as we know we have CPi news on CAD, today we also have France and Italy bank holidays, Most of the liquidity of European Countries aren't involved in the market,
if CPI gets a new record of strength , it may make dollar weak on USD cad,
USD weakening is also comes for bullish movement on gold.
on the other hand we have a positive forecast on CPI m/m on CAD,
i am searching for a nice entry on Gold coming right after CPI news on cad.
correlation magic, huh?
let's see
( this analyze is a bit risky for today, so use small lot size and trail your stoploss around 70 points )
if CPI gets a new record of strength , it may make dollar weak on USD cad,
USD weakening is also comes for bullish movement on gold.
on the other hand we have a positive forecast on CPI m/m on CAD,
i am searching for a nice entry on Gold coming right after CPI news on cad.
correlation magic, huh?
let's see
( this analyze is a bit risky for today, so use small lot size and trail your stoploss around 70 points )
Note
waiting for confirmation , nothing yetNote
missed the main move,
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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.