Upward Momentum Started. GOLD
Based on the trend line drawn on friday around 2720$ , we can see that the upward trajectory has started.
On Monday, October 28, 2024, the U.S. economic calendar includes the following key events:
1) Pending Home Sales for September: Released at 10:00 a.m. ET, this metric provides insight into the real estate market, showing the volume of contracts signed for homes. It's often a leading indicator for upcoming home sales data.
2) Dallas Fed Manufacturing Index: Scheduled for 10:30 a.m. ET, this report assesses manufacturing conditions in Texas, a key region for both oil and broader manufacturing. It includes activity, capacity, and employment metrics in the manufacturing sector.
if the results are neutral or negative, expect gold to have extra boost upwards.
On Monday, October 28, 2024, the U.S. economic calendar includes the following key events:
1) Pending Home Sales for September: Released at 10:00 a.m. ET, this metric provides insight into the real estate market, showing the volume of contracts signed for homes. It's often a leading indicator for upcoming home sales data.
2) Dallas Fed Manufacturing Index: Scheduled for 10:30 a.m. ET, this report assesses manufacturing conditions in Texas, a key region for both oil and broader manufacturing. It includes activity, capacity, and employment metrics in the manufacturing sector.
if the results are neutral or negative, expect gold to have extra boost upwards.
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