Posted: 20 Aug 2014 01:01 AM PDT

Posted by: : Paul EbelingPosted on: August 20, 2014 Technical Analysis: Spot Gold And Spot Silver

Spot Gold closed lower Tuesday extending the decline off last week's highs.

The low range close sets the stage for a steady to lower opening when Wednesday's US session opens.

Stochastics and the RSI are Neutral to Bearish indicating that sideways to lower prices are possible near term.

If Spot Gold extends Tuesday's decline, the August low crossing is the next Southside target.

If Spot Gold renews the rally off of August low, July's high crossing is the next Northside target.

Some gGold traders are likely bracing for any potential surprises from the FOMC`s meeting minutes, due to be released Wednesday.

One Negative would be a rosy assessment of the economy, which would reinvigorate fears of interest-rate increases.

Outlook Neutral. Standing aside in here.

Spot Silver

Spot Silver closed lower Tuesday extending the decline off July's highs, and tested the 62% Fibo retracement mark of the June-July rally crossing at 19.397.

The low range close set the stage for a steady to lower opening when Wednesday's US session begins.

Stochastics and the RSI are oversold but remain Neutral to Bearish signalling that sideways to lower prices are possible near term.

If Spot Silver extends the decline off July's high, the 75% Fibo retracement mark of the June-July rally crossing is the next Southside target.

Multiple closes above the 20-Day MA crossing are needed to confirm that a low is in.

In the Asian session, at GMT0300, Silver is trading at 19.47, 0.21% higher from Tuesday's close.

Silver is expected to find support at 19.32, a break there could push it to the next support at 19.18.

Silver is expected to find its 1st resistance at 19.66, a break could drive it to the next resistance at19.85.

The precious White metal is showing convergence with its 20 Hr MA, and trading below its 50 Hr MA.

Outlook Neutral, perfer to stand aside in here.

Paul Ebeling is best known for his work as writer and publisher of "The Red Roadmaster's Technical Report" on the US Major Market Indices™, a highly-regarded, weekly financial market letter, where he enjoys an international audience among opinion makers, business leaders, and respected organizations. Something of a pioneer in online stock market and commodities discussion and analysis, Ebeling has been online since 1994. He has studied and worked in the global financial and stock markets since 1984.

Technical Analysis: <b>Spot Gold</b> And Spot Silver | Live Trading News

Posted: 18 Aug 2014 11:56 PM PDT

Posted by: : Paul EbelingPosted on: August 19, 2014

Technical Analysis: Spot Gold And Spot Silver

Spot Gold

Spot Gold closed lower Monday and below the 20-Day MA crossing confirms that a short term top is in.

The low range close sets the stage for a steady to lower opening when Tuesday's US session begins trading.

Stochastics and the RSI have turned Neutral to Bearish indicating that sideways to lower prices are possible near term.

If Spot Gold extends Monday's decline, August's low crossing is the next Southside target.

If Spot Gold renews the rally off August's low, July's high crossing is the next Northside target.

Support: 1296.60, 1292.65, 1285.15, 1280.25, 1278.00

Resistance: 1305.00, 1309.35, 1317.00, 1324.35, 1331.45

Recommendation: The outlook is positive above 1280.00 with the risk-limit below 1278.00

Spot silver

Spot Silver closed higher short covering Monday consolidating some of the decline off the July high.

The high range close set the stage for a steady to higher opening when Tuesday's US session opens.

Stochastics and the RSI are Neutral to Bearish signalling that sideways to lower prices are possible near term.

If Spot Silver extends the decline off July's high, the 62% Fibo retracement mark of the June-July rally crossing is the next Southside target.

Multiple closes above the 20-Day MA crossing are needed to confirm that a low is in.

Support: 19.45, 19.25, 19.00, 18.90.00, 18.65

Resistance: 19.65, 20.00, 20.25, 20.50, 20.85

Recommendation: The outlook is negative below 20.00

Two years I invested in <b>spot gold</b> - Coin Community Forum

Posted: 20 Aug 2014 01:50 AM PDT

New Member

China

2 Posts

Posted 08/20/2014 04:42 am

I just begun investing in gold two years ago. I was green at this kind of trade. I've heard that many people gained profit from gold investment, then I rushed to invest in gold, but I gained much less than what I lost.
Two years has been passed since I first step into spot gold world as a spot gold investor, I traded with different broker companies and finance companies for times I can't even begin to count, but this time when I was surfing the internet, I saw gold jinyu was holding an 5th anniversary activity, I think what the heck, won't hurt me anyway, then I opened their site , well ,to be frank , their slogan is kind of ..I don't know, exaggerated may be ---"highest preference in spot gold business", anyway, as a spot gold investor, It did arouse my interest. Asked their customer service staff, their said 2000$bonus, well, I don't know it's true or not, I'll give it a try.
Somebody ask me how much did I gain in these two years. Guess the answer is much more than just money.

Spot Gold | Technical Analysis: Spot Gold And Spot Silver | Live Trading News | News2Gold

Spot Gold | Technical Analysis: <b>Spot Gold</b> And Spot Silver | Live Trading News | News2Gold

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