- This topic has 28,269 replies, 54 voices, and was last updated 1 hour, 42 minutes ago by .
-
OIl market is getting jerked around by Iran-US nuclear talks headlines
Iran
Trump
XTIUSD (WTI) 4 HOUR CHART
XAUUSD
Momentum: Trying to build momentum to the upside but so far consolidating within 3300-50.
On the upside, a firm break of 3350 needed to expose 3368=75… double top around 3349.
On the downside, a move below 3293-3301 would negate the upside risk. Lee[s a bid while above it. Minor supports 3327, 3315.
XAUUSD 1 HOUR CHART
Using my platform as a HEATMAP shows
… little reaction to the end of US-China trade talks with the dollar trading mixed
EURUSD so far not extending its 7 day streak trading around 1.14 (low 1.1405)
USDJPY has printed 145 on 3 out of the past 4 days (except Monday high at 144.95)
Gold is up
US stocks are steady
US bond yields are up slightly (10 year still just below 4.50%)
Little fallout in markets so far from spreading immigration protests in the U.S.
Key focus today, U.S. CPI
NIO Inc.
If you expected a comment like : same S… different day – well WRONG
From what we have in front of us – Bullish pattern in creation – and after all the disappointments with Nio, this time it looks real…
We need another day – tomorrow, for Nio to confirm or deny , but possibility of attacking that declination trend line at 3.95-4.00 is resurfacing.
So we sit and wait to see….
XAUUSD – Gold
Gold is right now in what I would call Neutral mode.
It has to go above 3350.00 first to change that view.
On the lower side, only below 3285.00 & 3245.00 we would have a change of heart.
It is still very Bullish, but before it takes over 3405.00 overall picture can change for a worse…
- You must be logged in to reply to this topic.