Gold trading strategies of some trusted institutions - December 18, 2013

Gold fell and before the U.S. session open at 1232.50 , and then progress to the highest level in 1243 when the fault of the U.S. CPI and stock still walked the red globe . Gold retreated to its lowest level in 1228 as investors moved cautiously into the FOMC meeting . Finally , the metal closed in 1230 .

KITCO gold - trading strategy 18/12 Sideways Asian session Modest increases of Europe Reducing the U.S. session The trading range expected : 1220-1240 Trading strategy : Sell ??below 1240 target 1225 and 1220 . Stop loss above 1245 . Forex Yard - Gold Trading Strategy Day 18/12 Pivot : 1250

Key Strategy : Sell below 1250 target for the 1223-1197

Secondary strategy : If break 1250 targets for 1268 -1279

Verdict : If you do not pass the milestone in 1250 , the risk remains high break below 1223

The level of technical support

Resistance : 1279 - 1268 -1250

Current Price : 1231

Support levels: 1223 - 1212 - 1197

ScotiaMocatta - Identify trend gold price date 18/12

Gold fell and before the U.S. session open at 1232.50 , and then progress to the highest level in 1243 when the fault of the U.S. CPI and stock still walked the red globe . Gold retreated to its lowest level in 1228 as investors moved cautiously into the FOMC meeting . Finally , the metal closed in 1230 .

Thus, gold stop at 1230 , continued to trade in sideways range . Support is at 1210 and resistance located bottom at the peak in 1268 . The bearish trend still exists , so the gold would risk retest important bottom in 1180 .