Thursday, February 26, 2015

Gold and Silver ready for a bounce?

Gold is probably ready to bounce from current levels towards 1240-1255.Daily RSI is currently at around 40 providing a support level from which gold can bounce towards RSI 60.For the following days we believe that gold will move in a trading range between 1190-1255$

Same picture for Silver.Probably it will move between 15,75-17,75$

Wednesday, February 11, 2015

Gold turning bearish again?

Gold fell below 1235-1245 support zone(now resistance).Last hope for bulls the ascending trendline from November 2014 and the weekly RSI support zone of 40-45.

Tuesday, February 3, 2015

Gold towards 1300-1340

If Gold manages to stay above 1230-1240 then a possible 5th wave can end at 1300-1340$

Sunday, February 1, 2015

Further USD strengthening versus EM currencies?

A textbook Head and Shoulders pattern with volume confirmation in Emerging markets local debt fund (ELD) suggests significant further strength for USD versus EM currencies (especially NE Asian currencies) and possibly further weakness for EM markets like EWM(Malaysia), EWS(Singapore), IDX(Indonesia)