Weekly Outlook: 2015, March 15 - 22

The gold markets as you can see fell during the course of the week, testing the $1150 level. Because of this, we feel that the market will more than likely continue to drop a bit this week, as the real support is closer to the $1140 region. Ultimately, we will have to see what happens at the $1140 level, so for long-term traders this is a market that’s probably best left alone until we either get a supportive candle there, or break down below that level on a weekly close.



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The EUR/USD pair broke down during the course of the week slicing through the 1.05 level at the end of the Friday session. Because of this, looks like the market is ready to continue going much lower, and a break down below the bottom of the range should send this market looking for the parity level given enough time. Ultimately, if we rally at this point in time it should just simply be thought of as value in the US dollar as it is the favored currency by Forex traders around the world.



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