GOLD

The price of Gold is also interesting going into this week as the price formed another strong bearish candle last week. The momentum is with the sellers here and the price is approaching a major support level where the price saw significant demand recently. If the price reaches this level we could see a strong rejection offering both short and long ideas going into this week’s trading.

S&P500

Investors will be looking to the equity markets this week as data could begin to revive them. If retail sales which are forecasted to be strong come in as expected we could see a reversal to the current downside. A break of the 4hr highs would be ideal to confirm buyers are stepping into the market in the short term. 

Regards

Sunnyfx1

FTMO trading central 🇨🇭