Gold Weekly Review
Wave Analysis:
During the previous week, Gold attempted a break below the level 1685.77 but ended up again above it. As long as the price remains above this zone, I expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of a bullish wave count and should see the price head straight towards 2067 and will continue much higher.
Trade Recommendations
We’re looking for low risk buy positions towards 2067.
Gazprom Weekly Outlook
Wave Analysis
Gazprom continues to rally below 203.15 and is still showing signs of continuing much lower. On this chart, I am looking for nothing but a possible momentum to the lowerside. The anticipated bearish price rally is an extension of the last impulsive wave (5) to the lowerside and will see the price break and close beyond 154.08 and will likely continue towards 89.20 or even lower.
Trade Recommendations:
We’re sellers towards 154.08.
DJI30 Weekly Review
Wave Analysis
After a bullish move during the earlier parts of last week, Dow hit the highs of 30300, but ended up pulling back almost 75%, this is a good retracement, and while the price remains below 29702, I am actually waiting for a clear breakout below 28989 to pick a possible long term sell position with an ideal target set at 28317, the anticipated bearish price rally is the continuation of the last impulsive wave (5) and should go beyond 27000.
Trade Recommendations:
Remain short towards 28317.
