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2 Oct 2014 XAU/USD Gold Analysis

2 Oct 2014 XAU/USD Gold Analysis

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 slides to new low of 1204 this year as price rebounds to 1215 range yet again

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 edge lower as the 104 moving average acts as the next resistance on the H4 charts

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 Downtrend channel as lower highs and lower lows correspond to the supports and resistances, Gold looks likely to break below 1200 if 1225 looks to resist again on the hourly charts

Gold remains bearish particularly if the U.S Non Farm Payrolls tomorrow further enhances the integrity of the U.S system and their route towards recovery. The drop in Gold prices has increased demand somewhat for U.S mint gold coins. The likelihood of increase in rates in the U.S is likely to keep gold prices bearish for sometime as speculation is rife on the total wind down of the Fed’s QE and the timing of the rate increase.

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
Bearish119412001208121512251232 122512281200

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