Core Data and Event Analysis for the Super Week
The upcoming week will see a dense window of key data releases and events, featuring "PMI + ADP Employment + Central Bank Rate Decision" — each with the potential to break the current range-bound market pattern for gold:
Nov 3: Global Manufacturing PMIs
Market expectations point to a reading of 49.2 for the U.S. October ISM Manufacturing PMI, while China’s SPGI Manufacturing PMI is projected to remain below the 50.0 expansion-contraction threshold at around 49.0%.
- A U.S. PMI print below 48.5 would reinforce expectations of economic slowdown, fueling bets on monetary easing and lifting gold sentiment.
- A reading above 49.5, however, could further weigh on gold prices by signaling relative economic resilience.
Nov 5: U.S. ADP Employment Report
As a leading indicator for nonfarm payrolls, the ADP report is expected to show 170,000 new jobs added in October.
- If the actual figure falls below 150,000, the probability of a Fed rate cut in December may rise above 70%, directly driving gold to test the 4,040 USD resistance level.
- A print above 200,000 could trigger a pullback in gold to the 3,970 USD support zone.
Nov 6: Bank of England (BoE) Rate Decision
Market sentiment is divided ahead of the BoE meeting: most institutions anticipate rates to stay unchanged at 4.0%, but Goldman Sachs forecasts a 25-basis-point cut.
- Should the BoE initiate an interest rate cut cycle, it would boost global expectations for monetary easing, providing indirect support to gold prices.
Nov 7: Collective Remarks by FOMC Members
Five core members of the U.S. Federal Open Market Committee (FOMC) will deliver speeches. Key focus will be on their comments regarding a potential December rate cut and inflation trends.
- Hawkish signals (e.g., emphasizing persistent inflationary pressures) may trigger a short-term correction in gold.
- Dovish comments (e.g., noting signs of softening in the labor market) are likely to act as a catalyst for gold to break above key resistance levels.
Next week's trading strategy and analysis
buy：4000-4010
tp:4025-4035-4100
sl:3995
The upcoming week will see a dense window of key data releases and events, featuring "PMI + ADP Employment + Central Bank Rate Decision" — each with the potential to break the current range-bound market pattern for gold:
Nov 3: Global Manufacturing PMIs
Market expectations point to a reading of 49.2 for the U.S. October ISM Manufacturing PMI, while China’s SPGI Manufacturing PMI is projected to remain below the 50.0 expansion-contraction threshold at around 49.0%.
- A U.S. PMI print below 48.5 would reinforce expectations of economic slowdown, fueling bets on monetary easing and lifting gold sentiment.
- A reading above 49.5, however, could further weigh on gold prices by signaling relative economic resilience.
Nov 5: U.S. ADP Employment Report
As a leading indicator for nonfarm payrolls, the ADP report is expected to show 170,000 new jobs added in October.
- If the actual figure falls below 150,000, the probability of a Fed rate cut in December may rise above 70%, directly driving gold to test the 4,040 USD resistance level.
- A print above 200,000 could trigger a pullback in gold to the 3,970 USD support zone.
Nov 6: Bank of England (BoE) Rate Decision
Market sentiment is divided ahead of the BoE meeting: most institutions anticipate rates to stay unchanged at 4.0%, but Goldman Sachs forecasts a 25-basis-point cut.
- Should the BoE initiate an interest rate cut cycle, it would boost global expectations for monetary easing, providing indirect support to gold prices.
Nov 7: Collective Remarks by FOMC Members
Five core members of the U.S. Federal Open Market Committee (FOMC) will deliver speeches. Key focus will be on their comments regarding a potential December rate cut and inflation trends.
- Hawkish signals (e.g., emphasizing persistent inflationary pressures) may trigger a short-term correction in gold.
- Dovish comments (e.g., noting signs of softening in the labor market) are likely to act as a catalyst for gold to break above key resistance levels.
Next week's trading strategy and analysis
buy：4000-4010
tp:4025-4035-4100
sl:3995
액티브 트레이드
Do you think the price of gold will surge significantly tomorrow?
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💎 Free Trading Signals: t.me/+e1D3W7yOpLMzNTYx
면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.