Sat 11/18/2017 01:33 ET
DJIA23358.24100.120.43%SOLAR24.550.140.57%GOLD1294.3916.181.25%Shanghai3136.7734.501.10%
S&P 5002578.856.710.26%BANKS26.160.020.08%OIL56.611.472.60%Nikkei22420.08417.011.86%
NASDAQ6782.7910.170.15%SEMI103.251.621.57%US/EU1.180.000.11%Futures2576.258.750.34%
Welcome Stranger!  Please sign up or log in to enable additional features.Sign Up | Mail | Log In
Forum - Educational Resources   

Msg Top | Msg List | < Prev | Next > | Post New | Reply | Privately | Search
  
From: analyst75 (Rep: 0)Date: 09/02/2017 20:12
Forum: Educational Resources - Msg #125Thread #673949993 (Rec: 0)
Technical Reviews for Gold, Silver and Bitcoin (September 2017)

GOLD (XAUUSD)
Dominant Bias: Bullish
Gold trended smoothly upwards last month, reaching a low of 1251.28 and a high of 1325.75. On September 1, price made some bullish attempt, closing at 1324.89. The outlook on Gold is bullish for this month, owing to the Bullish Confirmation Pattern that is present in the market. Price is expected to gain at least 5,000 pips in September, as price journeys further northwards. There would be some corrections along the way, which would often be transitory.

SILVER (XAGUSD)
Dominant Bias: Bullish
Silver went bearish in the first few days of August, reaching the demand level at 16.1000. From that demand level, price went upwards, consolidating briefly and going further upwards. The outlook on Silver is bullish for this September, which has already started on a bullish note. This month, price could reach the supply levels at 18.0000, 18.5000 and ultimately, 19.0000. Normally, there would be some pauses and minor temporary corrections along the way.

BITCOIN (BTCUSD)
Dominant Bias: Bullish
Bitcoin gained over 200,000 pips in August, plus it moved further upwards on September 1, ending the day on a strong bullish note. The market tops at 4971.50 and then pulls back seriously (a minimum of 37,000 pips correction). The correction could continue for a few more trading days, but eventually price would rise again, regaining recent losses as it goes upwards, reaching the distribution territories at 4700.00, 4800.00 and 4900.00 (which were previously, and temporarily exceeded last week). Once the distribution territory at 4900.00 has been overcome again, price would then target other distribution territories at 5000.00, 5100.00 and 5200.00 in September. In spite of this expectation, there would be about two or three instances of strong pullbacks in September, which should not hold out long; for the overall movement would be bullish.


Source: www.tallinex.com

What would you like to do? Message: Endorse | Bookmark | Report AbuseUser analyst75: Reward | Watch | Ignore

Msg Top | Msg List | < Prev | Next > | Post New | Reply | Privately | Search
  

TheLion.com | About Us | Agreement & Disclaimer | Privacy | Twitter
© 1999- TheLion.com, Inc.