I’d mentioned yesterday to watch Gold for any new trade opportunity and that has delivered nicely. So, what is on today’s trade idea menu?

Data: Watch today for any impact from CNY Retail & Unemployment data, German Prelim GDP, US Retail Sales and US Prelim UoM Consumer Sentiment data.

Earnings:

DXY 4hr: still hovering near 100 but range-bound on low momentum. Watch to see if today’s US Retail Sales data can get the index moving with any chutzpah:

Trend line breakouts:

Gold: remember I’m on the lookout for any test of $1,800.

Gold 4hr: a $10 wedge b/o:

Gold 15 min: this b/o from yesterday is now at 7 R:

Other Markets:

GBP/USD 4hr: note the new look of a bullish-reversal Descending Wedge here on the 4hr chart and the hold back above 1.22 S/R. The Cable has been under pressure for the last two weeks so watch for any potential relief rally, even if this is only short-lived! Today’s trade idea item here is to watch for any new momentum breakout and, if this is to the upside, the 1.24 / 1.25 level would be the target:

GBP/JPY 4hr:  Watch for any new momentum breakout and, if to the upside, watch the 132 level:

S&P500 4hr: this had looked like a Bull Flag and the break was to the upside. Watch for any push to the 2,900 / 3,000 level:

ASX-200 4hr: watch for any hold above 5,300 and the 5,450 level above:

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

AUD/USD 4hr: ditto: