Downtrend scenario: Downtrend from resistance level 1255 - 1258 til support level 1243 and this downtrend may be expected to continue as long as trading below resistance level 1258. Uptrend scenario: An uptrend will start as long as the market above resistance level 1258, which will be followed by a move up to resistance level 1263 - 1268.
GBPUSD idea 1) 3 cycles with a possible fly 2) According to FIB 1.2449 is possible 3) Keep an eye on the down trend
EURUSD 1.04152 is the next Target based on FIB 0.236
Still Gold up and down within the channel, that can easily help in predicting the price
If Gold breaks this area (1244/1250) will continue smoothly to 1320 (0.786 FIB) else may return back to (1220/1210) area
I expected the lowest price area more than 2 months back based on historical records to be 1122 area and it succeeded, so if I use the same approach (Historical records) so the max. price area this year 2017 may be 1430/1460 area (Scenario 1), Scenario 2 which is based on Technical Analysis will publish it soon
Silver and Short for possible landing area 15.500/15.000, till mid of December 2016
Good Chance to go Long if the EUR closed above the 1.07988 Resistance Line
1- The current Scenario is very Negative for Gold 2- Currently the Gold is Rectifying 3- Landing Area could be 1130/1120 then Long to 1445/1450 Area, this is Based on Numerical Analysis (Historical Records) 4- 2nd Scenario Based on Technical Analysis (as the book), the Landing Area 1100/1080, then Long from this area 5- We may see a Double Top at the 1200/1170...
Short till 2nd Week of December 2016 (Blue Rectangle is the landing area then Long till Mid of 2017 to 1445/1450 Area
It may go down to FIB 0.382 @1163 then strong Bullish or may down to the Res. 1142 then strong Bullish