Institutional Technical Analysis

Thanks for posting. Much appreciated.
G

Folks,

Here's UBS' latest T/A views on the broader market...

Interesting take on Gold... Here's a snippet:

"A break of $1600 would suggest that a more important trading low in gold is in place and it would imply a first bounce into March towards $1630, which is the former key support. However, as long as we don’t see a break of $1600 we can not rule out a final move down to test the May 2012 low at $1530, which, however, would be a worst case scenario as well as from a wave perspective this would bring us a high conviction (wave 5) buying opportunity."

.....The trouble is, it closed above $1600 yesterday (I think), and today, it looks like the 1525-1530 prophecy could be true. I do love trading it mind!

Good luck all, and be safe!

Here's CommerzBank's latest Bullion T/A.

(the one issued previously is actually an older version!)

Fresh off the Press!

Good Luck folks, and beware of choppy trading waters!

A bit late with this week's UBS TA...

(sorry!)

Hey Folks,

Here's the latest round of TA courtesy of UBS and CommerzBank.

Some points:

1. UBS reckon the USDJPY play is toppy - I'm personally of the thinking that there's more strength to come - gut feeling

2. Commerzbank's take on Gold is interesting - and kudos to Broad-rock for the heads up on the CV Gold thread!