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Gold – Gold hits key long-term support, bounces higher
Over the last two weeks, Gold has bounced up after running into a key long-term support level down near 1130.00; a level we have discussed as a potential buy-point in our recent commentaries. We remain bullish in the near-term on Gold whilst it’s above 1130.00 and will continue to watch for pullbacks to be buyers, ideally on a price action buy signal. We see the potential for upside movement at least into 1220.00 area. Stay tuned to our members daily trade setups commentary for updates on Gold.
S&P500 – S&P uptrend continues, looking to buy weakness
The S&P500 continues to trend higher and our recent views of looking to buy on pockets of weakness remains valid. We are still looking to buy this market from support / value on pullbacks, and we can see 2212.00 – 2179.00 support zone is the nearest key support on the daily chart. We will keep a close eye out for price action buy signals to get long and re-join the uptrend and update members accordingly in the daily commentary
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