Watch the trend line to be break out or hold. Resistance 49.3 Support 47.5, 46.5 target 46.5, 45,43.5, 41
Go to long at 1263 as our previous plan:
In hour chart, seems like the W5 is coming to an end. Next week, wait for a retracement to buy(maybe 16.8 again)
It's a rebounce only. Long term still in bear.
Watch closly to short OIL @45.4-46 tg:41.5-39-37.3
Last time i shorted at 1.45 on Jan 21,for longer term plan, now i'm back, and ready to long.
The Wave 5 for Gold is moving in an expanding wage. To sell above 1300 and buy in a retracement (about 1263) is suitable.
now it is the 2nd long term plan for UASCAD. 1st long term plan, i shorted at 1.45, on Jan 21; now,i'm back again for another longer term,go to long now
long term bearish won't come to an end, TG:89-88
In one hour chart, AG has already break out triangle, try to buy from now on. Should the price fall below 16.8, close the positions and wait for further retracement .
Gold price hit the bottom of the bullish channel, and i'm preparing to long.
Pay attention to the retracement of Fibo 0.382, about 38.3, if got support here, it's possiblly to reach our long term tg: 46.
Wave 3 is the most powerful and longest usually, it's pointing to under 93. Let's wait and see!
In near future, will Gold move with ABCDE patterm or will go with a bullish bat patterm? 1227 is critical in this week. Before break down 1227, ABCDE patterm 60%, Bullish bat 40%.
Kindly wait for a retracement 16.5-16, to buy,next week
Be careful about a Bearish Butterfly is coming! My long term view is still long silver, so i abandon to short, just wait for the retracement to buy in next week. targeting at 15.9
See the chart, the bearish market has ended in the passed 4 years. A bullish bat was completed. The price is still on the floor, it's a time to buy. After breaking out the "Kijun sen", a middle or large Green Bar will appear in weekly chart. Mar.-Sep. is always pick season for silver, with industrial production picking up, have to favour silver, relative to gold...