$50 No Deposit Bonus
Both the profits and the no deposit bonus can be withdrawn.
Both the profits and the no deposit bonus can be withdrawn.
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 ~ Bearish– Gold needs to close above 1294 on a weekly and monthly basis for bullish outlook.
Intermediate Term ~ bearish-A low is due to develop this week and a reflex rally into latter November is the odds favored trend once the low is in.
Short Term ~ Bearish-The pullback into 1st week of November has taken place and odds favor a low Nov 7th (plus or minus 72 hours)
Initial Resistance 1153-1163 2nd tier 1172-1175
Initial Support 1135-1141 2nd tier 1111-1121
What Next?
We discussed any 2 hour close below 1155 would favor a plunge and a fast one and that’s what we got.
The 1140-1144 area is trying to provide support, but we may be heading for 1100-1110.
The short term cycle is due to bottom Nov 7th (plus or minus 72 hours)
and that is the hope right now that a reflex bounce into Nov 20th is about to take place.
This is what we can expect the majority of the time.
One of the exceptions is when a market goes into plunge mode,
and that is what is going on with gold at the moment.
That makes the chances of another plunge into the end of week a lot more possible.
which will run smoothly and automatically and be valid only
for our clients who sign up using this invitation link
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M Samer Al Reifae
Master Introducing Broker in Romania at HiWayFX
samer@hiwayfx.com
+40 734 277 757
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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.
King Regards
