Gold broke daily down channel Likely to reach resistance level 2415.00 Gold recently broke the resistance trendline of the narrow daily down channel from April, which enclosed the previous ABC correction (4). The breakout of this down channel accelerated the active intermediate impulse wave (5) – which belongs to the higher order impulse sequence from […]
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Key insights from the week that was. In Australia, the Q3 CPI reported a 0.2% (2.8%yr) increase in headline inflation and a 0.8% (3.5%yr) lift in underlying trimmed mean inflation, both of which broadly met Read more…
Markets are preparing for next week’s US election Key US data on Friday, a week before the Fed meeting Another strong set of data could endanger the Fed rate cut The dollar could get a Read more…
Indices The major US indices began the week with an attempt to return to growth but were choked by selling. Once again, the laggard was the Dow Jones, which slipped below last week’s lows, losing Read more…