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

More info for Will Gold hit 1000 before the year runs out ~ forex live trading room reviews:

Read more

Cadchf Escape Route - gft forex trading reviews

Cadchf Escape Route ~ gft forex trading reviews

Trade management is one of the essentials of profitable trading. This is an art that has been mastered by the masters in the business of speculation, trading and forecasting of financial instrument. 

A profitable traders gets along with the trade and take quality unbiased and unemotional decisions along the way.

I posted an analysis of cadchf yesterday, 28th October, when I forecast the long term and short term of this currency pair. You can read the analysis again.

I opted for a short position and presently price has consolidated upward since then. Well I have my trade management in place. I deem it fit to post here because someone could have taken the same decision. 

Am I getting out of the short position?  NO!. 

The bears still have a good chance; the recent bullish triangle formed on the intra day charts could just be the second wave of the expected 5-wave impulsive move downside to complete the B leg of the probable zigzag correction I discussed yesterday and this will hold if price does not break above the first wave.

I expect price to dip from the current level to the zones I highlighted.

Conversely, if price broke the triangle upside, I may exit my short position as market could be on its way to form an intraday impulsive move downside according to the chart below

More update to come later as price show us where its heading to.

I maintain a bearish short term bias and a bullish long term bias until price proves me wrong.

You can connect with me, check my contact

More info for Cadchf Escape Route ~ gft forex trading reviews:

Read more

Is the Bitcoin train ever turning back 1000 by year end - vegas forex trading system

Is the Bitcoin train ever turning back 1000 by year end ~ vegas forex trading system

Could it be that the Bitcoin train is never ever turning back from here? Since BTC prices soared past the previous April high of $266, its been surging up to a high of $440 and building up a resistance level, hitting this peak for the second time in 12 hours. On the 5 day chart, we can form a support at $370. I think this resistance and support levels are highly significant now, and my guess is that the BTC prices will be hovering between $370-$440 (MtGox price) for a good 4 days, at least until the 18th of November. If it breaks above this resistance, I feel like the train is never turning back. Will we ever see bitcoin prices at $250, or even $300, ever again?

Some of you may already know about the Homeland Security hearing on the 18th of November. Why is this important? Well, it really depends on the outcome. But judging from how the US is treating Bitcoins now, siezing MtGox bank accounts, silkroad etc., Im skeptical about any good news coming out of this hearing. If its bad news, we could easily see prices slide to $266, or even way below $200. Otherwise, if news is neutral or positive, we could see Bitcoin prices soar to $800, even $1000, by the end of the year. In the past month, some big names in Bitcoin and businesses have valued Bitcoin at $100k, even $1 million. Do you think thats possible? Tell me in the comments below.

Bitcoins rising demand can also be attributred to more businesses offering BTC as a payment option, since Baidu first did so on 22st October 2013. Some notable brands include Shopify, Subway, with eBay considering it. While in China, you can buy real estate with BTC, and beer for BTC in Singapore!

On the other hand, there have also been a significant increase in the number of hackings. Several exchanges have fallen just this month alone, along with some wallet services such as inputs.io. Could the vulnerability of such services compromise the price of Bitcoins significantly?

How would you value a Bitcoin? Author Squeaky Wheel categorizes 3 ways in which we can measure the valuation of bitcoins: 

1) compare to gold (GLD), 

2) compare to a company providing similar service such as Western Union (WU) or Paypal (EBAY), or 

3) calculate values needed to support the transactional value.

I personally agree with the third method, because I believe that the value of Bitcoins are purely dependent on demand, which is in turn increased as more services are built to make it easier transact in cryptocurrncies. Of course, political and regulatory factors will also have a large effect on Bitcoin prices. So lets see what happens on the 18th of November 2013. 

Have comments? Share them with us below!

Liked my Content? Donate Bitcoins

Sources

Vinkelvoss twins: Bitcoin should be worth over 100 times its worth today http://www.cnbc.com/id/101190181

How High Could Bitcoin Value Soar? - Satoshis Billion Dollar Pizza

http://www.youtube.com/watch?v=yXMYXY2T6Ws

EBay eyes use of Bitcoins in online commerce http://www.dw.de/ebay-eyes-use-of-bitcoins-in-online-commerce/a-17202747
As Bitcoin Plunges 25% On Government Scrutiny, The First BTC "Fair Value" Reco Has A Stunning Price Target http://www.zerohedge.com/news/2013-11-10/bitcoin-plunges-25-government-scrutiny-first-btc-fair-value-reco-has-stunning-price-
China, buying real estate with bitcoins http://www.coindesk.com/bitcoin-exchange-btc-china-experiences-time-price-high/

Subway accepts Bitcoins - http://www.coindesk.com/bitcoin-accepting-subway-sandwich-shop-discovered-us/

Shopify now takes Bitcoins http://thebitcoinnews.co.uk/2013/11/12/shopify-now-takes-bitcoin-brooklyn-bodega-discount-subway-bitcoin-in-pennslyvania-redo/

Beer for bitcoins singapore http://www.youtube.com/watch?v=R2fDYJFMXEg

$1.2M Heist Doesn’t Bode Well For Bitcoins as Secure Currency http://socialtimes.com/1-2m-heist-doesnt-bode-well-bitcoins-secure-currency_b137530

Bitcoin Part 2: Valuation? http://seekingalpha.com/article/1833202-bitcoin-part-2-valuation

Liked my Content? Donate Bitcoins

More info for Is the Bitcoin train ever turning back 1000 by year end ~ vegas forex trading system:

Read more