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Gold, Silver, Oil Weekly Analysis

Gold, Silver, Oil Weekly Analysis | 01 January 2016

Gold Weekly Review:
Gold, Silver, Oil Weekly Analysis
Weekly Review:
During The previous week, Gold traded long for the better parts of the week but could not reach our target of $1159. During the cause of this week, we expect gold to continue long, but with ultimate take profits at $1159, and $1316.
If gold should move and close below the green supportive trend line, then we will no doubt be headed short for the better parts of the week as along as other commodities such as silver and oil remain bearish.

Trade Recommendations:

As long as the commodity trades above the green supportive trend line, look for long positions with ultimate target at 1316

Oil Weekly Review:

Gold, Silver, Oil Weekly Analysis

Weekly Review:
 
During the previous week, Oil bounced off from the lower green trend line and is currently trading just above it. Just as in other commodities such as Silver and Gold, as long as they trade above their supportive green trend lines(shown on this page), we will look for long positions with our target at 44.46 or even further to 59.72.
However, should the price cross and close below the green supportive trend line, then we will look for short positions as long as silver and gold also remains bearish

Trade Recommendations:
 

As long as Oil trades above the Green supportive trend line, look for long positions, with targets above 44.46

Silver Weekly Review:

Gold, Silver, Oil Weekly Analysis

Weekly Review:

During the previous week, Silver bounced off from the green supportive trend line, and is currently trading above it. As long as Silver trades above this bottom trend line forming part of the falling wedge, we will look for long positions with our targets above 15.01, or even further to 15.58.
However, should the commodity ends up closing below the green trend line, then we will opt for short positions for the better parts of the week.

Trade Recommendations:

As long as Silver trades above the green trend line, look for long positions with targets above 15.01

Bob Stan
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