Gold between penetration and break the downtrend support line 1300

Gold Prospects: neutral
After the gold out of the upward channel penetration price line 1300 which form the level of technical support, and significant for traders to come back and mounts to the area of ​​1310 U.S. dollars
A falling trend line support 1300 a neutral zone between 1320 and 1300 they do not give any signal to enter into trading
Access trading is when penetrates price downtrend or breaks a support line 1300, if breached the falling trend that began in the formation in early May, which prevent the price of missed until now become a resistance line 1347 target for the price and the opposite if the line is broken in 1300 becomes the line 1267 basic support line,
RSI also refers to the neutral position for gold which it is close to fifty line, this line refers to the direction of neutral and therefore does not give a signal to trading
Support lines ($): 1300, 1267.1240
Resistance lines ($): 1347, 1358

Euro will complete superiority over the green currency or will stop forecast this week

The Australian dollar was the strongest in the previous week started the week at 0.8911 and ends at 0.9187 any of the progress of 3.1%. Was to keep the interest rates for the Reserve Bank of Australia 2.5% and 5.7% unemployment rate after it had been forecast to 5.8% of the workforce as reasons directly to complete the Australian dollar superiority. Kept the Reserve Bank of Australia interest rate of 2.5% to support growth, this rate is the lowest historical interest rates for the Reserve Bank of Australia, which facilitates borrowing, dependent part of the Australian economy on a large number of mines on its territory, such as gold mines, copper and uranium, these mines need to long-term investments and thus lower the cost of borrowing contributes to the recent increase in requests and thereby increase the growth, the Australian central bank expects 3% growth rate through 2015
Contributed to macroeconomic data in the completion of the euro superiority over the greenback with the closure of the EUR / USD at 1.3339 $, began the first elements of the pressure on the euro show, it was announced Pond Bank in Germany over the weekend that he expects to be Greece need a new financial assistance by early in 2014, but so far all of these expectations. Can the euro complete superiority according to figures this week
Meanwhile the U.S. dollar has decreased the possibility of a slowdown in the asset-purchase program in September, after the number disappointing for jobs available outside of the agricultural sector to the FBI for the month of July, and it is likely to see the U.S. dollar under pressure this week if popping numbers the economy in the United States less expectations
Most expectations this week
Tuesday
German Consumer Price Index: This index assesses the changes in the cost of living by measuring changes in consumer prices. Is a key gauge of inflation
Confidence in the German economy poll: This poll issued by the Center for European Economic Research in Germany inquires views of financial experts across Europe every month in order to get the medium-term outlook for the German economic situation
U.S. Dollar: Retail Sales: is a monthly index on sales of goods to consumers in retail outlets. This figure is a major driving force in the market, where it is issued in a timely manner for the period studied, and gives an idea about the demand for consumer goods and consumer confidence
Wednesday
GDP in the euro zone, seasonally adjusted: is a market value of all final goods and services produced in the euro area during a specified period. Uses the growth rate of GDP as a measure important about the health of the economy in general. Because of the delayed release of the report for the period studied and because the components of GDP data are available before, it is usually expected figure well
Thursday
U.S. Dollar: Consumer Price Index (YoY): CPI assesses changes in the cost of living by measuring the change in the consumer payments for a range of elements. CPI is a main figure for inflation. Inflation reflects a decrease in the purchasing power of the U.S. dollar, which means that the dollar buys fewer goods and services
Friday
U.S. dollar: Michigan index of confidence: assesses consumer confidence regarding personal financial matters, working conditions, and purchasing power on the basis of a telephone survey includes hundreds of consumers. The University of Michigan index of confidence as one of the important indicators of consumer confidence in the United States

Price waiting for breach of the falling trend

It is known that metal break a key resistance line or a major support line follows after the acceleration of the price, either up or down. As we can see on the chart in the green circle downtrend has been compromised by the price comes after an acceleration towards the top
Price tries to break the downtrend since yesterday, and does not consider that price unless the trend broke four-hour candle closed above the downtrend, then it becomes a resistance line at the same time the 50-line% of Fibonacci repercussions of any line 3.39 The main objective of price
Unlike any if not breakthrough price downtrend support line becomes 3.27 on the price insurmountable barrier before we see down end
RSI reached to around the 70 level any indication that price amounts to buy it, but this does not mean that we see beyond the RSI line 70 if the price break the downtrend
Support line: 3.27
Resistance line: 3.39, 3.48 and 61.8% of the Fibonacci repercussions

U.S. dollar / Japanese yen within the ascending triangle

Entered the U.S. dollar / Japanese yen in ascending triangle since half of June, after the failure of the price to break the falling trend, which is the top line of the triangle Aktar than three attempts and then return to the bottom line of the triangle any upward trend line since the beginning of the week

Unsuccessful attempt to penetrate the price upward trend since the beginning of this week, more than once, failing which gave more importance to this line, In the case of broken price automatically becomes outside the triangle and sellers more powerful. Waiting for the next few hours to see if the price was penetrate a rising trend line or you will fall back to the top line of the triangle before any decision to trade

If you break the rising trend becomes a line of 96.92, a line of support and the first goal for the price, and the opposite could see a rebound in the price towards the resistance line 98.41 and then the top line of the triangle addition shows the RSI that pair sums to sell, the more approached index of the 30 line becomes exaggerated and selling potential rebound becomes more realistic

It is also possible that the upward price trend breaks and then come back and rises, This deceptive broken called

Support lines: 96.92 and 95.62

Line resistance: 98.41

Gold pending U.S. unemployment rate and the FBI tomorrow to determine its direction

Did not result in the meeting of the Federal Open Market in the United States for sharp fluctuations in the market as it was expected, it was Ben Bernanke very careful in his speech, did not give any indication about the possibility of reducing the quantitative easing in September or unemployment rate of 6.5%, which is the basic criterion of the Commission on Federal Open MarketGold remained in an upward channel with all Csaet that were issued yesterday, the price dropped yesterday to the 1305 close of U.S. $ 1,300 for the level of technical support, and significant for traders to touch the lower channel line فيرتد then to the area of ​​1325 U.S. $Became price trapped between the resistance line 1347 and line the bottom of the channel bottom, if the line is broken resistance 1347 upwards could see an acceleration in price rises towards the top of the channel, it is known that the reaction of metals to be strong in the event of a breakthrough line of major resistance or the line is broken Basic SupportThere are inversely between gold and the U.S. dollar, if the rate numbers U.S. unemployment and the change in available jobs outside the agricultural sector that the FBI positive can be seen breaking the price down the canal and its direction towards the $ 1,300 امركي line core support, even now stationed RSI nuclei line 50 which refers to the direction of neutralSupport lines ($): 1300, 1267.1240Resistance lines ($): 1347, 1358

Outlook calm markets after the important decisions in the past week

Ben Bernanke was the first man par excellence in the last week when he made the remarks during the day Wednesday and Thursday before Congress and the Senate in the United States

Fundamental analysis

Ben Bernanke was the first man par excellence in the last week when he made the remarks during the day Wednesday and Thursday before Congress and the Senate in the United States

All the lights are on the statements made by Fed Chairman Ben Bernanke, which was filled with caution, it is known that Ben Bernanke's remarks are based on two main points of the first tightening of monetary policy and the second asset purchases. Ben Bernanke said the day before Congress Wednesday that the decision to postpone the process of reducing its asset purchase program (QE) until half of next year not Balhtmi that reduction depends entirely on the upcoming economic data. Then returned and peered Fed Chairman on Thursday before the Senate to come back and confirms what he said in the previous day that reducing the quantitative easing program is not Palmakd

In relation to pound sterling there was a first meeting of the Bank of England for the month of July after receiving Mark Carney helm, monitoring traders closely to his statements about expanding or reducing quantitative easing, but the result was a stop quantitative easing exactly which stop buying assets of $ 375 billion per year, which means that the British central bank will stop pumping money into the market, which may lead to reduced liquidity and supply at the same time and thus to higher Pound Alstrlena. He also confirmed that the rate of interest will not be less than 0.5 percent

Japanese Yen was also in the spotlight after the results of the Japanese Senate elections that took place over the weekend which resulted in the superiority of the Japanese yen against its major counterparts

This week sees quieter in the decisions and statistics, as waiting for the day Wednesday, the interest rate decision of the Reserve Bank of New Zealand, which is expected to remain 2.5% to support growth, the New Zealand central bank's policy has not changed

Also waiting for the day Thursday gross domestic product (GDP) is British output is expected to be 1.4% versus 0.3% in the previous This significant increase can be reflected positively on the pound sterling, which may lead to the rise, all of this accompanied by the British central bank's decision to reconcile quantitative easing program

Witnessing the same day the U.S. durable goods orders are goods that are expected to live for more than three years, these products often require large investments and usually reflect optimism on the part of the buyer, especially for high expenditures,

It is expected to be a census 1.1% versus 3.6% in the previous

Commodities: It is likely to submit contracts for crude oil and gold in the event of U.S. data came disappointing

Likely to submit contracts for crude oil and gold in the event undermined the weak U.S. economic data reduced bets the Fed's stimulus efforts.
Highlighted key points:

    Technical portend sites for crude oil contracts of the consequences of the emergence of a reflection on the horizon
    Likely to receive support in the case of goods undermined the weak U.S. data reduced bets the Fed quantitative easing
Free table-poor U.S. economic data to traders awaited the release of house price index for the month of May and the manufacturing index published by the Federal Reserve Bank of Richmond in the state, with the expectation that the emergence of a slight improvement on both levels. However, as we pointed out earlier, the U.S. economic results returned to test some weakness compared with economists' expectations. Keep that area available in front of the emergence of disappointing results undermine speculation the Fed reduced the size of asset purchases. It is possible to enhance this scenario risk appetite and provides support for crude oil, copper and fueling demands for gold and silver contracts. Needless to say, he would have the results strong adverse effects.
Technical analysis for crude oil - Hot prices just as had been expected after testing constitute the evening star pattern in the candlestick. Main support lines up at 105.06, which aims to break down the existing level of 38.2% at 102.70. Near-term resistance at 108.89, the peak of the nineteenth of July