Gold weekly special report based On 1.00 Lot Calculation:
- EVENT: (NFP and Unemployment, October 6th, 2023 GMT+1 13:30): The United States will report NFP and Unemployment. The last NFP came in at 187k. Unemployment printed 3.8% in the previous report, the highest level since February 2022.
- EVENT: (United States Inflation Data, October 12th, 2023, GMT+1 13:30): The United States will report its CPI and Core CPI figures for September. Augusts CPI came in at 3.7%, Year-over-Year, well below its peak of 9.1% peak in 2022. The current market expectation for CPI is 3.6%. Despite recent increases in inflation, the Bloomberg median prediction sees the next inflation print coming in lower. The lower inflation could be positive for gold, as the US dollar could weaken.
- EVENT: (Federal Reserve Interest Decision, November 1st, 2023 GMT+1 19:00): The Federal Reserve Bank will meet on November 1st to set the Fed Funds rate target. According to the most recent estimates, analysts are expecting the Federal Reserve to hold interest rates at the current level of 5.50%.
GOLD, October 3, 2023
Current Price: 1820
|
GOLD |
Weekly |
|
Trend direction |
|
|
1920 |
|
|
1900 |
|
|
1860 |
|
|
1790 |
|
|
1750 |
|
|
1720 |
Example of calculation based on weekly trend direction for 1.00 Lot
|
Gold |
||||||
|
Pivot Points |
||||||
|
Profit or loss in $ |
10,000.00 |
8,000.00 |
4,000.00 |
-3,000.00 |
-7,000.00 |
-10,000.00 |
|
Profit or loss in €2 |
9,560.82 |
7,648.66 |
3,824.33 |
-2,868.25 |
-6,692.58 |
-9,560.82 |
|
Profit or loss in £2 |
8,287.99 |
6,630.39 |
3,315.20 |
-2,486.40 |
-5,801.59 |
-8,287.99 |
|
Profit or loss in C$2 |
13,728.75 |
10,983.00 |
5,491.50 |
-4,118.63 |
-9,610.13 |
-13,728.75 |
1. 1.00 lot is equivalent of 100 units
2. Calculations for exchange rate used as of 11:15 (GMT+1) 03/10/2023
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