the pair is oversold, but not extreme, and stochastic is not too low as yet. However, I feel with GOLD levels, we should concentrate on GOLD movement, and its heavily overbought, hence we should look for BUY for the pair now. Strategy BUY @ 18.4350-18.4600 and place SL below 18.3150 (I do not want SL to near now). Profit order @ 18.6850.
I took profit at 18.5650 and did this due to uncertainties of GOLD correction, when it will happen etc. For now, am side line and consider NEUTRAL stance for the pair. However, noting we are going negative stochastic, and there is a possibility to move lower to test 18.5150 and maybe even 18.4350. I am not pushing it am careful and prudent. Will update once I...
I aborted the pair near 18.6900 as it starts looking tired for now. The stochastic is starting to look negative (not as yet) but it feels it will and besides GOLD is higher again, even though over bought heavily, we should consider the likely event of a test of 18.5500. For now am a careful SELL or stay neutral at current conditions. I would certainly be buyer...
The pair shows a clear negative divergence, as one can observe comparing price movement vs. RSI. This suggest we will see lower levels over time, and I feel we amy see 185.50 again in the medium-term. Strategy SELL @ 191.50-192.00 and place SL above 193.25 and a profit order @ 186.25.
I suspect we may see a test near $ 3,450, but would be SELL into rally. The GANN resistance likely will hold, and stochastic will be high enough at the time for this short. Strategy SELL @ $ 3,435 and place SL above $ 3,525 for now. Profit order @ $ 3,157.
The chart has formed an M-top and based on that assumption, and besides we still very overbought weekly and monthly, the likely situation is, to see a move towards objective $ 190 based on M-Top. Overall am seeing a chance of $ 155 area. Strategy SELL @ 250-270 and take profit @ 191.00 for now, but on weekly chart more chances of lower levels. SL above $ 288 for now.
The pair has moved up quite a bit, and we are at a cross-road. Stochastic is turning negative and its high level, and we are Keltner upper levels and slight above GANN but not convincing. Strategy SELL @ 1.4685-1.4705 and take profit @ 1.4567 and place SL above 1.4757.
The pair has remained supported 18.5500 area and SL change has protected it from harm. We are embarking on a move higher and as mentioned earlier, GOLD is correcting and feel it will start moving towards $ 2,235 soon and lower. Strategy is keep positions that are LONG or add or BUY @ 18.6750-18.7000 and take profit @ 18.8450 for now. SL keep same @ 18.5500 below...
The pair has moved through the 18.7000 area and that is why we moved little further down. that is why we keep SL for such situations, and it got triggered. Now we are still below 18.7000 and we are in low stochastic areas, suggesting we are oversold. the key is GOLD of course, and when GOLD correction idea is right, this pair will move back 19.0500 area....
The short-term and medium-term charts shows overbought status, and even though we cannot predict how high something will go before correction, overall it is clear we will correct and I feel we may see re-test $ 2,100 coming weeks, or thereabouts. Strategy SELL or ADD @ $ 2,300 - 2,340 and place SL now for safety reasons @ $ 2,385. Profit order @ $ 2,127.
I feel the decline is somewhat overdone, and stochastic is lower levels and turning. I suspect we will see a test of $ 3,450 again short-term. Strategy BUY @ 3,180,3,205 and take profit @ 3,435 and place SL below $ 3,150 for now.
Yesterday, I felt technically we could see much lower levels, but since we have hardly managed to move lower in any form of speed, concerns me. The stochastic is negative, and we have broken support levels, but one support 18.7000 area should act as strong now. this means the miles from 18.8500 to 18.7000 is not much, and currently we hoover around 18.7900 -...
GOLD may move little higher at first and maybe we touch $ 2,300 briefly. However in terms of positioning, I prefer SELL. Strategy SELL @ $ 2,285 - 2,305 and place SL above $ 2,347 and take profit @ $ 2,157 for now.
sorry, was busy with few other things, and expected a higher USDZAR yesterday, but now think this move higher has opened the way to test 18.6150 I feel. Stochastic turning, GOLD still high, and as long as it remains high, pressure is downside for the pair. Strategy SELL @ 18.8150-18.8650 and place SL above 18.9850. Profit order @ 18.5575 for now.
No change in view. The share price is likely to decline uniform with crypto corrections that may be severe in nature, is my personal view here. We got lots of topping candles, high RSI (and negative divergence as well). We should move lower to test 216.00 again. Strategy SELL @ $ 260-290 and place SL above $ 327 and take profit @ 220, and after consolidation en...
It appears to stay behind the others in terms of correction. Excellent opportunity seeing hammers, doji's etc and above Keltner, suggest a decline is likely, is my personal view. we have negative divergence as well with much lower highs and higher highs now with lower high RSI. The GANN lines also suggest we will correct. Strategy SELL current @ $ 190-200 and...
The pair will likely move further south on the back of strong GOLD price levels. We have triple TOP for the pair 19.15-19.20 etc. and we broke through neckline 18.90s. Now we are trying to move beyond 18.7900 support and if given way, would expect a steep decline 18.6350 area. However, observe stochastic levels as they might be overdone at the time we have moved...
The pair has indeed moved higher as I felt would be the case. and slightly stopped before the profit level of 19.1150, but near and good enough above 19.1000 exiting. Now we have moved lower on GOLD price increase, even I felt it would move lower first. This still may be the case. Strategy SELL @ 18.9650-19.0100 and place SL above 19.0350 and take profit @...