Review of $0$ XAU/USD - GOLD Spot/GOLD FUTURES (XAU USD)
as of Wednesday, September 14, 2011
Today's Price Action
Change -13.0000 (-0.71%) prices closed lower than they opened. with weak Bids going into the close.
MARKET SENTIMENT
PulseScan Swing Vix
PulseScan: 12.98
Swing Vix: 13.55
The Market Pulse is positive since it is trading above its zero signal line.The PulseScan crossed below the Swing Vix creating a DOWN Trend Channel as of 3 period(s) ago. The Swing Vix is not currently in a topping (above 39) or bottoming (below -39) range.
A buy or sell signal is generated when the Swing Vix moves out of an overbought/oversold area.
*The last signal was a Over-Bought Sell 15 period(s) Ago.
The Swing Vix does not currently show any Failure Swings.The Swing Vix and price are not diverging.
*Since the last Swing Vix signal, $0$ XAU/USD - GOLD Spot/GOLD FUTURES's price has decreased 2.00%, and has ranged from a high of 1,889.10 to a low of 1,794.80.
MOMENTUM
MARKET TREND - Currently the TREND is VERY-BULLISH - Heavy Accumulation.
TREND STRENGTH - STRONG - Bullish Trend,,BULLISH MOMENTUM,
TRENDLINE RETRACEMENT
The close is currently Above it's PulseWave Cycle TRENDLINE RETRACEMENT. - 1,586.24
The close is currently Above it's Long Term TRENDLINE RETRACEMENT. - 1,493.95
INTRADAY PRICE PROJECTIONS
RESISTANCE 1,850.03 -
SUPPORT 1,809.67 - GO SHORT here 1,791.27 - place stoploss here 1,864.67
WEEKLY PULSE WAVE PRICE PROJECTIONS
PulseWave BreakOut RESISTANCE - 1,949.07- GO LONG here 1,949.07 place stoploss here 1,791.27
PulseWave BreakOut SUPPORT - 1,680.13-
MONTHLY PRICE PROJECTIONS
BULL MARKET UPTREND - (12-18mo) PRICE TARGET = 2,598.62
Long term Trend Line resistance is currently at - 1,923.70
Long term Trend Line support is currently at - 1,586.24
VOLATILITY
On 9/14/2011, $0$ XAU/USD - GOLD Spot/GOLD FUTURES closed
above the lower band by 42.5%.
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