Stocks And Precious Metals Charts - NFP Next Week

By Jesse of Jesse's Cafe Americain

Thursday, July 25, 2024 5:08 PM EDT

Stocks tried to rally today but fell off into the close to set new lows.

Gold and silver were hit overnight with selling in the futures, and this continued into the day.

As one might expect for an option expiration on the Comex.Like clockwork.

FOMC and Non-Farm Payrolls next week, as indicated on the economic calendar below.

Gold has hit the Fibonacci retracement target at 2350 intraday.

They may have to let the metals up a bit, to smack them back down again next week.

Or not. Even a three-card monte game falls apart every now and then.

VIX is relatively elevated.

The Dollar chopped sideways.

Have a pleasant evening.

(Click on image to enlarge)

More By This Author:

How did you like this article? Let us know so we can better customize your reading experience.