GOLD - BUY - 1282.52
As tensions around the world increase between various states, Gold is increasingly looking like the safe haven for investors. Increased terror attacks and the North Korea situation are but a few, and remarks from the US President on Monday just adds fuel to an ongoing dispute between 2 Nuclear powers Pakistan and India.
Having broken above the symmetrical triangle, remaining above and the fact that we briefly broke above the long standing Resistance level on Friday, I still feel we could see a rally from Gold after a short period of accumulation to help bring us out of the OB area on the Daily chart. Looking at the Hourly chart, we have formed a Head and Shoulders pattern, with the right shoulder higher than the Left, for this reason I feel we will retrace towards the 61.8% Fibonacci level at 1280 before bouncing back towards the high side
SILVER - BUY - 1692.70
On the daily chart, Silver is still within the long standing downside channel, however we have managed to remain above the support level around 1690. With the Inverted Head and shoulders pattern completed on Friday, OS conditions on the hourly chart and following the Gold predictions, I feel Silver is about to reverse the trend and head higher.
NZD/USD - SELL - 73.148
This pair looks like it is about to form the Head and Shoulders pattern on the daily chart and the hourly chart has seen the formation of a Butterfly pattern. With these 2 patterns, I feel we have a strong suggestion that the market is about to reverse from the short uptrend which started in May. The USD is up and down like a brides nighty at the moment, and showing signs of weakness, however this pair looks like it is going to head down for the session at least
Put Capital is looking to become the one stop place for everything trading. The analysis above is available daily on our website when you subscribe to out Signals package for just £5 per month with no contract, for upto 6 signals per day.
We also offer a free members area, a VIP subscription package, have a community chat on Telegram, are currently investing heavily in a new fully regulated Trading Platform with DMA, are developing a cool merchandise online store and will be launching a new Indie style News channel within weeks.
See the website for full details at https://putcapital.com/
Where Bulls are Tamed and Bears are Trained!