Category: Gold Prices

See in the last two days of declines in oil prices in the world and in light of the news that a military attack on Syria is not an immediate thing and maybe not certain , we saw the oil futures down yesterday to 107 levels dollars . As well as declines in the price of gold in yesterday’s result of this news , which also supported Bmaty economic very positive about the gross domestic product in the United States, which was higher than expectations for referring to the economic growth pace of 2.5 % per annum , which was likely to stop or reduce the amount of aid and quantitative easing provided by Federal Central Bank to markets

XAU / USD: gold record yesterday declines touching the line tendency that we see in the chart below , which is also an important support level in the trading of gold in the period. Keep gold trading higher than outweighed gains again towards the levels of 1430 as the first goal and then towards 1444 dollars an ounce. Break the support line is likely declines which We consider a technical correction in the near future as the building for the long term gold is a revolutionary all the time that it is trading higher than the level of 1352 dollars and thus maintains the building tops and bottoms arranged in ascending order.

Intraday : the level of 1408 will be a level pivotal role in today’s trading , keep gold trading lower this level likely to decline to the level of 1399 and in contact with 1393, the other hand, the breach of 1408 may reflect the trading of gold and likely to rise to the level of 1414 and in contact with 1422.

Gold prices rose to their highest level in three months and so on fears felt by investors as a result of military strikes by the U.S. government to the government of Bashar al-Assad following the use of chemical weapons against the people.

Since the beginning of this week, markets تنتابها concerns about channeling those military strikes which impacted on investor sentiment and therefore risk aversion and resort to safe-haven assets such as gold, which met with support from those concerns.

Gold prices rose to $ 1,433.45 an ounce in early trade before trading around levels of $ 1426.60 per ounce compared to the opening price today at $ 1415.47 per ounce.

Despite the low turnout for gold by investors in recent times, following speculation approaching the Fed to withdraw policies of quantitative easing from the market, which dragged gold price to the lowest level in three years by the end of June the previous levels of $ 1,180.00 an ounce but the moves Corrective and fears of political tension in the interest of gold poured.

Gold has risen so far by about 20% since the record level of $ 1,180.00 per ounce, but still down about 15% since the beginning of this year.

Perhaps the price of gold will depend now on the political tension happening in the Middle East, particularly with opposition from Russia and China to any military intervention by the Western countries, and therefore go out to investors a little bit about any major economic data in the United States and to predict when the withdrawal of Fed stimulus plans.

But on the other hand, central banks continue buying gold and diversification of the reserve has, according to what issued by the International Monetary Fund, the Turkish central bank bought about 22.5 tons of gold in the previous month, as well as exceeded purchases Russian Central Bank thousand tons in the same period.

Gold has achieved the largest gains him two months ago when it touched the level of 1379 dollars on Friday reached 4.5 percent from the lowest price achieved during the past week and the incredible expectations that gold has historically achieved the largest gains during the month of August and we expect to break the gold level of $ 1,400 during the month from now on to finish this year, close to the level of $ 1,500 per ounce and this is unlikely view of the high physical demand for gold over the last period and the return of liquidity to the markets, precious metals after the weak dollar and the recovery of the value of currencies European such as the euro, sterling and achieved EUR 1.337 to the dollar, a level is very high compared to the previous period as contributed to negative reports to the United States give up a lot of investors about the green currency and investments denominated in it and the trend towards glamor yellow metal may see the coming days, after the corrections to the current price of gold as a result unit boarding recent this is normal and healthy exchanges markets and supports this correction profit-taking expected with the beginning of the week, especially of electronic trading and we believe that such corrections occur at levels of $ 1330 or 1320 may be a good buying stations especially missed the train earlier stages.

Silver returned to normal in the unit movement and achieved a 14 percent rise over the past week, the biggest percentage rise achieved silver in one week five years ago and ended the trading week at the Stock Exchange Nyumks New York at 23.33 dollars per ounce, after reaching 23.41 dollars on the same day and the stability of silver above the $ 23 level over the next week open the way for the $ 25 level before the end of the third quarter and supports this increase, the actual increase in demand for the white metal markets and the desire of many investors to reap quick profits from unit movements per ounce silver.

The same reasons that gold and silver to rise significantly contributed to the high prices of platinum and palladium as platinum $ 25 higher for prices beginning weekly close at 1527 dollars per ounce Similarly achieved palladium high of $ 22 to close at 762 dollars per ounce.

Local markets state of calm due to the rapid rise in prices and the movement emerged sales less than the past few weeks with the emergence of profit-taking from many of the leading markets, especially in the field of raw gold and small bars also rushed to the lack of investors to buy despite the high prices for sure they have that prices Whatever the current high for the past few weeks, but it may be a good buy levels amid expectations of higher prices coming days

Gold XAU / USD:

Gold is going bearish general direction who identified his debut since a year earlier than when logic $ 1,800

Medium Term Outlook: Gold closed last week shut down the weekly and monthly negative closure bottom areas of previous support $ 1,355 per ounce that I have it still-Faisal, the short-term direction of gold

Intraday (expectation for the next period *):
Gold began a short-term upward trend from 28.06.2013 until 24.07.2013 component of short-term bullish channel. Which targeted areas of 1350 which will be in trading this month. That began signs of negative deviation in line with the general trend downward long-term and medium-term.

Gold top form less than previous summits down an important support point 1350

Rising trading volumes low

Break of the ascending channel and trading outside with no broken when the test

Negative indicators confirm the beginning of a new bearish wave

The above-mentioned points of the most important points that we observe on trading at the beginning of August and which indents our recommendation for this month either on contrary penetrate the level of 1355 $ push to the continuation of the patch until 1425.

Recommendation: Gold

Sale of 1313

Objectives 1280 1220 1150 1060

Stop loss and shift to buy 1355 $

I always recommend taking into account the capital so that the loss does not exceed 7% of the capital ends work recommendation Lama access to targets or stop loss point or 08/31/2013

Gold prices total gain of more than 9% since 3 weeks until the end of last week, after he led the statements the U.S. Federal Reserve, to the receding fears of financial markets in late June, that he would not begin to reduce its program of monetary expansion, except when thesure that the United States of America, the largest economy in the world, strong enough to freeze the program.

And landed Gold prices with the end of last week, more than 31% since September 2011, when he stepped up to 1923.7 dollars an ounce, for highest level in its history, though the price of gold for immediate sale amounted to 1332.61 dollars an ounce, at the end of trading, on Friday, in the New York market.

However, gold prices instant rose about 3%, over the past week, to reach more than 1332.6 dollars an ounce, marking the third increase weekly in a row, the longest series of weekly gains since last March, thanks to the dollar’s decline with anticipation markets message board U.S. Federal Reserve , at the conclusion of a meeting of its monetary policy committee, during the current week.