Today afternoon U.K. July inflation data were softer than expected and if sustained would raise doubts about a November policy tightening by the Bank of England in November and market is heading lower towards 16520 in coming few sessions and any spike higher near 16800 Is goiog to go short Gold is near major turning point either it breaks above 1314 or 1278 but we prefer to go long@1284 the mot important Is the turn cycle on stocks indices near the 21/23 Aug window
cheers
EURO (13324)
It is in the Range for very long time either side break will decide the direction range is 13262---13455
Day trade
Long@13263 stop@13236 tgt 13430 (New order)
Short@13485 stp@13506 tgt 13388
GOLD (1298)
Gold is about to bottom soon we are projecting 1292 and 1284 for the low from where it will go higher towards 1332 first next if it close above 1335going higher bottom is already in and some pullback is possible before another leg up--- but if it close below 1292 will negate this scenario
Day trade
Short @1334 [email protected] tgt 1308
Long@1286 stop@1277 tgt 1312( New parked order)
NDU we prefer to go short near 4146 and sp @1997 for good ride we are near the cyclical top should be around 20 /23 August as our projection for the turn cycles
cheers
EURO (13324)
It is in the Range for very long time either side break will decide the direction range is 13262---13455
Day trade
Long@13263 stop@13236 tgt 13430 (New order)
Short@13485 stp@13506 tgt 13388
GOLD (1298)
Gold is about to bottom soon we are projecting 1292 and 1284 for the low from where it will go higher towards 1332 first next if it close above 1335going higher bottom is already in and some pullback is possible before another leg up--- but if it close below 1292 will negate this scenario
Day trade
Short @1334 [email protected] tgt 1308
Long@1286 stop@1277 tgt 1312( New parked order)
NDU we prefer to go short near 4146 and sp @1997 for good ride we are near the cyclical top should be around 20 /23 August as our projection for the turn cycles
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