How to Trade Gold during the Christmas Time?
“Jingle bells, jingle bells
Jingle all the way
Oh, what fun it is to ride
In a one horse open sleigh”
Christmas is coming near and let me make you all aware about the upcoming Christmas Holidays as well as key events well in advance so that you can plan your trading accordingly specially in Gold.
|Dec 15||Capacity Utilisation, Industrial Production||1415 GMT|
|Dec 16||Retail – Core Retail sales||1330 GMT|
|Flash Manufacturing PMI||1445 GMT|
|U.S. Interest Rate Decision||1900 GMT|
|Dec 17||Philly Fed Manufacturing Index||1330 GMT|
|Dec 22||Final GDP Q/Q||1330 GMT|
|Dec 23||Personal Income – Spending Data||1330 GMT|
|Dec 24||Durable – Core Durable goods orders||1330 GMT|
|Dec 25||U.S Bank Holiday – Christmas|
|Dec 30||U.S. Pending Home Sales||1500 GMT|
|Dec 31 & Jan 01||U.S. Bank Holiday – New Year Eve|
(Note: Every Candle is of a week and covered all the weeks of December and January First week)
XAU/USD (Gold): Gold rises sharply on Tuesday and touches $1,843 mark in early European hours. Today pair made intraday high at $1,843 and low at $1,825 mark. A sustained close above $1,840 requires for the upside rally. On the other side, consistent close below $1,810 will check key supports as well. Key support levels are seen around $1,802, $1,787, $1,775, $1,764, $1,758, $1,747, $1,740 and $1,720 mark respectively. Key resistances are seen at $1,840, $1,847, $1,862, $1,876, $1,882, $1,888, $1,894 and $1,902 marks respectively.
Take a look and do trade wisely!