RobertSoos
Long

Spot gold break out - potential take profit levels

FX:XAUUSD   Gold/U.S. Dollar
When markets start to price inflationary pressure it is usually good time to buy gold             . However if economic data is going to be dissapointing plus crude prices halt their ascent, gold             will fall back. Need to wath for crude prices for correlation...
Comment: 1- Yesteday's (Oct. 8th) Fed minitues were rather tuned dovish
2 - Fed funds futures price rate hike only for 2016 March.
3 - USD in weakening good for broad base of commodities especially Oil and METALS
Trade closed: target reached
Waiting for a pullback on GOLD (XAUUSD)
Reply
United States
United Kingdom
India
Deutschland
España
France
Italia
Polska
Brasil
Россия
Türkiye
Indonesia
Malaysia
日本
한국
简体
繁體
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Priority Support Ideas Published Followers Following Private Messages Chat Sign Out