DDTrading12

DDTrading12

We mentioned in the previous analysis that we expect an intermediate cycle low this week. We looked at the open interest data, too. It confirms our thesis. We see two possible scenarios - the low is already in and we have to wait for a breakout and next higher low to confirm the next move. We will see the low in the next days. In both cases, silver and gold...

DDTrading12

We expect NZDCAD to start its upward move very soon and from now on we will look for buy setups only. Our long term goal oscillates around 0.90/0.91.

DDTrading12

Gold, just like silver, is seeking its Intermediate Cycle Low (ICL). We suspect, the low might be in at the end of the week. After this ICL Gold will rebound and will generally have strong June. Although we think that the drop is not over, we won't short gold on Monday morning (ECT). Gold price needs some small pullback. Ideally, we would like to see gold to come...

DDTrading12

It looks like silver is on its way to ICL (Intermediate Cycle Low). We suspect, silver will print its lowest point next week. After the ICL, silver will start its new daily cycle that should last at least till end of June. We're expecting fast and sharp recovery during this time.

DDTrading12

Next week probably won't be easy for gold and silver. Most likely, they will fall again. The dollar index on the contrary. We agree that the dollar index doesn't have much room left (at least not for the next few days). However, the market makers can push the price up a bit more. After that we see a strong correction which will have a positive impact on gold and...

DDTrading12

Last week we projected that Gold will move down, finds its daily cycle low and will start a new cycle. We posted our analysis on the local TV site. Gold moved down as projected and recovered a bit but it did not confirm that the low of this impulse is in. What we observe on the market is unpleasant cycle lenghtening. The certain moves that normaly would happen...