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COMMODITY TIPS & CHARTS: Gold erasing February gains

Posted: 03 Apr 2016 12:37 PM PDT

You would like to take position in Gold / Silver then doesn’t listen to what people are saying about the markets. Look at what the markets are saying as a reflection of people who are actually buying and selling. It is a much more reliable guide.

Look at above chart, the March month rally of Gold was very disappointed to buyers. If the gold will hit 50% (support: 27384) and show closes below it then we will certainly see 26140-24780 levels. But seller must keep his eyes open while it touches the support 27384 level because buyers will try to push the gold up. So I would recommend short term seller should start selling in bulk after crossover the 27384 level and meantime they can sell gold (for intraday trading) while it move down from volatile zone.

Buying opportunity will knock the door while gold stay above to volatile zone levels and it can break 28600-29000-29500+ levels!

Note: on my last newsletter, I’ve updated about crude oil, copper & lead targets. I’m very glad to inform those all commodities touched each targets. If you missed it then click here and check it now!

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FREE Forex signals / forecasts on USDCAD, EURUSD & USDJPY

Posted: 03 Apr 2016 09:43 AM PDT

On above USD / CAD chart, you can see this pair is continuing falling since 17 Jan but it had take u-turn after hitting the support level (1.28355). I’d recommend buyers to stay in hold. On next week we may see 1.31300-1.33445 levels.

When should I sell USDCAD?
Level: 1.28175
Once USDCAD show closing below to above level or break that level then you could sell it for 1.26030-1.23810.

Look at above chart, technically euro is looking weak against American dollar. Short term investors can start selling from Monday opening bell. It may show some up moves but overall looking downward.

Targets: 1.13200-1.12100-1.11000

Keep note, if the EUR / USD will crossover resistance 1 then it may try to touch resistance 2 so be careful with it.

Long term target: 1.08600

USDJPY is planning to take u-turn from Monday opening bell. It could show 111.22 levels but it’s a trap for day traders. This week we will see 113 levels.

If you would like to dive for long term then 113 levels is best for sellers because USDJPY is overall down for big time.

For long term investors: once the USDJPY will be close below to 111.100 levels then we see 110.08-108.350-105.600 levels.

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