In my yesterday’s comment I said that Gold could rise above 1800 and, indeed, the price spiked up. However, bulls were unable to keep the price elevated and the market closed with the price under this important figure.
From a technical point of view, the rise since the beginning of August is in a rising wedge and the support of this pattern is now broken down.
A correction could follow from this point on and, in my opinion, rallies should be sold.
I’m bearish on Gold as long as yesterday’s high is intact.

GbpUsd- I expect a new leg up

In my previous GbpUsd analysis I draw attention to a falling wedge pattern and the possibility of an up break.
The pair indeed broke the resistance of the pattern and we had the first leg up. GbpUsd corrected after and confirmed 1.2 as strong support.
Yesterday is marked by a strong bullish engulfing and this could be the signal for further gains to come.
I’m bullish GbpUsd and I expect a new leg up to 1.24

Nasdaq100 could rise to 15k

After the low made in June, Nas100 changed its trajectory and started to rise. Last week the index managed to conquer 13k resistance and yesterday’s reversal from this zone proved that bulls are strong at this level.
With the falling trend line broken and strong horizontal support we can expect continuation to the upside in the medium term and 15k can be the swing trader’s target.
I’m bullish as long as 13k is intact.