DOLLAR INDEX
The dollar index has regained its upward momentum in the short term, and the resistance at 105.80 has not impeded the upward movement. As a result, we may target 106.70. However, this scenario would be invalidated if the index breaks below 105.70 again.
|
Support |
105.80 | 104.75 | 104.50 | |||
| Resistance | 106.20 | 106.50 |
106.70 |
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GOLD
Gold has been trending upwards on the medium term, but it encountered strong selling pressure with Friday’s closures. It is likely to face difficulty in breaking above the $2430 area. However, if the support at $2355 is breached downwards, we may see a retest of the $2330 area.
|
Support |
2355 | 2330 | 2300 | |||
| Resistance | 2400 | 2431 |
2431 |
|||
DOW JONES
The Dow Jones index continued its downward trajectory after breaking below the $37,800 area. Prices are expected to test support levels around $37,200. However, this scenario would be invalidated if there is a renewed breakout above $37,800.
|
Support |
37500 | 37200 | – | |||
| Resistance | 37850 | 38150 |
38370 |
|||
NASDAQ
The NASDAQ index broke below the sideways trend with the breach of the $17,850 level. Consequently, it is expected to target the $17,450 area. However, this scenario would be invalidated if there is a renewed breakout above $17,850.
|
Support |
17600 | 17420 | 17300 | |||
| Resistance | 17785 | 17855 |
18000 |
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