Last charts before holiday

I will be off next week and this will probably be my last post until August 12. I tried to post as many charts as possible. Hope it helps.

Day of false breakouts

Today was interesting for gold, euro and spx charts. They all somehow showed false breakouts, i.e. broke the supports/resistances but then resolved to the other side. When this happens, since most traders are expecting the same thing after the breakout, the reverse action is very brutal as all the stop losses are hit. Take a look particularly at the gold and euro charts. These happened before the FED meeting.