Weekly Trade Outlook for the Gold Market

Weekly Trade Outlook for the Gold Market

 

Jack Gleason founder of Major League Trading.com reviews his trade plan focusing on the gold market this week identifying trading levels that he will be watching for possible trading opportunities and covering upcoming news that could potentially impact markets. Yesterday we had the CPI numbers out before the market opened. The numbers showed signs of inflation and the gold market reacted quickly with a strong bid from lows. We have 3 consecutive lower highs since  January 25th. The pressure is building and I am looking for a potential short squeeze with a potential  break above the 1329 price level.

 

Economic Calendar for remainder of week

Wed Mar 14       4:00am     EUR      ECB President Draghi Speaks

                           8:30am    USD      Core Retail Sales m/m

                                           USD       PPI m/m

                                           USD       Retail Sales m/m

                           10:30am   USD       Crude Oil Inventories

                             5:45pm   NZD       GDP q/q

Thu Mar 15          4:30am   CHF      Libor Rate

                                            CHF     SNB Monetary Policy Assessment

Fri Mar 16            8:30am    USD     Building Permits

                   

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