Gold longs at 1770/65 target 1785/88 & perhaps as far as 1795/1800. Above 1800 look for 1813/15, perhaps as far as 1828/31.
Best support at 1770/65. Longs need stops below 1760. A break lower is a sell signal targeting 1953 then strong support at 1740/35.
AUDUSD first resistance at 6950/70. Shorts need stops above 6980. A break higher targets 7010.
Shorts at first resistance at 6950/70 target 6910/00 then 6870/60. Further losses can target 6830/20.
EURJPY eventually beat resistance at 136.75/95 for the next target of 137.70/80 with a high for the day here. A break above 138.00 signals further gains to 138.70/90.
First support at 136.80/70. A break below 136.50 risks a slide to 135.60/40.
NZDJPY again meets strong resistance at 8435/55. Shorts need stops above 8485. A break higher is a buy signal targeting 8560/70.
Shorts at 8435/55 target 8380 & possibly 8340 for profit taking. Further losses target 8320/10 then strong support at 8280/60. Longs need stops below 8230.
Emini S&P longs at strong support at 4110/4090 work as we bounce towards 4150. On further gains look for 4165, perhaps as far as 4210/20 today for profit taking. A break higher this week is a buy signal.
Strong support again at 4110/4090. Longs need stops below 4080. A break lower meets strong support at 4030/20. Longs need stops below 4000.
Nasdaq longs at first support at 12850/800 work on the bounce to 13200/250 & 7-month trend line resistance at 13365/385. A high for the day exactly here with a sell off to 13085. First support at 12900/800. Longs need stops below 12700. A break lower is a sell signal to strong support at 12350/300.
7 month trend line resistance at 13365/385. A break higher targets 13450, perhaps as far as very strong resistance at 13600/700.
The contents of our reports are intended to be understood by professional users who are fully aware of the inherent risks in Forex, Futures, Options, Stocks and Bonds trading. INFORMATION PROVIDED WITHIN THIS MATERIAL SHOULD NOT BE CONSTRUED AS ADVICE AND IS PROVIDED FOR INFORMATION AND EDUCATION PURPOSES ONLY.
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