Gold Weekly Review
XAUUSD is currently in an impulsive phase. The market is forming the impulsive major wave 'V'. As we can see from the chart above, the market has formed a bull flag, increasing the probability of this pair rising up to the estimated end of major wave 'V', which is at 2142.91. You can place a buy order now with your take profit set at 2142.91 and your stop loss at 1926.72. Use proper risk management.
Trade Recommendations:
We're short
Silver Weekly Review
XAGUSD is currently very bullish. The market is forming the impulsive major wave 'V'. As we can see from the chart above, the market has formed a bull flag, increasing the probability of this pair rising up to the estimated end of major wave 'V', which is at 2142.91. You can place a buy order now and set your stop loss at 23.866. For the take profit, consider the first target at 25.234 and the second target at 27.516. This is the farthest point we expect the major wave 'V' to reach.
Trade Recommendations:
Waiting for long positions
SPX500 Weekly Review
SP500 has completed forming the impulsive V major wave. Currently, the market is at major wave V at 4583.5. This pair has been very bullish for the last few weeks, but I expect it to turn bearish now. I anticipate the market to drop as it forms a corrective ABC pattern. The market is likely to decline, reaching at least 4155.6. Lastly, please note that this setup will be invalidated if the price breaks above 4603.3.
Trade Recommendations:
We're looking for sell positions
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