Gold Perks up on Dollar Weakness (RUT)

The US dollar was lower following the FOMC meeting, which has seen gold rise to a 7-day high during Asian trade.

Gold 1

 


In today’s video we take another look at gold prices now momentum has realigned with a higher timeframe trend, then take a look at dollar weakness via USD/CHF. As for indices, we highlight a key level on the Russell 2000 which could act as a pivotal level for bullish or bearish setups as we head towards the weekend.


S&P 500: Market Internals


S&P 500: 4400.64 (-0.02%), 28 July 2021

  • Energy (0.97%) was the strongest sector and Consumer Staples (-0.86%) was the weakest
  • 7 out of the 11 sectors traded lower on the S&P 500
  • 224 (44.36%) stocks advanced and 280 (55.45%) declined
  • 88.32% of stocks closed above their 200-day average
  • 100% of stocks closed above their 50-day average
  • 59.41% of stocks closed above their 20-day average

Outperformers:

  • + 7.58%   -  Advanced Micro Devices Inc  (AMD.OQ) 
  • + 6.34%   -  Moderna Inc  (MRNA.OQ) 
  • + 5.83%   -  Monolithic Power Systems Inc  (MPWR.OQ) 

Underperformers:

  • -5.71%   -  Humana Inc  (HUM.N) 
  • -3.08%   -  CH Robinson Worldwide Inc  (CHRW.OQ) 
  • -3.06%   -  Stanley Black & Decker Inc  (SWK.N) 

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