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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