peterbokma

peterbokma

No change in view. I feel we are on the way to $ 28/oz. as corrective actions are setting in. The stochastic is now negative, but noting we may see a slightly reprieve before the down move continues. Strategy SELL @ 30.90-31.20 and take profit @ $ 28.57 for now. SL depends to risk appetite.

peterbokma

The BUY strategy has paid-off and indeed we move north swiftly due to the precious metals corrective action. In how far this may go, will provide guidance on our pair. My feeling is stochastic is extending far out, but it is possible, we may move little more higher towards 18.35-18.3900 area before a decline may set in again. Strategy SELL @ 18.3650 - 18.3800...

peterbokma

No change in view. We are very overbought for SILVER and one can observe the GOLDSILVER RATIO chart cleary identifying we should see a big drop of the precious metal. I feel we may see test of $ 28.50 area. Strategy SELL @ 31.50-31.85 and place SL above 32.78 and take profit near $ 28.90.

peterbokma

No change of view really. The daily chart (not shown) suggests we may see move back towards 8.5750 again. The 4-houlry is battling moving higher, but coupled with the precious metals recovery down, I would see 18.4350 for 4-houlry possible for now. Strategy BUY @ 18.1650-18.2150 and take profit near 18.3950 for now. SL below 18.0750 I feel.

peterbokma

The GOLDSILVER ratio no boubt is heavy oversold, and very likely will recover back towards 82.00 Strategy BUY @ 76.00-79.00 and take profit near 82.00. SL is I feel not required, is my personal view.

peterbokma

GOLD is starting to create a negative divergence, i.e. higher high and lower high RSI, but not confirmed as yet. It is overbought, and one should expect a return towards $ 2,150 area in the near term. Strategy SELL @ $ 2,400-2,445 and take profit @ $ 2,167. SL I suggest above $ 2,468

peterbokma

I cannot be a seller currently, and have not been for awhile, but have been traveling as well and observed the movements from a distance. Now back, and judging GOLD which is overbought and still should recover back to low $ 2,100s I would expect our pair to reach 18.5750 again in the near future. It is hunting for lows, and this may remain until GOLD establishes...

peterbokma

It is clear, that one of the metals has to give way. The ratio is extremely low, and suggests that SILVER is reasonably overbought. strategy BUY GOLD and SELL SILVER with the current ratio of 79.80 and take profit near 82.5 ratio.

peterbokma

I have seen the movements during my traveling, and surely it has moved lower than expected. this was due to prolonged strength in GOLD plus weakness USD. Now we are at the lower end, and I feel still BUY is the way to go, as GOLD still is expected to move much lower towards $ 2,100.00. Strategy BUY @ 18.1650-18.2100 and place SL below the previous lows. Profit...

peterbokma

The pattern and GANN support/resistance shows we may have potential of a decline, and adding trading above Keltner, also may support that viewpoint. Strategy SELL @ $ 2,350-2,400 an d place SL above $ 2,435 and profit order @ $ 2,270 for now.

peterbokma

The pair starts feeling heavy, and the chances of lower GOLD price and steady OIL at the lower level,s may push it through the GANN support 0.9020 area. The AO also is negative, helping the strategy work perhaps. Strategy SELL @ 0.9010 - 0.9035 and place SL above 0.9065. Profit order @ 0.8907.

peterbokma

I have been traveling, and still am. Market has moved the pair far lower than I previously suspected, due to the fact I felt GOLD should move lower, and the opposite happened. Now, stochastic is very low, and other indicators suggest we may see a turn around the corner. Of course, at the same time, we are near support 18.3750 and below would open the direction...

peterbokma

The overall trend is likely to see test of 150.00 looking at weekly chart. The short-term charts are oversold for the pair, and the low stochastic on the 4-hourly chart and having met near the objective, I feel we may see recovery. Strategy BUY @ 152.75-153.00 and place SL below 151.78 and take profit @ 155.17 for now.

peterbokma

I really suspect we will have a slam dunk coming weeks for GOLD. It appears to be hanging, as if market is trying to keep it up here to move it higher short-term. This is possible of course, but noting, that we should be SELLING into rally. the daily chart shows potential recovery $ 2,350 but there after we should see much lower levels again. Strategy SELL @ $...

peterbokma

The pair is under further pressure due to GOLD remaining stable above $ 2,300.00. However, the chances are we will reverse, and therefore caution on shorting the pair. Stochastic is low, and even though it could of course move lower, overall we should recover from the lows. Strategy BUY @ 18.4800-18.5200 and place SL below 18.4450 and re-enter BUY near...

peterbokma

As I had mentioned some week back, the pair was heavily overbought, and intervention made a large scale move lower touch 154.50 area from the lofty highs 160s. It addresses the issue of CB being active again, and one should not underestimate the power of BOJ. Market still has appetite to SELL JPY and for that reason the strategy is as follows. Strategy SELL @...

peterbokma

I have been traveling, but have seen the enormous movements of the pair. The pressure to the downside is extensive, but as I have been promoting for awhile, is the potential of a larger GOLD correction. Keeping that in mind, for now, we see a large range that is between 18.4000 - 18.7850 for now. We tried above 18.8000 and it failed, because GOLD failed moving...

peterbokma

My trading model had the right SL and we can re-enter lower again around 18.8000 below. The RSI is oversold, and we are way below GANN angle levels as well. Sorry to state, and did not have the run down of course, but that is part of life. Other positions are fine, so we have to keep on tracking it. Strategy BUY @ 18.7650-18.8200 and place SL below 18.6150. we...