GOLD 1 OZ (XAU=X) climb on safe-haven demand

GOLD 1 OZ (XAU=X) climb on safe-haven demand

GOLD 1 OZ (XAU=X) climb on safe-haven demand

Gold, silver price climb on safe-haven demand

Precious metal gold was trading higher in morning trade on Wednesday on commodity exchanges following safe-haven demand after equity markets continued to remain under stress.

Gold prices are expected to trade higher today, international markets are trading higher by 0.33 percent today at $1206.61 per ounce.

Oil prices also remained close to four-year highs on supply worries due to Washington’s sanctions on Iran.

Overall, the bias in prices is: Downwards.

The projected upper bound is: 1,219.10.

The projected lower bound is: 1,173.37.

The projected closing price is: 1,196.24.


A black body occurred (because prices closed lower than they opened).
During the past 10 bars, there have been 5 white candles and 5 black candles. During the past 50 bars, there have been 25 white candles and 25 black candles.

Momentum Indicators

Momentum is a general term used to describe the speed at which prices move over a given time period. Generally, changes in momentum tend to lead to changes in prices. This expert shows the current values of four popular momentum indicators.

Stochastic Oscillator

One method of interpreting the Stochastic Oscillator is looking for overbought areas (above 80) and oversold areas (below 20). The Stochastic Oscillator is 58.7394. This is not an overbought or oversold reading. The last signal was a sell 29 period(s) ago.

Relative Strength Index (RSI)

The RSI shows overbought (above 70) and oversold (below 30) areas. The current value of the RSI is 49.05. This is not a topping or bottoming area. A buy or sell signal is generated when the RSI moves out of an overbought/oversold area. The last signal was a buy 33 period(s) ago.

Commodity Channel Index (CCI)

The CCI shows overbought (above 100) and oversold (below -100) areas. The current value of the CCI is 48. This is not a topping or bottoming area. The last signal was a buy 1 period(s) ago.


The Moving Average Convergence/Divergence indicator (MACD) gives signals when it crosses its 9 period signal line. The last signal was a sell 4 period(s) ago.

Rex Takasugi – TDProfile

PREC.M.XAU= closed down -5.760 at 1,196.920. Volume was 8,900% above average (trending) and Bollinger Bands were 47% narrower than normal.

Open High Low Close Volume___
1,202.9401,208.3201,196.2601,196.920 18,387

Technical Outlook
Short Term: Neutral
Intermediate Term: Bullish
Long Term: Bearish

Moving Averages: 10-period 50-period 200-period
Close: 1,196.07 1,200.51 1,280.85
Volatility: 13 12 12
Volume: 1,839 368 92

Short-term traders should pay closer attention to buy/sell arrows while intermediate/long-term traders should place greater emphasis on the Bullish or Bearish trend reflected in the lower ribbon.


PREC.M.XAU= is currently 6.6% below its 200-period moving average and is in an upward trend. Volatility is extremely high when compared to the average volatility over the last 10 periods. There is a good possibility that volatility will decrease and prices will stabilize in the near term. Our volume indicators reflect very strong flows of volume into XAU= (bullish). Our trend forecasting oscillators are currently bullish on XAU= and have had this outlook for the last 23 periods.

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