Market preview – week of Apr. 22, 2019 — Clone of

Summary

  • The S&P500 index is expected to have a breakout movement this week. The FOMC policy announcement Wednesday will directly influence price moves. Watch the retest of the break-out point to see if the index is making a true breakout or not.
  • Oil is expected to have a further pullback this week to search for support. If it has an early bounce, it is likely to see more selling pressure.
  • GOLD is expected to go sideways in the current range from $1300 to $1278 first and wait for the FOMC announcement. After the announcement, the gold market can reveal a final decision on which direction it really wants to go next.

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