News Update on Gold as at 6 00 am EST January 16 (updated) - online trading academy professional forex trader series

News Update on Gold as at 6 00 am EST January 16 (updated) ~ online trading academy professional forex trader series

Recent Volatility has sparked greater interest in the metal and the miners. It is not clear as to whether Gold will maintain the upward move, there are many economic factors affecting price and it will be a while until the volatility subsides


Why 2015 will be the year for gold: Top analyst - CNBC

Thu, 15 Jan 2015 21:42:22 GMT
Why 2015 will be the year for gold: Top analystCNBCIn an interview with CNBC.coms Futures Now, Sterne Agees precious metals and mining analyst Michael Dudas said that gold should continue to benefit from central banks efforts to devalue their curr ...

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PRECIOUS-Gold jumps 3 percent to 4-month high after SNB move - Reuters

Thu, 15 Jan 2015 21:26:25 GMT
CNBCPRECIOUS-Gold jumps 3 percent to 4-month high after SNB moveReuters(Updates prices, adds comment). By Marcy Nicholson and Clara Denina. NEW YORK/LONDON Jan 15 (Reuters) - Gold rose as much as 3 percent to a four-month high on Thursday after Switz ...

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Global Gold Demand Seen Rising 15% by HSBC on Asia-to-ETP Buying - Bloomberg

Thu, 15 Jan 2015 07:07:54 GMT
Metal.com NewsGlobal Gold Demand Seen Rising 15% by HSBC on Asia-to-ETP BuyingBloombergGold last year posted the first back-to-back annual drop since 2000 as assets in bullion-backed ETPs contracted, the dollar advanced and U.S. equities surged. An e ...

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Gold Analysis As At August 28 (updated) - forex trading institute in rawalpindi

Gold Analysis As At August 28 (updated) ~ forex trading institute in rawalpindi

This past week has seen the metal rise a few dollars, perhaps we can analyze gold to a certain extent and see what may be occurring.

I have several charts in this post, each one has its own story to tell.

This first chart shows the Ichimoku Cloud, interesting is that price went up to the resistance of the cloud and then retraced, and then repeated. The cloud has strong resistance to price moving higher.

This next chart , a 240 minute chart shows a Fibonacci pattern, a bearish AB = CD which could mean that price will go south. These patterns are not always accurate, this is merely an indication which would have to be confirmed by price action.

This next daily chart illustrates the current price channel in which price is contained, often price will move from one side to the other of the channel, the channel indicator is designed to contain the price. It seems, from the two prior charts, that the middle line of the channel is where there is significant resistance to an advance at this time.

 This chart is also a 240 minute showing the Camarilla indicator, price action often takes place between these lines which have been set up to measure potential moves, and it is not always accurate, just an indication that has to be verified by price action.

This last chart is a monthly chart, the indicator in the lower chart is the Commodity Channel Index. I wanted to post this chart so as to point out the bullish divergence. The period of divergence on this chart is just over two years long which indicates that it is a powerful signal. Again, divergences do not always result in a price move, they have to be confirmed by price action, In this case I tend to believe that there will be a bullish move as months pass.

Have a great weekend!

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The FX Revolution Starts At Zero - forex trading profitable business

The FX Revolution Starts At Zero ~ forex trading profitable business

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EURUSD Trading Strategy As At August 8 (updated) - open forex trading account malaysia

EURUSD Trading Strategy As At August 8 (updated) ~ open forex trading account malaysia

EURUSD on the weekly chart has a Bullish Butterfly which likely means the currency pair will rise sometime in the future.

Traders have been hoping for an upward move for many weeks.

EUR/USD to Eye 1.0800 Support on Strong NFP Report - DailyFX
Fri, 07 Aug 2015 08:01:23 GMT
Exchange Rates UKEUR/USD to Eye 1.0800 Support on Strong NFP ReportDailyFXAnother 225K expansion in U.S. Non-Farm Payrolls (NFP) may spur greater demand for the greenback and spark a near-term sell-off in EUR/USD should the fresh batch of data height ...

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Non-Farm Payroll Comes Largely In-Line, Sinks EURUSD - DailyFX
Fri, 07 Aug 2015 13:18:11 GMT
Non-Farm Payroll Comes Largely In-Line, Sinks EURUSDDailyFXThe strong jobs report came at the expense of the EURUSD pair, which plummeted, on the back of the data. EURUSD fell from $1.0972 just before the data to $1.0859 a few minutes after. The pair ...

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EUR/USD Weekly Outlook - Action Forex
Sat, 08 Aug 2015 14:18:00 GMT
EUR/USD Weekly OutlookAction ForexEUR/USDs range trading continued last week as it stayed between 1.0807/1128. Initial bias remains neutral this week first. On the downside, break of 1.0807 will extend recent fall from 1.1436. Nonetheless, the corre ...

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Forex technical analysis: EURUSD technical levels through US employment report - ForexLive
Fri, 07 Aug 2015 12:14:25 GMT
ForexLiveForex technical analysis: EURUSD technical levels through US employment reportForexLiveThe US employment report is always a risky event. When you have 300 million people and plus or minus 50-100K can make a big difference, that increases not ...

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Gold Analysis As At August 14 (updated) - forex trading account canada

Gold Analysis As At August 14 (updated) ~ forex trading account canada

 

Is Gold Starting to Move Up or Is This A False Start?

 

It may well be that it is time to re examine your gold trading strategy as there may be some opportunities very soon.

You will see some interesting things in these charts and also in the articles lower on the page. The devaluation of the Yuan and the increased position in Gold by China have excited the metal.

 

This first chart is a monthly chart on Gold showing three drives to the bottom and that will be a bullish pattern.

 

 

Today, price met the pivot and reversed.

 

The resistance is in the 25% retracement area, which leads me to wonder if this reversal is very strong. Perhaps we will know next week if this is a retrace and that we will see a stronger advance.

The Ichimoku chart demonstrates that a great rise in price will encounter a lot of resistance as price meets the Ichimoku cloud. There has been downward pressure on the price of Gold for many months, only for a short time could it attempt to push through the cloud.

Here is the Point and Figure chart for Gold, it is not showing any great signs of an advance.

 

 

Here are some recent articles discussing various aspects of the gold market

 

XAU/USD Corrects Lower To 1114 - Action Forex

http://news.google.com Fri, 14 Aug 2015 08:41:00 GMT

XAU/USD Corrects Lower To 1114Action ForexXAU/USD Corrects Lower To 1,114. A further decline in volatility may reverse some of bullions recent safe-haven inspired gains. - HSBC (based on CNBC). Pairs Outlook. Gold declined on Thursday, as worri ...

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FxWirePro Gold rallies finally - Stay on with XAU-USD diagonal call spreads ... - EconoTimes

http://news.google.com Fri, 14 Aug 2015 10:21:00 GMT

EconoTimesFxWirePro Gold rallies finally - Stay on with XAU-USD diagonal call spreads ...EconoTimesAlthough XAUUSD has finally shown a bounce back after long streaks of bear candles but its reversal is yet be confirmed by other indicators. It has sho ...

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Gold (XAUUSD) Big Picture Triangle Still In Play, Resistance Zone Eyed - CFD Trading

http://news.google.com Fri, 14 Aug 2015 12:06:00 GMT

CFD TradingGold (XAUUSD) Big Picture Triangle Still In Play, Resistance Zone EyedCFD TradingThe rebound in gold continues towards a major zone of resistance between 1130 and 1160. This area constitutes the November low at 1130, March low at 1142, and ...

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Gold is Crashing! No, Wait, its Booming! So Whats Really Going on With Gold? - TIME

http://news.google.com Fri, 14 Aug 2015 14:59:00 GMT

TIMEGold is Crashing! No, Wait, its Booming! So Whats Really Going on With Gold?TIMEGold is a little strange as far as commodities go. You dont run your car on gold. It doesnt heat your home, and you cant eat it. It doesnt generate profits or p ...

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Why Now Is A Great Time To Buy Gold - Forbes

http://news.google.com Fri, 14 Aug 2015 07:29:47 GMT

ForbesWhy Now Is A Great Time To Buy GoldForbesWith golds recent decline to below $1,100 an ounce, I believe today is one of the best times to own gold. My three reasons for buying gold that I discussed in February have remained valid. I now want to ...

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Golds loud message to stock bulls - MarketWatch

http://news.google.com Fri, 14 Aug 2015 18:33:00 GMT

Golds loud message to stock bullsMarketWatchGold is a controversial metal. Some people hate it as an investment because it provides no income, and is a "relic of the past.” Some people love it, arguing it is the safest form of currency in the world ...

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China reveals increase in gold holdings - Financial Times

http://news.google.com Fri, 14 Aug 2015 10:30:46 GMT

Motley FoolChina reveals increase in gold holdingsFinancial TimesChina released data on its gold holdings for the second time in a month on Friday in a sign of greater transparency as it moved to an international standard of reporting its reserves. T ...

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Gold Caps Biggest Rally Since June as Haven Appeal Shines Again - Bloomberg

http://news.google.com Fri, 14 Aug 2015 15:16:34 GMT

ForbesGold Caps Biggest Rally Since June as Haven Appeal Shines AgainBloombergGold capped the biggest weekly gain in two months as the metals haven appeal finally started attracting investors again. Chinas unexpected yuan devaluation this week roil ...

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Point and Figure Charts Update as at November 17 (updated) - forex trade alert season 15

Point and Figure Charts Update as at November 17 (updated) ~ forex trade alert season 15

Point and Figure Charts can give us some idea as to where the markets are headed. This method of charting has been used for many years and has been proven to have excellent results over the longer term.

I find it handy to have a look at various P&F charts from time to time to keep me current as to where the directions of currencies may be headed.

Most of the time on the P&F charts from Stockcharts.com is a target number where the price is expected to travel.

Here are some charts from some of the major currencies as at today.

Here is an excellent video primer on Point and Figure Charting

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Stock Scan Results by the Rambunctious Pig As At 7 15 pm EST November 22 (updated) - free forex trading signal alerts

Stock Scan Results by the Rambunctious Pig As At 7 15 pm EST November 22 (updated) ~ free forex trading signal alerts

The contents of this post may temper your trading strategy for the next couple days. I have created an index of 992 stocks that trade between $10 and $25 at the close Friday so that I can measure certain aspects of that index and also to compare individual instruments against it as well.

The first scan that I can describe was to measure the momentum of the index and also the momentum of the 992 instruments as decreasing or increasing as of Friday close.


First, here is the chart of the index that I created.

The lower chart shows the homemade momentum indicator and, as you can see, the momentum is almost neutral for the group.

Next I did a scan to determine how many are decreasing and how many are increasing in momentum.

• Decreasing in momentum are 508 instruments
• Increasing in momentum are  484 instruments

The count is just about even and not really anything to base any decisions on based on Fridays data.

Here is another look at the same chart with a Slow Stochastic.

As you can see, the Slow Stochastic is approaching the overbought area which may indicate a move is coming.

Certainly we can not use this chart as any measure except perhaps to consider when making the trading plan for the next week.

I wanted to share that research today and as time passes I will be improving the scans on that group of stocks and sharing those with you.

I wish you the best with your trading strategy for the coming week.

Good Trading..!

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Gold Price Technical Analysis As At January 24 (updated) - forex trading courses uk

Gold Price Technical Analysis As At January 24 (updated) ~ forex trading courses uk

3 Looks at Gold Technical Analysis: Ichimoku, Fibonacci Patterns, Support and Resistance

Ichimoku Kinko Hyo


This is a Daily Chart of Gold and you can see that Gold Price is trapped within the Ichimoku Cloud.



Please note that the light blue lines represent support and resistance. Gold is surrounded by support and resistance, it is going to be a battle to break theorugh all these levels to rise or fall. Until price is clear of the Ichimoku Cloud, it will be hard to make entries on this chart.


This is a 4 hour chart of Gold, the price has risen above the Kumo (Ichimoku Cloud) and you can see that it has met resistance. Looking back 26 bars at the Chikou Spsn, we see that the Chikous Span is still within the cloud, resistance. Gefinitely Gold is not ready for an entry, based on Ichimoku Kinko Hyo Charts


Fibonacci Patterns


On the Monthly Gold Chart we have a stron looking Bullish White Swan Dating Back to early 2001, which indicates this to be a strong bullish pattern. We can assume that the main direction in future will be bullish based on this pattern



On the weekly chart is a Bullish AB=CD Fibonacci Pattern which has actually proven to be accurate as price has risen, albeit slowly, since the pattern appeared in November 2015.



Late in November 2016 appeared a Bullish AB=CD Fibonacci Pattern on the Daily Chart and there has been an advance since the pattern appeared.  Trend since that pattern appeared has been bullish although a lot of resistance.




Support and Resistance



There are a few ways to determine support and resistance levels, this one uses Harmonics. It shows the levels in a little bit different manner than the Ichimoku Chikou span, perhaps it is good to look at both charts to get a good interepretation of where these levels may be.

Summary

Gold is still deciding which way to go and at present is stuck within a range. no trend apparent.

News

I have gathered a couple articles which you may find of interest.

Gold Is Back in Fashion After a $15 Trillion Global Selloff - Bloomberg
Sun, 24 Jan 2016 21:16:45 GMT
“People have become complacent about risks, whether its macroeconomic and geopolitical,” said George Milling-Stanley, the Boston-based head of gold investments at State Street Global Advisors, which oversees $2.4 trillion. “Whats out of fashion may ...


Flexible norms to make gold scheme glitter - The Hindu
Sun, 24 Jan 2016 19:08:01 GMT
The government has made a slew of changes in its gold monetisation scheme to make it more flexible and attractive. Since the scheme was introduced two months ago the government has collected over 900 kilos of gold. The new norms issued by the?...


Are Gold Bugs Coherent? - ValueWalk
 Sun, 24 Jan 2016 20:50:00 GMT
We use wavelet models to surface the relationship between gold miners stock prices and the price of gold. We find that there is little relationship in the short run but some significant and long standing long run relationships. Gold prices appear to ...


Gold In A Non-Zero Interest Rate World - Seeking Alpha
Sun, 24 Jan 2016 12:02:10 GMT
Disclosure: I/we have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. (More...)I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no ...


Currency reset is more likely than China to goose the gold price - Gold Seek
Sun, 24 Jan 2016 17:42:00 GMT

"I know theres little chance GATA would ever say uncle, but Im sure that no followers of GATA would mind if you said simply, Wake us up when the Chinese take control of the price of gold. For that seems to be the only counter to all the price ...

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My Gold Trading Strategy as at November 17 (updated) - forex trade alerts season 13

My Gold Trading Strategy as at November 17 (updated) ~ forex trade alerts season 13

Today was a quiet one for the Gold trading strategy. As you will see on this 60 minute chart, Gold was lingering around the daily pivot for the duration.

Because there was little activity and little in the way of news, most traders have avoided Gold for today.

That gives us a chance to think about the longer term for Gold. Below is a Point and Figure chart and the long term price objective, as you will see is $1,050.00 indicating that a further easing of the price may be in order.

This next chart is Monthly and on it you can see three arrows pointing to long candle wicks and they are all at around the current price of $1,186, indicating that this price is one where we can expect an area of congestion.

A couple articles studying the current position of Gold at this time.



Gold Lending Rate Most Negative Since 2001 on Longer Refining - Businessweek

Mon, 17 Nov 2014 17:04:45 GMT
There are other signs of rising consumer demand for gold. The U.S. Mint sold 46,000 ounces of American Eagle gold coins this month, compared with Octobers total of 67,500 ounce ...

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Top Five Reasons to Invest in Gold and Silver - KIRO Seattle

 Mon, 17 Nov 2014 21:35:46 GMT
Gold Eagle sales were also high, with a total of 121,500 sold in October, compared to last years October sales of only 89,000. Strong demand usually drives higher prices. 3. Investors and hedg ...

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GLD Came At Start Of Gold Bull Run; Demand For Gold ETFs Topped Expectations - Forbes

Mon, 17 Nov 2014 15:25:01 GMT
Even after heavy liquidations during the past two years as the price of gold fell, SPDR Gold Shares (GLD) holds more metal than most of the worlds central banks ...

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GLD: ETF Outflow Alert - Nasdaq

Mon, 17 Nov 2014 17:22:40 GMT
Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel , one standout is the SPDR Gold Shares (Symbol: GLD) where we have detected an approximate $449.4 million dollar ...

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Good Trading.!

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Fibonacci Patterns as at January 19 (updated) - forex trading classes in nyc

Fibonacci Patterns as at January 19 (updated) ~ forex trading classes in nyc

This video shows some current Fibonacci Patterns in place as January 19, 2016.

These patterns are definitely not foolproof, however they do give an indication as to what may be occurring in the near future.

Any entry would have to be confirmed by price action or by other indicators.

Here is another video showing patterns on daily charts.

There looks to be some excellent opportunities for good trades about to appear.

Again..... trade entries have to be confirmed by price action.

Be sure to use a reasonable stop loss and perhaps a trailing stop on all entries in such a volatile market.

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AUDUSD Trading Strategy As At August 8 (updated) - forex trading mini account

AUDUSD Trading Strategy As At August 8 (updated) ~ forex trading mini account

AUDUSD has been moving higher for a few days after forming the bullish Fibonacci pattern. Traders are still somewhat bearish on this pair.

AUD/USD Weekly Outlook - Action Forex
Sat, 08 Aug 2015 09:12:47 GMT
AUD/USD Weekly OutlookAction ForexAUD/USD formed a temporary bottom at 0.7233 and recovered. Subsequent recover was weak so far and limited below 0.7448 resistance. Thus, the near term bearish outlook is unchanged. Initial bias is neutral this week f ...

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AUD/USD Weekly Fundamental Analysis, August 10 – August 14, 2015 Forecast - FX Empire
Sat, 08 Aug 2015 10:19:00 GMT
Exchange Rates UKAUD/USD Weekly Fundamental Analysis, August 10 – August 14, 2015 ForecastFX EmpireDespite the bearish outlook, the AUD/USD rebounded quickly on Tuesday, August 4 after short-sellers were caught off guard when the Reserve Bank of Aust ...

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Time To Throw-In The Towel On AUD/USD Shorts? - Credit Suisse, Citi , SocGen - eFXnews
Fri, 07 Aug 2015 19:35:00 GMT
Time To Throw-In The Towel On AUD/USD Shorts? - Credit Suisse, Citi , SocGeneFXnewsWhile this caused a broad squaring of AUD shorts, we are not ready to throw in the towel on our bearish AUDUSD forecast profile. The bottom line is we see AUDs jump a ...

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AUD/USD Moves Up - Benzinga
Fri, 07 Aug 2015 18:36:12 GMT
AUD/USD Moves UpBenzingaAUD/USD is trading at 0.7410, up 0.0067. The pair is trading just under the highs of the session during late U.S. forex trading. Market talk about U.S. Unemployment data has kept both buyers and sellers active. The NAB Busines ...

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CCI Trading Strategy as At August 13 (updated) - forex trading account singapore

CCI Trading Strategy as At August 13 (updated) ~ forex trading account singapore

Using CCI For Some Simple Entries On Today’s Charts.

CCI Divergence
Here is a one hour chart of EURUSD showing some Bullish Divergence

and the Daily USDCAD showing Bearish Divergence

Now we can apply the CCI 200 Trend Line break:

You can see that the entries are quite clear cut and also accurate.

I will look for a couple examples of CCI Slingshot entries from today’s charts.

Here is CADJPY daily. You can see the slingshot here, the CCI 14 has risen to the zero line while the CCI 6 has climbed to the 100 level.

On the GBPCAD Daily chart is a great example of the CCI Slingshot. If you check the price bars you will see that this is a great continuation entry that yielded quite a few pips.

CCI is a great scalping tool, you can use it on the fast time frames as well as the slower time frames. It takes a few hours of screen time to get your eyes used to picking out the entries.

CCI Divergence is quite useful and often very easy to see on a chart, particularly if you are used to drawing trend lines.

There is a few examples from the charts this morning, I know there are many more available for some profitable trade entries.
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