FX & Gold Wrap – Focus: US30 & GER30
Today traders, we take a look at the ongoing rallies from the EURUSD and Gold. Gold broke above its 2011 highs in today’s session after touching $1944.
We run over the US30 and GER30 daily chart price action looking at evidence to prove that continuations might just be starting to form if buyers can close higher today. We want to two see buyers hold/lose above levels to keep this idea going if we see closes below today’s low’s, it could be suggesting that the current short-term moves have a bit further to run.
US30 level – 26,380 – Current low 26,336
GER30 level – 12,780 – Current low 12,758
There’s no high impact news due for release in today’s European and U.S. sessions.
U.S Durable and Core durable goods order data will be released at 10:30 pm AEST.
Today’s Market Analysis Video