Gold Weekly Review
Wave Analysis:
Gold continues to rally below the level 1756.85. As long as the price remains below the level 1756.85, we expect nothing but a possible momentum to the lowerside. The anticipated bearish price rally is the continuation of the last impulsive wave (c) to the lowerside and may see the price rally to the lowerside with the next ideal target set at 1721.70 and may see the price continue towards 1674.83.
Trade Recommendations:
We're sellers towards 1710.18.
HSI Weekly Review
Wave Analysis
During the previous trading week, the Hong Kong Stock's Index bounced off from the level 18563.8 and is currently heading to the lowerside. As it is right now, I am looking at nothing but a possible momentum to the lowerside. The idea on this chart is to keep looking for low risk sell position towards 14954.9 and may push thee price much lower. On this chart, keep looking for long term sell positions. On the flipside, should the price break and close above 18563.5, then we will be looking for a possible long term buy order towards 21398.5.
Trade Recommendations:
We're Sellers towards 14954.9
Dow Jones Weekly Review
Wave Analysis:
During the previous trading day, the Dow rallied to the upperside and is still showing signs of continuing to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (c) to the upperside and will see the price rally upwards towards 35545 and will likely extend much higher towards 37029 and may breakout much higher. On the flipside, should the price break and close below 34195, then this will be a good place to consider a possible long term sell position towards 32836, and may breakout much lower.
Trade Recommendations:
We're buyers towards 35545.
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