The rising wedge on the daily chart shows a possible top
for the S&P 500 Index. However, we may see a false upside breaking of the upper trend line. However sustain trading above 3700 may negate the downtrend.
Gold on the way to finish last leg up
to perhaps at the current level or more
to as high as $2030/Oz.
Then a downtrend may resume for much
lower level perhaps to as low as $1400
in the coming months or so.
The pair is still trading inside the
long term downtrend channel as shown.
As long as the prices stay inside the channel
we may expect the Long Term target may be
Only breaking and sustain trading well above
the upper trend line may save Euro from
all time low.