scenario. The metal could be trading within the minor fourth wave of the fifth general wave, while after the current downside correction should end, the metal might rebound to the upside again; however, we remain neutral today, awaiting the completion of the current downside correctional movement. The trading range for today is among the key support at 1772.00 and key resistance now at 1920.00 The short-term trend is to the upside targeting 1945.00 as far as areas of 1475.00 remain intact Support: 1835.00, 1825.00, 1815.00, 1800.00, 1777.00 Resistance: 1845.00, 1855.00, 1867.00, 1879.00, 1900.00 Recommendation Based on the charts and explanations above, we remain neutral today awaiting more confirmations

GOLD - Set To Return Above The 1,911.15 Level Analysis | Commodity Technical Analysis | Written by FXTechStrategy | Mon Sep 05 11 04:01 ET GOLD - With a strong recovery wiping out most of its corrective weakness the past week, Gold is now building up pressure towards its all time high at the 1,911.15 level. A decisive break and hold above this level will pave the way for the resumption of its long term uptrend towards the 1,950 level followed by its big psycho level at 2,000. We expect this level to present a considerable resistance and turn the commodity back lower if tested. Its weekly RSI is bullish and pointing higher suggesting further gains. On the downside, the risk to the above analysis will be a return below the 1,774.35 level and the 1,702.31 level. This will open the door for a run at the 1,632.60 level, its July 29’2011 high. A reversal of roles as support is expected to turn the pair higher at this level but if that fails and a break below there occurs, further downside weakness will target the 1,600.00 level. All in all, Gold remains biased to the upside in the long term as it looks to return above its 2011 high at 1,911.15

Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ecPulse.com | Mon Sep 05 11 03:08 ET Gold The last positive weekly candlestick has fixed the bearishness candle the week before as seen on the secondary image. This bullish candlestick formation offers the required technical evidence that the metal is still drawing the previous explained IM –impulsive wave- from 1.477.00 zones which suggests new historical highs over upcoming sessions. RSI 14 needs to be relieved before; thus, some kind of bounce might be witnesses before moving higher once more. Note that TEMA 20 and Parabolic SAR are coving the current upside actions as well. The trading range for this week is among the key support at 1815.00 and key resistance now at 1945.00. The general trend over the short term basis is to the upside targeting 1945.00 per ounce as far as areas of 1475.00 remain intact with weekly closing. Support: 1867.00, 1855.00, 1845.00, 1833.00, 1825.00 Resistance: 1888.00, 1900.00, 1912.00, 1926.00, 1945.00 Recommendation Based on the charts and explanations above our opinion is, buying gold around 1865.00 targeting 1945.00 and stop loss below 1815.00 might be appropriate.

Memorandum New York Mercantile Exchange (NYMEX) COMEX (Commodity Exchange) เป็นตลาดอนุพันธ์แรกของโลกที่นำ Gold Futures เข้ามาซื้อขาย ณ วันที่ 31 ธันวาคม พ.ศ. 2517 และต่อมาตลาด COMEX ได้รวมกับตลาด NYMEX โดยใช้ชื่อว่า NYMEX แทน (และมี COMEX เป็นเหมือนกับแผนกหนึ่งใน NYMEX) แต่ทว่าตั้งแต่เดือนมีนาคม 2551 เป็นต้นมา ตลาด NYMEX ถูกควบรวมเข้ากับบริษัท CME Group ซึ่งเป็นบริษัทที่เกิดจากการรวมกันระหว่าง Chicago Board of Trade (CBOT) ที่เป็นตลาดอนุพันธ์ที่เก่าแก่ที่สุดของโลก กับ Chicago Mercantile Exchange (CME) ดังนั้น ในอนาคตเราอาจจะไม่เห็นชื่อตลาด NYMEX ก็เป็นไปได้เพราะอาจจะถูกเปลี่ยนเป็นชื่ออื่นแทน อย่างไรก็ตาม Gold Futures ก็น่าจะยังทำการซื้อขายอยู่ตามปกติแม้ว่าจะมีการเปลี่ยนชื่อหรือรวมกับตลาดอื่น ๆ Tokyo Commodity Exchange (TOCOM) ปัจจุบัน TOCOM เป็นตลาดที่มีการซื้อขาย Gold Futures มากที่สุดในเอเชียและเป็นอันดับสองของโลกรองจาก NYMEX โดยตลาด TOCOM ได้เริ่มทำการซื้อขาย Gold Futures ตั้งแต่วันที่ 23 มีนาคม พ.ศ. 2525 ซึ่งมีข้อแตกต่างที่สำคัญจาก Gold Futures ที่ซื้อขายใน NYMEX ตรงที่ความบริสุทธิ์ของทองคำแท่งที่ใช้อ้างอิงเป็น 99.99% (ในขณะที่ NYMEX ใช้ 99.5%) นอกจากนั้น TOCOM ยังได้นำ Gold Futures ที่มีขนาดเล็กกว่าสัญญาเดิมมาซื้อขายตั้งแต่วันที่ 17 กรกฎาคม 2550 http://portal.settrade.com/blog/kawee/2009/07/24/585

Comex Gold Continuous Contract Monthly Chart

Gold Weekly Technical Outlook ONG Focus | Technical | Written by Oil N' Gold | Sat Sep 03 11 14:43 ET Gold Weekly Technical Outlook Comex Gold (GC) Gold's rebound from 1705.4 extend further to as high as 1887.4 last week and seems to be accelerating. Initial bias remains on the upside for 1917.9 high. Break will confirm up trend resumption and should target 2000 psychological level. On the downside, break of 1815.5 minor support will flip bias to the downside towards 1705.4 to continue the consolidation from 1917.9. In the bigger picture, firstly, gold's long term up trend is still intact and there is no signal of reversal yet. Current development suggests that gold will attempt to make a new record high above 1917.9 in near term possibly to 61.8% projection of 1478.3 to 1917.9 from 1705.4 at 1997.1. But we'll be cautious on another near term reversal near to 2000 psychological level and finally bring some lengthier consolidation. But in any case, we won't consider medium term reversal possibly before sustained break of 55 days EMA (now at 1691.7) In the long term picture, rise from 681 is treated as resumption of the long term up trend from 1999 low of 253 and there is no sign of topping yet. Current up trend could now be targeting 161.8% projection of 253 to 1033.9 from 681 at 1945.6. Sustained trading above 2000 psychological level should pave the way to 261.8% projection at 2727.2. Comex Gold Continuous Contract 4 Hours Chart Comex Gold Continuous Contract Daily Chart Comex Gold Continuous Contract Weekly Chart Comex Gold Continuous Contract Monthly Chart

COMEX Gold Continuous Contract Last 1876.9 Change + 47.8 Change % +2.5% Open 1827.9 High 1887.4 Low 1826.9 Last Updated: Sep 02 21:15 GMT ****************************************** 10 minutes.bmp 60 minutes.bmp daily.bmp weekly.bmp

สงสัยมาแอบดูจาก อ.กัม (ของเราออกก่อน เค้าออกทีหลัง)

Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ecPulse.com | Fri Sep 02 11 02:47 ET Gold Gold is still consolidating close to the pivotal support of 1833.00 after achieving bullish actions from 1815.00 as seen on the provided four hour graph. TEMA 20-colored in blue- and Parabolic SAR are still carrying the movements from below; whilst the negative sign of AROON which appeared yesterday was fixed. Henceforth, the bullishness is still in favor over intraday basis, supported by the IM –impulsive structure-; noting that clearing 1833.00 will be a very positive indication. The trading range for today is among the key support at 1772.00 and key resistance now at 1895.00. The general trend over the short term basis is to the upside, targeting $ 1945.00 per ounce as far as areas of 1475.00 remain intact with weekly closing. Support: 1825.00, 1815.00, 1800.00, 1785.00, 1772.00 Resistance: 1833.00, 1845.00, 1854.00, 1867.00, 1875.00 Recommendation Based on the charts and explanations above our opinion is, buying gold around 1823.00 targeting 1888.00 and stop loss below 1777.00 might be appropriate

Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ecPulse.com | Thu Sep 01 11 03:06 ET Gold The metal is still consolidating below the pivotal resistance of 1833.00 as seen on the provided four hour graph. Indeed, trading is trapped within tight range, resulting in negative sign on AROON, but it is not complete bearish sign as AROON down-red- is still below levels of 30.00. In the interim, we can see stability below Parabolic SAR indicator that may fix the aforesaid sign. Anyhow, the IM-impulsive- wave consisting of five waves from 1477.00 is still in progress, encouraging us to keep our bullish overview intact over intraday basis. The trading range for today is among the key support at 1772.00 and key resistance now at 1895.00. The general trend over the short term basis is to the upside, targeting $ 1945.00 per ounce as far as areas of 1475.00 remain intact with weekly closing. Support: 1815.00, 1800.00, 1785.00, 1772.00, 1765.00 Resistance: 1833.00, 1845.00, 1854.00, 1867.00, 1875.00 Recommendation Based on the charts and explanations above our opinion is, buying gold around 1815.00 targeting 1888.00 and stop loss below 1772.00 might be appropriate.

Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ecPulse.com | Wed Aug 31 11 03:06 ET Gold The metal inclined violently yesterday, approaching the technical objective, previously detected in our last reports at 1845.00. The IM-impulsive- wave consisting of five waves from 1477.00 is still in progress as seen on the provided four hour graph, where we believe that the fourth wave has been placed at 61.8% Fibonacci retracement of the third wave started 1580.00 to all-time high of 1912.00.AROON indicator is still positive, solidifying the technical idea of resuming the upside rally of the fifth wave; whilst RSI 14 may cause some kind of fluctuation once the metal reaches 1845.00-1850.00 zones. Anyway, we hold onto our positive predictions over intraday basis as far as 1772.00 remains intact; however, focusing now becomes on 1888.00. The trading range for today is among the key support at 1772.00 and key resistance now at 1895.00. The general trend over the short term basis is to the upside, targeting $ 1945.00 per ounce as far as areas of 1475.00 remain intact with weekly closing. Support: 1825.00, 1815.00, 1800.00, 1785.00, 1772.00 Resistance: 1845.00, 1854.00, 1867.00, 1875.00, 1888.00 Recommendation Based on the charts and explanations above our opinion is, buying gold around 1824.00 targeting 1900.00 and stop loss below 1772.00 might be appropriate.

Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ecPulse.com | Tue Aug 30 11 02:27 ET Gold Gold's positive momentum is strengthening again from around 38.2% Fibonacci correction at 1786.00 of the third wave of the main impulsive wave, which started from 1477.00. The mentioned correction supported the positive crossover seen on Stochastic, which supports the metal to rebound to the upside again. We will hold onto our positive expectations, while stability above 1755.00 is necessary (over intraday basis) to confirm our expectation. The trading range for today is among the key support at 1755.00 and key resistance now at 1835.00 The short-term trend is to the upside with steady weekly closing, targeting 1945.00 as far as areas of 1475.00 remain intact. Support: 1785.00, 1780.00, 1772.00, 1764.00, 1755.00 Resistance: 1795.00, 1800.00, 1825.00, 1835.00, 1845.00

ตอนนี้ usd 1797 ทะลุ 1800 แระ /คงไม่ถึง 1785 มั้ง

Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ecPulse.com | Mon Aug 29 11 03:22 ET Gold The metal inclined violently, approaching the technical objective, previously detected in our Friday's reports at 1845.00. The IM-impulsive- wave consisting of five waves from 1477.00 continues dominating the four hour graph, where we believe that the fourth wave has been placed at 61.8% Fibonacci retracement of the third wave started 1580.00 to all-time high of 1912.00. Now, we can see Parabolic SAR is carrying the movements from below; whilst the AROON is positive, solidifying the technical idea of resuming the upside rally the fifth wave during this week. A break above 1833.00 will be a very positive indication. The trading range for this week is among the key support at 1700.00 and key resistance now at 1945.00. The general trend over the short term basis is to the upside, targeting $ 1945.00 per ounce as far as areas of 1475.00 remain intact with weekly closing. Support: 1800.00, 1785.00, 1755.00, 1746.00, 1726.00 Resistance: 1833.00, 1854.00, 1877.00, 1895.00, 1912.00 Recommendation Based on the charts and explanations above our opinion is, buying gold around 1805.00 targeting 1890.00 and stop loss below 1750.00 might be appropriate.

Gold Weekly Technical Outlook ONG Focus | Technical | Written by Oil N' Gold | Sat Aug 27 11 06:27 ET Gold Weekly Technical Outlook Comex Gold (GC) Gold made another record high at 1917.9 last week but subsequent deep pull back and break of 1725.8 support indicates that a short term top is at least formed. Though, strong support was seen at 1705.4, ahead of 50% retracement of 1478.3 to 1917.9 at 1698.1 and rebounded. Initial bias is mildly on the upside for 1917.9 first. We'd expect strong resistance at around 1917.9 to limit upside and bring another fall to continue the consolidation. Nevertheless, decisive break of 1917.9 will target 2000 psychological level next. In the bigger picture, with daily MACD crossed below signal line, a short term top is at least formed at 1917.9 in gold. But there is no sign of trend reversal yet. Price actions from 1917.9 are expected to develop sideway consolidations for a while. Note that firstly, such consolidation should be contained well above 1577.4 resistance turned support. Secondly, strong resistance might be seen from 2000 psychological level in near term in case of rally attempt. Hence, Gold could gyrate between 1600/2000 for a while. In the long term picture, rise from 681 is treated as resumption of the long term up trend from 1999 low of 253 and there is no sign of topping yet. Current up trend could now be targeting 161.8% projection of 253 to 1033.9 from 681 at 1945.6. Sustained trading above 2000 psychological level should pave the way to 261.8% projection at 2727.2.

Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ecPulse.com | Fri Aug 26 11 03:31 ET Gold A rally of about 85.00 dollars to the upside was seen after publishing our yesterday's midday report, proving the solidity of 61.8% Fibonacci retracement of the third wave. RSI 14 was relieved successfully; whilst AROON started to unload the first negative sign as AROON down- red- has come below the value of 70.00. Now, we suggest a retrace towards 1755.00-1746.00 zones to form the second internal wave of the bigger fifth; accordingly, we should be patient until the metal finds a good support with a positive sign to start the internal third wave of the aforementioed bigger fifth, while breaching through 1785.00 without rebounding will indicate that the internal first wave hasn’t been completed yet. Dear reader, when you catch an accurate Elliott count, remember that, trading the corrective waves isn't useful as same as trading the impulsive waves. The trading range for today is among the key support at 1700.00 and key resistance now at 1860.00. The general trend over the short term basis is to the upside, targeting $ 1945.00 per ounce as far as areas of 1475.00 remain intact with weekly closing. Support: 1755.00, 1746.00, 1726.00, 1707.00, 1700.00 Resistance: 1785.00, 1795.00, 1815.00, 1830.00, 1860.00 Recommendation Based on the charts and explanations above our opinion is, buying gold above 1755.00 targeting 1833.00 and stop loss below 1700.00 might be appropriate.