Gold trading strategies of some trusted institutions - December 11, 2013

Gold has moved up before the U.S. session open at 1258.50 , this is the lowest level of the day . Then mark the highest gold forward 3 weeks at 1268.50 through technical selling and buying Treasury up in front of the FOMC meeting next week .

KITCO - Gold Day Trading Strategy 11/12 Get up to 24 hours of trend : Reduce the Asian session Increase of Europe Increased the close down U.S. The trading range expected : 1252-1268 Trading strategy : Buy over 1252 , Stop loss below 1248 , expect 1268 target . Forex Yard - Gold Trading Strategy Day 11/12 The level of technical support Resistance : 1305 - 1294 - 1279 Current Price : 1263.4 Support levels: 1242 - 1226 - 1212 Pivot : 1242 The main strategy Buy the 1242 targets for 1279-1294

Secondary strategy : If price break below the 1242 target of 1226-1212

Comment : The RSI is supported by the increased sugar trenline .

ScotiaMocatta - Identify trend gold price date 11/12

scotiamocata Gold moved higher before the opening of U.S. session at 1258.50 , this is the lowest level of the day . Then mark the highest gold forward 3 weeks at 1268.50 through technical selling and buying Treasury up in front of the FOMC meeting next week . Finally , gold tapered and closed at 1262 level .

Gold has had a strong rally , breaking resistance in the stop band in 1258 to end at 1261 . This makes short -term outlook from bearish to sideways. MACD has generated a buy signal and the RSI is moving higher. Next resistance is at 1277 , according to the Fibo 61.8% rise from June to August . Support lies at recent low levels in 1210 .