PavGill

PavGill

Vix has broken and closed below the descending trend line that's been in place since 2020. A solid close below (similar to the DAX 30 Bullish break) suggests continued moves lower for the vix and less risk aversion amongst investors. Will lead to further gains for US Indices (SPX broke 4000 today) as momentum continues rather than fade as overbought pressures...

PavGill

Recent Fibonacci retracements on the daily/weekly timeframe show c1370 as a key level for Gold following its recent heights. Include previous resistance around the area on the weekly timeframe and the movement under the MAs on the 4 hour timeframe leaves this to be a short opportunity until we get to this key level.