Gold Daily
Resistance at 2380.00 , 2420.00 and previous High at 2430.00 ( more or less )
Supports at 2330.00 , 2315.00 & 2280.00
Daily is in the Buy mode again, but the Rejection at 2380 area doesn’t look good for further advances.
There is a lot of space that can open to the upper side, but Down side looks more and more attractive.
Right now is in No man’s land….
If stays below 2380, Pattern suggests at least a sizeable correction on the way to the downside.
AS WE SIT HERE WATCHING PAINT DRY IN THIS QUIET FRIDAY LULL, IT IS MY TIME TO GO ON ALERT AS YOU WILL SEE WHEN YOU READ THIS ARTICLE
A look at the day ahead in U.S. and global markets from Mike Dolan
World stock indexes (.MIWD00000PUS), opens new tab have shaken off a month of doubts to come back within 0.5% of record highs on signs of a loosening U.S. labor market, falling European interest rates and another Hong Kong (.HSI), opens new tab surge.
Morning Bid: May rescued by jobless jump, BoE shift, HK surge
USDJPY 4 HOUR CHART – BOJ VS. THE WORLD
Looking at this chart, it would normally suggest a run at 156.28 and above.
However, the intervention threat has so far been enough to cool speculative pressures and push USDJPY into the background.
This leaves USDJPY trapped within 155-156.
Use short-time frames if plan to trade USDJPY intra-day.
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