Based on the last 12 Non Farm Payrolls events in United States, we expect GC to trend downwards right now. Based on these past events there is a 80% chance of this. We expect GC to trend downwards for the next 4 hours because the released value is > 870K. A price movement of 2,435 pips is expected.
Historical events that allowed us to draw this conclusion
02 Jul 12:30 |
02 Apr 12:30 |
06 Nov 13:30 |
07 Aug 12:30 |
All references to movement sizes are expressed assuming a lot size of 100,000 units (“standard account”).
