Gold could trade down to the lower band of the Bollinger band on the daily chart of $1210 if we get strong data out of the US tonight

Chris Weston

Pepperstone

Gold could trade down to the lower band of the Bollinger band on the daily chart of $1210 if we get strong data out of the US tonight. On the docket in the US we get November ADP private payrolls (consensus calling for 170,000), October trade balance (to narrow slightly to $40 billion), services ISM and new homes sales. My stance continues to be that the year's low of $1180 is likely to be tested in the coming weeks.


Chris Weston
Chris Weston
Head of Research
Pepperstone

Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.