InstaForex

Big Friday – Gold move – Volatility or Trend? 1


gold-d1-instaforex-oct-7-16

InstaForex

Bracing up for Friday move…

09:30am – GBP: positive outcome – target should be 200pips and negative outcome – target should be 300pips.

01:30pm – USD: positive outcome – target should be 700 – 2000 pips and negative outcome – target should be 500 – 1000 pips.

Don’t let the resultant move of the sell cloud your mind.

goldmicro-d1

Cautionary analysis: Why should follow the trend as it develops…

Happy trading.

InstaForex

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One thought on “Big Friday – Gold move – Volatility or Trend?

  • Onyeka Molokwu Post author

    Manufacturing Production (MoM) – GBP cause GOLD price to remain unchanged. The major movement is dependent on today’s Non-farm payrolls – 12:30pm (GMT).