Long Term ~ Neutral - need a monthly close above 1800 to confirm
the bull market final phase underway
Medium Term ~ Bearish - Need a close above 1461-1529 to neutralize.
Intermediate Term ~ neutral –need a close above 1385 to keep things going higher.
Short Term ~ Bullish --- pullback support is 1322.
Support and Resistance
Initial Resistance 1375-1385 and 2nd tier 1395-1405
Initial Support 1344-1354 and 2nd tier 1322-1333
"knee jerk" moves such as these very often unwind themselves entirely within a day or two and we would not surprised if that was the case here - after all, what has really changed? Tapering is coming, maybe next month, maybe December but the end of Quantitative Easing is upon us.
A break above 1385 would suggest that the head and shoulders pattern is not going to unfold and a move above 1434 will quickly bring a test of 1485-1500, with even higher prices envisaged.
My view is that gold will continue to trend lower in the face of rising equities, rising interest rates and low inflation, with the possible exception of spikes related to Syria/other Middle East flare ups. watch 1334 for fresh buy.
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You will be paid $10 per standard lot of Gold traded and
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In order for your payment to be processed each month, please send me an email requesting payment and stating the amount of lots you have traded and your MT4 account number between the 20th and 24th of the month.
thelordoftruth@gmail.com
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.
In order for your payment to be processed each month, please send me an email requesting payment and stating the amount of lots you have traded and your MT4 account number between the 20th and 24th of the month.
thelordoftruth@gmail.com
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YOU SHOULD NOT TAKE ANY MATERIAL posted on this BLOG AS RECOMMENDATIONS
TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
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.
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
