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sp 500

Chart Watch: AUD sell-off risk, S&P 500 losing bullish momentum

AUD/USD – Increased risk of a sell-off Monthly chart Pair’s repeated failure around 0.78 handle followed by a retreat to 0.76 handle has led to a Gravestone Doji formation on the weekly chart. The monthly RSI and MACD suggest loss of bullish momentum. The spot […]

brent oil forecast

Chart Watch: Pound a funding currency, Gold offered on upticks

Gold Bulls, don’t jump the gun Monthly chart Trump has won the Presidency. Markets are having a breather following a high octane Asian session which saw dollar drop against the safe havens, while risk assets melt. Gold clocked a high of $1337 today before retreating […]

gold-monthly chart

Chart Watch: Gold price action suggests a Clinton victory…but

Gold chart suggests Clinton victory…but Monthly chart •The monthly chart above clearly shows repeated failure at the falling trend line resistance coupled with the monthly 50-MA topping out. •Prices failed to hold above $1301.35 (50% Fib of 2008 low – 2011 high) •The chart thus […]

ftse 100 forecast

Chart Watch: FTSE 100 recovery likely, GBP/USD watch out for a rebound

Gold – Revisit to weekly 5-MA likely  Support $1276 (weekly 5-MA) $1271 (weekly 200-MA) $1260 Resistance $1293 (weekly 10-MA) $1308 (previous week’s high) $1326 (falling trend line hurdle) Comments – Gold’s failure to hold above downward sloping weekly 5-MA in Asia suggests the prices could […]