/GC (gold futures) made a perfect tag of the primary uptrend line on the 60-minute time frame, followed by the typical reaction in so far with another leg down in gold likely to start soon.
GC 60m June 4th
Far from coincidence, today’s reversal in /DX (US Dollar futures) coincided with /GC gold reversing off the primary uptrend initial target. As /DX remains above key support with the near-term trend still bullish, this pullback offers an objective long entry or add-on to an existing position.
DX 60m June 4th
/NQ snapped back into the recent trading range on today’s jobs report with the negative divergences still well intact for now while any marginal new high soon would only extend the negative divergences that were in place at the recent highs.
NQ 60m June 4th