Silver Weekly Review
Wave Analysis
After breaking below 17.410-17.508, silver pulled back to the same zone but could break again above it, as long as the price remains below this zone, we expect we expect nothing but a possible momentum to the lower side, the anticipated bearish price rally is the continuation of the impulsive wave (c) and should break below 16.425 towards 15.00 or even lower. This view can only be invalidated in case the price breaks and closes above 17.508, if this is the case, then a momentum to the upper side is expected.
Trade Recommendations:
Sell a break below 16.425 towards 15.00.
Gold weekly Review
Wave Analysis
Gold is currently heading to the upper side. As long as the price is held above the alligator trend indicator, I expect nothing but a possible momentum to the upper side and should break above 1710.20. The anticipated bullish price rally is the continuation of the impulsive wave (v) and should break above 1710.20 towards 1801.00 or even higher. As it is now, we choose to remain on the sidelines alternatively, we are looking for low risk buy positions towards 1800.0.
Trade Recommendations:
Remain long towards 1800.00.
ASX weekly Review
Wave Analysis
The Australian index is current in an active downtrend. While the price is held below the alligator trend indicator, we expect nothing but a possible momentum to the lower side, the anticipated bearish price rally is the continuation of the impulsive wave (v) to the lower side and should break below 5584.5 towards 5400.00 or even lower. If you are looking at this chart, I recommend you look for long term sell orders towards 5000.00 and could break mush lower.
Trade Recommendations:
Remains short
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