Gold Trend May 1, 2014

 Follow The Raw
Follow The Raw & Let Your Dreams Come True
I_ Open Real Account ( Standard ) & Get Free €50 ( No Deposit Bonus )
--> http://tinyurl.com/qh8mxc7
This exclusive offer is available between 25/03/2014 and 25/06/2014
Join us now
What You Waiting For?

Gold Trend May 1, 2014
Long Term ~ Neutral - Need a monthly close above 1800 to confirm the bull market final phase underway.
Medium Term ~ Neutral – Need a close above 1292 in April to maintain neutral trend. A close below 1272 bearish.
Intermediate Term ~ Neutral– 1265-1272 downside target met, now need close above 1312 for neutral reading and 1322 for bullish.
Short Term ~ Neutral– The next cycle turn is due April 29th (plus or minus 72 hours) this week.  close below 1272 bearish. Need close above 1312 for bullish reading.  

Initial Resistance 1297-1307 2nd tier 1312-1317
Initial Support 1277-1282 and 2nd tier 1263-1272

The last update listed resistance at 1303-1307 and the high was 1302.
Support was listed at 1282-1293 and the low was 1286.
Chinese Currency Collapses To 18-Month Lows; Nears PBOC Limits
Submitted by Tyler Durden on 04/30/2014 - 22:32

After widening its tolerance for real world volatility mid-March, the PBOC has faced a daily battering of USD buyers and CNY sellers which have driven the Chinese currency to its weakest level in over 18 months. However, things are starting to become problematic... while call buying and hedging is exploding - as carry traders and local specs rush to cover exposures, Bloomberg notes that Morgan Stanley fears as the yuan approaches the lower end of PBOC’s permissible daily trading range, anticipated intervention to defend band could put other currencies under selling pressure. The last time - Summer 2012 - that the PBOC defended its currency, EUR came under selling pressure but as Morgan Stanley notes, “In the very unlikely case” of PBOC not defending band, FX volatility would surge globally with implications going beyond RMB as markets would assume China’s economic problems might be significant...

On the heels of disappointing March data in China for Services and Manufacturing, China's "official" manufacturing PMI saw its lowest 'April' print on record (typically a period of renaissance post-New Year data snafus) missing expectations for the first time in 2014 and just marginally above last month's data (50.4, exp. 50.5, prev. 50.3) China is still in Schrodinger-land with "official' data (biased towards larger SOEs) in very modest expansion and Markit (weighted towards smaller - more realistic - entities) in considerable contraction. That China disappointment follows earlier data which saw Aussie PMI collapsed over 3 points in April to its lowest in 9 months with the deterioration broad-based across the key sub-components. As Goldman notes, production is now at its weakest in a year, employment remains in contraction and, most worryingly, new orders printed their largest contraction in 13 months. This is the 6th month in a row of Aussie manufacturing contraction.

Gold short term

Support is 1262-1272 and 1277-1281 and resistance is 1295-1306. The white lines are the support and resistance points as the downtrend and uptrend converge.  It may take one more day with NFP on Friday.

Samer Al Reifae
support5002@vantagefx.com

Get the newly designed trading tools package that can enhance your trading and assist you in achieving your trading goals. Maximize returns and discover new trading opportunities with this wide range of seriously advanced tools.

What is the SmartTrader Tools Package?
Nine unique and powerful trading tools completely designed for MetaTrader 4 (MT4) and available in one user-friendly, easy-to-install package. The package includes:




 Sentiment Trader
At a quick glance, see what the general sentiment is and trade directly within the same window


 Correlation Trader
Determine correlation patterns between pairs in one app with key figures & notes
 
Session Map
A visual world sessions map synced to your local time-zone with calendar events
 
 Trade Terminal
Advanced trade execution and analysis tool for quick, precision trading
 
 Excel RTD Link
The bridging tool for Excel pros allowing you trade from Excel based trading rules
 
 Alarm Manager
Go beyond just receiving alerts. Automatically trigger orders or close trades based on your pre-set rules.


 Correlation Matrix
A flexible and comprehensive matrix grid. See at a glance correlation scores and the strength of patterns.

Market Manager
Customise and create a Market Watch window with different layout options


 Connect Panel
Your personal pick of news feeds and Binary Options trading direct from MT4

 How do you get the package free?
Visit our SmartTrader Tools webpage for more information on each tool and how to register.

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

YOU ARE NEVER LEFT ALONE

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.

E Currency Trading

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.

E Currency Trading Map

In this section you will find your road map on how to become a real successful trader couple of months as from today.

Forex Trading Tutorials

In this section you will know the  3 major areas – Technical Analysis, Fundamental Analysis and Trading Physcology.

Forex Trading Courses

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.

Forex Scams Tips

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.

Forex Scams

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