Gold Undergoing a Correction; S&P 500 Might Jump Soon
Gold has managed to form a bearish flag and approach the resistance at the level of 1820.00. The asset might potentially pull from this level and jump. Currently, gold is undergoing a mere correction. So, it would be wise to follow the candlestick formations to understand what might happen next.
American stock index S&P 500 got back to the broken downtrend and local uptrend. It has formed a hammer at the end of last Friday. This might signify a potential price growth towards the level of 4200. So, let’s observe what the index is about to do next.
The currency pair EUR/USD is undergoing correction. It might gain the required support at the level of 1.0350 soon. Also, this level is located next to the broken downtrend. So, it is likely that this currency pair will head up soon.
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