เริ่มเทรด

Main >
Analytics
>
Fresh forecast
>
การวิเคราะห์อีเลียตเวฟ
>
Gold, Oil, Silver Weekly Analysis

Gold, Oil, Silver Weekly Analysis | 11 December 2015

Gold weekly Review:

Gold, Oil, Silver Weekly Analysis

Weekly Review:
 
During the previous week ending 4th December 2015, Gold markets traded within the downward channel until the last trading day, on Friday that it successful broke above the upper trend line forming the channel. Following this upward thrush, we are very reluctant to go short, instead, we choose to remain long with targets along the 38.2 fib level or even further up to 50.0 Fib level. In an alternative scenario, should gold head short and end up closing below 23.6 fib level, then we expect the downward movement to continue but with an ultimate stop along the green, now supportive trend line. This trend line should present a major challenge to the gold markets since this diagonal trend line is of significant from the past trading week. ideally, we expect gold to trade on the higher ranges above this trend line during the course of this week.

Trade Recommendation:

Remain long with targets along the 38.2 fib level or even further up to 50.0 Fib level. In case the price cross below 23.6 Fib level, then go short which should target the lower trend line.

Oil weekly Review:

Gold, Oil, Silver Weekly Analysis

Weekly Review:
 
During the previous trading week, Crude oil markets traded short for the better parts of the week but could not close below the green trendline forming bottom of the falling wedge. During the course of this week, we expect Oil markets to trade with the 1084 pip range, not going above 48.42, and below 37.65. Ideally, we still waiting for  a continuation of the falling wedge formation. Any clear movements above the red trenline will call for further movements towards the upper side with ultimate target at 48.42, and any clear movements below 37.65 will call for further short positions with ultimate target at 37.65.

Trade Recommendations:

Sell below the green trend line with target at 37.65, and buy above the red trend line with target at 48.42

Silver weekly Review:
Gold, Oil, Silver Weekly Analysis
Weekly Review:
 
During the previous trading week ending 4th December 2015, Silver markets traded short within the downward channel, but ended up closing above on the last trading Day, Friday.  Silver markets went long and even crossed the 23.6 Fib level, but could not hit a major daily resistant level 15.089. Following the this massive upward movements, we are reluctant to go short, in stead, we will remain long with targets along 38.2 fib level, or even further to 50.0fib level, ideally, just as is Gold, we expect silver to trade in the higher ranges during this week ending 11th December 2015 with an ultimate target at 16.32.

Trade Recommendations:

Remain long with targets along 38.2 fib level, or even further to 50.0 fib level. This view can only be challenged should the price move down and end up closing below the upper trend line forming the downward channel.

 

Bob Stan
Agree with the review?
Traders' opinion:

Close
ปูมบันทึกอยู่ใน

แสดงรหัสผ่าน

ซ่อนรหัสผ่าน

 ลืมรหัสผ่าน?
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .

รางวัลที่ดีที่สุดของเรา:

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.