This week looks like a “Calm Down” week for the market – which means we have surprises coming up – and we have several of them:
As the dollar index is getting stronger and the Gold does not get weaker – it is considered to be an anomaly – and one investors can use.
As price actions shows the Gold is headed towards the upcoming resistance level at 1,328 and that depends on the breach of 1,315 level – preferable to see a clear breach on the 4 H chart before lunching a strong Buy position – even consider taking a Limit Trade above the level of 1,316 and a T.P at the next resistance(slightly below it..) at 1,325 = 9$ movement.
In about 1:30 H investors can expect a lot of volatility on the GBP as all of the stated announcements will hit the market simultaneously – and the asset will move and strong!
Add to that the fact that a lot of concerns are still in the market and have not gone no where yet – stay tuned with the GBP.
Our opinion stays the same from Friday and the trend of this Index remains bearish as long as the level of 11,400 is not breach properly.
U.S/China talks have the ability to move indices this week and the Dax is one of them – Stay tuned.