Hello, I just wanted to check in and ask if anyone thinks it is weird there is no reaction to this piece of news?
This data typically moves Gold up or down $10-15 in an instant.
The release is insane. Previously we came in negative so the forecast was a mere 0.50. Yet when this data was released on Friday, it was a very solid 24.60.
Is anyone, likewise, expecting a strong southwards move for Gold and XXX/USD pairs on Monday? Possibly even a gap down? Gold was closed for trading on Friday, but it seems to suggest we will have a big down move for Gold on Monday. I don't think the low of Thursday (1960) will hold. Maybe a test of 1950 again on Monday?
This data typically moves Gold up or down $10-15 in an instant.
The release is insane. Previously we came in negative so the forecast was a mere 0.50. Yet when this data was released on Friday, it was a very solid 24.60.
Is anyone, likewise, expecting a strong southwards move for Gold and XXX/USD pairs on Monday? Possibly even a gap down? Gold was closed for trading on Friday, but it seems to suggest we will have a big down move for Gold on Monday. I don't think the low of Thursday (1960) will hold. Maybe a test of 1950 again on Monday?