We studied the trend of gold after the PCE price index report release in the past
Specially from 2017 to the present, we found that after the data was released , gold have 2 ways big probability to move
i) gold had a higher probability of increase in that day until the market closed (same day) 63%
ii) if gold not go up that day , it will continue the decline on the next 4 trading day ( 30Nov ~ 5Dec) 87.5%
So finally the gold price on 29 Nov didnt go up after the PCE price index report released
We open short trade and we can hold until the 5 Dec !!
Note
good news for everyone got big profits
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.