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.
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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 price action and advise on actionable trade ideas and investments in multiple asset classes.
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...
Expertise
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...
Expertise
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