As we compare charts we saw price action follow the course predicted. Ahead of the ECB Meetings, we now are range bound on Silver and a slight pullback on Gold. The market is looking dovish with investors expecting a 25 point increase in rates and any change above that would lead to further upside movement. This week is jammed with mixed expectations as reports are not in lockstep with each other. Non-farm employment change reports on Wednesday and Friday predict better results than last month while the Unemployment Rate, JOLTS Job Openings and PMI are predicting negative results. Let’s see how it all pans out.
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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.