Gold Weekly Review
Technical Observation:
Last week, We expected a continuation of the previous up trend, but, instead of price continuing to the upperside, Gold markets retraced back to the lowerside and even went below the three Moving Averages forming part of the trend indicator. While the price is contained within the range 1470.45-1555.28, we're waiting for a bounce from the 1470.45 to pick a buy . If the price can go below 1478.45, then this will push the price further to the lower side towards 1346.50. On its way downwards, the key lines to look for include 1433.00, 1398.50 and 1346.0.
Trade Recommendations:
Rebuy Gold from 1478.45.
Silver Weekly Review
Technical Observation
Just as in Gold, Silver retraced back to the lowerside but could not go below the blue slow moving average forming part of the trend indicator attached. This Commodity is still in an active trend. While the price is above this blue like, We're expecting a bullish rally towards 19.595. ON its way to the upperside, the key lines to look for include 18.320, 18.960 and 19.595. A break above the last line will push the price even higher towards 20.125. In case of a break below 17.365, then this will mean we're going to the lowerside.
Trade Recommendations:
Rebuy Silver from 17.045.
CAC40 Weekly review
Technical Observation
Since End of August Until now, CAC40 has been in an active up trend. The previous week however, saw this index decline massively but could not go below the trend indicator attached. This index is still upwards and while the price is still contained above the lower slow moving average, I expect further momentum even higher. Should price go below 5542.0, then this will be a good sign that we're continuing to the lower side towards 5331.0. On its way to the lower side, the key lines to look for include 5542.0 and 5416.0.
Trade Recommendations:
Waiting for a low risk buy
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