#XAUUSD weekly
Technical observation
Last week the value of the commodity on the chart above rose with a big green candle as I had predicted and this week I expect it to rise above the upper trend line as indicated on the chart above, If you are currently flat with #XAUUSD I would advise that you remain so and wait for a clear breakout and a correction to the upper trend line on the weekly chart above then pick long positions at it with your take profit at 2035.92 and stop loss at 1776.67. Right now as it is on the chart above I can only recommend bullish positions for the pair above, short positions can only be advisable in case of a clear breakout below 1776.67.
Trade recommendation
Remain flat.
#NIKKEI weekly
Technical observation
Last week #NIKKEI declined as I had predicted and I expect it to surge further to the lower side. If you picked short positions within the resistance zone 27470-27146, remain in the trade with your take profit at 24041 and stop loss at 28766. Should there be a clear breakout below the level 24041 with a big red candle, wait for a correction and a rejection at the broken line confirming a further surge to the lower side before you continue short with this pair. The key levels to look for on your way downwards include 24042, 19778 and the lower supportive level 15447. As long as price is sustained below the zone 27470-27146 I can only recommend short positions.
Trade recommendation
Remain short with your take profit at 24041.
#NQ100 weekly
Technical observation
Last week on the chart above the value of #NQ100 declined below the supportive zone 14542.2-14396.2 instead of rising as I had predicted and as long as it is sustained below this zone, I expect a possible momentum to the lower side, Right now as it is I would advise that you wait for a correction to the zone I have mentioned above then pick short positions within it with your take profit at 10935.4 and stop loss at 15622.2. In case the value of this company’s shares is not sustained below the zone 14542.2-14396.2 but clearly breaks above it again with a big green candle, then you can expect a rally to the upper side after a correction to the same zone.
Trade recommendation
Wait for a correction to 14542.2-14396.2 to sell #NQ1OO.