Will Gold hit 1000 before the year runs out - forex live trading room reviews

Will Gold hit 1000 before the year runs out ~ forex live trading room reviews

In recent weeks, Gold has been trending down rapidly breaking barriers along the way. Will this dip continue? Well its just a matter of time.

Going by the weekly chart,price broke out of a triangle in high momentum after 14 months of formation. This triangle marked the successful completion of wave 4 .

 Price is running down to complete this impulsive move which could end at 1000 ( the next support) before the year runs out

The intra day (H4) chart is not contradicting the bearish move. The bearish move that happened immediately after the triangle formation has successfully completed three waves.

 Presently, its enclaved in the triangle of its own which will be completed at the successful break of the lower boundary of the triangle.

In the other way, price might break the upper boundary of the H4 triangle to test the resistance at 1240 thereby forming a zigzag corrective pattern instead of the current triangle before resuming the bearish move.

The breakout of the H4 triangle is very important to what corrective pattern we could have. A break below it will make gold dip and head to 1000 while a break above it will test 1240.

As price moves further, i will keep an update. Dont be far.

Let me add you to my mailing list to alert you of my latest findings.Send your e-mail to forexmaster05@yahoo.com

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Ending diagonal on Gbpchf - forex trading mentor reviews

Ending diagonal on Gbpchf ~ forex trading mentor reviews

I have some good runs on this pair and its stance to form patterns that I vividly understand makes me stay close to it.

Price is presently resuming the general bullish run which started in 2013. The general trend is Up! 

We saw the end of the 2nd wave zigzag corrective pattern and the resultant up move which broke  the resistance zone (indicated by the blue rectangle) showed that the correction is over and the trend has resumed upside.

Price is showing the end of wave 3 of the motive wave 3 with an ending diagonal which would make us expect a sharp corrective move downside. This resultant corrective move should end between 1.5430 and the support zone (1.5314-1.5280) before the bullish trend resumes.

Any dip below the support zone indicated will be a threat to the bullish trend.
I am expecting more price data/candles to ascertain the next big move
I will keep an update.

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EURUSD Market Pivot Point On April 29 (updated) - forex trading for newbies review

EURUSD Market Pivot Point On April 29 (updated) ~ forex trading for newbies review

EURUSD market Pivot Point results On April 29, 2015. This results was generated by using our HotForex tools. And this tool has been generated from the Floor Pivot points , Woodie Pivot Points, Camarilla Pivot Points, Demarks Pivot Points.

For other Currency market pivot points, please to use our tool here : Forex Pivot Point Tool Gerenator. I Hope it will be useful for you. Thanks for visiting my blog. Good luck in your trading Forex. Regard, Tom Berlino.

Auto generate pivot point tool for currency market of EURUSD.

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