peterbokma

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 -...

peterbokma

The pair is locked within a triangle formation and below CLOUD resistance 2.2678 area. We have minor negative indicators, and not solid enough, but based on the resistance and trading below cloud resistance, it is likely a move lower for test 2.2300 area support in the near term. Strategy SELL @ 2.2560-2.2600 and take profit at @ 2.2307. On break below 2.2300 we...

peterbokma

The pair is overall under pressure, but slightly oversold short term. I think we may see 160.00s in the medium term, and feel we should be in SELL mode, and trying to pick the right levels. Strategy SELL @ 162.75-163.00 and take profit near 160.17 for now.

peterbokma

The pair went down as expected, and now settling in at the lower levels. GOLD is moving lower again, and likely will go south below $ 3,100 I feel. The pair has room to correct to near 18.2750 or slightly higher before lower again. Strategy BUY @ 18.0350-18.0750 and take profit near 18.2475 for now.

peterbokma Updated 

The pair is indecisive to say the least. I feel over time we should see higher levels, but short-term its a bit cloudy. Right now resting support area 18.2100-18.2350 and a few negative indicators. One I use (not shown) is negative, and carries some credibility when combined with others. For now I see 17.9500 possible, before we return higher. Strategy SELL @...

peterbokma

The pair has reached it objective near 18.4650 and from there fell sharply again. it was due to the fact we have a peak above the channel, and indicators are slightly negative due to the pullback, which means there are plenty of sellers out there. Strategy SELL @ 18.3450 - 18.3850 and take profit near 18.1875 - 18.2250 area.

peterbokma Updated 

The pair has moved from the lower 18.10s and had some recovery to 18.3200 area and then settled lower. we are in a wider range, but considering the distance from cloud support breal and where we are at, this seems a little large. If we consider the view that we have bottomed qhich it feels to be the case, we should have a recovery 18.4950 again. Strategy BUY @...

peterbokma

The pair is a little overbought, and we are above the top-end of the channel. Usually we will see a return to mid-range of it, and therefore it feels we may see a reasonable chanjce for lower levels to be seen again. Strategy SELL @ 195.00-195.50 and take profit near 193.75 for now.

peterbokma

The pair is trading within a larger channel, and the pressure seems to the down side currently/ we require to overcome the 2.2368 support area, and once cleared, the door would be open to 2.2050 area in the short-term. Strategy SELL @ 2.2400-2.2450 and take profit near 2.2075 for now.

peterbokma Updated 

GOLD has recovered sharply but somehow it feels we may see a lower test once again. the short-term picture suggest upward pressure still. Strategy SELL @ $ 3,3380 - 3,425 and take profit near $ 3,267 for now.