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 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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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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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.
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Russian Rouble Trading Strategy as at January 16 (updated) - online trading academy professional forex trader library

Russian Rouble Trading Strategy as at January 16 (updated) ~ online trading academy professional forex trader library

The Rouble is achieving stability in the past couple days, probably due to the more stable oil prices and government intervention. As inflation moves higher there will be more moves and interventions by the government to stabilize the economy

Below is some commentary from various sources outlining events regarding the Russian currency and effects of its moves within Russia

RPT-UPDATE 2-Russian rouble firms as oil rallies, Kremlin ups verbal support - Reuters

 Thu, 15 Jan 2015 17:30:32 GMT
Business RecorderRPT-UPDATE 2-Russian rouble firms as oil rallies, Kremlin ups verbal supportReuters(Repeats to wider addresses). By Alexander Winning and Darya Korsunskaya. MOSCOW Jan 15 (Reuters) - The rouble firmed on Thursday, tracking the perfor ...

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Russian rouble stronger at market opening - Economic Times

Fri, 16 Jan 2015 07:33:21 GMT
Russian rouble stronger at market openingEconomic TimesMOSCOW: The Russian rouble firmed at market opening on Friday, supported by stable oil prices. At 0706 GMT, the rouble was 0.4 percent stronger against the dollar at 65.04 and 0.1 percent firmer ...

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Russia reveals huge cost of supporting the rouble - BBC News

Mon, 12 Jan 2015 15:24:23 GMT
BBC NewsRussia reveals huge cost of supporting the roubleBBC NewsThe Russian central bank has revealed the huge cost of trying to prop up the value of the rouble. In the past year, the bank spent $76bn and 5.4bn euros as it repeatedly bought roubles ...

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Central Asian migrants flee suspicious Russians as rouble sinks - Irish Times

Thu, 15 Jan 2015 01:03:45 GMT
Central Asian migrants flee suspicious Russians as rouble sinksIrish TimesOver the past few weeks Russia has been seeing a mass exodus of migrant workers dismayed by the onset of what promises to be a deep economic recession and the collapse of the r ...

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Some Important Point and Figure Charts for your Trading Strategy as at January 13 (updated) - algorithms for forex trading

Some Important Point and Figure Charts for your Trading Strategy as at January 13 (updated) ~ algorithms for forex trading

These charts indicate that there will be some great moves as time passes, hopefully some nice trends in the months to come

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GBPUSD Trends in 23rd January (updated) - forex trading courses mumbai

GBPUSD Trends in 23rd January (updated) ~ forex trading courses mumbai

Important Trading Mark is 1.5885

From last two days you seen that GBPUSD pairs continue trading lower. The main resistance zone of GBPUSD is 1.5885 level at the point . And Short term support is 1.5820. Last 4 Hours Charts showing that pairs has good volume buyers at the support zone.

And above Chart reflecting that it now trading in bullish territory . Just need to cross 1.5885 level . Then it may go towards 1.5925 even 1.5950.

If the pairs not able to break 1.5890 mark it may down again and may go towards 1.5820, 1.5800 level.

So carefully trade. Happy trading

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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!
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EURUSD Technical Analysis Trend on 24th January (updated) - forex trading courses manchester

EURUSD Technical Analysis Trend on 24th January (updated) ~ forex trading courses manchester

Pairs Trading in Break Up Position (GMT-12.10)

EURUSD pair trades with clear positive since morning trade, has good Support in lower level. The pair need some direction trade to determine, because this pair still moving between the support and resistance level now ( 1.3335 and 1.3295.) . 

Absolute Trend is Bullish 

The pair trading in very vital zone.Need Some Break out Trades either side .If EURUSD break yesterday resistance level 1.3352 , may go towards 1.3370, 1.3400, 1.3415 .

But if it failure to break yesterdays resistance , it may fall again and shall hit 1.3260 level in inter day trading.

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AUDUSD Trading Strategy as at January 15 (updated) - forex trading algorithm pdf

AUDUSD Trading Strategy as at January 15 (updated) ~ forex trading algorithm pdf

The Australian Dollar trading strategy is enhanced by very strong employment figures. The pair has moved up sharply based on the addition of 37,400 jobs in December, much better than the forecast 5,000.

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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." ...

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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 ...

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EURUSD Trading Strategy on 23rd January (updated) - forex trading courses in malaysia

EURUSD Trading Strategy on 23rd January (updated) ~ forex trading courses in malaysia

Important Trading Point is 1.3370

EURUSD pair can be seen converging rectangular triangle within which lasts almost side Flete, now better wait break any of the boundaries of the triangle to determine the future of the main trend, but for now just have to catch the scalp and a retreat from the borders of the triangle. The Pattern showing bullish Movement at the moment. From last day trading charts , the pair reflecting double bottom trend. it mean pair now in bullish zone.

EURUSD easily touch 1.3360 mark in days trade but has good selling pressure @ 1.3365-1.3370 Mark . If it Cross that important level and hold , it will turn a side ways movement and easily cross 1.3400 level even touch 1.3415 .

But if EURUSD failure to cross important 1.3370 mark , Bearish pattern again may arise. If so it may fall again towards 1.3300 mark , even it may touch 1.3260 mark.

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Gold Analysis as at January 17 (updated) - online trading academy forex review

Gold Analysis as at January 17 (updated) ~ online trading academy forex review

Your Gold Trading Strategy will have been altered significantly this week as the metal has made a strong move north.

I have a few charts with some notations for you to have a look at, below those is some current commentary which you may find of interest.


This first chart shows Harmonics and may indicate there will be a reversal.

Here is the pivots on the weekly chart, price has stalled there, at least termporarily.

The Ichimoku Cloud appears to be offering significant resistance on the weekly chart.

On this next chart, which is weekly we can see a bearish Fibonacci pattern

And on this weekly chart we have a bullish Fibonacci Pattern

Now we have the Point & Figure Chart from Stockcharts.com. They have revised the target from $1,050 to $1,510 so this weeks move had had an effect on the P&F calculations.

Swiss shock no game changer for gold? - CNBC

Fri, 16 Jan 2015 12:39:36 GMT
CNBCSwiss shock no game changer for gold?CNBCBut on the negative side, she said that the momentum for the Swiss franc—which surged 30 percent against the dollar on the SNBs move–created competition between the Swiss franc and gold as a safe haven ...

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Gold Climbs to Four-Month High as Open Interest Surges - Bloomberg

 Fri, 16 Jan 2015 06:16:31 GMT
Wall Street Journal (blog)Gold Climbs to Four-Month High as Open Interest SurgesBloomberg“Theres a lot more uncertainty in Europe and the U.S., and thats piqued a lot of investors interest in gold,” Fain Shaffer, the president at Infinity Trading ...

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2015 Stock Picks: Our Gold Plays Surge Ahead This Week - Money Morning

Sat, 17 Jan 2015 04:16:44 GMT
2015 Stock Picks: Our Gold Plays Surge Ahead This WeekMoney MorningThe past couple of years have seen considerable pressure on most gold equities, thanks in large part to a declining, then consolidating, gold price, Money Morning Resource Specialis ...

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PRECIOUS-Risk aversion puts gold on track for biggest weekly gain since 2013 - Reuters

Fri, 16 Jan 2015 21:51:10 GMT
PRECIOUS-Risk aversion puts gold on track for biggest weekly gain since 2013ReutersNEW YORK/LONDON, Jan 16 (Reuters) - Gold rose to a four-month high on Friday and was set to increase 4.5 percent for the week, its biggest weekly gain since August 201 ...

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Russian Ruble Trading Strategy As AT January 30 (updated) - open forex trading account singapore

Russian Ruble Trading Strategy As AT January 30 (updated) ~ open forex trading account singapore

Russia has surprised traders with a cut to its main interest rate today, the Ruble has slid in trading. The central bank has reduced the rate to 15 percent, a drop of 2 per cent from the rate set recently at 17.

As a result the currency has dropped approximately 3 per cent in todays trading.

This chart shows the USDRUR currency pair and you can see that USD has advanced on the RUR.

Over the weekend will be more news and discussion of the move by the central bank and next week will bring a further reaction.

Oil prices have firmed a bit today helping to support the Ruble.
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Canadian Dollar Update As At January 3 (updated) - forex trading academy leeds

Canadian Dollar Update As At January 3 (updated) ~ forex trading academy leeds

Of course the Canadian Dollar is feeling the effects of a failing economy based on someone’s dream about becoming a petrostate.

One interesting thing about petrostates is that in most of them poverty abounds.

Another interesting thing is that most petrostates are dictatorships.

And Canada was headed that way until the recent election that saw the fanatics removed from power.
Canada has a long way to go to recover from ten years of mismanagement, the current oil price has damaged all of Canada.

Here are some recent articles offering various opinions as to the future of the loonie:


CAD to USD: Why Hedge Funds See More Downside for Canadian Dollar - Profit Confidential
Sat, 02 Jan 2016 12:02:44 GMT
Profit ConfidentialCAD to USD: Why Hedge Funds See More Downside for Canadian DollarProfit ConfidentialCanadian newspaper The Globe & Mail reported this week that hedge funds are shorting the Canadian dollar. According to data released by the Commodi ...

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Falling oil prices and stalled economy make 2015 a year to forget - CBC.ca
Thu, 31 Dec 2015 15:25:21 GMT
CBC.caFalling oil prices and stalled economy make 2015 a year to forgetCBC.caBut thats cold comfort for investors who remember oil prices above $100 US a barrel less than 18 months ago. Oils slide has been devastating news for the Canadian dollar, ...
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CAD to USD: Could the Canadian Dollar Slide Another 19.0%? - Profit Confidential
Thu, 31 Dec 2015 12:01:50 GMT
Profit ConfidentialCAD to USD: Could the Canadian Dollar Slide Another 19.0%?Profit ConfidentialMarkets absolutely decimated the Canadian dollar in 2015, when low energy prices weighed on Canadas economy, dragging it into a recession. Now, as we app ...

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Price of oil loses another 3%, dragging Canadian dollar back below 72 cents US - CBC.ca
Mon, 28 Dec 2015 16:31:54 GMT
CBC.caPrice of oil loses another 3%, dragging Canadian dollar back below 72 cents USCBC.caThe benchmark price of North Americas main oil blend lost more than three per cent to change hands below $37 US a barrel on Monday, dragging the Canadian dolla ...

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A Nice Way To Profit From The Decline In The Canadian Dollar - Benzinga
Thu, 31 Dec 2015 13:34:00 GMT
BenzingaA Nice Way To Profit From The Decline In The Canadian DollarBenzingaAfter peeking in late 2007, the Canadian Dollar lost more than 25 percent in less than a year-and-a-half. However, the currency managed to recuperate, and its price remained ...

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Canadian dollar could sink as low as 68 cents as bond with oil grows to world ... - Financial Post
Thu, 24 Dec 2015 15:54:10 GMT
Financial PostCanadian dollar could sink as low as 68 cents as bond with oil grows to world ...Financial PostThe correlation between the Canadian dollar and the benchmark West Texas Intermediate oil price is about 0.56, meaning the two have a strong ...

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