Good afternoon
Gold still decided to form a bearish flag and go down to the resistance level of 1820.00, from which we should expect a potential upward rebound. At the moment, the decline in quotes is just a correction. In this case, it is worth focusing on candlestick signals:
The S&P500 index returned to the broken descending channel, at the touch point of which there is also a local uptrend. Friday closed with a hammer, which may mean a potential rise in quotes towards the horizontal 4200:
The Eurodollar continues its corrective movement towards the support of 1.0350. There is also a broken descending channel. We leave the basic scenario the same – after the decline, we should expect the resumption of the upward movement:
Oleg Svirgun, analyst at the brokerage company Tickmill
13/02/2023
