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:
OTTAWA Jan 22 Canadas annual inflation rate rose in December as food prices surged, Statistics Canada data showed on Friday, suggesting the impact from the lower Canadian dollar was being felt. The annual inflation rate ... 
commodity prices, a dipping Canadian dollar, sluggish economic growth and costly campaign promises are proving a mammoth financial headache for the government, and, with Parliament set to resume Monday, could soon be a political one as well ... 
trade idea highlights the foolishness of picking a bottom in a falling market where there is absolutely no evidence that the downtrend is pausing. It was based on too many assumptions rather than facts. The other major failing is that the author ...
the Canadian dollar hovering below 70 cents, its a tough travel world out there. Trips to traditional sun spots favoured by Canadians are proving outrageously expensive. Luckily, there are tricks you can use to soften the blow and deals to be had ... 
Layoffs were a dominant theme this week as two major Canadian companies announced plans to cut back on jobs. First it was PotashCorp announcing plans to shut a potash mine in New Brunswick, putting 430 people out of work. In a town where the?... 
