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We expect a $21.892 movement on SI within 48 hours following the event release at 27 Jul 08:00.

Based on the last 12 Ifo Business Climate events in Germany, we expect a $21.892 movement on SI within 48 hours following the event release at 27 Jul 08:00. We expect SI to trend downwards 48 hours following the event release at 27 Jul 08:00 if the released value is > 89.3

Historical events that allowed us to draw this conclusion

24 Jun 08:00
25 May 08:00
24 Feb 09:00
25 Oct 08:00
24 Sep 08:00

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

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Support line breached by GER30. This price has been tested at least twice before.

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After experiencing a 2.26% bullish move in the space of 4 days, nobody knows where Gold AUGUST 2020 is headed.

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