Gold Weekly Review:
Expect a possible rebound from $1343 to go short with an ideal target at $1252.
Silver Weekly Review:
As previously forecasted, silver markets retraced to the upper side a bit far than expected but could not go beyond $19.64. The corrective wave 4 should not go beyond the close of the impulsive wave 1. So, instead of buying wave 4, we wait for it to end around the resistance level $19.64 to sell the impulsive wave 5 to the lower side with an ideal target at $17.82. This view can only be invalidated incase the curent corrective wave 4 end up above $19.64. If the latter is the case then we expect an acceleration to the upper side.
We are short from $19.64 with an ideal target at 17.82.
Oil Weekly Review:
We are short from $46.55 with an ideal target at the 50.0 fib level.