What happened
After coming back and seeing what happens I was correct or maybe just completely lucky, who knows. Gold declined, further than I expected, falling to 1261 minutes after the announcement of unemployment falling further than the forecast, with the unemployment rate standing at 4.2%, 0.2% less than expected. Thus therefore causing the dollar to rise and gold to fall, if you caught it at the right time decent margins could of been made.
There doesn't seem to be much else of interest today, so on Monday we shall see what the week ahead shall hold.
I have decided to reduce my commodity section, I feel Brent and Gold are sufficient, Silver is in my opinion much harder to understand, yet it does run somewhat parallel to gold, experiencing a similar decline after the unemployment rate was released. So it could be argued to just replicate all movement which I do in Gold but I don't find this of interest so I will stick to just the two for the moment.
There doesn't seem to be much else of interest today, so on Monday we shall see what the week ahead shall hold.
I have decided to reduce my commodity section, I feel Brent and Gold are sufficient, Silver is in my opinion much harder to understand, yet it does run somewhat parallel to gold, experiencing a similar decline after the unemployment rate was released. So it could be argued to just replicate all movement which I do in Gold but I don't find this of interest so I will stick to just the two for the moment.
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