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A total of 4,000$ every month is given to the winners!
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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 lower Price potential.
Intermediate Term ~ Bearish– Need a close back above 1222 for neutral.
Short Term ~ Bearish-
Initial Resistance 1222-1232 2nd tier 1243-1248
Initial Support 1202-1212 2nd tier 1172-1180
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 lower Price potential.
Intermediate Term ~ Bearish– Need a close back above 1222 for neutral.
Short Term ~ Bearish-
Initial Resistance 1222-1232 2nd tier 1243-1248
Initial Support 1202-1212 2nd tier 1172-1180
Hourly Gold Chart
The market keeps poking at the 1205 area and holding. One of the
big reasons is that the 2013 low is being defended. That occurred at
the very beginning of the year at 1202. We are at the lower channel line
and 1200 seems to be the last defense before 1172-1180 and potentially
1155. The direction into the 8th of the month when the next short term
cycle turn is due is a matter of conjecture. It would certainly be
better to make a low at that point on the blue cycle. Resistance is
1222-1226 and in the 1240 area. Support is 1200-1206. The overall trend
remains down.
The next Japan?
Similarities between the euro region and Japan are intensifying, heaping
pressure on Mario Draghi while offering good news for bond holders.
Sluggish credit growth? Check. Slowing economy? Check. Falling market expectations for inflation? Check. Aging population? Yes, it has that too, placing Europe in a similar situation to what was encountered by the world’s third-largest economy after the bubble burst on its postwar “Economic Miracle.”
That’s a concern for DZ Bank AG, the most bullish forecaster of German bunds in data compiled by Bloomberg. It estimates the 10-year yields will fall to a euro-era record of 0.5 percent by the first quarter, leaving them below the 0.65 percent median estimate for their Japanese peers.
With the official interest rate near zero, bond investors say European Central Bank President Draghi may need to do more to steer the region away from the deflation and debt traps that condemned Japan to two decades of stagnation.
“Renewed ECB activism offers hope that the euro area will not follow the path Japan embarked on in the 1990s,” said Nikolaos Panigirtzoglou, London-based global market strategist at JPMorgan Chase & Co. (JPM) “Low growth leads to low income growth. Combine that with persistently high unemployment and you’ve got a lack of confidence.”
Europe should be on a roll. It’s never been cheaper for euro-area governments or individuals to borrow money and the ECB is seeking to put cash into the economy through cheap loans to banks and a pledge to buy asset-backed securities.
Sluggish credit growth? Check. Slowing economy? Check. Falling market expectations for inflation? Check. Aging population? Yes, it has that too, placing Europe in a similar situation to what was encountered by the world’s third-largest economy after the bubble burst on its postwar “Economic Miracle.”
That’s a concern for DZ Bank AG, the most bullish forecaster of German bunds in data compiled by Bloomberg. It estimates the 10-year yields will fall to a euro-era record of 0.5 percent by the first quarter, leaving them below the 0.65 percent median estimate for their Japanese peers.
With the official interest rate near zero, bond investors say European Central Bank President Draghi may need to do more to steer the region away from the deflation and debt traps that condemned Japan to two decades of stagnation.
“Renewed ECB activism offers hope that the euro area will not follow the path Japan embarked on in the 1990s,” said Nikolaos Panigirtzoglou, London-based global market strategist at JPMorgan Chase & Co. (JPM) “Low growth leads to low income growth. Combine that with persistently high unemployment and you’ve got a lack of confidence.”
Europe should be on a roll. It’s never been cheaper for euro-area governments or individuals to borrow money and the ECB is seeking to put cash into the economy through cheap loans to banks and a pledge to buy asset-backed securities.
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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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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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