Gold continued its drop at Monday market open on concern about the potential US tapering of stimulus. Most other instruments are little changed though in the wait for Wednesday’s CPI data.

 

Data: relatively quiet for Tuesday:

 

Earnings:

 

DXY weekly: drifting higher again BUT note the continued decline with momentum:

 

Gold:

Gold 4hr: the sell off continued and the fib levels have been revised. This might continue to be volatile with CPI looming:

 

Gold 30 min: note the continued move lower here with this short-term signal:

 

Other markets:

SPX 4hr: watch for any new TL b/o:

 

ASX-200 4hr: watch for any new 7,550 b/o:

 

EUR/USD 4hr: still weak here BUT note the look of a wedge SO watch for any new TL b/o; up or down:

 

AUD/USD 4hr: weaker here BUT watch the daily 200 EMA for any new TL b/o:

 

AUD/JPY 4hr: watch for any new TL b/o:

 

NZD/USD 4hr: weaker here BUT watch 0.70 for any new TL b/o:

 

GBP/USD 4hr: watch for any new TL b/o:

 

USD/JPY 4hr: watch for any new TL b/o:

 

GBP/JPY 4hr: watch for any new TL b/o: