Gold Weekly Review
Wave Analysis
Gold is currently trading with a bullish bias momentum. As long as the price remains above the zone 1801.41-1790.00, we expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (c) to the upperside and will see the price continue to rally upwards towards 1889.53 towards the next level. On the flipside a break below 1790.00, will push the price downwards.
Trade Recommendations:
We’re buyers towards 1900.
Dow Weekly Review
Wave Analysis
During the previous trading week, the Down rallied to the upperside and is still showing signs of continuing much higher. On this chart, I expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of the last impulsive wave (c) to the upperside and will see the price rally upwards towards 37167 and may breakout much higher. If you are on this chart, keep looking for long positions.
Trade Recommendations:
We’re buyers towards 37167.
HSI Weekly Review
Wave Analysis
During the previous trading week, The Hong Kong Stock’s Index maintained a bullish bias momentum and is not showing any signs of pulling back to the lowerside. On this chart, I expect nothing but a possible momentum to the upperside. The idea here is to keep looking for long term buy position towards 19610 and may see the price rally much higher. On this chart, we are strictly buyers towards 20000.
Trade recommendations:
Wait for a 50% fib retracement to pick a buy position.
