Gold should climb to 1580-1590 tonight
The nasdaq is currently about 18% above the MA200, which is the most extreme reading levels in market,
the next two weeks should show weakness.
Also, under the corona virus,most of the catering , retail and tourism industries loss a lots of profits around 30-50%,
the effect should come out soon,
DXY upper resistance locate in 99.22, also locate in over brought area, which soon see DX back to support 98.4 or even 98,
but not too much to the downside,
$1600 gold price is a quite big resistance which sellers should come in,if price hold 1550, still have hope to reach higher ..
the next two weeks should show weakness.
Also, under the corona virus,most of the catering , retail and tourism industries loss a lots of profits around 30-50%,
the effect should come out soon,
DXY upper resistance locate in 99.22, also locate in over brought area, which soon see DX back to support 98.4 or even 98,
but not too much to the downside,
$1600 gold price is a quite big resistance which sellers should come in,if price hold 1550, still have hope to reach higher ..
Kommentar:
Take some profits