Gold Weekly Review
Wave Analysis
Few days ago, gold bounced off from the level 1902.32, however, the price is yet to make any significant move to the lowerside. As long as the price remains below the level 1902.3, we are sellers. The idea is to pick low risk sell positions expecting surge to the lowerside with an ideal target set around 1699.00 and may breakout much lower. On the flipside, should the price break above the level 1902.30, then further momentum to the upperside is expected with an ideal target set around 1950 and may extend much higher towards 2000.00.
Trade Recommendations:
We're sellers towards 1699.00
CAC40 weekly Review
Wave Analysis
During the previous week ending 11th of June, CAC40 rallied massively to the upperside and is still pretty much bullish both on the weekly and on the monthly charts. As long as the price remains above the red indicator line and the blue line, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (v) to the upperside and should break beyond 6714.00 towards 6800 and may extend much higher. On the flipside, should the price break below the blue line, then we will have to wait for a concrete sign that sellers are in control. Otherwise, we are sellers.
Trade Recommendations:
We're buyers towards 6800.00.
German Stock's Index Weekly Review
Wave Analysis
Last week, German stock's index gained value significantly and is still pretty much bullish. As it is on the weekly charts, we are buyers. The idea is to wait for pullbacks to pick a possible long term buy position expecting the price to ultimately break beyond 16046 towards 17000. As it is now on the weekly charts, only buy positions looks ideal and can be recommendations. A break below the lower cloud formation will mean we are waiting for a clear confirmation that we are sellers with this position, our target is set at 14447.0.
Trade Recommendations:
We're buyers towards 16067.00.
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