Forex Technical Analysis of GOLD for October 05, 2015

Support                            -   S1 : 1114.52 | S2 : 1091.25 | S3 : 1077.91
Resistance                        -   R1 : 1151.13 | R2 : 1164.47 | R3 : 1187.74
Main Trend                     -   Bullish
Intraday Trend               -   Bullish

Financial Announcements: USD - ISM Non-Manufacturing PMI

Considering all the details from the charts of forex technical analysis we can detect all critical levels and trading targets for H1 and H4 timeframes:

Forex Technical Analysis of GOLD vs USD for March 16, 2015

Resistance           -    R1 : 1173 | R2 : 1167 | R3 : 1162
Support              -    S1 : 1152 | S2 : 1146 | S3 : 1142
Trend                -    Bearish
Recommended position -    Short

According to the charts of forex technical analysis for GOLD vs USD on 1H chart price moves within a channel and the same time on median line of an Andrews Pitcfork.

Forex Technical Analysis of XAUUSD for October 30, 2014

Resistance:

1215.50 – 23.6% Retrace of August to October selloff

1235.81 – 38.2% Retrace of August to October selloff

1255.08 - October 21 high

Support:

1210.38 – 61.8% Retrace of Oct’06 to Oct’21 advance

1204.93 – October 08 low

1182.88 – October 06 low

Trend: Bearish

Recommended position: Short 

Fell the most in three weeks as the Federal Reserve ended its bond-purchase program, cutting demand for the metal as hedge against inflation.

Studying charts of forex technical analysis will extract the following conclusions:

Forex Technical Analysis of XAUUSD for July 29, 2014

Forex Technical Analysis of XAUUSD - Update

We publish a forex technical analysis on July 22, 2014 for XAUUSD.

In this forex technical analysis we have said that our personal forex trading strategy was to search for an entry point for a swing buy order.

Also we publish a trading alert for an opportunity to buy Gold because it was possible for price to reach high levels.

It’s necessary to update all the critical levels on the chart of XAUUSD.

Forex Technical Analysis for XAUUSD July 22, 2014

Monthly chart

According to forex technical analysis for XAUUSD on monthly chart we observe the price to move within triangular formation.
Price is below EMA(50) and EMA(200).

The area 1272.00 - 1325.00 is neutral zone.
If price moves above neutral zone our trading targets will be: 1559.00 , 1750.00 , 1790.00 .
If price moves below neutral zone our trading targets will be: 1180.00 , 1083.00 , 919.00 .
 

Weekly chart

Studying forex technical analysis for weekly chart , price moves below EMA(50) and EMA(200).
Also find support from the lower channel of Andrews Pitchfork.