Most global stocks indices traded lower to start the week with the continued risk-off sentiment due to Coronavirus. Gold finally caught a flight to safety bid though and gave a great trend line breakout and TC signal as well. Many of the other instruments I monitor are little changed and trading on declining momentum.

Data: Coronavirus news remains the main driver but watch also for impact from a US President Trump speech and a batch of Manufacturing & Service PMIs from EUR, GBP and USA.

Earnings:

DXY daily: an indecision-style Inside candle brewing here as 103.80 resistance lies above:

Trend line breakouts:

Gold: gave a great trend line breakout and TC signal from the chart pattern posted over the weekend:

Gold 4hr: the chart from my weekend analysis:

Gold 4hr: chart after the $65 trend line breakout:

Gold 5 min: a great TC signal for $45 and 3 R that triggered along with the trend line breakout. This is what I refer to as an optimal TC signal:

Other markets:

S&P500 4hr: lower on the day but still pattern-bound and on declining momentum:

ASX-200 4hr: also lower on the day but still pattern-bound and on declining momentum:

Oil 4hr: holding above $20 for now BUT still looking for any relief rally to fill the recent gap. There is confluence here as this is also near the 4hr 200 EMA & 61.8% fib. Any sustained bounce, with momentum, would bring $41.50 into focus.

EUR/USD 4hr: holding above 1.065 support for now:

AUD/USD 4hr: holding near 0.58 for now BUT note the declining momentum:

AUD/JPY 4hr: holding near 65 for now and note the declining momentum; hence the adjustment to the support trend line:

GBP/USD 4hr: holding above the 2016 Low of 1.045 for now but note the declining / low momentum:

NZD/USD 4hr: holding near 0.57 for now and note the declining momentum; hence the adjustment to the support trend line:

USD/JPY 4hr: holding under the 5-yr trend line and 112 level for now but note the declining momentum:

GBP/JPY 4hr: holding fairly steady for now and note the declining momentum; hence the adjustment to the support trend line: