Gold Weekly Review
Wait for minor pullbacks towards 1258.59 to go long with an ideal target at 1396.94.
SP500 Weekly Review
As previously anticipated, the impulsive wave (a) traded massively to the lower side and even hit our first take profit at 52.17. We're waiting for minor bullish corrections towards 53.21 to sell the last motive wave (c) towards 47.47 or even lower. This view can only rendered futile in case the corrective wave (b) rise above 53.21, should this be the case, then we'll wait for a rise above 54.08 to confirm a continuation of an upward rally towards 57.26. This commodity should be traded alongside Canadian pairs.
Wait for minor pullbacks towards 53.21 to go short with an ideal target at 47.47