Today's important facts and data
- The number of ADP jobs in the US in May. The market is expected to increase by 650,000, and the previous value is 742,000.
- The number of initial jobless claims in the United States until May 29 will be published, expected to be 390,000 (decreased for 7 consecutive weeks).
- EIA crude oil inventories from the United States through the week of May 28 are expected to decrease by 2.114 million barrels.
- Atlanta Fed President Bostic will deliver a speech, followed by a speech by Fed Governor Quarles.
Comment on Gold on 03/06/2021:
‼️During yesterday's session, precious metal Gold once fell to 1894 after touching this price range. Gold bounced back to 1908 and closed the day with a bullish candle here. With this precious metal closing yesterday with a bullish candle, it is likely that in the beginning of today's session Gold can retest the "old top" of 1912-1915 and we need to wait for more signals. to sell down with this precious metal.
- Although yesterday Gold rebounded at the end of the session, but not because of that, I changed my opinion on Gold as reported yesterday morning. Around this price range 1910-1912 is still a price zone where we can establish a sell position with a safe target around 1900. And if Gold price breaks through the 1892-1896 zone, it is likely that this metal will further drop points.
#DAX #ANALYSIS
The volatility is horrible again and yesterday was a day in which the movements were rickety. Now a little side has been created that we hope it will break soon. At the moment the trend is still upward but at any time there may be a fall as it does not take off well from the old historical highs. As for data, today there is a report from ADP, weekly unemployment claims and PMI for services in the USA.
For More Interested Trading Ideas and Strategies Visit Money Life Research
No comments:
Post a Comment