Looking at this from the low at 124.786 to swing high at 148.459 and then using a standard 50% Fib retracement at 136.613, fits in with the current support level at 136.453.
We have 5 straight days with green candles then this is looking good for my new updated target to reach the 1.236 fib level at 151.275 which ...
16th January 2017
Here's another update with revised levels and targets.
Have drawn in the red sloping line, i am looking for price to stay within this line, with a push below the blue dashed line at $ 50.90 should give direction.
Then a push below the green dashed line at $ 50 should give confirmation of the ...
Awaiting confirmation before entering long from the 1207 level. we may get a retracement back to the 50% area, if so then this would be a good entry point, which would be in the area of $ 1,165.0
Gold updated with end targets at $ 1,415 & $ 1,436 levels
Short setting up, looking for entry at 53.90 with a 50% re-tracement back to the 40.70 possibly lower to 37.70.
At these points i would look at opening up long positions with target to previous high at 62.58
Gold is now at the $1,200 resistance level, it may go a bit further but i'm out of the trade right now, as we may see a pullback of 50% = $40-$42, or back to the $1165.
Just a wait and see for me right now.
I am long silver right now, looking for push through the $17.30 level within the next few days, should it hold then we may get some additional follow through to the upside, targeting 18.40. 18.90. 20.00. 21.00. key area to get through would be 26.90 longer term.
14/01/2017.The week ahead.
Given talk of weaker $ especially leading into Friday and that support has held at the 1.045 level, i'm looking for a stronger euro this week, target 1.0890 level up to the 1.0950
I am currently looking for a long entry position, but will wait to see if it can close above the 141.565 on 2 consecutive days.
I had earlier looked for a retracement back to the 149.500 - 149.600.
I have since been reviewing the chart using the M; W; D; 4H; 1H, and just noticed that we ...
See chart comment box
Long from here and then should we get to target for key reversal.
So currently long the 149.500 - 149.600
Short order positions held at 149.500 and 149.600, then to the downside
See chart. Long just now, but short when it enters my 2nd area target zone of 1.0750 - 1.0850
Looking for a pull-back to areas shown on chart, then as we move through the month of December a downward movement to near parity/parity.
New trade taken yesterday, i'm currently on the long side on the EUR-USD, in at the 10520 area with initial target at 10650, shall we see a turn around for the Euro (short term rally if it breaks above the 10650?).
Here's my take on this- initial target reached earlier, i'm now short and looking for a pull-back to the 0.382/0.5 re-tracement lines. Looking for this to find support at the 1386, if that holds then next upward movement should continue.
See chart comments.
I closed off my short this morning at 13740 from the high at 13860, have now went long again at 13747 and looking for interday price of 13810 with a few days target at 13930. Stop loss is at 13721
Now at resistance = blue dashed line, have exited my long from 131 at 138.86, now i'll wait and see over the next few days it's close.
I'm now looking for a pull-back to the 132.5 area, possibly lower to the 130./129.5 area and i will start to scale in with a new long positions at the 132.5 and lower as per the ...
Currently long with target at 1310, would look to start scaling in on short position at this same 1310 level, but will need to have a wait and see approach given the US election.
If Trump gets in then gold will no doubt spike, and the reverse of that, if Clinton gets in it will no doubt drop.
I'm currently short ...
Looking at this area for a possible short entry-
between 51.0 & 51.5. with target at 44.6; 40.0.
That said the $ is looking strong and this might continue and push oil above the 51.5, if it does then wait and see approach.