Gold is trading above all the 50d, 100d and 200d EMA which is a bullish indicator. Short term I see resistance at 1990 and then 2040. Given the geo-political tensions these are key levels I am watching.
The defence sector has (ITA US) come under pressure lately due to concerns about the budget spending by the DoD given fiscal constraints in the US. Given the recent geo-political events are we seeing a breakout - Key members include RTX, BA, LMT and NOC. Thoughts?
