peterbokma

peterbokma

The pair feels likely wishing to move higher. We have positive indicators, but long periods are opposite, and likely will re-adjust themselves over time. Strategy BUY @ 1.1325-1.1355 and take profit near 1.1455 for now.

peterbokma

the pair looks as if it wishes to move lower, and ultimately it is expected to see levels below 162.00 again. Most indicators are currently negative, supporting further moves down. Strategy SELL @ 163.60-164.00 and take profit near 161.87.

peterbokma

The pair is oversold, and for those willing to go long for correction, the move upwards will be likely stalling near 18.4750 (double bottom area. In terms of the break and the GANN SQ it is likely better to sell into rally. Strategy SELL @ 18.4150-18.4450 and take profit near 18.2750 for now.

peterbokma Updated 

The USDX shows clearly we should be cautious in selling USD, and this applies across the board. Based on channel and the extreme case we are in, we can bounced back ttowards 101.20-101.70 area in the near term. Strategy BUY @ 97.80 - 98.20 and take proft in stages 1. @ 100.37 and 2. 101.57.

peterbokma

The push lower was slightly more than expected, but the 18.7400 refusal and GOLD stabilizing caused the sharper down turn. From here, and current pricing we are oversold, and we should see a pullback to 18.4850-18.5200 again, is my viewpoint. Strategy BUY @ 18.3500-18.3950 and take profit near 18.5025 for now.

peterbokma Updated 

The pair has touched 18.70s and considering the resistance 18.7400 and moving back sharply lower 18.60s, it feels we have started another attempt lower once again. Overall we are caught between a larger range, and short term movements are difficult to grasp. Strategy SELL @ 18.6000-18.6400 and take profit near 18.4750.

peterbokma Updated 

The pair is over extended short-term, and we have are observing a small reversing, and I feel we may approach the lower support area as seen in the past @ 1.3300 area. It is a short-term trade, so suggesting to keep stops tight. Strategy SELL @ 1.3385-1.3410 and take profit near 1.3300.

peterbokma

The pair is within a larger range, but viewing the current pattern, it feels we may be developing a "W" formation. The left side "W" part started where neckline 18.8900 is. The lower part of " W " support is 18.4800 area (double bottom), and from there we should be retouching 18.8900 in the near term. usually we will move lower after this right "W" side to roughly...

peterbokma

GOLD may have a possible S/H/S pattern, and neckline break was @ $ 3,290 area. This translates to a possible objective $ 3,030. The GANN SQ also shows potential for further weakness in the near-term. Strategy SELL @ $ 3,250-3,275 and take profit near $ 3,137 on first move down.

peterbokma

This pair is starting to look overbought, and topping at GANN resistance 104.82 area, provides a reasonable chance to see lower again. Likely we will see 103.15 support area being attracted. Strategy SELL @ 104.65-104.95 and take profit near 103.37 for now.

peterbokma Updated 

GOLD is under pressure and BUY strategy has petered out without damage. For now, I think we re-test $ 3,298 area and we should move towards $ 3,225 cloud support, is my humble opinion. Strategy SELL @ $ 3,300-3,330 and take profit ear $ 3,240 area.

peterbokma Updated 

The pair still has an overall downside bias, but short-term still have a chance to see slightly higher levels. The 18.6900 and 18.4700 area are to be respected for now. Strategy BUY @ 18.5100-18.5400 and take profit near 18.6875 for now.

peterbokma

It feels we are bit overextended. We have had a nice run up from $ 1,550 area and now we are on top side of the expected outcome short-term. The channel top is clearly observed and we have an overbought state, suggesting we should a move back towards $ 1,600 area. Strategy SELL @ $ 1,790-$ 1,825 and take profit near $ 1,625 for now.

peterbokma Updated 

The move lower was short lived, and now we have return to previous levels. I feel we may see higher levels now due to the fact indicators are positive turning upwards, and there is a chance to see $ 3,450 test again. Strategy BUY @ $ 3,310-3,330 and take profit near $ 3,417 for now.

peterbokma

Yesterday I underestimated the downside potential, and now we are below 18.5500 trend line, which does not bode well. However, we have a low RSI and other indicators, and even though pressure seems downward, I think we may have a change to recover to 18.7000 again. Strategy BUY @ 18.4750-18.5100 and take profit near 18.6875.

peterbokma

It feels we may be moving little higher. The volatility is low, making it more difficult to get the direction. However, stochastic is low and may turn, and for the rest slight pressure is seen. Strategy BUY (if wished for) @ 18.6750-18.7250 and take profit near 18.8750 for now.

peterbokma Updated 

The pair has moved a little lower yesterday, and has returned above 18.60s. The pressure is slightly upwards, but its not completely confirmed, since we have are moving slowly and not a solid move so far. Strategy BUY @ 18.6150-18.6550 and take profit near 18.8850 for now.

peterbokma

we have moved higher from where I felt it would, and now we are starting to be overbought slightly. One should be careful as the pressure it still upwards, but SELL is the better way now, I feel. Strategy SELL @ 18.8650 - 18.9150 and take profit near 18.6150-18.6350 area.