Technical Analysis for November 25, 2014

XAU/USD (GOLD) has broken 1205 line and will start to target 1240 next. XAU/USD still stuck in sideways around 1180-1205 level for now. A lower leg under 1175 will target 1150 next. No trend has been formed so far for the long term but short term bullish.

 

XAG/USD (SILVER) tried to break 16.6 level but retraced to 16.3 and now is in 16.4 level. The next target will be 17 and a break lower to 15.8 will target 15.5 next. Uptrend still intact in XAG/USD and no sudden change expected.

 

Crude Oil broke over 76 line but retraced to 75.6 level. A break of this 77.7 level will target 79 next and a break under 75 level is very likely due to the volatility in the price action and a lower break under that level will bring back Crude Oil to a price stability around 74.5 level.

 

Copper has been trading around 3 – 3.08 level and attempts to move breaks higher. A break under 3 level will target 2.975 next and a break higher over 3.06 will target 3.1 next. A break to the lower side is very likely to the recent movement and volatility.

 

 

Risk Disclaimer

Forex and CFDs are leverage products, involved a high level of risk and can result in the loss of all your invested capital. Forex and CFDs may not be suitable for all investors. You should not risk more than you are prepared to lose. Before deciding to trade, you should ensure that you understand the risks involved and take into account your level of experience.

All information on this website, including any opinion, charts, prices, news, data, Buy/Sell signals, research and analysis is our point of view and is provided as general market commentary and does not constitute any investment advice.

OneStopBrokers.com will not accept any responsibility or liability for losses incurred by customers, visitors or traders as a result of using the data available on OneStopBrokers.com. Read more

---