Gold trading strategies of some trusted institutions - December 13, 2013

Gold dropped to 1235.50 U.S. session open after U.S. lawmakers reach budget deal is seen as the primary signal for the gradual withdrawal of Fed QE .

Forex Yard - Gold Trading Strategy Day 13/12 Pivot : 1250 Key Strategy : Sell below 1250 target for the 1212-1197 Secondary strategy : If break on 1250 targets for 1268 -1279 Comment : The RSI signals are reduced and also reduced the expected depth . The level of technical support Resistance : 1279 - 1268 -1250 Current Price : 1226.58 Support levels: 1212 - 1197 - 1180

ScotiaMocatta - Identify trend gold price date 13/12

Gold dropped to 1235.50 U.S. session open after U.S. lawmakers reach budget deal is seen as the primary signal for the gradual withdrawal of Fed QE .

The metal is gradually closing high sums up the day at 1237.50 before falling to its lowest level during the day at 1225.50 due to data of U.S. retail sales surged amid stronger greenback also despite rising unemployment . After all , this metal adjustment in the afternoon and ended in 1226 .

Thus, gold has closed the 2nd day in a row in 1226 . Motivation downward trend which had formed since early September has turned out , creating more pressure in the short term . Resistance at 1277 , according to the Fibo 61.8 % rise in July to August . Support is located at the most recent low in 1210 .