Wednesday, April 9, 2014

Gold Daily April 9, 2014

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--but a March close above 1322 GETS ONE MORE NOTCH to bullish.
Intermediate Term ~ Neutral– A close above 1355 needed for more bullish action. We are at the end of the short term cycle window. A close below 1262-1272 puts us bearish.
Short Term ~ Neutral – the short term cycle resolved to the upside and only a close below 1272-1282 would favor it to be a down one.

Initial Resistance 1312-1322 2nd tier 1328-1323
Initial Support 1286-1296 and 2nd tier 1272-1280

Resistance was listed at 1307-1313 on the last update and the high was 1315. 
Support was listed at 1286-1296 and the low was 1297.

The FED FOMC minutes come out on Wednesday afternoon.
Gold Hourly Price Chart
Resistance this week is 1315-1322 and 1333-1343. On monthly resistance watch the 1328-1333 area and use as a pivot. Below 1328 and we are in Feb price territory. Above 1333, we are in March Territory. The short term trend is neutral, and does still favor higher this week but A CLOSE BELOW 1272 and forget it. Support is the gold trend line but if broken then 1266-1272.

THE KEY for Tuesday is whether gold can get above 1305-1310. If so then that blue uptrend line and the gold Fibonacci retrace line point to 1316-1322 as still the odds favored resistance point. On the downside, support is the 1292-1294 area where the green 200 hour moving average resides. WE NEED TO SEE THE MINI BLUE MOVING AVERAGE (89 HOUR) GET ABOVE THE GREEN 200 HOUR FOR ADDITIONAL UPSIDE POTENTIAL. In summary, the short term trend is still intact, but let’s be careful because the pattern has more choppy and overlapping waves since the low than I like to see.

Get Free EUR 50 To Start Trading
What You Waiting For?
_Free EUR 50 On Account Opening
_10% deposit bonus and 200% rebate for
the deposits less than $1,000
_20% for more than $1,000

This offer is not valid for global clients
It is an exclusive offer for limited period,
The offer valid only for who open account from the link

Why Vantage FX?
Trade with Winners
Australian financial service providers, Vantage FX, have received a multitude of awards over the years including those from IB Times, Deal Makers, The World Finance Foreign Exchange Awards, Smart Investor and many more.

Vantage FX have
Award-winning Execution Speeds
Competitive spreads from 0.0 pips
24/5 Premium Customer Support
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!
 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