Sell gold @ 1347.00, SL above 1353.00 TP1 - 1265.00 TP2 - 1205.00
Producers and manufacturers are highly short gold. That means, buyers are getting ready to buy. Buy gold @1305.00 next week, SL 1300.00. Take profit @ 1405.00.
Gold is in cycle wave (II) correction. Sell gold @ 1341.00 and take profit @ 1302.00. The wave (II) will be ended @ 1301.00 which is the 50% correction of cycle wave (I).
USD-CAD is in uptrend and the wave C target is 1.3400 area. Good to buy this pair @ 1.2595 in the coming week.
One more dip to 1225-1230 area will completes the down move on rate decision. Upcoming bull move initially brings the price to 1400. December close above 1270 will confirm this view.
The measured target is 0.7380. Breaks and daily closes below 0.7690 confirms the down move.
Buy gold @1270.00, Take profit @ 1293.00. Sell at 1293.00, take profit @ 1256.00.
Primary wave 1 of the cycle wave is a leading diagonal and is about to complete. 54.60-54.90 is the resistance. The major support is at 50.00, but, if 50.00 cannot hold, 47.00-48.50 area is the support and you never see any crude oil price below 50.00 ever again.
Wave 5 of "C" brings the price to 1.2360 area which completes the correction and then, heads down to below parity.
Buy @ 0.7750, take profit @ 0.7910. Sell again @ 0.7915, take profit @ 0.7610. Good luck!!!
Gold poked above the monthly pivot and the ABC correction is in progress. The support is @ 1278.40. Breaks above 1304.00 confirms the up trend and the target is 1332.00.
See the notes on the chart and trade accordingly.
This is NOT a recommendation, just an idea. Watch for those levels (51.94 and 48.25)
The wave 4 correction is in progress and will be completed soon in this week. Target for the wave 5 is 53.50. Always use SL to manage the risk.