FYI | May 03 2011
FNArena has added another video to its Investors Education section on the website. In this broadcast, ATW founder/market trader shows why it is possible the price of gold is peaking in the first week of May. Amongst the items discussed in the broadcast are:
– Potential completion of a Five Wave move (Bearish Wedge) in Gold off the March 15th low is examined … A Key Resistance Zone is constructed and defined to reveal major resistance at 1515-1520 (initial) and 1535-1540 (secondary) with an extended Exhaustion Zone at 1560-1570
– Specific price levels are given in Gold to demonstrate required steps in the reversal confirmation sequence including a reversal breakout (RBO) below 1496 and 1486 (Strategic Support) before the Bull market move reversal is confirmed (short term trend turns down)
– The construction and definition of a Major Resistance Zone in Silver is covered identifying a Key Resistance zone at 48.20 – 50.20
– A seven (7) week cycle in Gold/Silver is covered with several examples of cycle reversals over the last year … The next major cycle high is scheduled for the week ending May 6th
– The significance of a Weekly Reversal Breakout for Gold and Silver is covered in order to qualify for an early and necessary event for the Short Term Trend to reverse to Down
– The US Dollar Index is briefly examined to for preliminary evidence of a pending reversal
To view the ATW Strategic Prep Video (originally from November 29, 2010) click HERE or visit the FNArena Investors Education section of the website.
Here's the direct link: https://www.fnarena.com/index2.cfm?type=dsp_front_videos&vid=36
All views expressed are Jerry Simmons's, not FNArena's (see our disclaimer).
Jerry Simmons has over 25 years of full-time trading experience. He is the senior partner and head mentor for the “Masters” Programme within the education system at New York based Advanced Trading Workshop (ATW). ATW recently set up shop in Australia through the establishment of ATW Australia (since mid-2010).
FNArena is pleased to have Jerry Simmons as a highly valued contributor to its service which aims at both educating investors and assisting them with their own market analyses.
The above mentioned videos can be accessed via the FNArena Investor Education section.
About ATW Australia
Founded in June 2010, ATW Australia is a “one-stop-shop for all a trader needs to succeed”: quality education for new traders, superb advanced trading education, fast unfiltered data, a world-leading trading platform, customer oriented competitive brokerage, quality ‘Made in the USA’ specialized trading computers, trading magazines, and the all-important psychological mentoring and coaching for traders. The trading educational products are provided by the Advanced Trading Workshop, Inc. in New York, all other services are provided by a network of partners that were chosen based on their superior products and services in their specific field of expertise. FNArena is one such partner.
To learn more visit www.advancedtradingworkshop.com.au.
