GoldCartel - Potential bullish pennant

30 lug 2020

Quite sketchy, but I reckon there's a possibility of forming a bullish pennant. This analysis fails if it can break out and close above the 1981 zones.

Catalyst USD:
- Goods Trade Balance -70.6B
- Prelim Wholesale Inventories m/m -2.0%
- Pending Home Sales m/m 16.6%
- Crude Oil Inventories -10.6M
- Federal Funds Rate <0.25%

I sent these charts below to my client's to trade FOMC a few hours ago. It was a quick trade, less than 2 hours of trade. 1973-75 down to 1950, rinse and repeat.

30 lug 2020

Trade attivo

Just in:

USD
- Advance GDP q/q -32.9%
- Advance GDP Price Index q/q -1.8%
- Unemployment Claims 1434K