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We expect GF to trend upwards for the next 48 hours.

We expect GF to trend upwards for the next 48 hours. Based on these past United States Fed Interest Rate Decision news events there is a 75% chance of this. We expect this to happen because the released value is = 0.25%. A price movement of 541 pips is expected.

Historical events that allowed us to draw this conclusion

29 Jul 18:00
29 Apr 18:00
29 Jan 19:00
11 Dec 19:00
30 Oct 18:00
18 Sep 18:00
19 Jun 18:00
30 Jan 19:00

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

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After testing 1979.2000 numerous times, Gold DECEMBER 2020 is once again approaching this price point. Can we expect a bullish trend to follow?

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