In early trading, European stocks have opened lower. STOXX600 down -0.35%. American Futures are also down. Dow Fut -0.22%.
In Australia today, RBA left interest rates on hold. ASX jerked higher on the news then gave back a chunk with the XJO finishing up +0.54%.
XJO remains in a bullish up-trend. Stay with the trend until clear weakness is seen in the chart.
All sectors were up today, with the best being Information Technology (XIJ), up +1.14%.
Gold Miners (XGD) was up +1.89%.
Here's the XGD chart;
Despite today's good result, the shor-term trend is bearish. Today's candle finished at dual resistance - horizontal and the 50-Day MA. XGD needs to rise above both of those and over come the resistance of triple Supertrend lines. It might make hard work of that.
At this stage of proceedings it seems likely that the XJO will remain in consolidation mode tomorrow. Sydney Futures are currently down -0.12%.
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