Gold Trend Jan 17/2014 |
| Posted: 16 Jan 2014 08:55 PM PST  Follow The XM Bull Long Term ~ Neutral - need a monthly close above 1800 to confirm the bull market final phase underway Medium Term ~ Bearish - Need a close above 1321-1370 to neutralize Intermediate Term ~ Neutral – neutral on weekly close above 1222 - resistance-1272 Short Term ~ BULLISH – The 1255 area is resistance and 1262-1272. Initial Resistance 1244-1254 2nd tier 1272-1275 Initial Support 1222-1232 and 2nd tier 1208-1214 Last nights update listed resistance at 1244-1254 and the high was 1243.90 – support was listed at 1222-1232 and the low was 1237. It was a very quiet day where we held in a very tight range. Let's see what Friday brings. It's a turn point day---at least the odds favor it. Gold Short Term The first band of support is still the mini blue channel in the 1225-1235 regions for gold on Friday. There's minor support near 1210-1214 but the next major support is still the 1180-1190 area. Resistance returns to the 1244-1254 area on Friday and then 1262-1267. Gold's pullbacks have held the 200 hour green moving average so 1st support is that area along with the price range where the mini blue channel is between 1225-1235. That's the odds favored 1st pullback zone at the moment. We can still go either way as we enter Friday.  If we break above 1255-1258 the next target is 1262-1272 range. We should see support on Thursday in the 1225-1235 area. The medium term trend of gold still has a significant chance of providing further upside as we near the end of the month and in February. Up until the bear market correction started the Chinese New Year was providing a good launch pad for gold at the end of January. That will be the next factor to watch and see if the bull trend has returned for gold. From a seasonal standpoint the first half of January is up and the 2nd half is usually down. So if we get a pullback into month's end it doesn't mean the trend is still down on a medium term basis.  Become an XM IB or Affiliate Partner today and start earning commissions from all the trading activity of the clients you referred to XM. The Advantages of Promoting XM: The Highest Conversion in the Industry Ability to transfer funds between IB account from/to client account No limits on how much you can earn No limits on how much you get paid every month Fastest and most reliable IB payouts Transparent reporting and detailed statistics Account Managers in more than 18 languages Leverage up to 1:888 for your Clients Low Minimum Deposit for your Clients Multiple Deposit Options for your Clients Monthly Timely Payments Tailor-Made Solutions No Fees to Start Multiple Platforms to Promote Flexible Commission Rates Unlimited Banners and Artwork Nonstop Promotions for your Clients The Partner Promotion for 2013 Offers
 Get paid to trade Gold in 3 easy steps. 1. Open your account HERE 2. Send me your MT4 trading account number and email address 3. Send me your Paypal or Moneybookers account number If you do not have a Paypal or Moneybookers account, please click on one of the links below to open your free account today. Moneybookers Paypal You will be paid $10 per standard lot of Gold traded and all payments will be made by the 25th of each month.  thelordoftruth@gmail.com  The Gold Price & Trend Predictions blog made for gold traders to find good news and to provide the traders with daily price predictions and to learn how to trade the Forex Market for free.Just pure learning! It will be of great fun.You can judge by yourself the quality of information that I will be giving you in my blog. Welcome to my blog where you can learn how to trade the Forex Market for free.The material is all created by myself and not copied from anywhere. There is a lot yet to come since there is a lot that you need to learn, and there is a lot that I need to share with you! So please just be patient – it will be worth it.You can judge by yourself the quality of information that I will be giving you . So just go now and start learning! Below is a quick guide of how this website is structured, so you can find what you are looking for fast. Remember that I update the pages every day so either check back often. In this section you will find quite a long article of what Forex is all about. If you are a beginner, this is a must read. It explains in detail what is required to start trading, what you should do and not, typical traps to avoid as a beginner and a lot of valuable information which you as a beginner must digest and learn prior opening any Forex account with real money. In this section you will find your road map on how to become a real successful trader couple of months as from today. In this section you will know the 3 major areas – Technical Analysis, Fundamental Analysis and Trading Physcology. In this section you will find a gold mine of information about the technicalities of Forex. We will start from the very basics covering all the Forex jargon words which you will be hearing every day and we will be taking you up to the level required to finally learn to trade like a pro – technical analysis, also found in this section. In this section you will see the tips that will help you stay away from crap forex products, which unfortunately the Forex market is invaded with. This section has a very detailed article on how to avoid being scammed in this ruthless world of Forex. I will explain in detail six tips that you need to look for prior purchasing any products. Even though most of the time you may claim your money back,the time wasted is never returned. You should have used that time to learn how to trade! Read it!     YOU SHOULD NOT TAKE ANY MATERIAL posted on this BLOG AS RECOMMENDATIONS TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED. Do your own due diligence. No one knows tomorrow's price or circumstance. I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader. I do not accept responsibility for being incorrect in my speculations on market trend. King Regards |
| You are subscribed to email updates from Follow The XM Bull To stop receiving these emails, you may unsubscribe now. | Email delivery powered by Google |
| Google Inc., 20 West Kinzie, Chicago IL USA 60610 | |
0 Comment for "Gold Trend Jan 17/2014"