EURUSD Extends Trend, Gold Threatens to Reverse, Stocks Just Exude Breakout Risk
Over the medium-term there are some remarkable trends to highlight – whether we are looking at the Dollar’s steady climb, equities 2019 bull wave or gold’s impressive break to six-year highs. Yet, recent congestion in this presumable active month of September has investors expecting a break but questioning bearing.
Crude oil price action has experienced a considerable amount of volatility that is likely to carry over into the final quarter of 2019 beginning next week and risks a breakout from its recent range.
The Dollar got some pep in its step last week but is at yet another crucial crossroad, history suggests it will fade but that behavior could soon give-way to real momentum.
Gold would slide comfortable within range this past week, and that is important for those watching the technical development for the market. A head-and-shoulders pattern has solidified and a big picture reversal risk looms.
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