Bullish Signals on the US Dollar Index, Gold Remains Below $1,900

The ASX-200 closed with a bearish-reversal Hanging Man but also indecision-style Inside weekly candle and near 6,700 making this the level to watch in coming sessions for any new make or break. As mentioned over recent weeks: The GFC High of 6,851.50 and 2020 High of 6,893.70 loom large and ahead of current price action and will also be resistance levels to negotiate in coming sessions. Trading volume remains subdued so watch for any new breakout: XJO weekly: watch for any new TL b/o: Keep in mind that the recent Golden Cross remains valid. This is a bullish signal where the 50 SMA crosses above the 200 SMA. Such … (full story)

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