SP500 intra day trend now bullish. Daily now neutral (ie sideways)
and weekly remains bearish.
Recurring equity buy support strengthens further so more
short covering rallies this week probable. See SP500 chart below.
GOLD bullish bias strengthens along with equity rally.
XAUUSD long 1825.95
EURUSD short 1.4423 [c 1.4433]
AUDUSD short 1.0673 cancel
XAUUSD long 1824.45 [c 1827.46]
NZDUSD short 0.8523 [c 0.8528]
Big selling detected – the battle continues.
Substantial SP500 buy support returns.
XAUUSD short 1790.75 [c 1796.34]
GOLD and SILVER significant correction is still expected.
SP500 intra day chart gives bearish warning after latest counter
trend short covering rally. Daily and weekly charts remain bearish.
SP500 EMINI short 1204.50 [c 1201.00]
EURGBP short 0.8846 [c 0.8840]
XAUUSD short 1,820.07 [c 1797.20]