1768 vs 1745 with bullish news ADP and initial jobless
important news = a reason to continue bullish trend
like 30 September initial jobless claim, the market forecast a lower jobless but the result is higher jobless number than forecast and previous (super bullish news)
previous 351 forecast 335 result 362 mean covid19 high number cases affect US news
ADP news 6 October 12:15
Initial jobless claim 7 October 12:30
on both news, IMO market forecast predict recovery from covid19
but with the number of cases of covid19 still high IMO it still bullish news for gold
focus on 1768 resistance vs 1745 support for now with TP 1 at 178x
how bear should act for now? need tappering news or covid19 recovery on USA and October monthly close under 1770
tappering news = 3 November FED FOMC
how bull need to act for now? need a higher high or 184x zone hit and 1800 zone support retest for validation into 1878$ as next target
like 30 September initial jobless claim, the market forecast a lower jobless but the result is higher jobless number than forecast and previous (super bullish news)
previous 351 forecast 335 result 362 mean covid19 high number cases affect US news
ADP news 6 October 12:15
Initial jobless claim 7 October 12:30
on both news, IMO market forecast predict recovery from covid19
but with the number of cases of covid19 still high IMO it still bullish news for gold
focus on 1768 resistance vs 1745 support for now with TP 1 at 178x
how bear should act for now? need tappering news or covid19 recovery on USA and October monthly close under 1770
tappering news = 3 November FED FOMC
how bull need to act for now? need a higher high or 184x zone hit and 1800 zone support retest for validation into 1878$ as next target
Commentaire:
if ADP newws = higher than forecast = bearish news possible 1745 broken and see 1735 support retest
Commentaire:
Monday or Tuesday movement
1755 support vs 1761 resistance
1755 support vs 1761 resistance
