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Gold at new high, Wall Street implodes

|Includes: FXE, GLD, SPDR S&P 500 Trust ETF (SPY), USL, USO, UUP

US stock markets fell strongly on tuesday 2nd of August.

Silver and Gold closed higher, with Gold hitting a new all time high above $1660 per ounce.
The Euro was lower by half a figure vs the USD.
West Texas Intermediate Crude Oil closed around $95 per barrel.


The Big Picture

On tuesday 2nd of August, US stock markets closed lower with the European boursers falling sharply and investors starting to realize the negative economic data around the world.

 

Outlook

S&P 500 presents resistance 1303 to 1309 points and support at 1210 points.

Gold presents resistance at $1700 and support at $1604 to $1580.

The Euro euro presents resistance at $1,4750 and support at $1,40 and below at $1,3730.

Crude Oil presents resistance at $102,40 to $104 and support around $91,40.

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