tshembo

tshembo

price currently stuck in a triangle ...bias remain bear 160 pips potential gains

tshembo

yesterday we saw Gold complete its wave 3 bull run at 1325.20 zone .... the price havent hit 1325.20 yet.. but price might start falling due to profit taking .....1275.80 is my over bear take profit ... but will be CAUTIOUS as retracements might be tricky and choppy to trade ...

tshembo

1.14500 rejected... i see the 1.14020 zone being retested ... this will present the opportunity we have been waiting for to go long to 1.16200 and beyond.

tshembo

1291.80 zone was broken last week ...momentum followed through yesterday ... currently Gold is testing 1307.20 minor resistance which i believe it will reject to present an opportunity to retest the 1291.80 ...if does become support ..1325.20 will be my long target

tshembo

currently silver is again attempting to break the 15.780 zone ...which i believe psychologically it is broken ... but personally i will wait for the price to test 15.520 minor support and reject ...then i will be interested on going long to 16.400 zone target

tshembo

overall biars is long ... but currently brent crude oil is experiencing a pullback to 58.00 zone where i expect buyer to start stepping in....failure to respect this zone.. 55.00 support will be onsite as the trigger price .

tshembo

an engulfing candle at 1.13000 zone suggest the euro is ready for lift off ... 1.16400 is my overall target ..im expecting a small pullback to 1.13700 minor support ..which will present a perfect long entry .

tshembo

overall trend remain bull but currently a small retracement to 55.00 zone is our possible take profit ....it looks like an ABC correction

tshembo

my bias personally remain bearish ...1246.80 as the first take profit ..this can be a possible trend reversal .

tshembo

last week we saw silver battle to break pass the 15.600 zone .... but failed ,my take is this is a trend reversal ...14.900 zone is our first possible target patience played out here as the bear will be coming in with more volatility.

tshembo

stuck in a range / ascending wedge ... possible break to the down side

tshembo

after a rally to 50.80 price with brent crude oil, im expecting a retracement 63.30 first and then possible 68.30 might be reached ...

tshembo

back from the festives ... possible bears might come in to continue with the trend ....1212 zone first resistance .

tshembo

the current zone 15.600 is very critical ...a rejection from here 14.600 will be our next major target....but if broken 17.100 is on site as long term target.

tshembo

we still short with this currency pair from last week.... today we saw 1.13230 zone taken... i expect the price to retest and continue further down....1.12070 is our next minor support which i believe will be taken out with eazy.. but will see how the setup play out .

tshembo

the rally seems to be running for ever ...60.30 zone was taken out with eazy ... from now i will be cautious as we have hit the oversold marks...if this rally continues my overall target will be 53.70 zone... personally i don't see price closing below this zone before some pullback...price now is trading at our weekly wave 1 and we at the end of it...

tshembo

gold has been stubborn with buyers still holding their "since 2008" trendline .... but as said on last weeks technical, gold is dropping lower and lower ... today we saw 1216.30 zone being tested ... we currently trading wave 1(C) of our weekly wave 3....1200.70 is our next minor resistance which must be take out .... i expect the price to struggle approaching...

tshembo

Today silver broke its first minor resistance as expected from last weeks technicals ... i expect 14.230 zone to be tested n reject...then face the major resistance at 13.970 zone which has been very hard to break through ....personally i see this zone being taken out ...but we will see how the set up play out.