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Gold ( XAUUSD ) touched all time highs 1983 earlier today, respecting support lines to the upside. Can GOLD push higher than this? Weakness in the dollar shows promise for the yellow metal going into the weekend. Trade responsibly. Trading forex and precious metals involves risk. Never risk more than you're willing to lose.

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GOLD showing signs of bearish movement while operating within channel. News today could be a catalyst for movement in either direction. Here's what I see.

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News early Wednesday morning EST worked as a catalyst in moving USDCAD down from 1.33, a zone of daily support for the pair. Looking to secure 100-200 pips on this trade, with a 40 pip SL. Adding shorts every 75 pips via sell stops. Set SLs around 1.334, and trailing stops of 20 pips after 50 pips in profit. All trading involves risk. Past successes don't...

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The SPDR S&P 500 Trust ETF ( $SPY ) keeps testing new highs, now hovering around the $306 range with key breaks in a wedge formed on the W chart. It starts the week bearish hinting towards an attempt to break back into the wedge, but only time will tell. This could be sign of a breakout for the SPY, indicating changes in trend for other related pairs. (All...

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After BTCUSD found highs around $13,890 in June, the crypto has found itself in a spiraling downtrend, with pulls back northward sporadically. Bitcoin hasn't been able to escape this daily channel, but if it does, a breakout is possible. Bounces and pullbacks from $9-12k have occurred since June, but support hasn't been broken since. The cryptocurrency is...

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the S&P 500 Volatility Index yet again finds a floor around the 13.00 range, with multiple daily touches and bounces. Look for a long of the $VIX from here, unless a push lower causes it to break res. Expect higher volatility within trading markets across the spectrum in coming days/weeks. (Trading involves risk. Protect your capital and use proper MM when...

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The US Dollar Index $DXY finds itself in a bullish channel similar to gold on the daily chart, watch for breakout(s) going into the weekend! All trading involves risk. Use proper MM when trading currency markets.

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Gold forms a bullish flag after lows were made around 1480 yesterday. We'll keep an eye on this channel to determine a future trend, but for now bulls are in the lead. (Trading involves risk, never risk more than you're willing to lose.)