Gold, Silver, Oil Weekly Analysis | 13 Mei 2016

Gold weekly Review

Weekly Review

During The previous week ending 6th April, Gold markets broke above the upper resistive trend line and is still pretty much bullish. Following this breakout, we are very reluctant to look for short positions, instead, during this week, we will be keen to look for candle stick patterns that signal a bullish trend. In the meantime, We wait for minor retracements towards $1280 to continue long with our first target at $1307. A breakout above this level will push the price further to the upper side with the next target at $1383. Ideally, during this week, key levels are seen at $1383, $1307, $1201, $1161 and $1061. This Commodity should be traded alongside Silver. These two commodities have a strong positive correlation of up to +0.92 and will likely have a similar price action during this week. Ideally, gold is dragging silver with it to the upper side. As long as Gold remains bullish, look for long positions in silver.

Trade Recommendations:

Wait for minor downward retracements towards $1269 to go long with your first target at $1338. A breakout above this target will push the price further to the upper side but with the next target at $1380. Sell positions will only be ideal if the anticipated retracement goes below $1269.

Silver weekly Review

Weekly Review

During the previous week ending 6th April, Silver markets retraced to the lower side but is yet to reach our target support $17.66. We are waiting for the price to rebound perfectly from $17.66 to go long with our target along the descending resistive trend line and the resistance level $18.74. A breakout above this trend line will lead to an acceleration to the upper side towards $18.74. This Commodity should be traded alongside Gold. Gold and Silver are positively correlated and will likely have a similar price action during this week.

Trade recommendations:

During this week, expect an acceleration to the upper side. In the meantime, wait for the current downward retracement to rebound perfectly along $17.66 then go long with your targets at descending resistive trend line and $18.74. A clear rebound from the descending resistive trend line will lead to an acceleration to the lower side, which means continuing with the bigger wave [5].

OIL weekly Review

Weekly Review

During the previous trading week ending 6th April , Oil markets rebounded from the key resistance zone $46.44 headed short with the black wave (4) and is still pretty much bearish. During this week, we still expect further movements to the lower side for wave (4) to end along the ascending supportive trend line, from where we'll be looking to buy wave (5) with our ultimate target at $49.68. A clear breakout below this trend line will likely push the price further to the lower side.

Trade Recommendations:

During this week, expect an acceleration to the lower side. The short positions should have a target along the ascending trend line. A clear rebound from this supportive trend line will call for buying wave (5) with our target at $49.68.

Membagikan

Facebook

Twitter

Bob Stan

Setuju dengan review?Setuju Tidak setuju

opini pedagang:

FreshForex is a brand that provides access to online trading for clients from more than 158 countries all over the world. The Company's partners are the licensed European liquidity providers, banks, payment aggregators and systems with which the company has been cooperating for more than 19 years.
Clients must be at least 18 years old to use the services of the Company.
The company's services and information on the site are not intended for citizens and residents of some countries, such as Belgium, China, North Korea, France, Hong Kong, Russian Federation, Spain, Great Britain, USA, and also countries identified by the FATF as high-risk countries or countries with serious AML/CFT deficiencies; countries or regions that are under international sanctions. A complete list is available on the "Countries where the company's services are not provided" page. The Company does not have representative offices in the Russian Federation and does not register clients from the Russian Federation.
Risk Warning: Trading financial instruments with leverage carries high risks and can result in both profits and losses. Potential losses are limited by the deposit amount. Before deciding to trade, the client should assess their risk tolerance, experience, and knowledge level.

Freshforex.com uses cookies for better website operation, traffic flow analysis, and personalization. By using this website you agree to our Cookie Policy.
User Data privacy is protected in accordance with GDPR. The SSL certificate installed on the website transfers the information over a secure protocol.
The site contains links to websites of third parties. The Company does not check or control the third-party resources that are in any way related to the FreshForex site, so the Company is not responsible for any third-party information or materials posted.
By creating a link to a third party website, the Company does not endorse or recommend any products or services offered by the third party.
The website content is intended for informational purposes only. It should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorized. It also should not be considered as an offer/solicitation to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as a recommendation to buy, sell or otherwise deal with any particular currency or any other trading asset investment. If you are not sure about your local trading regulations, please, leave this website immediately.

© 2004—2024 FreshForex – Forex broker
Reproduction of the contents is allowed only with active hyperlink to original source.

Gold, Silver, Oil Weekly Analysis | 13 Mei 2016

Membagikan

Bob Stan

Penghargaan terbaik kami: