Sliver consolidating? - 2 May 2011

After reaching my target of 45.00, silver continue to rise higher to almost 50 but failed to climb higher.

This week, we may see more consolidation, ranging 44.60 - 49.80.

On Monday, good to pick short when market retrace to 48.50 - 49.00 with stoploss about 0.50. Target bottom to reach 44.60.

Higher prices for Gold! - 2 May 2011

Gold price continued to march higher after reaching 1500 despite my forecast of a correction.

However, I foresee this week gold price may climb to 1600 before the correction.

Therefore, good to pick long when market corrects to 1554. Stoploss can be place below 1550 and target top to reach 1600 before turning my view to short for the week.

New highs formed on EUR/USD! - 2 May 2011

Good day everyone,

It is definitely frustrating that market formed new highs despite of the reversal on Friday.

However, this is a repeated pattern of the previous week.

This week, I expect market to continue climbing higher with expectation that market will retrace to 1.4750 before turning up. My target for this week will be around 1.5000.

Therefore, good to hunt for long entry when market corrects to 1.4750. Stoploss about 50 pips will be good and target exit to reach around 1.5000.

26 Apr 2011 - EUR/USD

Good morning,

Yesterday market reach our level to short and did not move up higher.
Today recommend short at 1.4560 - 1.4580 regions. SL above 1.4600. Target exit as mentioned in yesterday post.

Silver riding to the moon - 25 Apr 2011

Last week, sliver climbed to the high 46.67.
This week, I foresee that market will climb higher. However, there will likely be a correction. Expected bottom that will probably reach is around 45.00 - 45.50.

Good to pick long when market reach this bottom with stoploss around 0.40 - 0.50. Target top is around 46.80 - 47.00.

Is gold correcting for the week? - 25 Apr 2011

Last week, gold came down to 1477 before turning up to 1509.

This week, I reckon market will do a correction down to 1487 or 2nd target at 1476 regions again before market move higher.
Therefore, good to look for short at the beginning of the week when gold price breaks 1500 with $5 stop loss. Target exit is as mentioned above.

Euro weekly update - 25 Apr 2011

Hello everyone,

Another new week again. Hope everyone make great profits last week.

Last week, this pair turned down to low 1.4150 and reversed, moving up to 1.4650 and close at 1.4558. This is due to weakening of US dollar and Spain's excellent sales in their treasury bonds.

This week, I expect market do a correction down and a high possibility of a consolidation.

Therefore without breaking the current top 1.4650, I expect market to turn back down to 1st support at 1.4400 or even 2nd support 1.4325.

Monday, good to hunt for short when market pulls back to 1.4590 or when market breaks below 1.4530. SL can be place above 50 pips. Target exit is as the support levels mentioned above.

Rising gold - 18 April 2011

Gold price did a big retracement last week before breaking higher. Gold price may seems exhausted but I am certain that the price will continue to escalate this week.

However, there maybe a pull back to 1470 before climbing higher.

Therefore, good to hunt for long entry if gold price fall to 1470 and I still hold on to the view that market will still go for 1500.

Reversing Euro? - 18 April 2011

Eurusd formed a reversal candle formation in the week chart. Looking at the day chart, eurusd also formed a series of consolidations with strong resistance capped at 1.4520.

This is good for us to pick short this coming week.

On Monday, there is a high possibility of this market to climb back up to 1.4480. A very good level for us to pick short. Cut loss level can be place above 1.4520 with expectation of market reaching a low of 1.4250.

Silver heads up - 11 April 2011

Silver continues to climb higher together with gold. I expect market to reach a high 43.00. Pullback is expected around 40.50 - 40.70. With support at 40.40. My target will be around 43.00 region this week.

Gold moving higher!!! - 11 April 2011

Gold prices has broke the high 1447. I expect market to climb higher which expectation that market will continue to climb to test 1500 this week and ultimate target to reach 1535 before any correction again.
I expect market to do a retracement back to 1469 before climb higher. This is a good support for us to go long on this market.

EUR/USD weekly update - 11 April 2011

EUR/USD has broken previous high at 1.4282. We can see that market is on going to move up higher. Probably to test the resistance level at 1.4270.
There will probably be a pullback to around 1.4350 -1.4380 before market continue to move up. These will be the regions for us to look for long.