The markets are still stuck in a range which still makes the longer-term trades difficult, once the markets break the ranges the trading days become easier. It’s important to note the growing changes in the economy and how these might affect the future of trading.
Gold still seems to be decoupled from the markets as it seems unaffected by the dollar, this is something that we will need to wait to change before we can assume a longer-term view there.
For now day trades in the foreign pairs like EURUSD and GBPUSD show the best trading results for now.
Our target is 1.0890
Our target is 1.2120
Our target is 1.4020
Our target is 1711.00