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otterslide
Oct 28, 2019 5:43 PM

Possible breakout on Wednesday Long

Gold/U.S. DollarFXCM

Description

We could see a real breakout on Wed if the GDP disappoints in the morning.
The following 25bps cut, with about 90%+ chance, could go either way for gold. Stocks may rally on it, or it could be an indicator that a recession is coming and cause some gold buying.

Comment

Not a big break, but so far following the line almost exactly..
Some important numbers tomorrow morning, could see that 1515 to 1520 mark again. Personal Income, Spending, Manufacturing..

Trade closed: target reached

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