Daryl Guppy is an independent technical analyst who appears frequently on CNBC Asia. He runs training, analysis and resource workshops for retail and professional financial market traders involved in stocks, CFDs, warrants, derivatives, futures and commodities in China, Malaysia, Singapore and Australia. He has his own trading company, guppytraders.com. He is a special consultant to AxiCorp.
The current downside target is $1,180. Failure to hold at this support level sets a target near $1,050.
Rather than trade gold there are more effective and profitable ways to trade this rebound.
Its too early to know which direction the Aussie will break but when it does, there's a high probability it will move towards projection targets.
The prospect of a Donald Trump or Hillary Clinton victory in the U.S. election isn't seeming to induce any jitters in the dollar index.
The recent pullback towards 1.10 suggests that bearish pressure is building on the euro-dollar.
The yellow metal's dramatic fall from $1,340 to below $,,260 is a break-and-enter theft on a grand scale.
The Shanghai Index consolidation retest of the uptrend was stronger than expected.
The media is awash with claims that the S&P is in danger of imminent collapse.
U.S. crude seems to be going nowhere but the weekly New York mercantile Exchange l chart for WTI tells a different story.
The euro/yen is taking a graceful swan dive following weeks of consolidation.