Forex Signals In Urdu 2 : January 2014

Here is another post of Forex Signals in Urdu. From a technical perspective, gold is set to post its first annual decline in thirteen years and the broader drop following the break below a multi-year triangle formation in April of this year remains in focus. Although the larger trend remains weighted to the downside, near-term metrics suggest the yellow metal is at risk for a correction higher heading into 1Q if prices mount the $1268/70 resistance range. That level represents the confluence of multiple Fibonacci ratios and has served as a clear pivot in price dating back to 2010.

Interim support rests at $1209, with a break below this level targeting more critical support at $1179/80. This level represents the confluence of the 100% Fibonacci extension taken from the decline off the August highs and the yearly low made back in late-June. Note that daily momentum has continued to respect trend line resistance dating back to the August highs. A breach and subsequent break above the 50-threshold would suggest a substantial correction higher may be in the works. It is also important to keep in mind that cyclically speaking, gold tends to perform well into the year-end with the 2014 opening range likely to offer further clarity on whether a rebound is on the cards early next year. Bottom line: gold remains at risk sub-$1268/70, with a break higher shifting our near-term focus to the topside with resistance targets eyed at $1286, $1305 and $1325. Look for a break and close below the yearly low to put the broader down trend back into focus, with such a scenario eyeing subsequent support targets at $1151-1160, $1125 and $1091.

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Forex Signals 1 : Forex Trading in Urdu

This is our first post regarding Forex Signals. This post is a continuation to our Forex Trading in Urdu. After considering all Macro economic factors its pretty clear there is going to be a run on the Comex not to be mentioned huge moves or call it operation flush out pops from no where & will not give time for traders to think what needs to be done. When this run on the Comex begins in earnest, we will have stunning $100 to $200 increases in the gold prices in a given day.

Levels 1220 - 1230 support near term target is capped @ 1269 - 1330 , this move will be almost $110 & from there if we consider a 200$ up-move 1330 - 1530 that squares our intermediate Resistance or Gap filling target 1530 -1536 - 1560

Another high probable tape is  a move of $200 from 1230 - 1430 & later 100$ up-move will take us to ultimate target 1530.

Talking about Gold Long term target 2352 once again I mention that in my 1220-26$ article of gold initiated on 02 Oct 2011 I particularly state that correction in gold is just a gut wrenching period of gold bulls and the long term bullish trend is still intact.

Here I remember a quote by George Soros

"Once a Trend is established it tends to persist & to run its full course"

The Long term Bullish Trend in gold established which failed in the 1924 Range is likely to persist and complete its course in 2352. Join and follow our blog to stay updated with latest Forex Urdu training tips and guides.