After breaking to 6-year highs, bullion’s long-term breakout remains strong and a minimum price objective of $1700 is now in place, according to Robin Griffiths and Ron William at RWA Market Advisory.
The S&P 500 remains range-bound and will likely fall back towards key support at 2824.25, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
GBPUSD’s recovery may already be coming to an end, according to David Sneddon and his team at Credit Suisse in London.
Copper is near to triggering a MACD buy signal, according to James Dima, technical analyst at Marex Spectron.
With gold having risen to six-year highs, Ron William, from RW Advisory, explains what is going on with the precious metal.
In the latest Global Markets Report from Robert Colby Asset Management, they highlight that the recently inverted US yield curve not only historically signals a forthcoming recession, but also a falling stock market in anticipation of a recession.
Following completion of a multi-year base in June, Gold is heading towards its measured target at $1700/05, according to David Sneddon and his team at Credit Suisse in London.
Bitcoin looks poised for a retest of its all time high, according to Tony Sycamore, Director of Australia-based TECHFX TRADERS.
US 10-year yields are likely to move back up towards resistance at 2.0352, according to Andy Dodd, Head of Technical Research at Louis Capital Markets.
FTSE’s breakdown below key support levels suggests an intermediate-term shift to bearish has occurred, says Steve Miley, CEO of Market Chartist.