peterbokma

peterbokma

The pair is slightly moving higher and so far it is still positive. the pair is slightly overbought, and suspect we may see lower levels incoming sessions. Strategy SELL. @ 165.50-165.85 and take profit near 164.37 for now.

peterbokma

The pair remains under pressure, even though we are oversold (not extreme, but getting to become). I am cautiously suggesting SELL strategy due to the reason we are on the verge breaking down through the major support level, whilst we are protected 17.7150-17.7450 area. Strategy SELL @ 17.6950-17.7350 and take profit near 17.5875 for now.

peterbokma

The pair has not been doing much last few sessions, but certainly it has weakness embedded into the price action. Strategy SELL @ 17.7350 - 17.7650 and take profit near 17.6175 for now.

peterbokma

The share has retraced a bit and restarted its decline. Considering the technical picture of negative impacts and the ongoing statements between the two parties, the case is stronger for a much lower share price. I feel we may see $ 230 or lower breaking below channel support. Strategy SELL @ $ 290-310 and take profit near $ 195 for now.

peterbokma

The index is still under pressure, but am slightly cautious on SELL as we are near support 98.40 area, and as long it holds we should expect some recovery. Channel wise we have room further down. Strategy BUY 98.60 - 98.75 and take profit near 99.75 for now. However, break below mentioned support opens 96.50 and lower.

peterbokma

The pair has after all moved little lower, and I became hesitant bailing out of the SELL. Now that we have moved lower, and considering its oversold status (reasonable), we should start considering the BUY strategy for a medium-term basis. Strategy BUY @ 17.6675 - 17.7350 and take profit near 17.9750 for now.

peterbokma Updated 

The pressure is still on and this even while GOLD may retreat. The issue is we trade below CLOUD cover and indicators remain negative. Strategy SELL @ 17.8350-17.8950 and take profit near 17.6875 for now.

peterbokma

It starts feeling that gold loses its shine. we have moved away from $ 3,400 and now $ 3,355 area and negative tone on indicators. The support to watch is $ 3,300, but think we may now be on our way again towards 3,150 short-term. Strategy SELL @ $ 3,340 - 3,380 and take profit @ $ 3,245 for now.

peterbokma

The index is under pressure, and it has moved as expectation since I started my travels. However, am cautious selling right now, as there is some room to see minor recovery before lower. Also we are near a previous bottom. Strategy SELL @ 99.00 - 99.25 and take profit near 96.50 for now.

peterbokma

I am back from my travels. the pair is under pressure and I suspect we are going towards 17.70s. The stochastic, MACD etc all are providing weakness to the pair due to the SELLING pressure, and further, we are below CLOUD cover as well. Strategy SELL @ 17.9000-17.9500 and take profit near 17.7350 for now.

peterbokma

I am traveling, and able to update too regularly. The pair has seen lower 17.80s and established itself whilst GOLD is retreating. Considering GOLD may correct down further, the pair has room upside, and in fact indicators are suggesting we may see 18.1500 area near term. Strategy BUY @ 17.8675 - 17.9000 and take profit near 18.1350 for now.

peterbokma

GOLD has moved back sharply last sessions, but it is still overbought, and the test of $ 3,025 area is still expected, is my personal viewpoint. Strategy SELL @ $ 3,300-3,350 and take profit near $ 3,137.

peterbokma

The pair has reached objective, and we are oversold now. This suggests we may consolidation, and feel we may see move near 18.1450 again in coming sessions. Strategy BUY @ 17.8950 - 17.9350 and take profit near 18.1175 for now.

peterbokma Updated 

The pair is under pressure, and considering the USDX I think we will see lower over time. I have aborted BUY strategy (even-though NEUTRAL stance) and am going back to yesterday's sell idea. Strategy SELL @ 18.0350-18.0750 and take profit near 17.8875 (as yesterday)

peterbokma Updated 

The pair failed to build on the decline below 18.0000 as promising it looked. We are basically trading within a larger band, and makes it difficult to get the trend direction. I will try to see how the longer periods fare this moment in time. I think we have a chance seeing higher, but am not fully convinced either side to be honest. Strategy BUY @...

peterbokma

The market is still showing tug-of-war attitude, and the index is under selling pressure. The 100.00 area is key to survival short term. The indicators show negativity right now, and it feels we may see low 99.00s. Strategy SELL @ 100.10-100.40 area and take profit near 99.17 for now.

peterbokma Updated 

The pair still may go little higher over time, but my NEUTRAL SELL stance is due to the fact we have higher GOLD prices once again, and also shorter time frames are slightly negative, and my trend type indicator suggest deeper move lower. Overall indicators still provide a chance of some recovery, but feel focus is down first. Strategy SELL @ 18.0750-18.1150 and...

peterbokma Updated 

We have had minor corrections, and like a bullet train moving beyond the previous highs. Its very overbought on all time frames, and we apply wave analysis (estimated) we may understand that a correction is overdue as well. The A corrective wave may be somehwre 2,350 area. Overall I still see $ 2,100 zone to be reached over time. Strategy SELL current $ 2,650 -...