Main Scenario: As long as it stays over 1500, our main expectation is POSITIVE!
In addition, the 4-hour closing above the 1511 level could further strengthen our expectation.
Target Expectation: 1511,00 – 1520,00 – 1529,00
Considerations Supporting The Scenario: In addition to creating a BUY signal from the Relative Vigor Index, the dip effort at 1500 supports our gold positive expectation.
Alternative Scenario: Alternative expectation is NEGATIVE if you perform 4-hour closing under 1501!
Alternative Target Expectation: 1492 – 1483 – 1470
MOST IMPORTANT NEWS OF THE WEEK:
- Economic Confidence Index From Turkey,
- Consumer confidence and industry confidence from the eurozone,
- Speech by Weidmann, the Central Bank of Germany (BUBA),
- Price Index of Durable Goods Orders and personal consumption expenses from the United States,
- Speech by FOMC members Harker and Quarles