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 ...

Read more ...


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 ...

Read more ...


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 ...

Read more ...

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

Read More

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!

More info for Gold Analysis As At August 28 (updated) ~ forex trading institute in rawalpindi:

Read More

GOLD TRADING SYSTEM 90 WIN - forex trading tax advice

GOLD TRADING SYSTEM 90 WIN ~ forex trading tax advice

I have become disillusioned by automatic trading systems and sought to find a viable manual trading system or at least piece one together, test it, and become proficient in it enough to make steady money with it - this is what I have done with this system.

It is used on a 1hr spot gold chart and takes time into consideration for opening a successful order to take advantage of cyclical price acceleration at the given time. In the this case, during my observation and manual testing (with real money) for the past 6 months, this time is 30 minutes before the new york open at 9am EST (1400 GMT). At that time price has sufficient buying or selling power behind it to make great profit quickly and with minimal risk, given the conditions below are followed. This has worked unbelievably well for me and I would like to share it with all of you because this community has helped me throughout these years of my forex journey.

I will try to post trades I take with some frequency and answer any questions. Enjoy.


From Today: By the way Spot Gold does not calculate in pips and the volitility is much greater than that of the usual forex pair. So if you took this trade today like I did at 1 mini-lot (.1 - one dollar) and got out at the blue pivot line you would have made an easy $109 with very low risk 



Conditions for opening Trade:

For Buy

1. price above buy zone fib, blue rsi chart bar 

2. Williams percent range indicator gold line entering or inside blue area 
above -25.00

3. RSIOMA clearly crossed up

For Sell

1. Price below sell zone fib, red rsi chart bar

2. Williams Percent Range Indicator gold line entering or inside red area 
below -75.00

3. RSIOMA clerly crossed down


Exceptions for opening a Trade when above conditions are met:

1. When a bar within the last 4 hours before 9am EST (1400 GMT) is extended 1000 points or more in the same direction the conditions indicate. In this case it is my experience that there is a great pobablility that even with all the trade conditions met, by 9am EST (1400 GMT) the selling or buying would have been temporarily exhuasted because of this extended candle and this trading method is dependent upon this time.


Conditions for closing Trade:

Safest

1. When price hits next pivot point line in direction of trade.

Moderately Safe

1. When the RSIOMA blue line touches the purple line again attempting to cross in the opposite direction of trade or a red or blue dot shows on the RSIOMA indicator in the opposite direction of the trade - whichever comes first.

Attached Files

•   GOLD SYSTEM.zip

More info for GOLD TRADING SYSTEM 90 WIN ~ forex trading tax advice:

Read More

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 ...

Read more ...

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 ...

Read more ...

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 ...

Read more ...

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 ...

Read more ...

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 ...

Read more ...

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 ...

Read more ...

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 ...

Read more ...

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 ...

Read more ...
More info for Gold Analysis As At August 14 (updated) ~ forex trading account canada:

Read More

Executive Order For Your Gold - forex trading practice account online

Executive Order For Your Gold ~ forex trading practice account online

This article was extracted from Gold Eagle.

When America was five-years deep into The Depression of 1933, the stage was set for an act of unprecedented proportions. History shows a wicked warlock at work.
On March 6, 1933, Executive Order (EO) 6073 was passed by Franklin Delano Roosevelt (FDR), the 32nd President of the United States in an attempt to solve the dire banking crisis. Executive orders have been around since 1789, allowing Presidents to issue legally binding orders unilaterally, without the consent of Congress. During his Presidential tenure, from 1933 to 1945, Roosevelt would issue 3,728 Executive Orders.
This was his third and it was a doozy. I could just imagine how angry and frustrated individuals would have been. I doubt this will happen again but history does have a way of repeating...






Just two days after Roosevelt was inaugurated as President, he proclaimed a "banking holiday". From and including Monday, March 6, 1933 to Thursday, March 9, 1933 no bank "would pay out, export, earmark, or permit the withdrawal or transfer in any manner or by any device whatsoever of any gold or silver coin or bullion or take any other action which might facilitate the hoarding thereof..." Sold to the American people as an attempt to control speculation and regulate interest rates, he closed Americas banks, thwarting customers from withdrawing their paper money holdings or converting their holdings to gold.
With a swish of his magic wand, Roosevelt mastered "complete control over Americas banking system", expanding his Presidential powers exponentially in the process.
In his first "Fireside Speech" (which burned the backside of many Americans) on March 12, 1933 Roosevelt declared "Let me make it clear to you that the banks will take care of all needs, except, of course, the hysterical demands of hoarders, and it is my belief that hoarding during the past week has become an exceedingly unfashionable pastime in every part of our nation. It needs no prophet to tell you that when the people find that they can get their money -- that they can get it when they want it for all legitimate purposes -- the phantom of fear will soon be laid. People will again be glad to have their money where it will be safely taken care of and where they can use it conveniently at any time. I can assure you, my friends, that it is safer to keep your money in a reopened bank than it is to keep it under the mattress."
On June 16, 1933, EO 6073 passed into legislation as the "Emergency Banking Act (EBA)". After only 40 minutes debate in the House of Representatives, with an unknown author and no printed copies available for members of the House, the Bill was passed swiftly and without due process. The wand was waved again.
At the time, Congressman Lundeen, appalled at the reckless lack of due process involved in the passing of this Bill said "I want to put myself on record against procedure of this kind and against the use of such methods in passing legislation affecting millions of lives and billions of dollars. It seems to me that under this bill thousands of small banks will be crushed and wiped out of existence, and that money and credit control will be still further concentrated in the hands of those who now hold the power.... I am suspicious of this railroading of bills through our House of Representatives, and I refuse to vote for a measure unseen and unknown."
Meanwhile, Executive Order 6073 paved the way for Executive Order 6102 on April 5, 1933.
This Executive Order (EO) made it a criminal act to possess gold coins, gold bullion and gold certificates within the continental United States and ordered that the hoarded gold be delivered to the Government on or before May 1, 1933. The official price of gold was raised from $20.67 to $35/ounce.
Although it is unknown just how much gold was confiscated by means of Executive Order 6102, numbers suggest that by January 1934, there were 195.1 million ounces and 227.9 million ounces by August 1934.
The Government had to have some place to hoard the confiscated gold. So, Executive Order 6102 paved the way to Fort Knox. The U.S. Treasury Department began construction of the United States Bullion Depository (USBD) in 1936. Completed in December of that year, at a cost of US$560,000, the Gold Vault sits in a 109,000-acre Army enclave in Fort Knox, Kentucky.

The U.S. Mint states that 147.3 million ounces of gold are now tucked into Fort Knox. Guarded by Apache helicopter gunships and tucked into a bunker with a bomb-proof roof and thick granite walls, youd think that 147.3 million ounces of gold would be safe in the vault. While Treasury officials insist that the "gold is all there", why the resistance to a public audit? 
Congress begs off, saying it will cost US$60 million to test the gold. Other figures bandied about suggest US$15 million. Other so-called experts contest both figures, stating that an independent audit and assay could be conducted for as little as US$15,000.
More nefarious are that the numbers dont add up...and never have. In his article The Great American Disaster: How Much Gold Remains In Fort Knox?, dated August 27, 2010, Chris Weber states that, at their peak in 1949, the Fort Knox reserves reputedly numbered 701 million ounces - 69.9% of all the gold on the planet. The latest figures reported by the U.S. Mint state that 147.3 million ounces of gold are now tucked into Fort Knox. Treasury subsequently downgraded this figure from 264 million ounces of gold, a decline of 79%! Lucy, you got some splainin to do.
Clearly, the road to - and from - Fort Knox is paved in gold and not-so-gold intentions. Tales of pillaging, profiteering and skullduggery abound at the crossroads of Bullion Boulevard and Gold Vault Road. Masked interlopers didnt rob the USDB. Reputed to be the second most secure place in the world (as reported in The Blogingtons post of September 21, 2010), the video cams, armed guards, attack helicopters, armored personnel carriers, and 30,000 soldiers guarding Fort Knox guaranteed that.
For over 50 years, while domestically it was a crime to hold gold, there is little doubt that well-heeled Americans - and Americas enemies, operating offshore, were able to procure gold at the bargain basement price of $35/ounce.
Not surprising that Fort Knoxs 22-ton door is locked to an audit. For almost 40 years, no visitors have been allowed in the grounds of the Gold Depository. Considered one of the eight most secure places in the world, were not getting in for a sneak peek anytime soon. In the last recorded "audit", in the early 50s, a group of Congressmen and Senators were taken on a quick tour of Fort Knox and allowed to peek into a few vaults. They reported seeing "orange-hued gold bars". Lucy, you got more splainin to do.
In his article "The Great American Disaster: How Much Gold Remains In Fort Knox?", Chris Weber outlines details about the one "audit" of Fort Knox, as follows:
"The only audit that has ever been done of the gold inside Ft Knox was done days after Dwight Eisenhower became President in January of 1953. After 20 years of Democratic presidents, the American public wanted to be sure that the gold confiscated from them was still there. Thus, the new President ordered an audit within hours after taking office.
The central problem was that it wasnt much of an audit. To sum it up:

1. Representatives of the audited group were allowed to make the rules governing the audit. No outside private experts were allowed.
2. Those government bureaucrats involved were inexperienced in their tasks, by their own admission.
3. The entire audit of the largest gold hoard ever concentrated in history lasted only seven days.
4. Only a fraction of the gold was actually tested. Later, the officials put this fraction at just 5%.
5. Based on that fraction, the official committee reported that, in their opinion, all the holdings would have matched their records if theyd all been tested.
6. If the audit was accurate, the fact remains that almost 80% of it went overseas in the coming years. If the audit was not accurate, the amount of gold lost could have been even more."

On September 23, 1974, Mary Brooks, the Director of the United States Mint, led a tour of members of Congress and the news media through the USBD. There was no audit or inventory
of the gold and no other public "inspection" has been allowed since then.
Why wont the Mint comment about how much gold is there? Perhaps the acid test is not so much as what has happened to the gold in Fort Knox; but rather is there gold in Fort Knox? And if so, how much.....or how little?
In a feat worthy of The Great Houdini himself, the Fort Knox gold may be the Worlds Greatest Vanishing Act ever.
In Conclusion:
There are other ways to take advantage of golds next bull market that can add leverage and protection against a gold confiscation. One of the best ways is through the ownership of gold producing companies. The key here is in buying the right companies as the right time within the market cycle.
******** 

Courtesy of www.TheGoldAndOilGuy.com
More info for Executive Order For Your Gold ~ forex trading practice account online:

Read More

EUR USD stabilizing around 1 3850 - forex trading tips videos

EUR USD stabilizing around 1 3850 ~ forex trading tips videos

The intraday decline of the EUR/USD seems to have halted around the 1.3855/50 region at the end of the US session on Thursday.

EUR/USD hurt by Draghi

A more than expected dovish tone in today’s press conference by President Draghi dragged spot from fresh ytd highs near the psychological barrier at 1.4000 to current weekly lows in the mid-1.3800s. The EUR reacted adversely after Draghi favoured some form of monetary easing in the central bank’s next meeting (June). “In the context of his repeated mentioning of the exchange rate, we now believe the ECB will cut its refi rate by 15bp June, to be accompanied by a 15-45bp cut in the marginal lending rate and by several other measures to strengthen the effectiveness of this rate cut”, commented Elwin de Groot, Senior Eurozone Strategist at Rabobank.

EUR/USD levels to watch

At the moment the pair is down 0.37% at 1.3857 and a breakdown of 1.3847 (21-d MA) would open the door to 1.3812 (low May 2) and then 1.3796 (daily cloud top). On the upside, the initial hurdle aligns at 1.3995 (2014 high May 8) ahead of 1.4000 (psychological level) and then 1.4100 (psychological level).

More info for EUR USD stabilizing around 1 3850 ~ forex trading tips videos:

Read More

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 ...

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

Read More

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 ...

Read more ...



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 ...

Read more ...



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 ...

Read more ...



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 ...

Read more ...


Good Trading.!

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

Read More

My Gold Trading Strategy as November 23 (updated) - best forex trading alerts

My Gold Trading Strategy as November 23 (updated) ~ best forex trading alerts

The new week is about to test our trading strategies. Governments will be making their moves, traders will be in and out of the market and who knows what is coming for Gold.

There are a lot of opinions, Gold is going to $5,000 and Gold is dropping to $800, I will post some opinions further down in this post.

First I will post a couple charts, Ichimoku Kinko Hiyo charts, reason being is, they have something to tell us about support and resistance.

Here is the daily chart of XAUUSD

It is easy to see that the is going to be resistance at the Ichimoku Cloud. It appears that the Cloud becomes narrower as days pass, maybe resistance to a price rise will lessen.

The weekly chart is next.

Once again we see the Ichimoku Cloud creating resistance although the Cloud is much thinner than on the daily chart.


Finally, the Monthly chart.

It took a couple months for price to break down through the Cloud and then finally support was broken. The November bar has a long wick, showing that the bulls are making progress....


As mentioned earlier in the post, I found some recent articles and opinions about Gold as follows:



Russias Central Bank Buying Gold Isnt Quite What You Think It Is - Forbes

Sat, 22 Nov 2014 11:42:03 GMT
The Russian central bank has been buying more gold this year. This could be taken as some form of support for the price of gold, could be taken as simply the bank deciding that t ...

Read more ...



Swiss Central Bank Chief Warns on Impact of Gold Vote - Wall Street Journal
Sun, 23 Nov 2014 13:31:49 GMT

ZURICH—The head of the Swiss National Bank reiterated concerns that a popular vote on requiring the central bank to keep a fifth of its assets in gold would hi ...

Read more ...



Gold No Longer Slumbers - Barrons
 Sat, 22 Nov 2014 03:15:13 GMT

But after pummeling gold steadily lower from its peak around $1,900 an ounce in September 2011, he is showing signs that he could be done dumping on the metal, which hit a low of $1,131.85 an ounce this month. Gold-mini ...

Read more ...



Many are seeing the moves by China as bullish for the price of Gold.

Chinese rate cut pushes gold, silver to highs - Resource Investor
Sun, 23 Nov 2014 11:44:43 GMT

The rate reduction was the first since July 2012 as the Asian nation heads toward its slowest full-year expansion in almost a quarter century. Russia added to gold reserve ...

Read more ...



This infographic is really well done!

InfoGraphic on the Swiss Gold Referendum to take place on November 30th - CoinWeek

Sun, 23 Nov 2014 14:37:40 GMT

On November 30, Swiss nationals head to the polls on three separate issues: abolishing a flat tax on resident, non-working foreigners, an immigration cap, and a proposal o ...

Read more ...



Gold / Silver / Copper futures - weekly outlook: November 24 - 28 - Investing.com
Sun, 23 Nov 2014 13:38:11 GMT

Despite Fridays upbeat performance, gold prices are likely to remain vulnerable in the near-term amid indications a strengthening U.S. economic recovery will force the Fed ...


Read more ...


Good Trading in the week ahead...!










More info for My Gold Trading Strategy as November 23 (updated) ~ best forex trading alerts:

Read More

Gold Analysis as At January 30 (updated) - forex trading account us

Gold Analysis as At January 30 (updated) ~ forex trading account us

This has been an interesting week for any Gold trading strategy as the metal has been unable to reach higher ground and instead has drifted lower.

Gold may be moving inverse the the US Dollar which has been galloping higher recently.

As I have mentioned in previous posts, there is considerable resistance to a move higher for gold as illustrated on these charts,

This first chart shows a bearish Fibonacci Pattern on a weekly chart and it appears that the pattern is valid and may indicate a further decline in price

Next we have a couple Ichimoku Kinko Hiyo charts and as you can see, on both charts, price is having difficulty penetrating the resistance of the cloud.

This next chart demonstrates the resistance on the Harmonics chart.

Those charts should well illustrate the resistance that Gold is facing on a technical basis.

Fundamentally there is a lot of developments in politics and economic matters that have yet to establish a clear path for Gold.

There are some Elliot Wave chartists that are quite confident of a great upward move for Gold, alas, the timing of that move has not yet appeared.
More info for Gold Analysis as At January 30 (updated) ~ forex trading account us:

Read More

Gold fall again - forex trading and tax uk

Gold fall again ~ forex trading and tax uk

Spot gold lost ground on Thursday for the third day in a row and finished hovering around $1,288 with a small loss. On Wednesday XAU/USD plummeted and fell almost $20 and on Thursday reached fresh four day lows at $1,285. 

Price moved sideways all day without a clear trend. During the European session peaked at $1,295 but failed to hold and pulled back quickly below $,1290. On American hours price action remained limited. 

The yellow metal is headed toward the second weekly loss in a row and about to finish far from the highs. In the previous days XAU/USD traded above $1,315 but it was rejected and finally retreated sharply, approaching April lows.

More info for Gold fall again ~ forex trading and tax uk:

Read More

Gold Trading Strategy as at January 18 (updated) - forex elite trading academy

Gold Trading Strategy as at January 18 (updated) ~ forex elite trading academy

Gold appears to be at least moderating in its advance today. So far we are seeing it backing off from resistance, probably waiting for whatever economic news may appear as this week goes on.

Of interest is stability in Greece, the adventures of Mr. Draghi and politics in Iceland as it withdraws application to join the EU.

Good Trading in the week ahead!
More info for Gold Trading Strategy as at January 18 (updated) ~ forex elite trading academy:

Read More

Gold Trading Strategy as at December 22 (updated) - forex trading academy marc walton

Gold Trading Strategy as at December 22 (updated) ~ forex trading academy marc walton

Gold

.

Gold price: why it could go below $1000 – or above $1100 - The Week UK

http://news.google.com Tue, 22 Dec 2015 11:48:45 GMT

The Week UKGold price: why it could go below $1000 – or above $1100The Week UKReceived wisdom has it that gold falls in price when interest rates rise – and this cycle was set in motion by the Federal Reserves raising of interest rates last week. Hi ...

Read more ...

Something rare is happening in gold: Gartman - CNBC

http://news.google.com Tue, 22 Dec 2015 15:48:00 GMT

Something rare is happening in gold: GartmanCNBCIts been a bad year for gold, but one widely followed commodities watcher says the bottom is in. So after a 4½ year bear market, its time to be bullish, Dennis Gartman told Fast Money traders Mo ...

Read more ...

Gold steadies after two-day rally as dollar retreats - Reuters

http://news.google.com Tue, 22 Dec 2015 15:46:00 GMT

ReutersGold steadies after two-day rally as dollar retreatsReutersLONDON Gold held near $1,080 an ounce on Tuesday after a two-day rally, benefiting from a retreat in the dollar, though uncertainty over the pace of U.S. interest rate increases capped ...

Read more ...

Gold Price Analysis: Churning Near Support - DailyFX

http://news.google.com Mon, 21 Dec 2015 21:22:29 GMT

DailyFXGold Price Analysis: Churning Near SupportDailyFX... - Gold is continuing to catch a bid below $1,087.05; and traders looking to get short should wait for resistance to show. - Gold has been really volatile lately, so if you are or are plannin ...

Read more ...

More info for Gold Trading Strategy as at December 22 (updated) ~ forex trading academy marc walton:

Read More

Gold Ichimoku Trading Strategy as at January 15 (updated) - online trading academy - professional forex trader

Gold Ichimoku Trading Strategy as at January 15 (updated) ~ online trading academy - professional forex trader

Gold has experienced a nice upward move in the past few days, it is time to examine the trading strategy with a view to support and resistance.

The Ichimoku Cloud does a great job of demonstrating potential support and resistance. We will have a look at  some different time frames to see what may be in store for the metal.

The first chart is the monthly. You can see that price is approaching the resistance of the cloud and if you look back a few bars you can see that it has attempted to go through the cloud more than once and been rejected.

This is the weekly chart, once again price is approaching the cloud. At this point the cloud is not very thick and may not present much resistance.

The daily and 4 hour charts show that price is above the cloud which will be acting as support.

Some additional commentary on Gold


Jeff Gundlach Webcast, January 13 - Business Insider

http://www.businessinsider.com/moneygame Tue, 13 Jan 2015 13:07:45 -0800
The best commodity in 2014 was gold. Screen Shot ... Gold gained ground in basically every currency except the US dollar in 2014. ... "Gold is on a stealthy rally and I suspect gold is going to be headed higher not lower." ...

Read more ...




Sat, 10 Jan 2015 00:57:00 -0800
Contrarian, gold & precious metals. Profile| Send Message|. x. Author Following Options: Follow this author. See their articles on your Seeking Alpha homepage and in your feed. Real-time alerts on this author. Get their new ...

More info for Gold Ichimoku Trading Strategy as at January 15 (updated) ~ online trading academy - professional forex trader:

Read More