Gold Weekly review
As anticipated, during the previous trading week ending 25th November 2016, Gold markets traded massively short and is still pretty much bearish on both the weekly and monthly charts. If the current monthly chart can close the way it is right now, then we expect further bearish price rally during the coming month. and may go beyond 1058.50.
In the meantime, buy positions are very much risky and may be fruitless in the long run, thus, we're only interested in chart set up showing us potential sell signals. Expect similar chart set up in Silver, these two commodities will have a similar price action during this intraday.
Expect a possible bearish price action towards 1056.50 or even lower.
Silver Weekly review
Wait for minor retracements towards 17.26 to go short with an ideal target at 13.80..
Oil Weekly review
Expect a possible bearish price movements towards 43.12