Gold - long
$1268.0 region is potentially a small reversal region , we are now looking for price to move back to the $1300.0 zone again
- longs can be executed as long as price remains above the $1268 region.
This pair no seems to have broken a key area 0.72200 and price has held firmly above it , closing the day with a big bullish candle. My bias for now midterm is bullish , as I believe we may see price hit at least 0.73700. However as we have NFP out on the 06/01/17 we may see a possible re-test of 0.72200 which is just slightly under 90 pips or so from where we are...
My bias for EJ currently is long. I do believe we may see this pair touch 125.000 , within the next week or so. after a strong bullish run , price is now stalling , possibly taking a break. I know there are a lot of people who may be trying to sell this. Currently price is at the 123.000 are and seems to be holding well, spotted an opportunity here, should we have...
I've noticed a key are for silver has now been broken and we are still above the price of 16.800. This coincides with our 61.8% fib re-tracement and we are still creating higher highs. Price is also now above my weekly support zone and I do believe Silver may push through possibly back up to the 17.800 area. We have my weekly resistance at 17.200 which I believe...
Im quite bearish on this , as there is heavy momentum coming into the dowside , this is a live trade I will taking myself , currently waiting for the 2hr candle close in the Asia session , Looking for a target of around the 0.74400
With yesterdays huge spike to the upside , price still did not close above the previous 4 months highs , as a matter of fact it even failed to close the previous days high. Projection im very bearish on Gold , im expecting in the next week or so to touch the 1240.00 zone.
As we saw trumps victory caused huge volatility yesterday , however we are still looking for a target zone of around the 1.23000 area possibly even lower. Im still very bullish on this pair as Im expecting a huge rebound to the upside once we are in the 1.23000 zone. but for now small short position. 100 pips or so.
SHORT TERM long , Im quite bullish on this pair , especially after last nights volatility , we may see AUD move out of its weekly range and possibly hit 0.84000 area in the coming weeks , keep a close eye. Trying to keep charts nice and clean.