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  • 🇫🇷 Consumer Confidence (JAN) Actual: 92 Expected: 94 Previous: 95 https://www.dailyfx.com/economic-calendar#2021-01-27
  • US Dollar Outlook: DXY Forms Head and Shoulders Pattern Ahead of FOMC - https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2021/01/27/US-Dollar-Outlook-DXY-Forms-Head-and-Shoulders-Pattern-Ahead-of-FOMC.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr $USD $DXY #USDollar #FOMC https://t.co/rt603Ix66D
  • Heads Up:🇫🇷 Consumer Confidence (JAN) due at 07:45 GMT (15min) Expected: 94 Previous: 95 https://www.dailyfx.com/economic-calendar#2021-01-27
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  • 🇩🇪 GfK Consumer Confidence (FEB) Actual: -15.6 Expected: -7.9 Previous: -7.5 https://www.dailyfx.com/economic-calendar#2021-01-27
  • 🇩🇪 GfK Consumer Confidence (FEB) Actual: -15.6 Expected: -7.9 Previous: -7.3 https://www.dailyfx.com/economic-calendar#2021-01-27
  • The US unemployment rate stood at 6.77% in Dec, which marks a long way to return to the pre-Covid level of 3.8%. The latest core PCE was at 1.4%, showing little sign of inflation overheating. This suggests that conditions for the Fed to consider tapering are far from met. #FOMC https://t.co/vtnC2V1Q2P
  • Heads Up:🇩🇪 GfK Consumer Confidence (FEB) due at 07:00 GMT (15min) Expected: -7.9 Previous: -7.3 https://www.dailyfx.com/economic-calendar#2021-01-27
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  • Outside of GameStop and other activist driven stocks, risk markets seem to be struggling for direction. Maybe the Dow and EURUSD will draw direction from the growth forecasts, the FOMC rate decision and key earnings (like TSLA and AAPL). My analysis: https://www.dailyfx.com/forex/video/daily_news_report/2021/01/27/Dow-and-Dollar-Steel-for-FOMC-Top-Earnings-and-Growth-Fight-Against-Speculative-Control.html?ref-author=Kicklighter&QPID=917719&CHID=9 https://t.co/SqdH9JM6Pu
Gold Trades into June High and Channel Resistance

Gold Trades into June High and Channel Resistance

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

eliottWaves_gold_1_body_gold.png, Gold Trades into June High and Channel Resistance

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Interested in automated trading with Mirror Trader?

Commodity Analysis: “Gold has broken through the zone of consolidation that took place in mid-June and a confluence of trendlines. Focus now shifts to the June high at 1424.” 1424 has been reached and channel resistance is just above.

Commodity Trading Strategy: At resistance so would be looking for signs of a top up here. Would look for support at recent congestion in the 1370s.

LEVELS: 1352 1369 1389 1424 1440 1488

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