During the previous week, Gold markets rallied to the upperside and is still pretty much bullish both on the daily and on the weekly charts. As it is right now, I expect nothing but a possible momentum to the upperside. basically, we are expeccting an extension of the last impulsive wave (5) to the upperside and may see the price extend much higher towards 1900.09. On this chart, I expect nothing but a possible rally much higher.
Trade Recommendations:
We're looking for a possible momentum to the upperside and may go beyond 1900.0
HSI weekly Review
Wave Analysis
Last week, Hong Kong Stock's idex bounced off from the lower trendline, headed slightly to the upperside and is still showing signs of continuing much higher. On this chart, I except nothing but a possible momentum much higher. This is the continuation of the last impulsive wave (5) upwards towards the upper trendline and may extend much higher.
Trade Recommendations:
We're buyers towards the upper trendline.
SPX500 Weekly Review
Wave Analysis
During the week ending 25th February, SPX500 rallied steading to the upperside just before the end of the week and is still showing signs of continuing much higher. On this chart, we are expecting further rally much higher. On the flipside, if the price may rally to the lower side, then we will be expecting a rebound from the previous week's lowest low and should not go below it. So basically, we are buyers towards 5000.90 and may extend much higher.
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