The pair likely will maintain a wide range between 18.1250 - 18.4850 area for coming week, I feel. the stochastic is low and looks like we may turn a bit, which means short-term we may see a move back towards 18.3950. the over all picture is we may see move lower as long we remain below 18.4950 area. 1. Strategy BUY @ 18.2150-18.2500 and take profit @ 18.3875 2....
The pair has srong resistance @ 18.7250 area, and I feel we may see a sharp move towards 10.3500 area in coming days/week. Strategy SELL current levels @ 1-6350-10.6700 and take profit first @ 10.4850 for now SL above 10.7750.
The previous day worked out well, and was close to profit objective. Now we have declined sharply from those highs, and we are now nearing support 18.2950. the stochastic is negative, and the chances of breakdown are great, supported by the indicators and the news of a coalition that is supportive for ZAR. Strategy SELL @ 18.3150-18.3500 and place SL above...
I have under estimated the move down to be much further, but it does not change my overall strategic view of the pair. the stochastic remains low, and we have executed our SL in the 18.4350 area, and now we aim to buy lower down again. We will see recovery for the coming sessions is my personal view. the daily chart worked well, but got out to early. Strategy...
The pair is oversold, and we should expect pull back from here. Stochastic is low, and RSI shows clearly oversold status. Strategy BUY @ 0.8425-0.8430 and take profit @ 0.8685 initially. SL maybe below 0.8375.
Te daily chart did well, and profit taken. The 4-hourly suggestion went beyond the 18.6150 and we have broken below GANN levels as well. Under normal circumstances, I would suggest selling now, but since stochastic LOW and also being below regression channel, a pullback usually takes place. GOLD seems to recover higher is my view, but since the pair already...
Of course, each time frame has its own analysis, and farther away objectives. the daily chart is SELL strategy, but the 4-hourly has BUY potential. Strategy BUY @ 18.7150-18.7500 for a profit objective to 18.9150 again. SL below 18.6150 for now.
The pair has reached close enough the 2-hourly chart objective, and after reaching 18.9200 area, we move lower sharply to low 18.70s. This price action is likely the forming of a larger move lower. The stochastic is near negative, and GANN-wise, we have potential to reach 18.60s in the week to come or sooner, is my personal opinion. Strategy SELL 18.7800-18.8300...
Looking at the short-term time frames, it appears we may see a move back to test 18.9500-19.0000 again. Stochastic is positive, and GOLD lower, therefore a higher probability for moving back up again. Strategy BUY @ 18.8000-18.8350 and place SL below 18.6850 and take profit @ 18.9475.
It feels we will see lower levels again, stochastic negative, and also some type of falls bull flag pattern as well. Strategy SELL @ 75.25-75.75 and take profit @ 72.25 for now SL around 76.90.
The pair is slowly breaking upwards, and especially we have violated GANN resistance, hence we should move towards 10.7550 area over time. Strategy BUY @ 10.5450-10.5800 and place SL below 10.4750 and profit @ 10.7150 for now.
For the coning sessions, GOLD may move higher attempting $ 2,450 area, before it will move south to correct going back towards $ 2,150. so initially BUY signal and thereafter we go SELL again. Strategy BUY @ $ 2,335-2,365 area and place SL below $ 2,295. Profit order @ $ 2,490 for now.
It feels more confirmed for a down move from here. We attempted higher, and also the increase of precious metal prices, should support this view for the coming sessions. Strategy SELL @ 18.9150-18.9850 and SL around 19.0750. Profit order @ 18.6350 for now.
The pair starts showing a possible decline again, supported by other indicators suggesting move south again. Strategy SELL @ 18.8875-18.9500 and place SL above 19.0750 for now. Profit order suggested above 18.6575.
The pair seems poised moving south, and corrective action towards 1.4765 area possible. Strategy SELL current @ 1.4870-1.4890 and take profit @ 1.4785 for now. SL above 1.4927.
The pair may attempt higher levels before SELL strategy is suggested. I feel we have positive movement for coming sessions, even though it feels neutral range. It depends to risk appetite, and personally would remain neutral, but with BUYING bias. Strategy BUY @ 18.6075 - 18.6350 and place SL below 18.5350 and take profit @ 18.8875.
We have reached our objective lower, and we have respected the GANN support currently near 18.4500, and move higher from there. It feels we range trade for some sessions, before we ultimately move back lower. Strategy BUY @ 18.4750-18.5200 and place SL below 18.4150 and take profit near 18.7150.
Etherium is to high for my liking. It has recovered from the lows, and moved sharply higher driven by wales, and rather sharks :) anyway, joking aside. we have recovered based on GANN principles and I feel we will see re-test $ 3,050 area near term. the stochastic is negative and we are well protected above $ 4,000.00 Strategy SELL @ 3,8900-3,875 and place SL...