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Gold extends gains above $2,350
Yesterday Gold got just the right excuse it needed to make a move to above a noted technical resistance level in place just above $2,336. That was the 21 day moving average and it had been capping the topside since April 29. The slight push lower in the US 10 Year yield was the catalyst for the move above this level, as was the slip in the dollar. So, gold rose above and closed last night above that technical resistance level, ending the session at $2,346.33. It has extended on that move so far today, rising to a session high so far at $2,355.91 a moment ago. From a purely technical perspective, there really is not that much to see this side of $2,400. Gold is currently trading at $2,355.10
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Nasdaq 100 extends opening gains closer to the first technical correction level (corrected)
Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here; it is at 20,325 and represents a 38.2%... -
Nasdaq 100 extends opening gains closer to the first technical correction level
Much earlier today an update here noted the first technical correction level on the Nasdaq 100. To repeat here that, it is at 20,325 and represents a... -
US consumer confidence and Richmond Fed both miss estimates- EUR/USD edges higher
The earlier noted US economic releases (consumer confidence, new home sales and the Richmond Fed index) have just hit the screens. As noted earlier...
