13/11/14 XAU/USD Gold forms a doji at 1165 level as resistance at 1174 holds strong.


XAUUSD, XAU/USD, Gold, Gold bullion, commodity, commodities, precious metals, metals, gold price, gold price forecast, gold price outlook, XAUUSD analysis, XAUUSD technical analysis, XAUUSD outlook, XAUUSD price, XAU/USD analysis, XAU/USD forecast, XAU/USD outlook, XAU/USD price, XAU/USD technical analysis, XAU/USD analysis, XAUUSD forecast Gold prices formed a doji on the daily charts at 1162.74 on the uptrend Fibonacci retracement 61.8%

XAUUSD, XAU/USD, Gold, Gold bullion, commodity, commodities, precious metals, metals, gold price, gold price forecast, gold price outlook, XAUUSD analysis, XAUUSD technical analysis, XAUUSD outlook, XAUUSD price, XAU/USD analysis, XAU/USD forecast, XAU/USD outlook, XAU/USD price, XAU/USD technical analysis, XAU/USD analysis, XAUUSD forecast On the 4 hourly charts price of gold seems to bear lower from 1165 forming a lower high

XAUUSD, XAU/USD, Gold, Gold bullion, commodity, commodities, precious metals, metals, gold price, gold price forecast, gold price outlook, XAUUSD analysis, XAUUSD technical analysis, XAUUSD outlook, XAUUSD price, XAU/USD analysis, XAU/USD forecast, XAU/USD outlook, XAU/USD price, XAU/USD technical analysis, XAU/USD analysis, XAUUSD forecast A weakening bullish trend saw another resistance at the 200 hourly moving average as the MACD moves lower into the bearish zone.

Dollar strength is subdued yesterday as gold prices traded generally sideways but saw resistance on the hourly charts to remain below 1175. U.S Labour Department’s Job Openings and Labour Turnover survey is expected later today after the U.S Unemployment claims which are expected to rise from the previous week’s figures, potentially raising gold prices as dollar sentiment continues to be cool.

Technically, Gold remains bearish on the retracement levels to extend more bearish action towards further supports at 1130, 1125.

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
 Slight Bearish 1135.45 11381148 116511721175

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