On Friday two major events are expected: the NFP (Jul) and the Unemployment Rate (Jul).
Gold is currently trading at $1,091-$1,092/oz
Chart: H1
Tuesday, August 4, 2015
Gold Consolidating
Gold prices are relatively unchanged in today's trading session. Market participants' focus is drifted away from the precious metals to the currency and stock market. With significant economic data in the end of the week, traders and investors may cause a storm right after the stillness.
On Friday two major events are expected: the NFP (Jul) and the Unemployment Rate (Jul).
Gold is currently trading at $1,091-$1,092/oz
Chart: H1
On Friday two major events are expected: the NFP (Jul) and the Unemployment Rate (Jul).
Gold is currently trading at $1,091-$1,092/oz
Chart: H1
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I agree, we'll probably have to wait until the NFP for any significant change to occur.
ReplyDeleteNicely spotted post.
ReplyDeleteExcellent analysis, you hit the essence.
ReplyDeleteWaiting for Friday, I guess.
ReplyDeleteGood analysis!
ReplyDeleteGreat analysis.
ReplyDelete