Analyst
Bullish Preference: Buy if price trades above 1912.00 with take profit at 1923.00
Bearish Preference: Sell if price trades below 1902.00 with take profit at 1897.00
FOMC Statement (USD) 8pm
FOMC Press Conference (USD) 8:30pm
Comments: Gold has been reacting majorly to the sentiments of traders, and given the results of how the election has been going, it shows uncertainty in the market, which is one of the major catalysts for a boost in Gold. Investors are also hopeful of a Biden win which means a bigger stimulus check which will also boost Gold.
Bullish Position: Buy position is envisaged if price gets to 1.30195 with a take profit 1.30443
Bearish Position: Enter a Sell position if price trades below 1.29412 with take profit at 1.29164
BOE Gov Bailey Speaks (GBP) tentative
FOMC Statement (USD) 8pm
FOMC Press Conference (USD) 8:30pm
Comment: The bank of England recently released a report that states their interest rate will remain the same at 0.10%; this gives a positive sentiment to the UK despite rumours of a negative interest rate. It also boosted GBPUSD because the dollar remains weak and uncertain.
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