Gold continues to rally above the immediate trendline. While the price remains above the immediate lower trendline, I expect nothing but a possible momentum to the lowerside upperside. While the price remains above this trendline, buyers are in full control. Unless the price breaks and closes below the lower trendline, we are strictly looking for buy positions.
Trade Recommendations:
We're buyers
HongKong Stock's Index
Wave Analysis
Last week, the price gapped to the upperside but ended up closing below its opening price, on this chart, I am looking for nothing but a possible momentum to the lowerside, the idea here will be to keep looking for low risk sell positions expecting a break below 16821.9 towards 15000 and may likely head much lower. On the sellers side, we will be looking for a possible sell towards 14712.0
Trade Recommendations:
We're sellers for now
Dow Jones Weekly Review:
Wave Analysis:
During the previous week, the Dow pulled back slightly to the upperside but ended up closing as a green candle, As it is right now, I am looking at nothing but a possible momentum to the upperside. The fact that the price broke and closed above the upper trendline, we expect nothing but a possible momentum to the upperside. The idea is to keep looking for buy positions towards 36308 and may move much higher.
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