Description
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We studied the trend of gold after the PCE price index report release in the past
Specially from 2017 to the present, we found that after the data was released , gold have 2 ways big probability to move
i) gold had a higher probability of increase in that day until the market closed (same day) 63%
ii) if gold not go up that day , it will continue the decline on the next 4 trading day ( 30Nov ~ 5Dec) 87.5%
So finally the gold price on 29 Nov didnt go up after the PCE price index report released
We open short trade and we can hold until the 5 Dec !!