Spot gold is on an upwards trajectory and given it has closed above the 38.2% retracement of the October to December sell-off (at $1250.9), the metal could be...
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Pepperstone
Spot gold is on an upwards trajectory and given it has closed above the 38.2% retracement of the October to December sell-off (at $1250.9), the metal could be headed to $1272 or even the 100-day moving average at $1290. In late US trade we get narrative from regional Fed presidents Charles Plosser (speaks at 04:45 AEST) and Richard Fisher (05:20 AEST). The narrative from these two individuals will be important as this year they get a chance to vote. If they detail that the recent weak payrolls report was a 'one-off' and that QE should be terminated sooner-rather-than-later we could see USD strength and gold weakness.
![Chris Weston](https://assets.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBb0J6IiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--ba12fe58138b9392b34a2faa2743bd52d9c18d6b/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJYW5CbkJqb0dSVlE2RTNKbGMybDZaVjkwYjE5bWFXeHNXd2RwQWNocEFjZz0iLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--d4026b52d9aa7a676b3d70dbe31c85d930184392/kga08anp_400x400.jpg)
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...
Expertise
![Chris Weston](https://assets.livewiremarkets.com/rails/active_storage/representations/proxy/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaHBBb0J6IiwiZXhwIjpudWxsLCJwdXIiOiJibG9iX2lkIn19--ba12fe58138b9392b34a2faa2743bd52d9c18d6b/eyJfcmFpbHMiOnsibWVzc2FnZSI6IkJBaDdCem9MWm05eWJXRjBTU0lJYW5CbkJqb0dSVlE2RTNKbGMybDZaVjkwYjE5bWFXeHNXd2RwQWNocEFjZz0iLCJleHAiOm51bGwsInB1ciI6InZhcmlhdGlvbiJ9fQ==--d4026b52d9aa7a676b3d70dbe31c85d930184392/kga08anp_400x400.jpg)
Highly accomplished financial markets professional, with experience at a number of top-tier global institutions on both the buy and sell-side. A natural communicator with a strong ability to analyse macro-economic trends, capital flows and market...