A1 Trading Company

June 25, 2021

Trade Ideas for EU, GOLD, SPX500

Frank Cabibi

EU Rises, Gold Ready to Breakout
6/25/2021

EUR/USD Analysis 
EU comes up near a top on the 4H  after mixed PMI data last night. Additional resistance is above around 1.19894 after bouncing off big support. Price may make a higher low on the this timeframe and test that resistance level.
Gold Analysis 
Gold with breakout potential on the 4H as it is testing the top of a wedge in the $1780s. The dollar continues to sink at the end of this week so we might start to see some strength in gold. The Fed's insight has downplayed the fear of inflation for the most part, so investors might now reverse to risk-on.
SPX500 Analysis 
Markets are at all time highs once again on dollar weakness after Powell's testimony on the Fed's monetary policy statement says inflation is not a big worry. Big support is at $4267 on the 4H where price has tested and bounced before.

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