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Long Term ~ Bearish- Need a monthly close above 1800 to confirm the bull market final phase underway. Need a monthly close above 1560 to neutralize the trend.
Medium Term ~ Neutral/bearish– The failure on gold’s part to close above the moving averages on a monthly basis (March, April, May, July, August) has left the downside open to lower Price potential.
Intermediate Term ~ Bearish– Need a close back above 1243 for neutral.
Short Term ~ Bearish-Gold cycles due to turn this week.
Initial Resistance 1227-1233 2nd tier 1243-1248
Initial Support 1215-1222 2nd tier 1202-1209
Last update listed resistance at 1222-1232 and the high was 1224.
Support was listed 1212-1215 and 2nd tier at 1202-1209 the low was 1207.
Stocks Slump Most In 2 Months, Bonds & Bullion Safe-Haven Bid
Submitted by Tyler Durden on 09/25/2014
Why Blackrock (And Every Other Bondholder) Is Freaking Out
Submitted by Tyler Durden on 09/25/2014
Germany's Ukip threatens to paralyze euro zone rescue efforts
Hourly Gold Chart
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Stocks Slump Most In 2 Months, Bonds & Bullion Safe-Haven Bid
Submitted by Tyler Durden on 09/25/2014
US equities suffered their biggest drop in 2 months today, with the
S&P 500 closing a glaring 30-point divergence with high-yield credit
markets which also sold off dramatically. The S&P 500 broke (and
closed) below its 50DMA (as did the Nasdaq, Dow Industrials, and
Transports). Russell 2000 dropped to beyond 4-month lows (-4.4% in
2014). Early USD strength gave way as stocks started to leak lower and
closed unchanged (+0.5% on the week) led by JPY and EUR strength.
Treasury yields plunged 4-6bps on the day (led by the long-end) with 10Y
testing the critical 2.50% handle once again. VIX broke above 16, its
4th biggest rise of the year. Gold rose as stocks lost ground but
silver, oil and copper slipped lower. HY Credit spreads closed at 8
month wides. Investors also piled into safe-haven short-squeeze
'camera-on-a-stick'. Stocks closed not "off the lows."
Why Blackrock (And Every Other Bondholder) Is Freaking Out
Submitted by Tyler Durden on 09/25/2014
Just last week, we explained why Blackrock - the largest asset manager
in the world - is gravely concerned about the 'broken' corporate bond
market. Simply put, thanks to The Fed's continued presence in the
Treasury market has left the corporate bond market a liquidity-starved
ticking time-bomb if faith in the stability of defaults ever falters
(with firm balance sheets at record high leverage) and "selling" begins.
The current level of liquid assets as a proportion of total HY assets
is about as low as it has been tracking data back around 25 years. In
other words, the massive (and likely levered) positions The Fed has
forced the world to take on by its repression face a dramatic liquidity
risk cost if they are ever to 'realize' any gains from the Fed's
handouts (by actually selling). That's what every bond manager
'knows'...
Germany's Ukip threatens to paralyze euro zone rescue efforts
The stunning rise of Germany’s anti-euro party threatens to paralyze
efforts to hold the euro zone together and may undermine any
quantitative easing by the European Central Bank, Standard & Poor’s
has warned.
Alternative für Deutschland (AfD) has swept through Germany like a tornado, winning 12.6pc of the vote in Brandenburg and 10.6pc in Thuringia a week ago. The party has broken into three regional assemblies, after gaining its first platform in Strasbourg with seven euro-MPs.
The rating agency said AfD’s sudden surge has become a credit headache for the whole euro zone, forcing Chancellor Angela Merkel to take a tougher line in European politics and risking an entirely new phase of the crisis. “Until recently, no openly Eurosceptic party in Germany has been able to galvanize opponents of European 'bail-outs’. But this comfortable position now appears to have come to an end,” it said.
Alternative für Deutschland (AfD) has swept through Germany like a tornado, winning 12.6pc of the vote in Brandenburg and 10.6pc in Thuringia a week ago. The party has broken into three regional assemblies, after gaining its first platform in Strasbourg with seven euro-MPs.
The rating agency said AfD’s sudden surge has become a credit headache for the whole euro zone, forcing Chancellor Angela Merkel to take a tougher line in European politics and risking an entirely new phase of the crisis. “Until recently, no openly Eurosceptic party in Germany has been able to galvanize opponents of European 'bail-outs’. But this comfortable position now appears to have come to an end,” it said.
Hourly Gold Chart
The main channel is the big black dotted lines. Inside that channel we
have smaller resistance lines that need to be overcome to favor the
trend turning back up on the short to intermediate term. An intermediate
turn would lead to the upper black dotted channel line. The others are
the short term points that must be overcome if we are to complete the
intermediate turn higher.
We’ve got to get back above that red channel line & the black channel line to overcome first resistance (1227-1233). Additional resistance is now 1247-1257. The trend remains down but a turn up is due now in short term cycles (Sept 24 – plus or minus 72 hours). We have to get back above 1222 on a closing basis at a MINIMUM. As you can see this week has been dominated by the trades at 1222 and where the control boyz are trying to keep the market under. The green 200 hour moving average has now arrived at 1222 also. Odds favor gold is on a bounce higher with a 1227-1232 target.
We’ve got to get back above that red channel line & the black channel line to overcome first resistance (1227-1233). Additional resistance is now 1247-1257. The trend remains down but a turn up is due now in short term cycles (Sept 24 – plus or minus 72 hours). We have to get back above 1222 on a closing basis at a MINIMUM. As you can see this week has been dominated by the trades at 1222 and where the control boyz are trying to keep the market under. The green 200 hour moving average has now arrived at 1222 also. Odds favor gold is on a bounce higher with a 1227-1232 target.
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"All new clients signed up through this link will be entitled to Free FXTwit$ Premium Real Time Signals"
This signals are delivered thru whatsappp +6018.341.2014
I was trading with a lot of brokers, and recently moved to HiWayFx.
Amazing service
Amazing bonus
Unbeatable spreads, as low as 0 pips
No Dealing Desk (NDD) execution model.
No re-quotes from dealers, no dealer intervention & no execution delays
Trading during news allowed
Scalping allowed
Personalized technical and customer service support
Start trading with a minimum deposit of only $20
It is very important for to trade with fast order’s execution, I had opened Standard NDD Account And I was pleasantly surprised by the quality of order’s execution.
I trade with this broker within few weeks.
I like everything, so far.
I feel comfort and confidence with HiWayFx, this company always ready to help you in different situation (closing of the order, bonus conditions or just fast withdrawal). I don't have any problems with trading, even on news.
M Samer Al Reifae
+40 734 277 757
https://www.facebook.com/LORDOFTRUTH
https://www.facebook.com/FollowTheRaw
https://www.facebook.com/groups/vantagefx/
http://lordoftruth.blogspot.com
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https://twitter.com/thelordoftruth
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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.
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