Gold Price Movement Direction Early This Week

Continued strengthening of the gold price is still awaiting confirmation of an important resistance level breakout U.S. $ 1,330 per ounce , with the potential of the target area to U.S. $ 1,345 per ounce.Bila price is not able to penetrate the resistance area , the pressure drops to overshadow the movement of gold prices . And if the price breaks the support level of U.S. $ 1,309 , the price has the potential to continue its slide into area U.S. $ 1,295 -US $ 1,300 . On this day , market mover for the movement of gold is existing home sales data in the United States ( U.S. ) are projected to total sales of 5.31 million homes .

        Gold had gained last week on the level of U.S. $ 1,300 per ounce and closed at U.S. $ 1,315.8 per ounce . Interim agreement on the debt ceiling and budget crisis the United States ( U.S. ) makes the issue of retention of the U.S. Central Bank's monetary stimulus ( the Fed ) back menguat.Spekulasi continued monetary stimulus triggers the positive sentiment for gold . Potential bullish ( rising ) could continue if the U.S. $ 1,330 level is successfully penetrated to test the level of U.S. $ 1,353 . The next resistance level is at U.S. $ 1,376 , U.S. $ 1,394 , U.S. $ 1,400 and U.S. $ 1,435 in the strongest . Level of around U.S. $ 1,394 -US $ 1,435 extremely vulnerable to downward pressure later .
Medium -term bullish trigger resistance at U.S. $ 1,435 . Next resistance at U.S. $ 1,445 , U.S. $ 1,490 and U.S. $ 1,500 in the strongest .

         As for the level of support is at U.S. $ 1,300 , U.S. $ 1,268 and U.S. $ 1250 . Other support was U.S. $ 1,242 , and U.S. $ 1,208 -US $ 1,200 . Bearish trend ( down ) the medium term will continue if the level of U.S. $ 1,180 impregnable and will pave the way to a level of U.S. $ 1,155 and U.S. $ 1,120 . Psychological level at U.S. $ 1,100 and U.S. $ 1,000 . After the closure of the U.S. government successfully opened , then the data that is most important pending U.S. nonfarm payrolls ( NFP ) will be the focus this week . NFP data released Tuesday and allegedly improved so that it can suppress the gold , but it does not seem too significant . Because the release of the data speculation is unlikely to change the Fed's monetary stimulus is still retained . Other important U.S. economic data this week is the existing home sales , jobless claims , new home sales and durable goods orders are generally improved

          Gold prices drifted down in trading Tuesday ( 22/10/2013 ) this morning , as traders awaited the release of U.S. employment data as a measure of strength of the economic recovery Superpower . On the other hand , in the gold market is now shrouded in fears decline in holdings of the largest gold exchange-traded to the lowest level in 15 weeks .
          Spot market gold price slipped 0.07 % to U.S. $ 1,314.19 an ounce, after briefly being in the flat position . This precious metal prices have climbed nearly 4 % last week amid hopes the budget debate in Washington will make penundanaan wedge stimulus plan by the Federal Reserve . Would be difficult for the Fed to have enough confidence to recover from the impact of the U.S. forces in December pertemuanpada where the Fed will re-start the campaign on the scale bond purchases . Investors are now watching reports of the U.S. nonfarm payrolls data , due on Tuesday after being delayed so the U.S. government shutdown earlier this month , to gauge the fate of Fed stimulus .Google Terjemahan untuk Bisnis:Perangkat Penerjemah