7 SEP
5.00 A.M. GMT
Elliott: impulse wave up 1713.95
There are initial signs of a good corrective recovery to at least 1707.05 or even above 1712.17. Supports at 1696.01 and 1690.09 zone.
Supports / Resistances
Res 2 1,724.0000
Ex-High 1,713.7700
Res 1 1,712.1700
Pivot 1,701.9300
Sup 1 1,690.0900
Ex-Low 1,691.6900
There are initial signs of a good corrective recovery to at least 1707.05 or even above 1712.17. Supports at 1696.01 and 1690.09 zone.
Supports / Resistances
Res 2 1,724.0000
Ex-High 1,713.7700
Res 1 1,712.1700
Pivot 1,701.9300
Sup 1 1,690.0900
Ex-Low 1,691.6900
For Friday, the jobs report will be the market mover for Friday. With that number due at 8:30 AM Friday, odds favor the market will stay within the 1699-1712 area until the report hits at 8:30 AM NEW YORK time on Friday morning.
Commodities have had a knack of moving higher on Friday’s lately. In SUMMARY – GOLD TREND IS STILL UP AND DOES HAVE THE POTENTIAL TO ACCELERATE IF WE HOLD THE RED CHANNEL LINE. IT WILL SUGGEST STRONG MOMENTUM. LETS SEE WHAT IT DOES. The jobs report is out on Friday morning at 8:30 AM EST. That will be the next big market mover.
Commodities have had a knack of moving higher on Friday’s lately. In SUMMARY – GOLD TREND IS STILL UP AND DOES HAVE THE POTENTIAL TO ACCELERATE IF WE HOLD THE RED CHANNEL LINE. IT WILL SUGGEST STRONG MOMENTUM. LETS SEE WHAT IT DOES. The jobs report is out on Friday morning at 8:30 AM EST. That will be the next big market mover.
