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We expect a 14,700 pip movement on YM within 4 hours following the event release.

Based on the last 12 Markit Manufacturing PMI Flash events in Germany, we expect a 14,700 pip movement on YM within 4 hours following the event release at 22 Jan 08:30 UTC. We expect YM to trend upwards 4 hours following the event release at 22 Jan 08:30 UTC if the released value is > 57.5

Historical events that allowed us to draw this conclusion

16 Dec 08:30
23 Oct 07:30
23 Sep 07:30
24 Jul 07:30
23 Jun 07:30
24 Mar 08:30
21 Feb 08:30

All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).

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A final push expected on Gold FEBRUARY 2021 as it starts approaching a price line of 1854.8000.

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Important price line being approached by US30. This price has been tested numerous times before.

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