GoldCartel - Potential bullish pennant
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.
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.
Trade active
Just in:USD
- Advance GDP q/q -32.9%
- Advance GDP Price Index q/q -1.8%
- Unemployment Claims 1434K
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Upgrade Your Trading Station with Gold Cartel
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.