comienzo
comercio

Principal >
Datos analíticos de Forex
>
Pronóstico Fresco
>
Elliott waves for Forex correlation analysis
>
Gold, Silver, Oil Weekly Analysis

Gold, Silver, Oil Weekly Analysis | 22 Julio 2016

Gold Weekly Review
 
Gold, Silver, Oil Weekly Analysis
Weekly Review
 
During the previous week ending 15th July 2016, Gold markets retraced to the lower side and even hit our target support level $1320, we expect to continue to the upper side as long as the level $1320 protects the lower side. A clear breakout below this support level will culminate into a possible bearish price rally towards $1248 or even lower to 1056.The current upward momentum is the continuation of wave (c) towards $1434. Gold should be traded alongside Silver. Gold is the leading commodity amongst these two commodities.

Trade Recommendations:

As long as the level $1320 protects the lower side, expect a bullish price rally towards $1434. A clear breakout below $1320 will call for short orders with an ideal target at $1248.

Silver Weekly Review:
Gold, Silver, Oil Weekly Analysis
Weekly Review
 
During the previous trading day ending 15th July 2016, silver markets traded with a neutral bias to the either sides of the market (bulls and bears) but ended up forming a near indecision candle on the weekly chart. Although we expect to continue long, we will only be keen to execute buy orders if gold is giving the same signal. The anticipated upward rally should be the continuation of the three wave cycle with wave (c) ending around $21.78. This view remains valid as long as the pair trades above 19.43, a break below this level will invalidate the anticipated upward rally.

Trade Recommendations:

Expect a possible bullish price movements towards $21.78 or even higher to $23.93.

Oil Weekly Review

Gold, Silver, Oil Weekly Analysis

Weekly Review
 
During the previous trading week ending 15th July 2016, wave (c) traded short as previously forecasted but is yet to reach our target support level $41.65. The current upward rally is a mere pullback and should not go beyond $46.60, where we'll be looking to continue short with wave (c) to an ultimate target at $41.65. This view remains valid as long as the level $46.60 protects the upper side. A break above this level will lead to a possible momentum to the upper side but should not go above $49.68.

Trade Recommendation:

Expect a possible reversal from $46.60 to go short with an ideal target at $42.21.Buy orders are only ideal above $46.60 with an ideal target at $49.68.

 

 
Bob Stan
¿De acuerdo con la revisión?
Opinión de los comerciantes:

Close
Iniciar sesión

Mostrar contraseña

Ocultar contraseña

 ¿Se te olvidó tu contraseña?
Su navegador no admite cookies. Si la cookie está desactivada en su navegador de Internet, es posible que tenga problemas con la representación del área Personal. Cómo habilitar el soporte para cookies.

Nuestros mejores premios:

FreshForex is a brand that provides access to online trading for clients from more than 158 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.