NeoSeemadong

-------------------------------------- ไม่เชื่อคำแนะนำ เมื่อคินเลยซัดเข้าไปเต็มเหนี่ยวที่ usd 1507 = Baht 21950 รู้งิ...รู้งิ... เก็บมาซื้อวันนี้ ถูกกว่า แล้วไม่ต้องอดนอนด้วย เฮ้อ

Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ecPulse.com | Fri Jun 24 11 03:09 ET Gold The downside move for gold drove the metal back towards 1522.00, and we mentioned before how critical this level is and considered the separating barrier from the negativity for gold. The failure to stabilize above 1549.00 after reaching 1556.00 is the reason for the downside move after breaching 1537.00. We remain neutral on the metal today and observe the price behavior around the critical 1522.00 areas. The trading range for today is among the key support at 1522.00 and key resistance now at 1575.00. The short-term trend is to the upside targeting 1600.00 per ounce as far as areas of 1430.00 remain intact. Support: 1513.00, 1505.00, 1500.00, 1494.00, 1488.00 Resistance: 1532.00, 1537.00, 1549.00, 1556.00, 1562.00 Recommendation Based on the charts and explanations above we recommend observing trading today awaiting more confirmations

ขออภัย ขออนุญาตนะครับ อย่าเอามือไปรับมีดร่วง ถูกต้องครับ

Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ecPulse.com | Thu Jun 23 11 02:54 ET Gold As expected, gold moved to the upside and was able to reach levels above 1556.00 resistance areas. Currently, the metal returned to hover around 1549.00, the completion levels for the Gartly pattern, and stability above this level supports the upside tendencies to test areas around 1562.00-1565.00 where the harmonic bat pattern will complete. We should observe gold closely when reaching those areas, as the bat pattern is bearish in this case. Our upside expectations for today depend on stability above 1537.00. The trading range for today is among the key support at 1522.00 and key resistance now at 1575.00. The short-term trend is to the upside targeting 1600.00 per ounce as far as areas of 1430.00 remain intact. Support: 1545.00, 1537.00, 1532.00, 1522.00, 1519.00 Resistance: 1549.00, 1556.00, 1562.00, 1565.00, 1575.00 Recommendation Based on the charts and explanations above our opinion is buying gold around 1545.00 and take profit in stages at 1556.00 and 1564.00 and stop loss with daily closing below 1537.00 might be appropriate

เฮียเบนเอาแล้ว.. พูดเสร็จดาวร่วงเลย เบอร์นันเก้ .. ยันสิ้นสุดแค่ QE-2, เตือนเศรษฐกิจสหรัฐฯ พาดาวโจนส์ร่วง เบอร์นันเก้เตือนศก.สหรัฐเสี่ยงชะลอตัวปีหน้า เหตุภาคการเงิน,ตลาดที่อยู่อาศัยอ่อนแอ เบน เบอร์นันเก้ ประธานธนาคารกลางสหรัฐ (เฟด) ได้ออกแถลงข่าวต่อสื่อมวลชนภายหลังการประชุมคณะกรรมการกำหนดนโยบายของเฟด (เอฟโอเอ็มซี) เมื่อคืนนี้ โดยเบอร์นันเก้เตือนว่า เศรษฐกิจสหรัฐจะยังคงเผชิญกับความเสี่ยงที่จะฉุดรั้งเศรษฐกิจให้ชะลอตัวลงในปีหน้า ซึ่งส่วนหนึ่งเป็นผลมาจากภาวะอ่อนแอของตลาดที่อยู่อาศัย และความเสี่ยงด้านอื่นๆที่ยังไม่มีแนวโน้มว่าจะหมดไปในเร็วๆนี้ "ความเสี่ยงที่จะฉุดรั้งเศรษฐกิจที่ยังคงชะลอตัวลงถึงปีหน้านั้น ยังคงมีอยู่ ซึ่งอาจจะรวมถึงภาวะอ่อนแอในภาคการเงินและปัญหาที่เกิดขึ้นในตลาดที่อยู่อาศัย ปัจจัยลบเหล่านี้อาจจะมีผลกระทบที่รุนแรงและยืดเยื้อยาวนานกว่าที่เราคาดไว้" เบอร์นันเก้กล่าวกับสื่อมวลชน ซึ่งนับเป็นการแถลงข่าวหลังการประชุมเป็นครั้งที่สองในประวัติศาสตร์ เมื่อผู้สื่อข่าวขอให้แสดงความคิดเห็นเพิ่มเติมเกี่ยวกับตลาดที่อยู่อาศัยซึ่งเผชิญกับภาวะซบเซามาอย่างยาวนานและยังคงฉุดรั้งการขยายตัวของเศรษฐกิจนั้น เบอร์นันเก้กลาวว่า "ตลาดที่อยู่อาศัยมีความสำคัญอย่างยิ่งต่อการฟื้นตัวโดยรวมของเศรษฐกิจ ซึ่งเฟดก็จับตาดูสถานการณ์ในตลาดอย่างใกล้ชิด" อย่างไรก็ตาม เบอร์นันเก้ไม่ได้ส่งสัญญาณว่าจะมีการใช้มาตรการใหม่ๆที่จะสร้างแรงจูงใจในการซื้อที่อยู่อาศัย สำนักข่าวเกียวโดรายงานว่า เบอร์นันเก้ระบุว่า ผลกระทบของเหตุการณ์แผ่นดินไหวในญี่ปุ่นซึ่งมีต่อผลผลิตภาคอุตสาหกรรมในสหรัฐนั้น มีแนวโน้มที่จะ "บรรเทาลง" ในอีกไม่กี่เดือนข้างหน้า ส่วนวิกฤตหนี้ของกรีซนั้น เบอร์นันเก้ได้แสดงความเห็นว่า "ปัญหาหนี้กรีซถือเป็นสถานการณ์ที่ยากลำบากมาก หากกรีซผิดนัดชำระหนี้ ผลกระทบที่เกิดขึ้นจะลุกลามไปยังประเทศอื่นๆในยุโรปและจะกระทบต่อเศรษฐกิจทั่วโลกด้วย" เมือผู้สื่อข่าวถามว่าเฟดจะคงนโยบายการเงินแบบผ่อนคลาย ซึ่งรวมถึงการตรึงอัตราดอกเบี้ยที่ระดับต่ำต่อไปอีกนานเท่าใด เบอร์นันเก้ตอบว่า "เฟดจะยังไม่ใช้มาตรการคุมเข้มด้านการเงินอย่างน้อยก็ในการประชุม 2-3 ครั้งข้างหน้านี้ หรืออาจจะนานกว่านั้น ซึ่งจะขึ้นอยู่กับความคืบหน้าทางเศรษฐกิจ สถานการณ์เงินเฟ้อ และอัตราว่างงาน" การแถลงข่าวต่อสื่อมวลชนของเบอร์นันเก้มีขึ้นภายหลังการประชุมคณะกรรมการเอฟโอเอ็มซี โดยที่ประชุมมีมติคงอัตราดอกเบี้ยระยะสั้น (fed funds rate) ที่ระดับ 0-0.25 % พร้อมกับยืนยันว่าจะยุติมาตรการผ่อนคลายเชิงปริมาณรอบสอง (QE2) หรือโครงการซื้อพันธบัตรมูลค่า 6 แสนล้านดอลลาร์ ในวันที่ 30 มิ.ย.ตามแผนการที่วางไว้ นอกจากนี้ คณะกรรมการยังได้ปรับลดคาดการณ์การขยายตัวของผลิตภัณฑ์มวลรวมภายนประเทศ (เฟด) ที่แท้จริง ลงสู่ระดับ 2.7-2.9% ในปี 2554 ซึ่งลดลงจากที่คาดการณ์ไว้ในการประชุมเดือนเม.ย.ว่าจะขยายตัว 3.1-3.3% ดัชนีดาวโจนส์ตลาดหุ้นนิวยอร์กปิดร่วงลงคืนนี้ (22 มิ.ย.) หลังจากเบน เบอร์นันเก้ ประธานธนาคารกลางสหรัฐ (เฟด) ได้แสดงมุมมองในด้านลบต่อแนวโน้มเศรษฐกิจสหรัฐ และไม่ได้ส่งสัญญาณว่าจะเฟดจะใช้มาตรการผ่อนคลายเชิงปริมาณรอบสาม (QE3) หลังจากมาตรการ QE2 หมดอายุลงในช่วงสิ้นเดือนนี้ นอกจากนี้ ตลาดหุ้นนิวยอร์กยังได้รับปัจจัยลบหลังจากเฟดได้ปรับลดคาดการณ์การขยายตัวของเศรษฐกิจสหรัฐทั้งในปีนี้และปีหน้า

Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ecPulse.com | Tue Jun 21 11 02:34 ET Gold Exactly from areas around 1532.00, gold rebounded to the upside confirming the weakness of the Gartly Pattern, or maybe that it settled for the first target at 38.2% correction of CD shown above at 1522.00. Currently, the possibility of forming the Bat pattern is rising and that signals a possible upside move today supported by the positivity on Stochastic and the upside tendency on RSI. The trading range for today is among the key support at 1513.00 and key resistance now at 1565.00. The short-term trend is to the upside targeting 1600.00 per ounce as far as areas of 1430.00 remain intact. Support: 1537.00, 1532.00, 1522.00, 1519.00, 1513.00 Resistance: 1549.00, 1556.00, 1562.00, 1565.00, 1575.00 Recommendation Based on the charts and explanations above our opinion is buying gold around 1537.00 and take profit in stages at 1549.00, 1556.00 and 1564.00 and stop loss with daily closing below 1522.00 might be appropriate

Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ecPulse.com | Tue Jun 14 11 02:27 ET Gold Gold slipped respecting the harmonic scenario suggested on Friday since the imperfection of the correction for XA leg couldn't damage the bearish harmonic Gartley pattern. Now, gold is trading below 38.2% of CD leg clarifying that the bearishness will continue over intraday basis towards 61.8% level at 1502.00. As far as trading remains below 1537.00, the bearishness will be in favor, while areas of 1549.00 should hold to protect the scenario. The trading range for today is among the key support at 1494.00 and key resistance now at 1549.00. The general trend over the short term basis is to the upside, targeting $ 1600.00 per ounce as far as areas of 1430.00 remain intact with weekly closing. Support: 1519.00, 1513.00, 1505.00, 1500.00, 1494.00 Resistance: 1523.00, 1532.00, 1537.00, 1549.00, 1556.00 Recommendation Based on the charts and explanations above our opinion is, selling gold around 1523.00 targeting 1502.00 and stop loss with a daily closing above 1537.00 might be appropriate.

น่าจะเป็น 1519 นะ

Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ecPulse.com | Tue Jun 07 11 02:39 ET Gold Gold is attempting to stabilize above 1549.00 where 76.4% retracement of XA leg of Bat pattern exists and that may push the metal to soar towards the PRZ of the pattern to complete it. Additionally, we can see a bullish channel with a support at 1528.00 solidifying 1532.00 zones; whilst RSI is stable above 50.00. Thereby, we hold onto our bullish predications over intraday basis. The trading range for today is among the key support at 1513.00 and key resistance now at 1564.00. The general trend over the short term basis is to the upside targeting 1600.00 per ounce as far as areas of 1430.00 remain intact with weekly closing. Support: 1537.00, 1532.00, 1523.00, 1591.00, 1513.00 Resistance: 1549.00, 1556.00, 1562.00, 1565.00, 1575.00 Recommendation Based on the charts and explanations above: our opinion is, buying gold around 1540.00 gradually targeting 1556.00,1560.00 and 1581.00, while the stop loss is a daily closing below 1523.00 might be appropriate. This recommendation will be canceled out if the second and third technical targets are reached before the entry point is touched.

Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ecPulse.com | Fri Jun 03 11 02:54 ET Gold Yesterday's sharp decline couldn't take the metal below 1519.00 zones which were touched without being breached. Bouncing from there again proved the importance of these levels which support the bullish scenario. The harmonic pattern still suggests bearish continuation to continue forming the CD leg which might be completed around 1562.00-1564.00. Stability above 1532.00 followed by 1540.00 is essential to confirm our scenario. The trading range for today is among the key support at 1505.00 and key resistance now at 1564.00. The general trend over the short term basis is to the upside, targeting $ 1600.00 per ounce as far as areas of 1430.00 remain intact with weekly closing. Support: 1523.00, 1519.00, 1513.00, 1505.00, 1500.00 Resistance: 1537.00, 1540.00, 1545.00, 1549.00, 1556.00 Recommendation Based on the charts and explanations above : our opinion is, buying gold with a four hour closing 1532.00 gradually targeting 1549.00,1556.00 and 1562.00, while the stop loss is a daily closing below 1519.00 might be appropriate.

1539

Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ecPulse.com | Tue May 24 11 03:13 ET Gold Gold inclines gradually stabilizing above 1505.00. Today, it achieved a breakout above 1513.00 zones and thus the suggested Elliott sequence could be correct. Actually, we may change this scenario later when we make sure that 1523.00 levels are breached but the current scenario is still valid. More bullishness could be seen over intraday basis despite momentum indicators overbought pressures which might cause fluctuation. The trading range for today is among the key support at 1488.00 and key resistance now at 1556.00. The general trend over the short term basis is to the upside targeting 1600.00 per ounce as far as areas of 1430.00 remain intact with weekly closing. Support: 1513.00, 1505.00, 1500.00, 1494.00, 1488.00 Resistance: 1523.00, 1530.00, 1537.00, 1545.00, 1549.00 Recommendation Based on the charts and explanations above : our opinion is, buying gold around 1505.00 gradually targeting 1523.00,1537.00 and 1556.00, while the stop loss is a four hour closing below 1484.00 might be appropriate.

Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ecPulse.com | Mon May 16 11 03:17 ET Gold The provided four hour graph shows the probability that the fifth wave is still in progress. Stability above the support line along with the suggested Elliott count are two reasons that make us propose a bullish trend during this week. Two conditions are required to confirm this bullishness as follows: 1. Stabilizing above 1462.00 with a daily closing to make the Elliott count valid. 2. Stabilizing above 1445.00 with a daily closing to make the major uptrend valid. The trading range for this week is among the key support at 1420.00 and key resistance now at 1575.00. The general trend over the short term basis is to the upside targeting 1600.00 per ounce as far as areas of 1430.00 remain intact with weekly closing. Support: 1480.00, 1477.00, 1468.00, 1460.00, 1455.00 Resistance: 1505.00, 1513.00, 1523.00, 1530.00, 1537.00 Recommendation Based on the charts and explanations above our opinion is, buying gold around 1488.00 gradually targeting 1523.00,1537.00 and 1550.00, while the stop loss is a daily closing below 1460.00 might be appropriate.

Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ecPulse.com | Mon May 09 11 03:18 ET Gold The metal succeeded in moving higher according to Friday's scenario where it touched the first and second technical targets after achieving the suggested bearishness during the previous week. These movements make us trust our proposed Elliott scenario more but we are not sure that the internal count -red arrow- is correct enough. Anyway, we still see chances for the bullish movements that will be proven with stability above 1523.00 zones. The trading range for this week is among the key support at 1445.00 and key resistance now at 1600.00. The general trend over the short term basis is to the upside targeting 1600.00 per ounce as far as areas of 1430.00 remain intact with weekly closing. Support: 1500.00, 1494.00, 1480.00, 1474.00, 1468.00 Resistance: 1513.00, 1523.00, 1530.00, 1537.00, 1545.00 Recommendation Based on the charts and explanations above our opinion is, buying gold around 1594.00 gradually targeting 1523.00,1537.00 and 1550.00, while the stop loss is a daily closing below 1460.00 might be appropriate

Gold Gold succeeded in reaching all of our previous suggested technical targets after reaching 1556.00 zones. Now, it started to move lower once more below 1556.00 and that may confirm our proposed Elliott scenario which is seen on the provided chart. We will depend on this count during this week, where the fourth wave is in progress within the over all IM structure. We know that the fourth wave is a bearish wave, while momentum indicators are trending downwards. Thereby, the bearishness might dominate the movements during this week. The trading range for this week is among the key support at 1474.00 and key resistance now at 1600.00. The general trend over the short term basis is to the upside targeting 1600.00 per ounce as far as areas of 1430.00 remain intact. Support: 1545.00, 1537.00, 1530.00, 1523.00, 1513.00 Resistance: 1549.00, 1556.00, 1560.00, 1575.00, 1580.00 Recommendation Based on the charts and explanations above our opinion is, selling gold around 1550.00 gradually targeting 1537.00,1523.00 and 1513.00, while the stop loss is a daily closing above 1580.00 might be appropriate.

Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ecPulse.com | Thu Apr 28 11 03:13 ET Gold Gold is trading above very sensitive levels and reconsidering our previous suggested Elliott count will prove that the third wave of the IM wave might extend higher and after that it will be followed by the fourth wave which we think it will be weak. Touching areas of 1556.00 became available and thus, the bullishness is in favor over intraday basis as far as the price stabilizes above 1530.00 zones. The trading range for today is among the key support at 1500.00 and key resistance now at 1556.00. The general trend over the short term basis is to the upside targeting 1600.00 per ounce as far as areas of 1430.00 remain intact with weekly closing. Support: 1523.00, 1514.00, 1505.00, 1500.00, 1494.00 Resistance: 1536.00, 1540.00, 1545.00, 1549.00, 1556.00 Recommendation Based on the charts and explanations above our opinion is, buying gold around 1523.00 targeting 1546, followed by 1556.00, while the stop loss is a four hour closing below 1505.00 might be appropriate.

Gold Surges to New Record Highs Analysis | Commodity Technical Analysis | Written by FX Solutions | Mon Apr 25 11 09:33 ET 4/25/2011 - Gold Price action on Gold (a daily chart of which is shown) as of Monday (4/25/2011) has continued its bullish stance after having broken out above its 1500 resistance target late last week, establishing yet a new all-time high above 1517 in the process. This follows on the heels of a week of almost daily record-breaking highs. This also occurs within the context of a multi-timeframe bullish trend that is currently prevailing on a short-term, medium-term, as well as long-term basis. The 1500 target was derived in uncharted price territory because it is around the 161.8% Fibonacci extension of a major bearish correction run. Now that 1500 has been broken decisively on a sharp bullish surge, a pullback/correction could soon be in order. However, the overall directional bias continues to be to the upside in line with all of the trends on multiple timeframes. A pullback could return price back around the medium-term uptrend support line that extends back to the late January low. In the event of continued bullish momentum that stays above 1500, price action should target key further upside around the 1550 price region, which is around the 261.8% Fibonacci extension of the last major bearish correction.

งงด้วยครับ ตั้งแต่แรกพบแล้ว ตามอ่านมาตลอด ด้วยความงุนงง อ.กัมฯ ดูแลตัวเองด้วยนะครับ

Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ecPulse.com | Wed Apr 20 11 03:28 ET Gold The positivity continued dominating the metal since the rhythmic of Fibonacci ratios could send the metal higher towards 200% or 224% of CD leg as BC leg corrected 50% of AB. Momentum indicators are showing clear overbought signs and that is normal due to the nature of the pattern. In general, we look forward to see more upside actions over intraday basis to complete CD leg, targeting 1508.00-1523.00. The trading range for today is among the key support at 1468.00 and key resistance now at 1523.00. The general trend over the short term basis is to the downside targeting 1208.00 per ounce as far as areas of 1508.00 remain intact. Support: 1494.00, 1485.00, 1480.00, 1474.00, 1468.00 Resistance: 1508.00, 1514.00, 1523.00, 1530.00, 1546.00 Recommendation Based on the charts and explanations above our opinion is, buying gold around 1494.00 gradually targeting 1508.00 followed by 1523.00 and stop loss with a daily closing below 1474.00 might be appropriate.

Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ecPulse.com | Fri Apr 15 11 03:08 ET Gold Gold inclined aggressively, touching the first detected technical objective at 1474.00, while the positivity continues on Stochastic despite RSI moving close to the value of 70.00. This incline is the best proof that the extended technical target of CD leg of the butterfly pattern is underway. In the interim, the bearish harmonic AB=CD pattern seeks for a completion at 1494.00-1508.00 zones. Within this suggested bullishness we may witness some kind of sharp corrections due to the negativity of smaller time frames. The trading range for today is among the key support at 1445.00 and key resistance now at 1500.00. The general trend over the short term basis is to the downside targeting 1208.00 per ounce as far as areas of 1500.00 remain intact. Support: 1468.00, 1462.00, 1455.00, 1449.00, 1445.00 Resistance: 1480.00, 1485.00, 1494.00, 1500.00, 1508.00 Recommendation Based on the charts and explanations above our opinion is, buying gold around 1462.00 gradually targeting 1482.00 followed by 1495.00 and stop loss with a four hour closing below 1449.00 might be appropriate.

Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ecPulse.com | Thu Apr 14 11 03:47 ET Gold The metal is trapped within narrow range but stable above 1455.00 areas. These levels are important for the harmonic pattern that consists of the bullish harmonic butterfly and the harmonic AB=CD. The butterfly pattern has taken gold towards 127.2% projection of CD leg after bottoming at 1308.00; while the entire upside movements from there are dominated within an ascending channel with support at 1430.00. All these technical factors argue us to suggest potential upside move over intraday basis. All what we need now is stabilizing above 1468.00 to accelerate the bullish direction. The trading range for today is among the key support at 1424.00 and key resistance now at 1500.00. The general trend over the short term basis is to the downside targeting 1208.00 per ounce as far as areas of 1500.00 remain intact. Support: 1455.00, 1449.00, 1445.00, 1438.00, 1430.00 Resistance: 1465.00, 1468.00, 1474.00, 1485.00, 1495.00 Recommendation Based on the charts and explanations above our opinion is, buying gold around 1455.00 gradually targeting 1474.00 followed by 1495.00 and stop loss with a four hour closing below 1438.00 might be appropriate.

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Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ecPulse.com | Fri Apr 08 11 04:03 ET Gold The provided four hour graph shows that the metal is trading above 1464.00, weakening the possibility of the bearishness. The bullish harmonic butterfly which we used before and has been limited at 1308.00 came back into focus, where the metal is trading above 127.2% of its CD leg. Moving above 127.2% will send us towards 161.8% Fibonacci projection of CD at 1495.00. We have a technical obstacle around 1474.00, but in general the bullishness is favored over intraday basis as far as it stabilized above 1455.00 areas. The trading range for today is among the key support at 1424.00 and key resistance now at 1500.00. The general trend over the short term basis is to the downside, targeting $ 1208.00 per ounce as far as areas of 1485.00 remain intact. Support: 1460.00, 1455.00, 1449.00, 1445.00, 1440.00 Resistance: 1468.00, 1474.00, 1485.00, 1495.00, 1500.00 Recommendation Based on the charts and explanations above our opinion is, buying gold around 1455.00 targeting 1474.00, followed by 1495.00 and stop loss with a four hour closing below 1438.00 might be appropriate.

Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ecPulse.com | Fri Apr 01 11 04:31 ET Gold The metal touched levels around 1438.00 yesterday, but we did not witnessed a four hour closing above these areas. Stochastic is showing negative sign; while breaching 1424.00 is very important for confirming the bearish harmonic structure; therefore, we still see chances for achieving more bearishness but not before breaching 1424.00. The trading range for today is among the key support at 1392.00 and key resistance now at 1455.00. The general trend over the short term basis is to the downside, targeting $ 1208.00 per ounce as far as areas of 1485.00 remain intact. Support: 1424.00, 1420.00, 1416.00, 1409.00, 1401.00 Resistance: 1438.00, 1440.00, 1445.00, 1449.00, 1452.00 Recommendation Based on the charts and explanations above our opinion is, selling gold with a four hour closing below 1424.00 targeting 1401.00 and stop loss above 1438.00 might be appropriate.

Technical Analysis for Precious Metals Analysis | Commodity Technical Analysis | Written by ecPulse.com | Wed Mar 30 11 03:07 ET Gold Trading is among 38.2% and 61.8% correction of CD leg of the bearish harmonic pattern. In fact, gold reached those levels which are the first and second targets of the pattern, and we expect further downside movement to the extended target at 1401.00, 76.4% correction of the same leg. Stability below 1440.00 with four-hour closing is essential for our expectations to prevail while trading below X at 1431.00 provides further confirmations. The trading range for today is among the key support at 1392.00 and key resistance now at 1455.00. The short term trend is to the downside targeting 1208.00 per ounce as far as areas of 1485.00 remain intact. Support: 1416.00, 1409.00, 1401.00, 1395.00, 1388.00 Resistance: 1424.00, 1430.00, 1438.00, 1440.00, 1445.00 Recommendation Based on the charts and explanations above, our opinion is selling gold around 1424.00 targeting 1401.00 and stop loss above 1438.00 might be appropriate