Our 7th August short term cycle produced a cycle low at the inflection point of $1,680. Gold continues its momentum towards the target following the bounce from inflection. We have labelled the previous week as the “wait and watch” week in order to better understand the next move in gold and silver prices. The last week candle produced a wide range bar.
While the US dollar is trading at its resistance levels, it indicates that price swings in the forex and commodity markets prevail in the short term. Long term, we remain bearish on the US dollar and bullish on gold and silver, but short-term corrections could destroy investor’s expectations. This weekly report will focus on the technical analysis to find the next move in both metals.
To receive free updates, please register as free member.
Thank you for chatting with us !
Chat Again
7 Comments
Very quickly this website will be famous amid all
blogging and site-building visitors, due to it’s good content
Heya i’m for the first time here. I came across this board and
I find It really useful & it helped me out much. I hope to give something back and help others like you aided me.
I’m truly enjoying the design and layout of
your site. It’s a very easy on the eyes which makes it
much more enjoyable for me to come here and visit
more often. Did you hire out a designer to create your theme?
Superb work!
If some one needs to be updated with newest technologies then he must be pay a visit this
web page and be up to date daily.
Nice replies in return of this query with real arguments and describing the whole thing
about that.
This is a topic that is close to my heart…
Thank you! Exactly where are your contact details though?
Hi there to all, the contents existing at this web site are really remarkable for
people knowledge, well, keep up the good work fellows.