Thursday, November 10, 2022

S&P 500 Forecast: Potential Drop Ahead?

Gold has approached the broken monthly downtrend. The asset is trying to draw a Doji candle thus signifying the potential reversal and drop. Currently, it would be wise to check the candlestick formations to predict the future moves of this asset.Brent oil has touched the psychological level of 100 and dropped. Oil might gain the required support at the level of 87.19 and target the level of 100 next.American index S&P 500 has pulled from the downtrend, trying to form the bearish engulfing, thus signifying a potential drop to the supporting level of 3578.

from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/s-and-p-500-forecast-potential-drop-ahead"
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