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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 1222-1233 2nd tier 1243-1248
Initial Support 1202-1209 2nd tier 1172-1180
Hourly Gold Chart
CYCLES
The medium term cycle has also reached its ideal time (Sept 23rd – plus or minus 2.5 weeks).
Gold is weak and remains vulnerable. If we lose that lower thick black dotted line, we’re looking at 1155-1180. If we can get above 1230, then 1240-1247 comes in play. The next short term cycle is due Oct 8th – Plus or minus 72 hours)
See Why HiWayFX?
A total of 4,000$ every month is given to the winners!
Open a LIVE/DEMO Account
Trade For Free & Win Real Money
Try Our Monthly Forex competition
A trading race of Skills, Patience and Stamina
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 1222-1233 2nd tier 1243-1248
Initial Support 1202-1209 2nd tier 1172-1180
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 or 1247-1260.
CYCLES
The medium term cycle has also reached its ideal time (Sept 23rd – plus or minus 2.5 weeks).
Gold is weak and remains vulnerable. If we lose that lower thick black dotted line, we’re looking at 1155-1180. If we can get above 1230, then 1240-1247 comes in play. The next short term cycle is due Oct 8th – Plus or minus 72 hours)
See Why HiWayFX?
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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.UP TO 10.000$
--> http://tinyurl.com/kwpfdkd
"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
https://plus.google.com/+msameralreifae
https://twitter.com/thelordoftruth
YOU ARE NEVER LEFT ALONE
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
