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 | 10 Junho 2016

Gold weekly Review

Gold, Silver, Oil Weekly Analysis

Weekly Review:
 
During the previous week ending 3rd June 2016, instead of going short as previously forecasted, Gold markets retraced massively to the upper side following the NFP results but could not close above the upper resistive trend line forming top of the falling channel. Although we expect further rally to the upper side, we will only be keen to buy this commodity upon a clear break above  $1257. The anticipated long positions should have targets at $1279, $1292 and $1320. However, as long as the the upper resistive trend line protects the upper side, we expect a corrective rally to the lower side but should not go below the middle green supportive trendline. This commodity should be traded alongside Silver, these two commodities have a similar price action and will move in a similar direction during this week

Trade Recommendations:

As long as the pair trades below the upper resistive trend line, expect an rally to the lower side with a target along the middle supportive trend line. Buy positions are only recommended upon a clear break above $1257 with an ultimate target at $1320.

Silver weekly Review

Gold, Silver, Oil Weekly Analysis

Weekly Review:
 
During the previous trading week ending 3rd June 2016, silver traded short as previously forecasted but ended up forming a possible reversal  candle on the weekly chart during the NFP. Although we expect further movements to the upper side, we are waiting for a bullish confirmation candle to close above $16.53 to go long with our targets at 16.91, 17.28 and the next target at 17.79. This view remains valid as long as the pair trades above 15.84, a clear break below this this level (15.84) will lead to an acceleration to the lower side but should not go below 15.17. This commodity should be traded alongside Gold, Gold and silver have a strong positive correlation of up to +0.89 and will have a similar price action.

Trade Recommendations:

Expect movements to the upperside but should not go above the upper trendline. However, a clear break below 16.08 will mean looking for short positions with an ultimate target at 13.77.

Oil weekly Review

Gold, Silver, Oil Weekly Analysis

 

Weekly Review
 
During the previous week on 3rd June 2016, crude oil struggled below the resistance level 49.68 and ended up closing below it. During this week, we expect a corrective three wave cycle to the lower side with wave (a) ending along the lower supportive trend line. A break below this target will lead to acceleration to the lower side but should not go below 46.11. This view remains valid as long as the pair traded below 49.68, a break above this target will push the price to the upper side but should not go above 61.30.

Trade Recommendations

Expect an acceleration to the lower side during this week. Remain short with your target at along the lower supportive trendline and 45.65. Buy positions are only recommended above 49.68 with your target at 61.30.

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.