Today is GDP that means consumer spending; which is the primary driver for GDP for the US economy by 68% being consumption of the population.
A low amount its deflationary which should raise the value of gold but a higher number its inflationary which should drop gold.
On the picture of my chart is my expectation but all in all should be moved due to data.
Market will move weird till the data comes out on investing.com so pay atention since it tends to consolidate and behave weird.
P.s. not a financial advise, this is merely for my friends who like to see it by my eyes. Also i wont be showing the trades i do before hand being TP or SL, just analysis.
A low amount its deflationary which should raise the value of gold but a higher number its inflationary which should drop gold.
On the picture of my chart is my expectation but all in all should be moved due to data.
Market will move weird till the data comes out on investing.com so pay atention since it tends to consolidate and behave weird.
P.s. not a financial advise, this is merely for my friends who like to see it by my eyes. Also i wont be showing the trades i do before hand being TP or SL, just analysis.
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