Gold trading strategies of some trusted institutions - December 31, 2013

Gold opened the U.S. session last night dropped to 1204.50 , then hits high in 1209 when the euro rose sharply against the dollar . After U.S. economic data released flourishes , gold prices turned down in 1204 . Quiet trading throughout the day gold prices closed at 1204 .

Kitco - Gold Trading Strategy 12/31 Get up to 24 hours of trend : To increase slightly sideways Asian session Walking to the mitigation of Europe Reducing the U.S. session The trading range : 1202-1192 Trading strategy : Sell ??below 1202 , Stop Loss 1205 , Target 1192 expectations .

ScotiaMocatta - Identify trend gold price 12/31

Gold opened the U.S. session last night dropped to 1204.50 , then hits high in 1209 when the euro rose sharply against the dollar . After U.S. economic data released flourishes , gold prices turned down in 1204 . Quiet trading throughout the day gold prices closed at 1204 .

Thus, the price of gold stopped yesterday to end at 1204 . Metal has gradually moving higher than last week with the direction of travel from the landmark 1188 and ends on Tuesday 6 in 1218 . The support for the important trend is at 1181 and resistance is at 1222 , here is the top of a falling channel in 2 months . In a larger aspect , closed 2013 worth of gold at the lowest point of the minutes from 1181 to the year 1795 . Gold prices also reduce the risk trends .

Forex Yard - Gold Trading Strategy 12/31

Pivot : 1209

Key Strategy : Sell below 1209 target 1187 to 1180

Secondary strategy : If break on 1209 targets for 1219 -1227

Comment : The RSI has attacked the neutral region of 50 % and is reversing down .

The level of technical support

Resistance : 1227 -1219 - 1209

Current Price : 1200.2

Support levels: 1187 - 1180 - 1167