Tuesday, January 20, 2015

Gold Trend Jan 21, 2015

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 1272 on a weekly and monthly basis
 to neutralize the downtrend. Gold price has arrived at the medium term moving averages (1245-1262)
Intermediate Term ~ Bullish– Resistance is 1294 and 1322.
Short Term ~ Bullish- Odds favor higher into Jan 19th (plus or minus 72 hours)

Initial Resistance 1296-1306 2nd tier 1314-1324
Initial Support 1272-1282 2nd tier 1238-1242

The last update listed 1284-1294 as resistance and the high was 1297. 
Support was listed 1247-1255 and the low was 1272.

Short Term Gold
The breakout above the 2014 downtrend line now points to a move to upper resistance near 1322 on any close above 1295. We could well see that area before we even get the close above 1295. All eyes are on the ECB now and the US Fomc meeting will be Next week along with Options expiration. Support is now 1265-1272 and then 1255. Monthly support is 1222 and any pullback to that region should be strong support in Jan/February. Resistance is 1296-1304 and 1322-1326.
The key now is holding a Friday close above 1217-1222. As long as that is in play the trend remains up on an intermediate term. On the short term, a close below 1268 would neutralize the uptrend but it takes a close below 1247 to go short term bearish.

What Next?
Any close above 1295 favors we head to 1322.
If cycles play out, we should be peaking in the next 48 hours. 
The ECB meeting has all eyes on for Thursday. 
It is possible that gold can continue higher towards 1322.
The scenario’s are boundless as they can be construed either way.
With the US State of the Union on Tuesday, and the ECB on Thursday,
 and the FOMC meeting next week, as well as options expiration, 
things are growing in emotional frenzy.
The move to gold is the first panic we started seeing in early November, 
but it was weak until about 2 weeks ago. The move from 1230 to 1280 
on the Swiss/Euro peg removal caught us by surprise 
and have put a lot of uncertainty in all markets.

HiWayFX is a recent entry in the Forex arena and offers trading services

 in over 80 instruments including currencies, indices, metals and oil.
licensed by the Cyprus Securities and Exchange 
Commission (CySEC) under license number 252/14

General Information
Broker Type: ECN
Account currencies: USD and EURO
Languages: English, Spanish, Indonesian, Russian
Account Currencies: DKK, NOK, PLN, TRY, HUF, ZAR, MXN, CZK, SEK, SGD, HKD, CNY, RUB
Minimum Deposit: $20
Maximum Leverage: 1:1000
Minimum Trade Size: 0.01
Scalping: Yes
Hedging: Yes
Free Demo Account: Yes
Traders From USA: No
Islamic Account: Yes

Trade in The Fast Lane

I_ Exclusively 1:1000 leverage.
For this option:
1_You have to select Standard NDD Account When you want to Open trading account.
2_Select the above leverage.

II_You may have running 30% tradable bonus OR 100%
non-tradable bonus for Standard accounts upon request.

30% tradable bonus 
--> http://goo.gl/inbsKk

 100% bonus
--> http://goo.gl/HQ9vdf

We may offer 50% deposit bonus 
(Stand acc, terms the same apart from leverate up to 1:300 and stop out 100%, max $4000)

III_Loyalty points.
Needs better incentives: As a part of the HiWayFX will to support its clients,
the Company will credit loyalty points to the clients trading accounts.
These points could be used for trading. No additional conditions apply. 1lot=100 points.
--> https://www.hiwayfx.com/loyalty-points-terms-conditions

IV_World Rally Forex.
Open a LIVE/DEMO Account & Win Cash Prizes
--> https://my.hiwayfx.com/contests
A total of 4,000$ every month is given to the winners!

Trading Platforms and Accounts
HiWayFX offers four different trading platforms: MetaTrader 4 Windows which is described 
as a ‘light’ platform application which can be installed on any computer that runs Windows XP (SP2) or newer. 
The MetaTrader 4 for Mac uses applications 
such as "Wine" and "PlayOnMac" and the MetaTrader 4 versions for Android and IOS 
are easily installed. 
Download instructions for all four versions are provided on the site.
There are also four different trading accounts available on HiWayFX. 
The HiWayFX Standard NDD requires a minimum deposit 
of only $20 to start and there is leverage available of 1:1 up to 1:1000.
This is a Non Dealing Desk (NDD) account with virtually no delays in execution. 
The ECN NDD account is for more advanced traders and requires 
a minimum deposit of $150 and leverage up to 1:500.
There are two demo accounts, the standard demo account with $100,000
 in virtual funds and the ECN NDD Demo account. Both have live market execution.

Trading and Investment Tools
Trading Platforms
MetaTrader 4 iOS By Meta Quotes
  MetaTrader 4 By Meta Quotes
  MetaTrader 4 Android By Meta Quotes
  MetaTrader 4 MAC By Meta Quotes
Stop Order: Yes
Limit Order: Yes
Market Order: Yes
Trailing Stop Order: Yes
OCO Orders: Yes
One Click Trading: Yes
24hr Trading: Yes
Charting Package: No
Trade off Charts: Yes
Streaming News Feed: Yes
Email Alerts: Yes
Mobile Alerts: Yes

Fees & Commissions

Forex: 0.002% pet transaction only for ECN account type
CFDs: 3$ pet lot (for stock Indices)
Margin Interest: Yes
Depositing Fees:
Deposits from credit cards are covered by HiwayFX

Service Details

Customer Service By: Newsletter, Call Back, Phone, Chat, Email
Customer Service Hours: Up to 24 Hours
Email Response Time: Immediate
Telephone Orders: Yes
Personal Account Manager: Yes

M Samer Al Reifae
Official Representative in Romania at HiWayFX
+40 734 277 757

 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