Well, yesterday gave us very little to go with, if you don’t count the PFT in gold for the long which DID work out rather nicely. It showed up on my MT4, but I cannot say for sure if others had the same setup, as it was a VERY small PFT and not a great run at the support in the first place. Outside of that, we saw more of the same. There is very little to change in terms of outlook my friends. We are still looking virtually the same on all instruments.
OUTLOOK BY INSTRUMENT:
- GOLD: Possible long options are either pullback to 1265-1263 and a bounce with a signal long, or a breakout above the 1283 area, pullback and then long to 1300. Otherwise we should still be looking for the short if we can get below 1248.
- OIL: At least yesterday was a pullback and now we are sitting right on 53.00. Still waiting for a good long setup.
- INDICES: We just need a “busy” day in the indices to give us the next move up. I am still waiting for a good long signal.
LONDON OUTLOOK VIDEO: