Silver Weekly Review
Wave Analysis
Late last week, Silver rallied to the upperside and is now above the upper trendline. As long as the price remains above this trendline, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of an impulsive wave count and should breakout above 28.744 towards 30.00 and may extend much higher. On the flip side, should the price break below the lower trendline, then we may be in a good sell position expecting a break below 26.280.
Trade Recommendations:
We're buyers towards 28.744.
Gold Weekly review
Wave Analysis
Few days ago, gold markets rallied to the upperside and is now above the level 1877.29. As long as we're held above this level, we are looking for a possible long term buy position with an ideal target set at 1959.01. A breakout above this level will push the price much higher with the next ideal target set at 2025.60. On the flipside, a break below 1877.29 will mean we are continuing to the lowerside with the next ideal target set around 1798.75 and the next target set at 1730.50.
Trade Recommendations:
We're upwards towards 1959.01.
HSI Weekly Review
Wave Analysis
HSI is currently above the upper trendline. As long as the price remains above the upper trendline, we expect nothing but a possible momentum to the upperside. While we continue to see sustain above this trendline we're waiting for a clear breakout above 29393.0 to pick a possible long term buy position with an ideal target set at 31094.3. A break above this level will push the price much higher with an ideal set at 32000.00 and may extend much . As it is now, we don't recommend sell positions.
Trade Recommendations:
Wait and buy a break above 293936.0 with your target at 31094.3
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