Good day,

Having approached the level of 4200 for the third time in a row, American stock index S&P500 did not manage to break this level, remaining in the below. So far, we feel that a bullish trap might form, bringing the asset prices down. And this is exactly what is happening right now.

The price of currency pair EUR/USD keeps pulling from the level of 1.2243. At that, the asset is trying to close the trading day with a bearish engulfing. The price of Euro might potentially hit the level of 1.2000.

Currently, gold is touching the upper boundary of newly formed uptrend. Gold might undergo correction and drop. The asset might pull from the uptrend and head North afterwards.

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