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We expect HG to trend upwards with a 75% chance.

Based on the last 12 ISM Non-Manufacturing PMI events in United States, we expect HG to trend upwards. Based on these past events there is a 75% chance of this. We expect HG to trend upwards for 48 hours because the released value is < 64.3. A price movement of 7 pips is expected. Historical events that allowed us to draw this conclusion

03 Dec 15:00
04 Nov 15:00
03 Sep 14:00

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 Gold JUNE 2021. This price has been tested at least twice before.

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A final push expected on EUSTX50 as it starts approaching a price line of 3980.0000.

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