Srie Hartati

Tranquility controlled the movements of the metal after achieving the breakout below the uptrend line, which we discussed earlier. Henceforth, the negative four technical factors that we discussed in details in our weekly report are still awaited to assist gold to show potential downside actions over intraday basis. We don't want to forget that we use the weekly time interval and consequently, the short term basis also is still negative. A break of 1158.00 could accelerate the suggested bearishness.
The trading range for today is among the key support at 1137.00 and key resistance now at 1187.00.
The general trend over short term basis is to the upside, targeting 1365.00 per ounce as far as areas of 1120.00 remain intact.(ibtimes)
Weekly Report Previous Report

Support	1158.00	1152.00	1149.00	1144.00	1137.00
Resistance	1166.00	1172.00	1174.00	1176.00	1183.00
Recommendation	Based on the charts and explanations above our opinion is, Selling gold around 1166.00 targeting 1144.00 and stop loss above 1184.00 might be appropriate.

After achieving yesterday expectations, we currently await for the daily chart above to show a possible harmonic formation to insure that the daily closing is above 79.50; whereas the chances of resuming this possibility are high. The completion of the pattern could be around 82.50, where these levels are representing 78.6% Fibonacci from the XA leg pattern and 127% correction from the BC leg. From here, overall trading for crude could be in the bullish direction, which for today requires the daily four hour closing below 75.90 not occurring. Keep in mind that the RSI is trading in a neutral manner at a time the MACD index is attempting to remain positive.
The trading range for today is among the key support around 74.80 and the key resistance around 80.10.
The short term trend is to the downside as far as 84.00 remains intact with targets around 61.60.(ibtimes)
Previous Report
Weekly Report

Support	77.00	76.15	75.90	75.15	74.80
Resistance	77.75	78.50	79.50	80.10	81.00
Recommendation	Based on the charts and explanations above our opinion is buying crude around 77.10 targeting 80.10 and stop loss below 75.10, might be appropriate.

Gold closed lower on Tuesday and tested the 50% retracement level of this year's rally crossing. Stochastics and the RSI are turning neutral to bearish hinting that additional weakness is possible near-term. If it extends the decline off June's high, the 62% retracement level of the aforementioned decline crossing is the next downside target. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted.(ibtimes)

"Breakout", this is the title of our analysis for gold today as the metal succeeded in breaching the uptrend line, activating the four technical factors that we discussed in details in the weekly report. This breakout took gold to yesterday's suggested technical objective exactly at 1158.00-yesterday's recorded low-and we believe that the negative pressure may continue over intraday basis, based on 2 points as follows:
1- The daily candlestick formation as seen on the secondary image.
2- The clear bearish sign appearing on AROON as AROON down-colored in red- has penetrated the value of 70.00 successfully.
The trading range for today is among the key support at 1137.00 and key resistance now at 1187.00.
The general trend over short term basis is to the upside, targeting 1365.00 per ounce as far as areas of 1120.00 remain intact.(ibtimes)
Weekly Report Previous Report

Support	1158.00	1152.00	1149.00	1144.00	1137.00
Resistance	1166.00	1172.00	1174.00	1176.00	1183.00
Recommendation	Based on the charts and explanations above our opinion is, Selling gold around 1166.00 targeting 1144.00 and stop loss above 1184.00 might be appropriate.

Crude managed to achieve a strong breach of support for the sideway range 78.50 surpassing the awaited key target at 77.35, breaching support for the short term bullish channel and stabilized below it. Momentum indicators are showing bullish signs that are pushing to retestthe brokensupport that has turned into resistance at 77.75 before achieving more expected bearish intraday movement; targets start at 76.15 then 75.60. This scenario requires the four hour closing to stabilize below 77.75.
The trading range for today is among the key support around 75.05 and the key resistance around 79.35.
The short term trend is to the downside as far as 84.00 remains intact with targets around 61.60.(ibtimes)
Previous Report
Weekly Report

Support	77.35	77.00	76.15	75.60	75.15
Resistance	77.75	78.50	79.35	80.10	81.00
Recommendation	Based on the charts and explanations above our opinion is selling crude around 77.75 targeting 76.15 and stop loss above 78.50, might be appropriate.

Gold is currently attacking the uptrend line which has carried the movements from 680.00 to the all-time high of 1265.00. It is trading around the critical levels of 1184.00 zones-which we discussed its role in details earlier- and we see on the subsidiary image how a negative crossover appeared on Stochastic of daily basis. This bearish overlapping could assist the metal to breach the trend line. A break of which will assure the four negative factors, which discussed in details in our weekly report and we recommend reviewing it. To recap, potential bearishness could be seen over intraday basis.
The trading range for today is among the key support at 1165.00 and key resistance now at 1209.00.
The general trend over short term basis is to the upside, targeting 1365.00 per ounce as far as areas of 1120.00 remain intact.(ibtimes)
Weekly Report Previous Report

Support	1176.00	1174.00	1172.00	1165.00	1158.00
Resistance	1187.00	1192.00	1196.00	1198.00	1203.00
Recommendation	Based on the charts and explanations above our opinion is, Selling gold with a breakout below 1183.00 targeting 1158.00 and stop loss above 1202.00 might be appropriate.

Crude's trading istrapped within a sideway range between 78.50 and 79.35, where it is currently midway within the current bullish channel; therefore, any breach of both these levels will help crude gain speed in direction, where breaching 78.50 could lead to a direct descend towards 77.35, whereas the breach of 79.35 will push crude towards $81.00 per barrel initially. From here, we recommend observing trading for the levels mentioned to insure the upcoming direction more specifically.
The trading range for today is among the key support around 77.35 and the key resistance around 81.00.
The short term trend is to the downside as far as 84.00 remains intact with targets around 61.60.(ibtimes)
Previous Report
Weekly Report

Support	78.50	77.95	77.35	76.70	76.15
Resistance	79.05	79.50	80.10	81.00	81.70
Recommendation	Based on the charts and explanations above our opinion is selling crude with the breach of 78.50 targeting 77.35 and stop loss above 79.40, or buying crude with the breach of 79.35 targeting 81.00 and stop loss below 78.50 might be appropriate.

Gold closed lower on Friday ending a short covering bounce off the 38% retracement level of this year's rally crossing. Stochastics and the RSI are oversold and turning neutral to bullish hinting that a short-term low might be in or is near. Closes above the 20-day moving average crossing are needed to confirm that a short-term low has been posted. If it renews the decline off June's high, the 50% retracement level of the aforementioned decline crossing is the next downside target.  (ibtimes)

Gold is presently facing very sensitive areas after touching the uptrend line, which carried the movements from 680.00 to all-time high of 1265.00. Actually, there are negative technical factors that could assist the metal to breach this aforesaid trend line as follows:
1-The bearish harmonic AB=CD pattern that could take it towards the second technical objective of the pattern at 61.8% of CD leg around 1125.00 zones.
2-The suggested Elliott count as wave "A" isn't completed yet.
3-The obvious bearish sign of AROON indicator.
4-The negative divergence of OsMA, which still has downside targets to be reached.
Thereby, potential bearish actions could be seen during this week but not before breaching the uptrend line.
The trading range for this week is among the key support at 1135.00 and key resistance now at 1232.00.
The general trend over the short term basis is to the upside, targeting $ 1365.00 per ounce as far as areas of 1120.00 remain intact.(ibtimes)
Previous Report

Support	1187.00	1183.00	1174.00	1165.00	1155.00
Resistance	1198.00	1203.00	1209.00	1211.00	1216.00
Recommendation	Based on the charts and explanations above our opinion is, selling gold with a breakout below 1183.00 targeting 1145.00 and stop loss above 1211.00 might be appropriate.

Crude was not able to surpass pivotal resistance that is represented in support for the previously breached bullish channel, trading is stuck below this resistance currently at 79.50, above the retest level for the bullish pattern shown in our previous reports at 78.50. Momentum indicators currently stand neutral, which therefore makes us recommend following up on upcoming reports as we await for more assuring signs for the upcoming direction, where the breach of 79.50 paves the way towards returning within the previous bullish direction in a strong manner; whereas building a base below 78.50 holds the keys to pushing crude to the downside initially towards 77.25.
The trading range for today is among the key support around 76.15 and the key resistance around 81.70.
The short term trend is to the downside as far as 84.00 remains intact with targets around 61.60.(ibtimes)
Previous Report

Support	78.50	77.95	77.25	76.70	76.15
Resistance	79.50	80.15	80.90	81.70	82.50
Recommendation	Based on the charts and explanation above our opinion is observing the pair’s movement to insure its upcoming direction

Gold traded in a rather tight range since yesterday, yet trading is still above 1180.00 -38.2% correction for the upside wave that started since February 05, 2010 and ended with the historic high- and accordingly we can suggest the second scenario to describe gold's movement; it suggests that the decline from the top was the A wave from the Zigzag wave, and as we can see that the IM formation was ideal. Therefore, we believe an upside wave might affect gold today within the formation of the bullish B wave targeting 1209.00 and 1230.00 which are the 38.2% and 61.8% correction of the A wave. Our expectations require areas of 1174.00 to remain intact.
The trading range for today is among the key support at 1154.00 and key resistance now at 1216.00.
The general trend over short term basis is to theupside targeting 1365.00 as far as areas of 1120.00 remain intact.(ibtimes)

Support	1184.00	1180.00	1177.00	1174.00	1169.00
Resistance	1192.00	1196.00	1203.00	1209.00	1216.00
Recommendation	Based on the charts and explanations above, our opinion is buying gold around 1184.00 targeting 1210.00 and stop loss below 1174.00 might be appropriate

                                                      MENGAPA HARUS EMAS?????
 
1. Nilai emas TIDAK terpengaruh oleh KRISIS EKONOMI
2. Nilai emas TIDAK terpengaruh oleh INFLASI
3. Nilai emas TIDAK terpengaruh oleh KEPUTUSAN PEMERINTAH
4. Berada diluar pengaruh SISTEM PERBANKAN
5. Semakin tinggi INFLASI,semakin tinggi KENAIKAN HARGA EMAS
6. Diterima oleh SEMUA ORANG diseluruh DUNIA

Gold closed higher due to short covering on Tuesday and closed above the 38% retracement level of this year's rally crossing. The high-range close sets the stage for a steady to higher opening on Wednesday. Stochastics and the RSI are oversold but remain bearish signalling that sideways to lower prices are possible near-term. If it extends the decline off June's high, the reaction low crossing is the next downside target. Closes above the 20-day moving average crossing are needed to confirm that a low has been posted.(ibtimes)

Rebounding yesterday after reaching 1175.00 forces us to look at the internal formation of the correctional waves; the Zigzag ZZ wave needs two IM waves separated by a correction, and that is one of the good scenarios. We can see on the chart above the formation of the IM waves separated by a DZ. RSI provided a positive crossover while MACD negativity weakened. Therefore, we expect an upside move for gold today which requires stability above 38.2% correction with four-hour closing.
The trading range for today is among the key support at 1166.00 and key resistance now at 1216.00.
The general trend over short term basis is to theupside targeting 1365.00 as far as areas of 1120.00 remain intact.(ibtimes)
Previous Report
Weekly Report

Support	1184.00	1180.00	1177.00	1174.00	1169.00
Resistance	1192.00	1196.00	1203.00	1210.00	1216.00
Recommendation	Based on the charts and explanations above, our opinion is buying gold around 1184.00 targeting 1210.00 and stop loss below 1174.00 might be appropriate

Crude pushed yesterday to retest support for the rising wedge previously shown, where it is currently ascending around 78.00, accompanied by momentum indicators entering overbought areas. Therefore, we hold onto yesterday's scenario where we expect a bearish intraday direction; targeting 76.45 then 75.55. These expectations require the daily closing below 78.50.
The trading range for today is among the key support around 75.15 and the key resistance around 78.50.
The short term trend is to the downside as far as 84.00 remains intact with targets around 61.60.(ibtimes)
Previous Report
Weekly Report

Support	77.15	76.45	75.55	75.15	74.25
Resistance	78.00	78.50	79.00	79.50	80.00
Recommendation	Based on the charts and explanations above our opinion is selling crude around 78.00 targeting 76.45 and stop loss above 79.00, might be appropriate.

The metal breached the main support for the upside wave confirming the downside correctional C wave. Over daily basis, Stochastic continues to point lower while MACD confirms the negativity and all is needed now is a daily closing below 38.2% correction to confirm the bearishness and the extension of wave C. We do not rule out the possibility of a minor upside correction before resuming the downside move, but in general trading below 1192.00 keeps the downside wave valid.
The trading range for today is among the key support at 1154.00 and key resistance now at 1216.00.
The general trend over short term basis is to theupside targeting 1365.00 as far as areas of 1120.00 remain intact.(ibtimes)
Previous Report
Weekly Report

Support	1180.00	1177.00	1174.00	1169.00	1166.00
Resistance	1187.00	1192.00	1196.00	1203.00	1209.00
Recommendation	Based on the charts and explanations above, our opinion is selling gold around 1192.00 targeting 1154.00 and stop loss above 1203.00 might be appropriate

Gold settled for reaching the 38.2% target for the harmonic patter mentioned last week in our report -click here-. Now we assessing Eliot waves we can see that an IM ended followed by a correction, which is likely to be a ZZ correction which finished A and B waves and signs of C have appeared. Therefore, this week, we expect a downside wave which remains valid as far as trading is below 1219.00 with daily closing. Indicators support our expectations as provided on the chart above. Note that breaching 1183.00 will confirm the continuation of the downside C wave.
The trading range for today is among the key support at 1165.00 and key resistance now at 1253.00.
The general trend over short term basis is to theupside targeting 1365.00 as far as areas of 1120.00 remain intact.(ibtimes)
Previous Report

Support	1190.00	1187.00	1183.00	1180.00	1176.00
Resistance	1198.00	1203.00	1212.00	1216.00	1219.00
Recommendation	Based on the charts and explanations above, our opinion is selling gold around 1203.00 targeting 1180.00 and stop loss above 1291.00 might be appropriate for this week

Crude was able to achieve the falling wedge pattern scenario suggested in our previous report, although it is finding a hard time in surpassing support represented by the MA 100. The stochastic is showing positive signs that make us witness some fluctuation, but in overall we can expect a bearish trend this week that will start with the breach of pivotal support 75.25 and thereby paving the way towards 74.25 then 72.75. Keep in mind that stabilizing 77.00 is vital for chances of achieving the expected bearish direction this week.
The trading range for today is among the key support around 71.40 and the key resistance around 78.25.
The short term trend is to the downside as far as 84.00 remains intact with targets around 61.60.(ibtimes)
Previous Report

Support	75.25	74.25	73.50	72.75	72.35
Resistance	76.50	77.00	77.55	78.25	79.00
Recommendation	Based on the charts and explanations above our opinion is selling with the breach of 75.25 targeting 73.80 and stop loss above 76.30, might be appropriate.

Gold closed higher on Thursday as it consolidates above the 10-day moving average crossing. The mid-range close sets the stage for a steady opening on Friday. Stochastics and the RSI have turned bullish hinting that a low might be in or is near. Closes above the 20-day moving average crossing are needed to confirm that a low has been posted. If it resumes the decline off June's high, the 38% retracement level of this year's rally crossing is the next downside target(ibtimes)

Gold slipped downwards, proving the efficiency of the suggested bearish harmonic pattern as seen on the provided four-hour chart. Coming below SMA 50 triggered additional bearish pressure on the metal. Thereby, we still see chances for achieving potential descending actions over intraday basis, while a breakout below the lower line of the ascending channel could create a continuation classical pattern Stochastic might cause some kind of fluctuation during the coming session.
The trading range for today is among the key support at 1176.00 and key resistance now at 1232.00.
The general trend over short term basis is to the upside, targeting 1365.00 per ounce as far as areas of 1120.00 remain intact.(ibtimes)
Weekly Report Previous Report

Support	1203.00	1196.00	1192.00	1187.00	1183.00
Resistance	1209.00	1211.00	1216.00	1219.00	1226.00
Recommendation	Based on the charts and explanations above our opinion is, selling gold around 1209.00 targeting 1187.00 and stop loss above 1226.00 might be appropriate.

Crude succeeded in achieving yesterday's scenario flawlessly by touching the awaited target around 75.65 and returned to trade above support for the previously mentioned rising wedge. Stochastic isattempting to shownegative signs thatcould assist it to breach this wedge's support (76.35) that in its role paves the way towards the bearish intraday direction that starts targets at 75.15 then 74.20. It is vital that a base is built below 77.55 is important to achieve this scenario.
The trading range for today is among the key support around 74.20 and the key resistance around 78.25.
The short term trend is to the downside as far as 84.00 remains intact with targets around 61.60.(ibtimes)
Previous Report Weekly Report

Support	76.35	75.65	75.15	74.20	73.50
Resistance	76.80	77.55	78.25	79.00	79.50
Recommendation	Based on the charts and explanations above our opinion is selling the breach of 76.35 targeting 74.20 and stop loss above 77.55, might be appropriate.

Gold closed higher due to short covering on Friday as it consolidates some of the decline off June's high. The high-range close sets the stage for a steady to higher opening on Monday. Stochastics and the RSI are oversold but remain neutral to bearish signalling that sideways to lower prices are possible near-term. If it extends the aforementioned decline, the 38% retracement level of this year's rally crossing is the next downside target. Closes above the 20-day moving average crossing would signal that a short-term low has been posted.(ibtimes)

Gold succeeded in reaching the first technical objective of our previous report at 121.400 zones as seen on the provided daily chart. The long white candlestick structure alongside the positive signs appearing on Stochastic and AROON suggest that the bullish effect of our previous explained harmonic formation could continue during this week towards the second technical target of the pattern at 1232.00 zones-61.8% Fibonacci of CD leg- while the extended targets reside around 1244.00 areas. A break of 1216.00-SMA value- could accelerate this proposed positive scenario.
The trading range for this week is among the key support at 1165.00 and key resistance now at 1253.00.
The general trend over the short term basis is to the upside, targeting $ 1365.00 per ounce as far as areas of 1120.00 remain intact.(ibtimes)
Previous Report

Support	1202.00	1196.00	1192.00	1187.00	1183.00
Resistance	1216.00	1219.00	1225.00	1233.00	1244.00
Recommendation	Based on the charts and explanations above our opinion is, buying gold around 1202.00 targeting 1233.00 and stop loss below 1177.00 might be appropriate.

Gold has found a solid support around 1187.00 yesterday, which pushed it to the upside while the positive signs continued appearing on Stochastic. Thus; the bullish effect of the recently captured bullish harmonic structure might continue over intraday basis as far as areas of 1177.00 remain intact. Note that, a break of 1202.00 could accelerate the suggested upside correction.
The trading range for today is among the key support at 1172.00 and key resistance now at 1226.00.
The general trend over short term basis is to the upside, targeting 1365.00 per ounce as far as areas of 1120.00 remain intact.(ibtimes)
Weekly Report Previous Report

Support	1192.00	1187.00	1183.00	1177.00	1172.00
Resistance	1202.00	1209.00	1211.00	1216.00	1219.00
Recommendation	Based on the charts and explanations above our opinion is, buying gold around 1192.00 targeting 1213.00 and stop loss below 1177.00 might be appropriate.

Crude ascended to retest the previously breached support for the bullish channel that has currently turned into resistance, while it presently ascends to 76.10. Momentum indicators are showing clear overbought signs, thus adding strength to the mentioned resistance level; therefore we can expect a bearish intraday direction that will start its targets at 74.35 then 73.50. Keep in mind the importance that this scenario requires stabilizing trading below 76.10.
The trading range for today is among the key support around 73.50 and the key resistance around 76.95.
The short term trend is to the downside as far as 84.00 remains intact with targets around 61.60.(ibtimes)
Previous Report Weekly Report

Support	75.15	74.35	73.50	72.90	72.05
Resistance	76.10	76.95	77.20	77.70	78.25
Recommendation	Based on the charts and explanations above our opinion is buying crude around 76.10 targeting 74.35 and stop loss above 76.95, might be appropriate.

Gold's suggested bearishness has been limited temporarily around our first detected technical target of the weekly report around 1183.00 zones. Now, the daily chart offered the probability of forming a bullish harmonic structure, supported by positive signs appearing on Stochastic and AROON indicators. Thereby, potential upside movements could be witnessed over intraday basis without ignoring the bearish factors appears on the weekly chart. We recommend reviewing the weekly report for more details.
The trading range for today is among the key support at 1172.00 and key resistance now at 1235.00.
The general trend over short term basis is to the upside, targeting 1365.00 per ounce as far as areas of 1120.00 remain intact.(ibtimes)
Weekly Report Previous Report

Support	1202.00	1198.00	1192.00	1187.00	1183.00
Resistance	1209.00	1211.00	1216.00	1219.00	1226.00
Recommendation	Based on the charts and explanations above our opinion is, buying gold around 1198.00 targeting 1219.00 and stop loss below 1184.00 might be appropriate.

Crude strongly pushed to the upside yesterday to retest the previously breached neckline for the bearish technical pattern at 75.15, effected by the positivity appearing on momentum indicators yesterday, in addition to breaching the bullish technical pattern's minor neckline around 73.50. These signs, alongside stability above the MA 50 point to positive pressure that may push for more bullish movement, however, the retest level is accompanied by momentum indicators entering overbought areas and thereby maintaining an upper hand in returning to continue in the bearish trend that was started after breaching support for the bullish short term channel for the first day of the current month. We recommend observing trading today, especially resistance levels between 75.15 - 75.80 and support 74.00, since these levels holds the keys in insuring the upcoming short term intraday direction.
The trading range for today is among the key support around 72.90 and the key resistance around 76.95.
The short term trend is to the downside as far as 84.00 remains intact with targets around 61.60.(ibtimes)
Morning Report Weekly Report

Support	74.05	73.50	72.90	72.05	71.45
Resistance	75.15	75.80	76.25	76.90	77.20
Recommendation	Based on the charts and explanation above our opinion is observing the pair’s movement to insure its upcoming direction.

Coming beneath SMA 50 along with yesterday's long black candlestick pattern-secondary image- added further strength to the bearish technical factors appearing on the weekly chart. The negative divergence is still pressuring the metal negatively, taking it to revisit the pivotal support areas around 1187.00-yesterday's detected technical objective-. More bearishness might be underway over intraday basis, initially targeting 1165.00 zones and might extend further towards 1155.00.
The trading range for today is among the key support at 1165.00 and key resistance now at 1226.00.
The general trend over short term basis is to the upside, targeting 1365.00 per ounce as far as areas of 1120.00 remain intact.(ibtimes)
Weekly Report Previous Report

Support	1187.00	1183.00	1176.00	1172.00	1165.00
Resistance	1198.00	1202.00	1209.00	1216.00	1219.00
Recommendation	Based on the charts and explanations above our opinion is, selling gold around 1198.00 targeting 1174.00 and stop loss above 1216.00 might be appropriate.

Crudeinclined, touching50% Fibonacci correctional levelthat has turned into resistance after it has previously been breached, but will lead to a quick descend to trade once again within the mentioned bearish channel in yesterday's reports below 61.8% Fibonacci. Therefore, the suggested bearish trend scenario will remain intact, where a bearish intraday direction is expected; targeting 69.50 mainly that require the daily closing below 73.00 to prevail.
The trading range for today is among the key support around 69.50 and the key resistance around 73.55.
The short term trend is to the downside as far as 84.00 remains intact with targets around 61.60.(ibtimes)
Previous Report Weekly Report

Support	71.45	71.05	70.15	69.50	69.15
Resistance	72.05	72.80	73.55	74.35	75.25
Recommendation	Based on the charts and explanations above our opinion is buying crude around 72.05 targeting 70.15 and stop loss above 72.80, might be appropriate.

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Crude continued its bearish pressure to breach 61.8% Fibonacci correction for the final ascend that will start from 67.15 towards the recorded top at 79.90. This makes us expect more bearish intraday movement today, where targets start at 70.15; pointing to the possibility of witnessing some fluctuation due to the positivity appearing on momentum indicators before heading towards achieving the suggested bearish targets. Keep in mind the importance of stability below 72.80 to maintain chances of achieving expectations.
The trading range for today is among the key support around 69.50 and the key resistance around 73.55.
The short term trend is to the downside as far as 84.00 remains intact with targets around 61.60.(ibtimes)
Weekly Report

Support	71.05	70.15	69.50	69.15	68.25
Resistance	72.05	72.80	73.55	74.35	75.25
Recommendation	Based on the charts and explanations above our opinion is selling crude around 72.05 targeting 70.15 and stop loss above 72.80, might be appropriate.

Gold didn't show any big moves since our weekly report was published yesterday. Thus; we keep the proposedbearish outlook unchanged, based on the four negative technical appearing on the weekly basis. We recommend reviewing the weekly report for more details. Note that, a break of the potential supportover intraday basis at 1196.00 could send the metal downwards aggressively.
The trading range for today is among the key support at 1183.00 and key resistance now at 1232.00.
The general trend over short term basis is to the upside, targeting 1365.00 per ounce as far as areas of 1120.00 remain intact.(ibtimes)
Weekly Report

Support	1202.00	1198.00	1196.00	1187.00	1183.00
Resistance	1209.00	1211.00	1216.00	1219.00	1226.00
Recommendation	Based on the charts and explanations above our opinion is, selling gold around 1209.00 targeting 1187.00 and stop loss above 1226.00 might be appropriate.

Crude stabilized trading below support for the key ascending channel after insuring the breach of the neckline for the bullish technical pattern, shown above. We still see that there are bearish targets for this pattern that have not been achieved yet, but we could witness some fluctuation and minor bullish correction due the bullish momentum appearing through the four hour channel, before continuing the expected overall bearish direction for this week. Technical targets start at 69.50 then 67.15, keep in mind the importance of stability below 74.55 to insure achieving this scenario.
The trading range for today is among the key support around 67.15 and the key resistance around 75.25.
The short term trend is to the downside as far as 84.00 remains intact with targets around 61.60.(ibtimes)
Previous Report

Support	72.10	71.70	71.45	70.45	70.00
Resistance	73.35	74.35	75.25	75.75	76.65
Recommendation	Based on the charts and explanations above our opinion is selling crude around 73.35 targeting 71.70 and stop loss above 74.55, might be appropriate.

Gold slipped aggressively during the past week, testing the pivotal support levels around 1196.00. There are four negative technical factors that could be seen on the weekly chart encouraging us to say that further bearishness could be witnessed during this week:
1-The suggested Elliott count as it might start the corrective structure "A-B-C".
2-The bearish harmonic AB=CD pattern.
3-The hanging man candlestick pattern which confirmed by the past week's long black candlestick.
4-The negative divergence which appeared on MACD.
The trading range for this week is among the key support at 1165.00 and key resistance now at 1265.00.
The general trend over the short term basis is to the upside, targeting $ 1365.00 per ounce as far as areas of 1120.00 remain intact.(ibtimes)
Previous Report

Support	1202.00	1196.00	1183.00	1176.00	1165.00
Resistance	1216.00	1219.00	1226.00	1235.00	1249.00
Recommendation	Based on the charts and explanations above our opinion is, selling gold around 1218.00 targeting 1183.00 and stop loss above 1240.00 might be appropriate.

Crude succeeded in achieving yesterday's suggested bearish direction, where it was able to breach pivotal support 75.20 as trading currently stabilizes at support for the bullish short term channel at 74.60. Meanwhile, achieving stability below the mentioned pivotal support will activate the previously suggested bearish technical pattern; therefore we expect a bearish overall direction today that will initially start when 74.60 is breached, heading towards $72.00 per barrel mainly. Keep in mind that this scenario requires trading to stabilize below 75.75.
The trading range for today is among the key support around 72.00 and the key resistance around 76.65.
The short term trend is to the downside as far as 84.00 remains intact with targets around 61.60.(ibtimes)
Previous Report Weekly Report

Support	74.60	73.70	73.20	72.45	72.00
Resistance	75.20	75.75	76.65	77.20	77.70
Recommendation	Based on the charts and explanations above our opinion is selling crude with the breach of 74.60 targeting 73.20 and stop loss above 75.20, might be appropriate.

The decline occurred yesterday which took the metal towards the risk limit of 1226.00 signals that, the negative divergence appearing on MACD over weekly chart is still pressuring the metal negatively. Also, there is a harmonic probability for forming AB=CD pattern that might add additional pressure on the metal. These factors argue us to say that potential downside movements could be seen over intraday basis, supported by AROON indicator.
The trading range for today is among the key support at 1209.00 and key resistance now at 1265.00.
The general trend over short term basis is to the upside, targeting 1365.00 per ounce as far as areas of 1120.00 remain intact.(ibtimes)
Weekly Report Previous Report

Support	1239.00	1235.00	1232.00	1228.00	1226.00
Resistance	1245.00	1249.00	1252.00	1255.00	1262.00
Recommendation	Based on the charts and explanations above our opinion is, selling gold around 1245.00 targeting 1226.00 and stop loss above 1262.00 might be appropriate