maandag 22 april 2013

Making Money with Gold and Silver

Investing in gold and silver is a great way to make money. How to invest in Gold and Silver? If you need to know about investing in gold and silver, come to Ultimate Wealth Congress and get tips for successful Forex trading!





Gold & Silver

Trading gold and silver gives you exposure to trading products that are in demand around the world. Volatility in precious metals can be high, providing many trading opportunities in rising and falling market conditions for short term trading.


Why trade gold and silver?

  • Products influenced by political, economic, and environmental factors
  • Diversify your portfolio
  • Technical and fundamental insight from our global research team to alert you of potential trade opportunities
  • Opportunity to hedge currency positions, often known as safe-haven currency



GOLD AND SILVER:

  • XAU/USD
  • XAG/USD


Source: Forex.com




Forex Strategy Of The Day 22 April 2013


Strategy of the day on EUR/JPY 

The spot rate approaches the intermediate support of its medium term bullish channel at 130.20 suggesting a rebound. However, a break of these levels will free a large potential and reach the lower limit of its channel at 129.60. Technical indicators provide sell signals but until the support is not broken the assumption of a rebound is most likely. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement. The spot rate approaches the intermediate support of its channel -  then we suggest 2 scenarios: The first one is the hypothesis of a rebound -  then we recommend a buy on the level of 130.20 with the 1st objective at 130.80 and then at 131.00. A break through 130.00 will invalidate this scenario. The second scenario is a break of its support  - then we recommend a “sell stop” that means to sell the spot rate as soon as it has broken through its support of 130.20 with the 1st objective at 129.60 and then at 129.40. A break through 130.40 will invalidate this scenario.


Strategy of the day on GOLD

Gold approaches the upper limit of its medium term bullish channel at 1,432 suggesting a decline. However, a break of these levels will initiate a more violent bullish channel. Technical indicators do not provide clear signals but until the resistance is not broken the assumption of a decline is most likely. Bollinger bands have greatly tightened in recent days showing a decline in volatility and the imminence of a violent movement. Gold is currently testing the upper limit of its channel, so we recommend 2 scenarios: The first one is the hypothesis of a decline - then we recommend a sell on the level of 1,432 with the 1st objective at 1,422 and then at 1,420 A break through 1,435 will invalidate this scenario. The second scenario is a break of its resistance -  then we recommend a “buy stop” that’s means to buy the gold as soon as it has broken through its resistance of 1,432 with the 1st objective at 1,442 and then at 1,445. A break through 1,429 will invalidate this scenario.


Strategy of the day on GBP/USD

The spot rate approaches the lower limit of its medium term bearish channel at 1.5210 suggesting a rebound. However, a break of these levels will free a large potential and initiate a more violent bearish channel. Technical indicators provide buy signals and until the support is not broken the assumption of a rebound is most likely. Bollinger bands have stabilized showing a more regular volatility. The spot rate is currently testing the lower limit of its channel, so we suggest 2 scenarios: The first one is the hypothesis of a rebound  - then we recommend a buy on the level of 1.5210 with the 1st objective at 1.5270 and then at 1.5290. A break through 1.5190 will invalidate this scenario. The second scenario is a break of its support -  then we recommend a “sell stop” that means to sell the spot rate as soon as it has broken through its support of 1.5210 with the 1st objective at 1.5150 and then at 1.5130. A break through 1.5230 will invalidate this scenario.


Strategy of the day on EUR/USD

The spot rate approaches the lower limit of its medium term bulish channel at 1.3060 suggesting a rebound. However, a break of these levels will free a large potential and initiate a violent bearish channel. Technical indicators do not provide clear signals but until the support is not broken the assumption of a rebound is most likely. Bollinger bands have stabilized showing a more regular volatility. The spot rate is currently testing the lower limit of its channel, then we recommend 2 scenarios: The first one is the hypothesis of a rebound  - then we recommend a buy on the level of 1.3060 with the 1st objective at 1.3120 and then at 1.3140. A break through 1.3040 will invalidate this scenario. The second scenario is a break of its support  - then we recommend a “sell stop” that means to sell the spot rate as soon as it has broken through its support of 1.3060 with the 1st objective at 1.3000 and then at 1.2980. A break through 1.3080 will invalidate this scenario.