Indices start the new week on the front food, drawing another bullish candle on the daily chart. On the SP500 it starts to look a bit ridiculous to be honest with you.
Dax is more modest, inside of a mid-term trend continuation pattern. Of course breakout to the upside seems more probable.
I guess the star of today is gold, which is climbing higher towards the crucial resistance of 1835 USD/oz. This is where the great battle will probably take place.
Silver is also advancing higher, creating the right shoulder of the iH&S pattern
USDJPY is going lower after breaking the crucial horizontal support, which happened after the bearish escape from the triangle.
EURCHF has a promising triple bottom formation.
AUDNZD collapses after the beautiful Head and Shoulders pattern.
The same applies to the CHFJPY.
For a look at all of today’s economic events, check out our economic calendar.