Weekly Analysis For Gold, Oil and Silver. | 16 Septiembre 2016

Gold weekly Review

Wave Analysis:

During the previous week ending 9th September 2016, the corrective wave (b) traded long as previously forecasted but could not go beyond the end of the truncated wave 5. We expect the current downward rally to be the unfolding of the motive wave (c) towards $1253. A clear breakout below this target may push the pair further to the lower side but should not go beyond $1211. Expect a similar price action in Silver. Silver and Gold have a strong positive correlation and will have a similar price action during this intraday. ideally, gold is the leading commodity and it drags silver along with it.

Trade Recommendations:

Expect a possible bearish price rally towards $1253.

Silver weekly Review

Wave Analysis:

As previously forecasted, we still expect to continue short with the impulsive wave (a) and should break below the immediate trend line. However, instead of selling wave (a) immediately, we sit on the sidelines and wait for a clear break below this trend line and then a retracement towards it to give us low risk sell opportunities. Ideally, the anticipated downward rally should be the completion of the impulsive wave (c) towards $16.17 or even lower. This downward rally is highly anticipated since Gold, a positively correlated commodity, is pretty much bearish and will likely trade on the lower ranges during this week.

Trade Recommendations

Wait for a clear breakout below the trend line to go short with an ideal target at $16.17.

OIL weekly Review

Wave Analysis

As previously expected, the corrective wave 2 could not go beyond the beginning of wave 1. We expect the current downward rally to be the unfolding of the impulsive wave 3 and should be extensive in nature. Ideally, this wave should stall around the 50.0 Fib level but should not go beyond 61.8 Fib level. A clear breakout out below the 61.8 Fib level may push the price further to the lower side but should not go beyond. This view can only be invalidated incase the commodity clearly rebound from the 50.0 Fib Level.

Trade Recommendation:

Expect a possible bearish price movements towards 50.0 Fib level

Bob Stan

¿De acuerdo con la revisión?De acuerdo Desacuerdo

Opinión de los comerciantes:

FreshForex is a brand that provides access to online trading for clients from more than 200 countries all over the world. The Company's partners are the licensed European liquidity providers, banks, payment aggregators and systems with which the company has been cooperating for more than 19 years.
Clients must be at least 18 years old to use the services of the Company.
The company's services and information on the site are not intended for citizens and residents of some countries, such as Belgium, China, North Korea, France, Hong Kong, Russian Federation, Spain, Great Britain, USA, and also countries identified by the FATF as high-risk countries or countries with serious AML/CFT deficiencies; countries or regions that are under international sanctions. A complete list is available on the "Countries where the company's services are not provided" page. The Company does not have representative offices in the Russian Federation and does not register clients from the Russian Federation.
Risk Warning: Trading financial instruments with leverage carries high risks and can result in both profits and losses. Potential losses are limited by the deposit amount. Before deciding to trade, the client should assess their risk tolerance, experience, and knowledge level.

Freshforex.com uses cookies for better website operation, traffic flow analysis, and personalization. By using this website you agree to our Cookie Policy.
User Data privacy is protected in accordance with GDPR. The SSL certificate installed on the website transfers the information over a secure protocol.
The site contains links to websites of third parties. The Company does not check or control the third-party resources that are in any way related to the FreshForex site, so the Company is not responsible for any third-party information or materials posted.
By creating a link to a third party website, the Company does not endorse or recommend any products or services offered by the third party.
The website content is intended for informational purposes only. It should not be regarded as an offer or solicitation to any person in any jurisdiction in which such an offer or solicitation is not authorized. It also should not be considered as an offer/solicitation to any person to whom it would be unlawful to make such an offer or solicitation, nor regarded as a recommendation to buy, sell or otherwise deal with any particular currency or any other trading asset investment. If you are not sure about your local trading regulations, please, leave this website immediately.

© 2004—2024 FreshForex – Forex broker
Reproduction of the contents is allowed only with active hyperlink to original source.

Weekly Analysis For Gold, Oil and Silver. | 16 Septiembre 2016

Bob Stan

Nuestros mejores premios: