A.M. Look 5/26/17

Gold...50X3 P&F…is trading near the top of value on the P&F charts.
There is a gap @ 1276.90 on the daily continuation.
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Gold..100X3 P&F

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Gold/Yen is trading at its 200 DMA.
Gold/Yuan is through its 200 DMA
Gold/GBP is trading at its 200 DMA.
Gold/CNY
is trading into its 200DMA. Gold should lead.USD/CNY…

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GBP/JPY…there is room for another figure of weakness into 141.61
which should line up with 127.30 Sterling.

 

Germany has been trading weak on Trump bashing.

DAX/BUND…the short-term path of least resistance is lower, meaning more room for a further Bund rally and DAX weakness.

This picture is near-term Risk Off for Germany.

U.S. Indices will be a trade what you see affair. Time Frame Trading.

As of now we have potential stranded closes in the Spu & Nasd 100 Pit.

It’s all about the gaps form yesterday.

Volume will be nil after London’s close.

The afternoon will be Bot driven on little or no volume.
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