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We expect YM to trend upwards today with a 75% chance.

Based on the last 12 Non Farm Payrolls events in United States, we expect YM to trend upwards later today. Based on these past events there is a 75% chance of this. This may happen if the released value is > 469K

Historical events that allowed us to draw this conclusion

06 Nov 13:30
07 Aug 12:30
02 Jul 12:30
05 Jun 12:30
08 May 12:30
07 Feb 13:30
06 Dec 13:30

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

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Gold FEBRUARY 2021 is quickly approaching 1840.7000. We expect either a breakout through this line, or a rebound.

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