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 | 17 Junho 2016

Gold Weekly review:

Gold, Silver, Oil Weekly Analysis

Weekly Review:
 
During the previous trading day ending 10th June 2016, Gold markets traded long and even broke above the upper resistive trend line forming top of the falling channel. This commodity is still pretty much bullish and may head further to the upper side during this week. Thus, during this trading week, we will be keen to look for long positions with your targets at $1293 and $1320. This commodity should be traded alongside Silver, these two commodities have a strong positive correlation of up to +0.95 and will have a similar price action during this intraday.

Trade Recommedations:

Expect an upward rally towards $1320. During this week, look for potential long positions with an ultimate target at $1293.

Silver Weekly review:

Gold, Silver, Oil Weekly Analysis

Weekly Review:
 
During the previous trading week ending on 10th June 2016, Silver retraced higher than expected and is still pretty much bullish.  During this week, we expect further movements to the upper side but should not close above the upper resistive trend line forming top of the falling channel. Ideally, we expect the price to rebound from the upper trend line for us to continue with wave (5) to the lower side. This commodity should be traded alongside, Gold and Silver are strongly positively correlated and will have a similar price action during this week. Ideally, Gold drags Silver along with it. Only buy sell Silver if Gold is giving the same signal.
 
Trade Recommendation:

Expect a rally to the upper side. Remain long with you targets at 17.77 and 18.74.

Oil Weekly review:

Gold, Silver, Oil Weekly Analysis

Weekly Review:
 
During the previous week ending 10th June 2016, wave (5) went a bit higher than expected but could not close above 51.75. We expect the current downward rally to be the unfolding of a three wave corrective cycle with wave (a) ending at 48.53 and may go below the supportive trend line towards 45.65. Thus, later this week, we will be keen to look for potential reversal to the upper side to start a corrective inner wave (b) to the upper side.  However, in case the pair break below the supportive trend line, then wave (a) may go lower than expected but should not close below 45.65.

Trade Recommendations:

Wait for a clear break below 48.53 then go short with your target 45.65. A clear rebound from this level will lead to an acceleration to the upper side with an ideal target at 51.75.

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.