Gold achieves forecasted levels
|Today’s market risk is primarily focused on the BOC rate decision – Actual 0.25% (Forecast 0.25%, Previous 0.25%). Also, Saudi Arabia and the United Arab Emirates have reached an agreement on oil output according to Opec sources.
Today Coach Dale took a victory lap on his short usdjpy and long gold call that went to the forecasted 1830 level. Also, he added that WTI looks like it is building a failing rally which makes the $69 price level a viable target.
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