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RobertSoos

Spot gold break out - potential take profit levels

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Ouro/Dólar Americano (FX:XAUUSD)  
RobertSoos Atualizado   
FX:XAUUSD   Ouro/Dólar Americano
Gold fed breakout dollar inflation
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gold fed breakout dollar inflation
When markets start to price inflationary pressure it is usually good time to buy gold. However if economic data is going to be dissapointing plus crude prices halt their ascent, gold will fall back. Need to wath for crude prices for correlation...
Comentário:
1- Yesteday's (Oct. 8th) Fed minitues were rather tuned dovish
2 - Fed funds futures price rate hike only for 2016 March.
3 - USD in weakening good for broad base of commodities especially Oil and METALS
Trade fechado: objetivo atingido
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