Comece
a negociar

Principal >
Analytics
>
Fresh forecast
>
Ondas de Elliott para análise da correlação de Forex
>
Gold, Silver, Oil Weekly Analysis

Gold, Silver, Oil Weekly Analysis | 25 Marcha 2016

 

Gold weekly Review:

Gold, Silver, Oil Weekly Analysis

Weekly Review:

During the previous trading week ending 18th March 2016, Gold markets broke above the upper resistive trend line but ended up closing below it, thereby giving us a possible reversal candle. The commodity had sharp upswings and sharp downswings thereby ending in an indecision weekly candle. During this week, we anticipate downward rally towards $1224 as long as the commodity trades below the thick upper resistive trend line.  A clear breakout above this trend line will call for long positions with an ultimate target at $1278. Since we expect this week's movements to favour bears, we will therefore be looking for short positions with our targets at $1231, $1198 and $1187. Ideally, we expect to start the anticipated three wave cycle with wave (a) ending along the middle trendline.

Trade Recommendations:
 
Expect downward rally towards $1187. You should however have your targets at  $1231, $1198 and ultimately at $1187. A clear breakout above $1271 will call for long positions with an ultimate target at $1294.

Silver  weekly Review:
 Gold, Silver, Oil Weekly Analysis
Weekly Review:
 
During the previous trading week ending 18th March 2016, Silver markets traded perfectly long but could not close above the pivot level $15.78. The last week's weekly candle is pretty much bullish and will likely drive the market further up to resistant level $16.33. Further to this, the intraday stochastic is trading above its neutrality level of 50 and will likely continue long with an ultimate target at the 80th level from where we expect it to rebound from.The level $16.33 is a strong supply level and will likely reverse the anticipated upward rally. Thus during this week, we will be keen to look for long positions on the silver markets but with our targets at $15.90, $16.10 and $16.34. Only a clear close below $15.54 will invalidated the anticipated upward rally. In fact, a break below $15.54 will mean we are headed short with our target at $14.66.
 
Trade Recommendations:
 
Expect an upward ally towards $16.34. A break above $15.90 will be bullish confirmation pattern, thus in case of a clear close above $15.90, look further long positions with your targets at $16.10 and ultimately at $16.34.  Only a clear close below $15.54 will mean looking for short positions with our target at $14.66.
Oil weekly Review:
Gold, Silver, Oil Weekly Analysis
 
Weekly Review:
 
During the previous trading week ending 18th March 2016, oil markets traded perfectly long as previously forecasted but is yet to reach our anticipated target of $47.03. During this week, we still anticipate further movements to towards the upper trendline for wave (4) to end along this trend line at $47.03. Thus, during this week, we will look for long positions with our targets at $41.94, $44.83, and ultimately at $47.03. Only a clear close below $38.00 will reverse this view and drive the market further to $33.93 or even low to $26.25.
 
Trade Recommendations:
 
Expect a bullish continuation pattern. The anticipate upward rally should have targets at   $41.94, $44.83, and ultimately at $47.03. Only a clear breakout below $38.00 will mean we are headed shot with our target at $33.93. A breakout below this level will mean we are headed further short with our next ideal target at $26.25
 

 

Bob Stan
Agree with the review?
Traders' opinion:

Close
Entrar

Mostrar senha

Ocultar senha

 Esqueceu a senha?
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.

Nossos melhores prêmios:

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.