Technical Analysis

For the week, the major indices end up modest The major US indices are ending the session with losses on the day led by declines in the tech heavy Nasdaq. Chip stocks were hit hard after Broadcom announced worse than expected earnings and forecasts for earnings/sales going forward, blaming tariffs and China. The final numbers
Move above topside channel trend line failed The price of gold is trading off highs but is still higher on the day.  The current price is at $1347 up above $4.55. The high reached $1358.26. The low for the day reached $1341.93. Technically, the pair moved above a topside trend line earlier in the day
Back above  March lows. Above 38.2% retracement The AUDUSD is trading to news session highs, and in the process has moved above the April low at 0.6987,the March low at 0.7002 and the 38.2% between those levels at 0.6994. The high just traded to 0.7022. The broken levels are now risk for longs.   The next