Follow The XM Bull
Long Term ~ Neutral - Need a monthly close above 1800 to confirm the bull market final phase underway.
Medium Term ~ Neutral – Trend is now neutral after one year in bearish mode. A close above 1420-1480 needed for next significant price point
Intermediate Term ~ Bullish – Gold bears keep trying to get gold to join silver in a seasonal downturn but just can’t do it yet. The wild card remains the Russia/Ukraine situation. A close above 1392 needed for higher. A CLOSE BELOW 1322 puts the seasonal downtrend in play and neutralizes the trend.
Short Term ~ Bullish / Neutral – The Short Term Cycle window closes after Wednesday trade– where a peak in gold is due ideally on March 16th plus or minus 72 hours, and odds favored it looks like a down cycle into month end. Next Fed meeting RESULTS WEDNESDAY AFTERNOON IN New York
Initial Resistance 1368-1375 2nd tier 1380--1385
Initial Support 1350-1353 and 2nd tier 1340-1345 and 3rd tier 1335 region
In the last update resistance was listed at 1392-1402 (which was in error – the range should have been 1372-1382 and the high was 1368. Support was listed at 1352-1362 and the low was 1351.
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Gold Overview
Medium Term ~ Neutral – Trend is now neutral after one year in bearish mode. A close above 1420-1480 needed for next significant price point
Intermediate Term ~ Bullish – Gold bears keep trying to get gold to join silver in a seasonal downturn but just can’t do it yet. The wild card remains the Russia/Ukraine situation. A close above 1392 needed for higher. A CLOSE BELOW 1322 puts the seasonal downtrend in play and neutralizes the trend.
Short Term ~ Bullish / Neutral – The Short Term Cycle window closes after Wednesday trade– where a peak in gold is due ideally on March 16th plus or minus 72 hours, and odds favored it looks like a down cycle into month end. Next Fed meeting RESULTS WEDNESDAY AFTERNOON IN New York
Initial Resistance 1368-1375 2nd tier 1380--1385
Initial Support 1350-1353 and 2nd tier 1340-1345 and 3rd tier 1335 region
In the last update resistance was listed at 1392-1402 (which was in error – the range should have been 1372-1382 and the high was 1368. Support was listed at 1352-1362 and the low was 1351.
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Gold Overview
We've got the initial pullback selloff anticipated on Monday. This
section listed 1351-1357 for support (1351 was the low). The next
support level on the mini blue line if we break below 1350-1353 is the
one near 1345 on the chart and since it’s a FED DAY the next lower one
is near 1335. That is what we have to work with and when it’s a FED day,
they can’t be eliminated.
We can pull back to 1322 (the WEEKLY SUPPORT PRICE POINT) as there is another band of support and mini blue line before moving higher and thus we could pullback to month end or do it all in the next 24 hours. And then restart the upward trend towards 1422.
For now Support is the 1350-1353 and then 1341-1345. Resistance is 1365-1372 and then near 1380-1382.
The short term trend is in transition and while still somewhat bullish in numbers, a better reflection is neutral due to the cycle turn happening.
We can pull back to 1322 (the WEEKLY SUPPORT PRICE POINT) as there is another band of support and mini blue line before moving higher and thus we could pullback to month end or do it all in the next 24 hours. And then restart the upward trend towards 1422.
For now Support is the 1350-1353 and then 1341-1345. Resistance is 1365-1372 and then near 1380-1382.
The short term trend is in transition and while still somewhat bullish in numbers, a better reflection is neutral due to the cycle turn happening.
History and Background
XM is the registered trade name of Trading Point of Financial Instruments Ltd, a CySEC-regulated, FSA (UK)-registered, international forex broker with its main offices in Limassol, Cyprus. Since its establishment in 2009, the company has gained corporate reputation by virtue of their core values such as business transparency, excellent trading conditions, and professional client communication.
XM operates its financial services with full European Union authorization (including BaFin, AFM, FI, FIN, and CNMV) and by following a best execution policy for executing trading orders in real time.
XM is the next-generation broker for online forex and commodity trading, offering a wide array of progressive features for trading forex, precious metals, stock indices, and energies. What makes XM outstanding is that there are no re-quotes or rejections of trading orders, no hidden fees or commissions, and 99.35% of orders get executed in less than 1 second.
The 888:1 leverage offered by XM is unique in the industry. Over 60 currency pairs and over 100 financial instruments can be traded both online and by phone on 7 advanced trading platforms. Besides, there are no upper limits to deposits.
Beginner and seasoned traders can equally benefit from superior services and from exactly the same trading conditions, whether they open a real or a demo account. Registration is currently available in 17 languages, and trading can be started with a min. deposit of USD5 on multiple forex accounts, or on non-expiring demo accounts funded with USD100,000 virtual currency. Clients can benefit from tight spreads as low as 1 pip on the major currency pairs.
Clients can choose from three forex account types with custom-tailored conditions and base currency options for USD, EUR, GBP, JPY, CHF, AUD: MICRO account (1 micro lot = 1,000 units of the base currency), STANDARD account (1 standard lot is 100,000 units of the base currency), and EXECUTIVE account (1 standard lot is 100,000 unites of the base currency).
With generally tight spreads on over 60 currency pairs and the same spreads offered for all trading account types, XM also provides fractional pip pricing so that clients can trade with tighter spreads and benefit from the most accurate quoting possible.
XM operates its financial services with full European Union authorization (including BaFin, AFM, FI, FIN, and CNMV) and by following a best execution policy for executing trading orders in real time.
XM is the next-generation broker for online forex and commodity trading, offering a wide array of progressive features for trading forex, precious metals, stock indices, and energies. What makes XM outstanding is that there are no re-quotes or rejections of trading orders, no hidden fees or commissions, and 99.35% of orders get executed in less than 1 second.
The 888:1 leverage offered by XM is unique in the industry. Over 60 currency pairs and over 100 financial instruments can be traded both online and by phone on 7 advanced trading platforms. Besides, there are no upper limits to deposits.
Beginner and seasoned traders can equally benefit from superior services and from exactly the same trading conditions, whether they open a real or a demo account. Registration is currently available in 17 languages, and trading can be started with a min. deposit of USD5 on multiple forex accounts, or on non-expiring demo accounts funded with USD100,000 virtual currency. Clients can benefit from tight spreads as low as 1 pip on the major currency pairs.
Clients can choose from three forex account types with custom-tailored conditions and base currency options for USD, EUR, GBP, JPY, CHF, AUD: MICRO account (1 micro lot = 1,000 units of the base currency), STANDARD account (1 standard lot is 100,000 units of the base currency), and EXECUTIVE account (1 standard lot is 100,000 unites of the base currency).
With generally tight spreads on over 60 currency pairs and the same spreads offered for all trading account types, XM also provides fractional pip pricing so that clients can trade with tighter spreads and benefit from the most accurate quoting possible.
Spreads and Leverage
The 888:1 leverage offered by XM is unique in the industry. Over 60 currency pairs and over 100 financial instruments can be traded both online and by phone on 8 advanced trading platforms. Besides, there are no upper limits to deposits.
Platform
Both demo and real account XM clients can trade on as many as 8 trading platforms that support market, limit, stop and trailing orders, and directly accessible from 1 account. This speeds up trading operations and gives traders great flexibility to trade from anywhere and at anytime with ease. At XM the multi-award winning platform Metatrader 4 works with an unlimited number of demo and real accounts, and Expert Advisors (EAs) are also supported.
The available trading software is as follows: MT4 Terminal; MT4 for Mac; Web Trader; iPhone Trader; iPad Trader; Droid Trader; Mobile Trader. Apart from this, the XM MAM Trader allows multi-account management to fund/asset managers and multiple account holders with an unlimited use of charts and EAs.
The available trading software is as follows: MT4 Terminal; MT4 for Mac; Web Trader; iPhone Trader; iPad Trader; Droid Trader; Mobile Trader. Apart from this, the XM MAM Trader allows multi-account management to fund/asset managers and multiple account holders with an unlimited use of charts and EAs.
Deposits and Withdrawals
Negative balance protection, the no re-requotes and no hidden fees or commissions policy, together with the strict and real-time market execution policy rank XM among the most sought-after forex brokers.
The safety of client funds is guaranteed by funds being kept in Tier1 segregated Barclays accounts. Account funding is 100% automatic and processed 24/7, while same day withdrawals are guaranteed. Clients can choose from various modern payment options, with a wide geographical coverage: credit cards (VISA, VISA Electron, MasterCard, Switch, Solo) bank wire, Neteller, Moneybookers Skrill, Western Union, MoneyGram, WebMoney, China UnionPay, SOFORT, iDEAL. The recently introduced local bank transfer option enables investors to fund their accounts through their own local banks (in 58 countries worldwide) and in their local currencies. There are no hidden fees or commissions for funds transfers, and all transfer fees are covered by XM.
The safety of client funds is guaranteed by funds being kept in Tier1 segregated Barclays accounts. Account funding is 100% automatic and processed 24/7, while same day withdrawals are guaranteed. Clients can choose from various modern payment options, with a wide geographical coverage: credit cards (VISA, VISA Electron, MasterCard, Switch, Solo) bank wire, Neteller, Moneybookers Skrill, Western Union, MoneyGram, WebMoney, China UnionPay, SOFORT, iDEAL. The recently introduced local bank transfer option enables investors to fund their accounts through their own local banks (in 58 countries worldwide) and in their local currencies. There are no hidden fees or commissions for funds transfers, and all transfer fees are covered by XM.
Beginners' and Customer Support
Multilingual Personal Account Managers are at both demo and real account clients’ disposal via live chat, by telephone or email in over 14 languages, assisting them with professional support 24 hours on 5 business days.
Rich forex educational material is at clients’ disposal, with free weekly interactive webinars, as well as with free, uniquely developed MT 4 video tutorials. The multilingual economic calendar, along with forex news and market analysis provided by XM financial experts help clients follow market changes and adapt their trading decisions accordingly.
Conclusion
XM (TradingPoint) is committed to satisfying your every need with integrity, transparency, and the determination to serve you well. The benefits of choosing XM are clearly stated on the Home page of XM website:
• Licensed in the EU
• Tight Spreads from 1 Pip
• Flexible Leverage up to 888:1
• No Commissions
• 30% Deposit Bonus up to $10,000
• 24 Hour Support
• No Re-quotes
• Fast and Easy Withdrawals
• Personal Account Managers
• Automated Trading
• Phone Trading
• Tight Spreads from 1 Pip
• Flexible Leverage up to 888:1
• No Commissions
• 30% Deposit Bonus up to $10,000
• 24 Hour Support
• No Re-quotes
• Fast and Easy Withdrawals
• Personal Account Managers
• Automated Trading
• Phone Trading
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.
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
