Mustafa_S

Mustafa_S

Head and shoulder pattern is clearly visible in GOLD on the daily time frame. $GDX showing a similar pattern. $DXY broke out of the wedge pattern as well.

Mustafa_S

We have bounced off the daily trend line recently and the next major resistance will be at around the MA10 level. We may see a rejection there in which case we will be heading much lower towards MA 50 - ($1839) or even EMA 150 ($1732) before heading higher than the current ATH

Mustafa_S

The level to watch in Silver is 26. This level was tested three times as support in 2011- 2012 and is now the resistance (38.2 fib zone). I am thinking wait to go long once we breakout at 26 or retest of support & not in between.

Mustafa_S

ASX:XJO Has broken below the 10 year channel. Will most likely retest the channel and then down towards the primary trend.

Mustafa_S

TVC:DJI Dow Jones forming a megaphone and long term outlook is bearish.

Mustafa_S

TVC:DJI IMO Long term outlook of Dow Jones