DJIA
The index declined previously reaching 23.6% correction level for the bullish move from 10915 to 11446, to take a support from this level that pushed up the price again, and as it was mentioned through the previous report the formation of the (AB=CD) harmonic pattern, which remains tell now with the stability of the (C) point , as after the index has reflected from 23.6% level; it is expected that the index will continue rising to target the (D) area between 11520 and 11540, but in case the index was able to break 11285 level that represent the (C) point; it is expected that the index will have further falling that may reach 50% correction level.
EUR/USD
Yesterday trades reflect optimism that controls investors towards high yield currencies and the most risky so, the European currency rose against the U.S dollar, it is mentioned through yesterday report that, if the pair could not hold the stability of 1.3175 support and broke the short-term bearish trend line, the pair will continue rising till reach 1.3427, and this is what happened already, whereas, the pair registered the highest price during yesterday trades by reaching 1.3433. Now, the pair is trading under 1.3427 resistance which represents the (B) point for Gartley negative harmonic pattern that is mentioned through the previous reports. Breaking the resistance point (B) means more rising till reaching (D) point which completes the pattern and located between the level 1.3592 which represents 76.4% Fibonacci correction level for the rib (XA), and the level 1.3655 which represents 200% Fibonacci continuous level for the rib (BC). The stability of these expectations requires the stability of 1.3280 support.
GOLD
As expected in yesterday report; the gold has rose up breaking the resistance level 1392 to continue rising where approached to achieve the referred targeted price by reaching the resistance level 1406, this rise was supported by the decline of the U.S dollar against the major currencies, expecting for the next trades a further rise till the level 1431 but reaching this level; the resistance level 1406 must be broken by a good close above it. This expectation depends on the stability of the support level 1392.
