ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for default Register for Free to get streaming real-time quotes, interactive charts, live options flow, and more.

Monthly Technical Reviews on Gold, Silver and Bitcoin (March 2017)

Share On Facebook
share on Linkedin
Print

GOLD (XAUUSD)
Dominant Bias: Bullish
Gold trended upwards in January and February 2017. Price topped at 1263.61 on February 27 and then began to pull back. The pullback is significant, (about 4,600-pip movement to the south), but it is not strong enough to override the extant bullish outlook on the market, unless price pulls back further by another 4,000 pips, which would require a serious selling pressure. Price could move upwards from here, recovering recent losses. The targets for this month are located around the resistance levels at 1230.00, 1250.00 and 1300.00 this month.

SILVER (XAGUSD)
Dominant Bias: Bullish
Silver also trended upwards in January and February, and then started going south from the beginning of March. The southwards movement has been serious enough to generate a short-term bearish bias, while the long-term bias remains bullish. As long as price does not go below the demand level at 16.0000, the long-term bias would not turn bearish. There may be an outright rally from here; or price may go further south before the rally occurs. Whatever the case may be, price would make some effort to reach the supply levels at 17.7000, 18.0000 and 18.5000 this month.

BITCOIN (BTCUSD)
Dominant Bias: Bullish
Bitcoin is a bull market – with a Bullish Confirmation Pattern in it. Price has been going steadily upwards within the last several months, and this is something that is expected to continue. The pullback that occurred on March 7 was a result of a temporary sale in the context of a long-term uptrend, as price does not go in a straight line. It is possible for price to pull back further, but that would not threaten the bullish outlook on this market, for it is expected to go north by at least 10,000 pips this month. The market went up more than 24,000 pips last month.

 

Source: www.tallinex.com

 

Super Trading Strategies:  Super Strategies

CLICK HERE TO REGISTER FOR FREE ON ADVFN, the world's leading stocks and shares information website, provides the private investor with all the latest high-tech trading tools and includes live price data streaming, stock quotes and the option to access 'Level 2' data on all of the world's key exchanges (LSE, NYSE, NASDAQ, Euronext etc).

This area of the ADVFN.com site is for independent financial commentary. These blogs are provided by independent authors via a common carrier platform and do not represent the opinions of ADVFN Plc. ADVFN Plc does not monitor, approve, endorse or exert editorial control over these articles and does not therefore accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at ADVFN.com is for your general information and use and is not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by ADVFN.COM and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Authors may or may not have positions in stocks that they are discussing but it should be considered very likely that their opinions are aligned with their trading and that they hold positions in companies, forex, commodities and other instruments they discuss.

Leave A Reply

 
Do you want to write for our Newspaper? Get in touch: newspaper@advfn.com