US: Personal Consumption Expenditure Price Index (PCE) is expected to increase 3% in October in the US, down compared to September, due to falling energy prices. This is a factor the FED will consider before deciding on interest rates. Canada's economy is forecast to grow by 0.2% over the same period last year, but still faces pressure from the Central Bank's interest rate increase.
Europe: Core inflation in the Eurozone decreased to 3.9% in November from 4.2% in October. France and Italy are expected to reduce their annual inflation rates. The German job market is expected to be stable, but still struggling with difficulties and recruitment slowing down.
Asia: China's manufacturing PMI index is forecast to increase slightly, but still below the 50 threshold, showing that manufacturing activities are shrinking due to weak demand. The Indian economy is forecast to grow 6.8% in the third quarter, despite a decline in exports, thanks to support from the service sector and domestic demand.
Signal Identification
GOLD: Gold price is trending up in the short term. If gold maintains above 2,053, investors can "LONG" with the expectation of taking profits at 2,060 and 2,080. On the contrary, if gold falls below the level of 2,046 - 2,050, investors should "SHORT" with the expectation of taking profits at 2,036 and 2,027.
Europe: Core inflation in the Eurozone decreased to 3.9% in November from 4.2% in October. France and Italy are expected to reduce their annual inflation rates. The German job market is expected to be stable, but still struggling with difficulties and recruitment slowing down.
Asia: China's manufacturing PMI index is forecast to increase slightly, but still below the 50 threshold, showing that manufacturing activities are shrinking due to weak demand. The Indian economy is forecast to grow 6.8% in the third quarter, despite a decline in exports, thanks to support from the service sector and domestic demand.
Signal Identification
GOLD: Gold price is trending up in the short term. If gold maintains above 2,053, investors can "LONG" with the expectation of taking profits at 2,060 and 2,080. On the contrary, if gold falls below the level of 2,046 - 2,050, investors should "SHORT" with the expectation of taking profits at 2,036 and 2,027.
Comment:
Take Profit 100Pip
Comment:
Trading news: it slips around 2043-2046 (not exceeding the old price range of 2050)
GOLD possibility returns to 2036-2031-2027
It turns out that the M30 candlestick strongly withdrew and entered the SELL order, which was always around the above area.
Check it out because the news is very risky (if it falls sharply above the 2043-2046 price range, follow the CTFX plan that supports the Plan in the morning).
GOLD possibility returns to 2036-2031-2027
It turns out that the M30 candlestick strongly withdrew and entered the SELL order, which was always around the above area.
Check it out because the news is very risky (if it falls sharply above the 2043-2046 price range, follow the CTFX plan that supports the Plan in the morning).