Gold weekly review:
Trade Recommendation:
As long as Gold trades above the green trend line, look for long positions with targets at 1089 and 1176. Any clear movements below this trend line will call for short positions with ultimate targets below 982.55
Oil weekly review:
Trade Recommendations:
Wait for a clear break out below 33.32 then go short with targets at 26.54 and 19.58. In an alternative case scenario, should the price turn bullish just above this supportive trend line, then we will be looking for long positions with ultimate targets at 42.35 and 48.61
Trade Recommendations:
Wait for price close above 14.29, then go long with targets above 14.63. Should the price close below 13.64, go short positions with targets along the green supportive trend line