The S&P 500 broke to new all-time highs last week as the uptrend continued. Notice a pin bar buy signal that formed back on July 6, and since then we can see price has pushed higher. This week, we will continue to look to buy on pullbacks to support. We see near-term support down at tge 2120-to-2105 area and that would be a good area to look to buy from, and we remain bullish above the 2065-to-2040 key support zone.

Gold: Looking to Buy on Pullback

Gold pulled back to the downside last week, but as we can see in the chart below, the uptrend is intact. We will watch closely for price action buy signals this week at 1305 support and we remain bullish biased on this market whilst prices are above 1250 key support.

This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.