Tuesday, November 12, 2013

Gold Trend Nov 13/2013

Long Term ~ Neutral - need a monthly close above 1800 to confirm the bull market final phase underway
Medium Term ~ Bearish - Need a close above 1371-1421 to neutralize.
Intermediate Term ~ Neutral -- resistance 1333-1343
Short Term ~ Bearish – A cycle turn up due between Thursday and Monday.

Support and Resistance
Initial Resistance 1282-1292 and 2nd tier 1305-1312
Initial Support 1253-1263 and 2nd tier 1232-1242

Resistance listed in the last update was 1288-1295 and the high was 1286.
Support was listed at 1260-1272 and the low was 1260

CME GROUP NEWS
Like the rest of the metals markets on Tuesday, gold showed some early interest in the upside only to have those gains reversed and the market turn sellers. From the mid-morning Tuesday high to the lows on Tuesday, December gold saw a setback of more than $20 an ounce. Even in the face of a softer Dollar, gold was unable to garner favor perhaps because of hints from a Fed member that tapering could well begin in December. However, the Fed's Lockhart also suggested that inflation was too low and that inflation would have to climb towards the 2% target for the tapering to begin.

Gold Overview
Gold remains weak on this downtrend and a close below 1258-1259 warns of more potential downside.
Last night we said to watch 1260-1272 for Tuesday on the short term update and support and resistance and the low was 1260. While this could be setting up for the low of this short term cycle any close below 1258-1259 will favor lower to at least the purple trend line just under 1250 with the potential for 1222 if things get out of hand on the downside. Perhaps this is a lead in for Janet Yellen and the hearings on Thursday. That will be the 1st day of the window for the short term low as well. We’re either making the low here, or about to get a strong move towards 1222-1242.

Gold Short Term
The 1st support to watch for is the 1258-1260 on Wednesday and that purple channel line under 1250. This is the same situation we spoke of last night. Thus the 1st target has been met and now if we close below 1258-1259 then 1240-1245 comes in play. The low is 1251 in October. Resistance comes in around 1280-1290 on Wednesday.
In summary, the short term trend remains down but is due to bottom during Thursday thru Monday. The purple line seems to be the most likely target, but there is a chance of holding here at 1260. Let’s see what Wednesday brings.
Gold hourly chart
 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
ClientsCommission on CurrenciesCommission on GoldSecond Tier (Sub Ib's)
3-10$7$2510%
11-30$8$2510%
31+$10$2510%

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.
 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
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