Weekly analysis- Forex Technical Analysis: Trend potential – Weekly Review. S&P500, Brent, gold

S&P500 Monthly chart:bulls are giving ground considering the results of March closing. We already have upper Bollinger envelope breakout, so we may expect drop towards middle Bollinger band (2118.3)Weekly chart: upper Bollinger band (2427.6) is likely to be tested. From there we may consider selling to 2279.6 (middle Bollinger band)Daily chart: here we are observing flat area of 2339.6-2392.6 (Bollinger envelopes range). The price is not likely to leave this area during the week.Expectations:Core scenario – flat at 2339.6-2392.6Alternative scenario – shot to 2427.6 followed by drop.Trading signals: look for entry points to the downside at resistance levels of 2392.6 and 2427.6BrentMonthly chart: the price keeps walking on middle Bollinger band (48.79) inside of broad flat corridor of 34.97-62.61.Weekly chart: there is more narrow flat corridor of 46.57-60.92 (Bollinger envelopes range). ADX shows weak trend, so the price is not likely to leave flat soon.Daily chart: there is a strong resistance level at 56.06 (upper Bollinger band). Bulls are pushing ADX up but from the technical point of view this level is likely to have high bearish oil supply.Expectations: rise to 56.06 followed by great drop.Trading signals:1. Consider buying to 56.062. Consider selling from 56.06GoldMonthly chart: the price keeps rotating around middle Bollinger band (1204.58). ADX shows correction and no trend.Weekly chart: there is a strong resistance level in upper Bollinger band region (1287.97). However, considering ADX pressure there is a chance of touching 1338.00 area (see purple arrow)Daily chart: here ADX shows very weak trend, so there is a question if bulls will be able to climb higher than 1266.46 (upper Bollinger band). There is a flat area of 1194.55-1266.46.Expectations:Core scenario – we expect the price to touch 1266.46 and then drop to 1230.20 areaAlternative scenario – shot to 1298.00Trading signals:1. Consider buying to 1266.462. Consider selling from 1266.46 (in case of short-signals in this area)
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