Tuesday, October 21, 2014

Gold Trend Oct 22, 2014


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– Gold needs to close above 1294 on a weekly and monthly basis for bullish outlook.
Intermediate Term ~ Neutral/Bullish-Still need close above 1243. Next resistance 1265-1272.
Short Term ~ Bullish- SNext resistance 1256 / 1260 was achieved on Tuesday with a print high of 1256. Odds favor short term peaks this week with pullback into 1st week of November.

Initial Resistance 1247-1257 2nd tier 1265-1272
Initial Support 1231-1241 2nd tier 1222-1231

The last update listed 1247-1257 as resistance and the high was 1256. 
Support was 1228-1238 and the low was 1245.

Instead of the usual morning smack down, precious metals spiked higher. Gold hit $1255 - its highest in over 5 weeks). Oil also spiked higher and WTI broke above $83.

Gold Overview

Key to this weeks outcome will most likely be the Consumer Price Report due Wednesday morning in USA. It’s here we either peak or decide if we’re heading to 1272. What doesn’t make sense these last two weeks is why is gold stocks still below their moving averages on the chart and just a few points from another yearly low? It certainly be because of their market position where there is no outlook for profits. That we will admit. But it also warns us that the gold move since October 8th (the last short term cycle low and medium term low) is now completing as we arrive just one day before the ideal high day of Oct 23rd on the short term cycles.
The price report will either give gold a final burst higher or we are seeing the highs here. We tried to narrow down the high in our reports for this short term cycle to Oct 23rd – 25th and that is still the odds. If we peaked today just 24 before that projection, its was still a good projection. But I can’t rule out a final push higher into the 25th. A close above 1252-1253 would continue to favor higher gold into that date.

Hourly Gold Chart

We discussed last night that Gold was supporting 1245 and could give us the final push for this week towards 1256-1272. We reached 1256 today reaching the minimum target. We can still pullback towards 1240 and even at 1230 there is another support line. If we get that Wednesday, it is not out of the question to retry a higher price. With that red line being hit twice this week it is very possible that gold is in its peaking process for this first wave up since the low. If the next pullback plays out on cycles, then 1210 or 1230 will become a target to watch to get on board for a short term trade.
gold hourly price chart with support and resistance lines
What Next?  
Previously we said a close above 1243/45 would give the 1252-1262 area or 1272-1284 the most likely area we get into resistance and a high this week. We got the close on Monday and today we reached 1256. The consumer price index on Wednesday is likely the key event this week and we’ve written earlier what to look for. We've got support (weekly at 1222-1232 and perhaps support at 1240-1242 on Wednesday.
Odds are highest for a peak this coming week between Oct 23rd and the 25th of the month and a pullback into the 1st week of November.
 
We are pleased to bring to your attention
This Offer will be valid only for our clients who sign up using the following invitation link
 --> http://tinyurl.com/kwpfdkd

1_$50 No Deposit Bonus.
Will Be Available Exclusively on request
No deposit needed to withdraw
The major prerequisites are as follows:
Min 10 lots traded, this bonus is valid for 2 months.
2_ Exclusively 1:1000 leverage on request
3_You may have running 30% tradable bonus OR 100% non-tradable bonus for Standard accounts 
and We can offer 100% non tradable bonus for ECN accounts.
This 30% and 100% will be available at any time even though there is no information regarding this on the site.
4_ Loyalty points: the clients will have Credit. 1 lot = 100 points and the calculation
will be 100points/10 = $10 credited to the client’s account as a bonus to trade with.
5_ No fee on deposits. It will be added to your clients accounts upon request in form of tradable bonus.

To Request the no deposit bonus
Send e-mail to an email to support@hiwayfx.com
We will send an email to you with the bonus Terms and Conditions.
You will respond to this email AGREED.
Bonus will appear on the same working day



http://4xplanet.com

Join The World Rally Forex
Open a DEMO Account --> http://tinyurl.com/kwpfdkd
Trade For Free & Win Real Money
A total of 4,000$ every month is given to the winners!
Registrations for the World Rally Forex are now opened for the contest of Nov
Register now and reserve your position to win real money on your Standard NDD Account now.
No deposit needed
http://tinyurl.com/kwpfdkd

Our monthly Forex competition will enable you to sharpen your trading skills and win real money with no risks involved.
The competition is reset at the end of each calendar month.

See Why HiWayFX?
  http://www.hiwayfx.com//register?referralLinkId=31
JOIN US & GET YOUR THRILLING 30% BONUS REWARDS
UP TO 4.000$
--> 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.

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.
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. 
 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