The short-term and medium-term charts shows overbought status, and even though we cannot predict how high something will go before correction, overall it is clear we will correct and I feel we may see re-test $ 2,100 coming weeks, or thereabouts. Strategy SELL or ADD @ $ 2,300 - 2,340 and place SL now for safety reasons @ $ 2,385. Profit order @ $ 2,127.
I feel the decline is somewhat overdone, and stochastic is lower levels and turning. I suspect we will see a test of $ 3,450 again short-term. Strategy BUY @ 3,180,3,205 and take profit @ 3,435 and place SL below $ 3,150 for now.
Yesterday, I felt technically we could see much lower levels, but since we have hardly managed to move lower in any form of speed, concerns me. The stochastic is negative, and we have broken support levels, but one support 18.7000 area should act as strong now. this means the miles from 18.8500 to 18.7000 is not much, and currently we hoover around 18.7900 -...
GOLD may move little higher at first and maybe we touch $ 2,300 briefly. However in terms of positioning, I prefer SELL. Strategy SELL @ $ 2,285 - 2,305 and place SL above $ 2,347 and take profit @ $ 2,157 for now.
sorry, was busy with few other things, and expected a higher USDZAR yesterday, but now think this move higher has opened the way to test 18.6150 I feel. Stochastic turning, GOLD still high, and as long as it remains high, pressure is downside for the pair. Strategy SELL @ 18.8150-18.8650 and place SL above 18.9850. Profit order @ 18.5575 for now.
No change in view. The share price is likely to decline uniform with crypto corrections that may be severe in nature, is my personal view here. We got lots of topping candles, high RSI (and negative divergence as well). We should move lower to test 216.00 again. Strategy SELL @ $ 260-290 and place SL above $ 327 and take profit @ 220, and after consolidation en...
It appears to stay behind the others in terms of correction. Excellent opportunity seeing hammers, doji's etc and above Keltner, suggest a decline is likely, is my personal view. we have negative divergence as well with much lower highs and higher highs now with lower high RSI. The GANN lines also suggest we will correct. Strategy SELL current @ $ 190-200 and...
The pair will likely move further south on the back of strong GOLD price levels. We have triple TOP for the pair 19.15-19.20 etc. and we broke through neckline 18.90s. Now we are trying to move beyond 18.7900 support and if given way, would expect a steep decline 18.6350 area. However, observe stochastic levels as they might be overdone at the time we have moved...
The pair has indeed moved higher as I felt would be the case. and slightly stopped before the profit level of 19.1150, but near and good enough above 19.1000 exiting. Now we have moved lower on GOLD price increase, even I felt it would move lower first. This still may be the case. Strategy SELL @ 18.9650-19.0100 and place SL above 19.0350 and take profit @...
When we moved lower, I thought am wrong, but the SL 18.8350 has not been violated. The market is side ways for the pair, but think considering GOLD think we have a chnce first to see higher levels. Strategy BY @ 18.8650-18.8900 and place SL below 18.8125 now and take profit @ 19.1150.
No change in view. The share is overbought quite a bit, and also it shows clearly negative divergence. The candle stick patterns suggest topping patterns and we are supported by first GANN @ 225 area and thereafter 156.00. I feel we should see lower levels. and knowing full well how crypto's can move, it is fair to say we could reach $ 155-175 for...
GOLD looks softer and we have a negative stochastic currently. The support line is @ 2,170 and when broken will see lower levels again. Strategy SELL @ $ 2,170-2,190 and take profit @ 2,115. SL I feel maybe above $ 2,205.
Even though the pair may descend later again, the current state is attempting higher levels. I feel we may see 19.10-19.15 area before we will see lower levels. I would prefer with a positive stochastic, and also the room we have higher, to BUY instead. Strategy BUY @ 18.9650-19.0000 and place SL below 18.8350 and take profit @ 19.1250 for now.
The pair is poised to move further south. The stochastic remains negative, and we have retreated from the GANN resistances as shown on the chart. Strategy SELL @ 18.8850 -18.9150 and place SL above 19.0500 and take profit @ 18.7350 for now.
No change in view. The share is heavily overbought, and the current topping candle patterns, and high RSI plus extremely high pricing above Keltner, plus the angle towards GANN resistances, suggest we will see movement back towards $ 143.00 GANN support. this of course is sloping each weekly little higher. Strategy SELL @ $ 255.00 - 275.00 and place SL above $...
We may move little lower near 163.00 before we will move higher again. The stochastic is low, but still may have some further to go, and the GANN support only lies around 162.67, which will attract likely the sellers. Strategy BUY @ 163.07-163.40 and p;ace SL below 162.47 for now. Profit order place it near 164.97.
I suspect we may see lower levels again, as we are reaching high GANN levels again. GOLD is likely to recover due to the expected move higher of crypto's short-term. After all, they all had a steep fall. Strategy SELL @ 18.9950-19.0350 and place SL above 19.1250 (give it room) and take profit @ 18.7150 for now.
It should be expected to have the occasional pullback. It has been a rough ride down, and shocked many that has been caught in the "bull hype". The mode lower by more than $ 800-900 was severe, and now I expect a range trade between $ 3,150 - 3,650 Ultimately we should see lower, and therefore would prefer SELL into rallies. Strategy SELL @ $ 3,500-3,550 and...