In this week's market analysis, we will look at potential trading opportunities and zones where we should look for price action, evidence and potential moves.
Pairs and markets analyzed this week: oil, silver and gold
WARNING:The US election takes place on 8th November 2016 and it’s safe to say there will be significant market volatility. We recommend traders to trade safely, wait and see what price action develops and then act accordingly.
US Oil (NYSE:USO) approaching support zone. Look for Bullish Price Action
Keep an eye on the 41.78-43.11 support area, watch out for bullish price action and a potential move to the upside from this major zone.
XAG/USD Two management points to keep an eye on
For those who went short the 2nd November (Pinbar at resistance area), keep an eye on the following 2 management points:
17.754 and and 17.25
XAU/USD reached our target
As mentioned on 10th October, we had a nice bullish price action (pinbar) at strong support area (1241-1251) and were looking at a 1298 target.
Happy Trading
Disclaimer: This is educational and general information only (not advice or a recommendation).
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