Note: The S/R levels (i.e. likely bank trader order levels) as depicted in their respective timeframes in this and prior articles have not changed, and will probably NEVER change regardless what happens in financial markets. What follows is my own world view, developed from an institutional trading career dating back to 1995.
Even before new PMI numbers come out of Europe, we’re also waiting on the Fed’s minutes to the last FOMC meeting.
Basically whatever clues that will confirm the already-sour mood.
Gold looks toppish now, forming a second shoulder on the H4 chart.
Beyond that, there’s not much else to comment on except for us to present the S/R levels for the coming sessions.