Yesterday was about the retracement of the USD.
But do you know what happened? Will the rising continue?
Probably, yes. Because of to things:
- USD against Sterling. Sterling’s price is falling what pushes the USD up.
- the fear of US-China trade war is lot lower, so investors started to come back. The bad datats stopped the movement for a while, but didn’t change the new trend.
Wednesday’s most important data is the US GDP (probably better than the expected). This data will able to push the USD higher and the GOLD’s price down.
The other question is, how will the british HPI datas will change the GDP price. My bet is that it will not really move it, the GBP will be weaker and weaker.
I think that the EUR will go to lower areas, becuase nothing holds it up. The investors has better options to trade…
What can you do to make profit today and this week?
Invest your money ( CLICK HERE ) or just sell GOLD (use strict risk management).
Contact me if you want to be a part of our successful trader and investor group!