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Gold fails to kick on and slips towards supportMarkets continue to gyrate between a risk-on/risk-off approach and with the added influence of its dollar denomination, XAUUSD is no exception. Our long-term outlook remains positive with the weekly chart highlighting the presence of a bullish flag formation, with an expectation of a break higher. This may take a while to play out and can accept a move to well below the $1,300 support (even $1,280) without being impacted. The recent rejection from resistance at $1,242 looks to be gathering pace and momentum should result in a test of the support above $1,300. This highlights a fair risk/reward opportunity for today.
FX:XAUUSDShort
by Signal_Centre
AAPL ShortWe are Apple short. We broke out of the bullish channel into the bearish zone now. The grey lines are relative levels that match well with the fibonacci levels. We will probably come down to the 200 sma. RSI and MACD levels signaling downwards. There is a daily gap level to be filled. The bottom of that gap is a golden horizontal line that signifies the top of the first time Apple went to 100. We are bouncing down off the bollinger bands. Count the number of candles and you will realize the it is time for the stock to come down.
NASDAQ:AAPLShort
by ChargingBull