Friday, October 19, 2012

Gold (^XAUUSD) Analysis 19-10-2012

Analysis of XAU/USD , for 19-10-2012 By Taqi Niaxee 


Forex Quote as of Friday, Oct 19th, 2012

 
High 1,743.26 Low 1,731.56
52Wk High 1,802.69
Since 11/08/11 (-3.86%)
52Wk Low 1,522.53
Since 12/29/11 (+13.83%)
Open 1,741.35 Prev Close 1,741.23
Volume 83,346 Avg Volume 184,526
Weighted Alpha +2.41 Standard Dev -0.86
20-Day Average 1,762.71 100-Day Average 1,658.61
14-Day Rel Strength 43.46% 14-Day Stochastic 6.28%
Trend Spotter Sell Trend Strength Average




Overall Average: 8% Sell and  92% Buy

According to my personal experience the XAU (GOLD) still have strong position against the USD. the Idea Support and Resistance prices are

Support & Resistance

                                    2nd Resistance Point                        1,757.67
                                    1st Resistance Point                         1,749.45

                                  1st Support Level                              1,735.59
                                  2nd Support Level                             1,729.95

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