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

Gold, Silver, Oil Weekly Analysis | 01 Julho 2016

Gold Weekly Review

Gold, Silver, Oil Weekly Analysis

Weekly Review:
 
During the previous trading week ending 24th June 2016, gold markets rose considerable following Brexit and even hit our target $1320. The level $1320 is a key level and may protect the upper side, however, a clear break above this level will push the price further to the upper side. Though we expect a possible reversal from this level, following the massive upward move on Friday, we are very reluctant to go short, instead, we will be keen to look for potential buy positions during this week. This commodity should be traded alongside Silver, these two commodities have a strong positive correlation and will have a similar price action during this intraday

Trade recommendations:

Expect a rally to the upper side. Look for potential buy positions with an ideal target at 1383.

Silver Weekly Review

Gold, Silver, Oil Weekly Analysis

Weekly Review:
 
During the previous week ending 24th June 2016, silver markets traded massively long following Bretix. Although we still expect further movements to the upper side, we will only be keen buy this commodity if Gold is giving the same signal. Gold and silver have a strong positive correlation of up to +0.96 and will have a similar price action during this week. Ideally, gold drags silver with it. Any bullish movements in Gold will reflect similar bullish movement in silver.

Trade Recommendations:

Expect an acceleration to the upper side. Look for potential long positions with an ideal target at $18.74

Oil Weekly Review

Gold, Silver, Oil Weekly Analysis

Weekly Review:
 
During the previous week ending 24th June 2016, while Gold and silver reacted bullish to Brexit. Crude oil was affected negatively, the crude oil's price declined to the lows of $46.68 before retracing to the upper side. During this week, we still expect further movements to the lower side and may break below $43.13. Thus, during this week, we expect to pick more of sell orders but with an ideal target at $43.13.

Trade Recommendations:

Expect an acceleration to The lower side.

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 does not provide services in the following countries.
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.