rufan8

rufan8

Based on technical analysis Gold will go bullish now

rufan8

Based on technical analysis, there may be bearish movement for short term.

rufan8

Actually GU has already broken one of the major resistance lines to continue bullish trend. But I think there will be some bearish movement for short term, based on technical analysis. However it may not be worth to risk in this situation in terms of risk reward ratio.

rufan8

SHORT idea for GBPUSD.

rufan8

Currently, the price is in the key zone and very close to Weekly 200 MA. RSI is under 30 in Weekly, Daily and 4H timeframes. The price is also touching 1.618 Fib level. DXY (US Dollar Index) also hit major support level. I think reversal is soon for USDZAR to continue bullish trend. However, bears may push price to 14R level (Strong support level), it may reverse...

rufan8

LONG Idea for Gold

rufan8

SHORT Idea for Gold

rufan8

Buy Oil

rufan8

GOLD LONG

rufan8

BUY GOLD

rufan8

Currently, there is too much uncertainties in Oil Industry. Most of the giant Oil companies are in struggle right now. First quarter was closed with minus profit. Small companies are on the edge of bankruptcy. On the other hand there is no storage for the currently producing oil. Saudi oil tankers are on the way to US. If US gets Saudi Oil on board there is...

rufan8

I think the price will slowly fall down till 50% or 0% of Fibonacci level during the next week and will jump back to R15 level (161.8% Fib level) by the end of February.

rufan8

I think we will see bounce back to above R15 level. The question is when! If we see break of current key zone, the price may continue to fall to the next support zone and a sharp bounce above R15 level. Otherwise it may bounce next 2 days from the current key zone. Make decision based on the price action. Trade at your own risk. This is just my opinion. I am a...

rufan8

Possible long.

rufan8

The trend may continue fluctuating within support and resistance zones for a short time. There is possibility to break the resistance and move to touch the next key zone.

rufan8

Currently the price is at Key Zone. Trend may move towards the next key support zone at 14.51 and bounce above 15 in long term.