Charlie’s Charts 15th May 2025
The local index shows the daily range consolidating at these levels. After a fast move up from the lows a bit of a pullback would be normal. US Stock markets gapped up on the news that the US and China would have a pause on tariffs for 90 days. The QQQ ETF has retraced around 75 per cent of the recent losses. The gold price fell on news of a truce on tariffs between the US and China and has also fallen below an area of support. Next major support comes in near the US$3,000 an ounce mark. The Brent […]