peterbokma

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.

peterbokma

Yesterday we went slightly higher, but we failed to push through. Today, the 3 hourly chart is starting to show negative influence, and I feel we have now greater chance to see $ 3,235 area in coming sessions. Strategy SELL @ $ 3,310-3,350 and take profit near $ 3,247 for now.

peterbokma

GOLD move sharply lower, but finding support slightly below $ 3,290 and established a littly higher again. Short-term we may see a move back towards $ 3,450-3,475 area agin before down. Strategy BUY @ $ 3,310-3,350 and take profit at $ 3,468.

peterbokma Updated 

GOLD has not had a decent correction as yet, and every day we are higher showi8ng market is hungry for it, however, it is very over extended, and it is for the careful leveraged trader to ensure we survive. I have been adding slowly with low leverage and it is good to be add further shorts to the existing positions at current levels. Just to add to the...

peterbokma

The pair has reached my preferred BUYING level and I feel due to USDX oversold status and also extremely overbought GOLD, this pair should benefit upwards strongly over time. Strategy BUY @ 18.6150-18.6650 and take profit near 18.9575 for now.

peterbokma Updated 

The pair has drifted lower as expected, but the volatility is low, hence we should not expect a very strong continuation of the move lower. Further, GOLD is overbought, and the pair could spike back easily when this correction commences. Strategy SELL @ 18.7750-18.8150 and take profit near 18.5575 for now.

peterbokma

The pair is very overextended and am feeling we should at least correction back towards 1.3200 area in the near term. The GANN SQ shows some heavier resistance, and we likely may move in the next quadrants over time to support area 1.3197. Strategy SELL @ 1.3400-1.3440 and take profit near 1.3217 for now.

peterbokma

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

GOLD has moved up sharply but it is. again above the channel, and this usually will not last. It needs to correct back towards mid-channel over time. The RSI is very overbought, but other indicators how still some upward pressure, however, I use the channel as my guidance for now. Strategy SELL or ADD SELL @ $ 3,375-3,415 and take profit near $ 3,257 for now...

peterbokma

Incorporating ZAR crosses makes sense on this occasion. We like to understand cross behavior, and especially ZAR is within a wider range, and using the combo whereby EURUSD is very overbought, the ZAR combo makes sense. i see a reasonable move/correction for this cross possible. Strategy SELL @ 21.10-21.75 and take profit near 20.67 for now.

peterbokma

The pair is overextended and strategically we should correct back towards 1.1037 at a minimum. the support is 1.0850 area, but think we will not see this so soon. Strategy SELL@ 1.1350-1.1410 and take profit near 1.1047 for now. note: keep leverage reasonable for averaging purposes.

peterbokma Updated 

GOLD still remains on upside, and we have clearly seen this. However, I believe we will see a reasonable correction in the near term based on the fact we are way above the channel, and secondly we are heavily overbought for sometime. Yes, I can understand the fear that markets have, but is it this founded at any level is something I wonder. Anyway, it provides an...

peterbokma Updated 

The pair has been undergoing some downward pressures, but my overall indicators seems still showing upside potential. I would be careful below 18.7500 though, as this may fill the gap 18.6000 and low again. Strategy is for now BUY @ 18.8250 - 18.8650 and take profit near 19.0450. I am not committed, except the run upwards before.

peterbokma

The pair has not moved higher from mid 18.80s and we are near a strong bottom, which is also a neckline for much lower lower levels, when broken. For now am considering SELL @ 18.7900-18.8400 and take profit near 18.5350 for now.

peterbokma

GOLD had little correction to a low of $ 3,283 area and climbed back $ 3,327 currently. this is typical market behavior and I suspect strongly, that we will move to trade below the channel top $ 3,179 and in fact the mid-range return is expected in the short term, i.e. somewhere $ 3,000s Strategy SELL $ 3,310-3,350 or ADD if short and take profit first $ 3,195...

peterbokma

The pair does show longer-term the possibility of moving towards 17.75 based on the s/h/s pattern we have. The key is the neckline, and as long we remain above this level, we still can have another go higher before lower again. Strategy SELL between 18.8200 - 19.0000 and take profit near 17.9350 for now.

peterbokma

The USDX is poised to correct, I feel. we are oversold, and it means we may be seeing a return back towards 101.50-101.75 area. this suggest all USD based currencies will correct one way or another. Strategy BUY @ 99.30-99.80 and take profit near 101.50.