SPX 500 Stop to Consolidate Before Fed Announcement,Gold

US greenback TECHNICAL ANALYSIS – costs could also be losing steam once striking a brand new 11-year high as signs of negative RSI divergence begin to emerge. A daily shut back below the thirty eight.2% Fibonacci expansionat 12407 exposes the twenty three.6% level at 11965. instead, a push higher than the five hundred Fib at 12221 opens the door for a challenge of the sixty one.8% growth at 12335.

 

S&P five hundred TECHNICAL ANALYSIS – costs stalled when trying to launch a reversal upward. Near-term resistance is at 2093.50, the 38.2% Fibonacci retracement. an opportunity higher than that on a daily closing basis exposes the five hundred level at 2110.00. or else, a reversal below the twenty three.6% Fib at 2073.10 targets the 2033.00-40.10 space (March eleven low, 61.8% Fib retracement).

 

 GOLD TECHNICAL ANALYSIS – costs square measure digesting losses when dropping to a three-month low. a possibility on top of the five hundred Fibonacci enlargement at 1163.43 on a daily closing basis exposes the thirty eight.2% level at 1177.51. or else, a push below the sixty one.8% Fib at 1149.35 targets the seventy six.4% enlargement at 1131.92.

 

CRUDE OIL TECHNICAL ANALYSIS – costs still push lower, with a daily shut below the sixty one.8% Fibonacci retracement at fifty one.97 exposing the seventy six.4% level at forty nine.37. or else, a reversal higher than the five hundred Fib at fifty four.08 targets the thirty eight.2% retracement at fifty six.18.