Looks possible, not sure about a full 20 USD drop - Main impact tomorrow's news is Core Durable Goods and Unemployment.
Unemployment is definitely subject to a skewed, usually positive number around these months due to the holiday help if hired full time,
all to be dumped by January!
Southside, I'm eyeing up 1236 as the first decisive stop.
Yet, with the little bounce back and being that we are closer, I'm looking for a potential break past 1251/2 area which would then negate the short as of yet.
so we'll see how London does.
If the price does indeed rise past 1250 and the news is dollar positive (out @ 830:am EST) then the short's may look to squash the new high..
Waiting game.
Here's a screen of tomorrow's USD news. all.
Unemployment is definitely subject to a skewed, usually positive number around these months due to the holiday help if hired full time,
all to be dumped by January!
Southside, I'm eyeing up 1236 as the first decisive stop.
Yet, with the little bounce back and being that we are closer, I'm looking for a potential break past 1251/2 area which would then negate the short as of yet.
so we'll see how London does.
If the price does indeed rise past 1250 and the news is dollar positive (out @ 830:am EST) then the short's may look to squash the new high..
Waiting game.
Here's a screen of tomorrow's USD news. all.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News