Gold Seems Unstoppable: Thursday's Market Forecast

Posted by TopstepTrader on September 07, 2017

Gold ($GCZ7) is continuing its run higher - gaining another 0.6% this morning, while other futures markets are relatively stable. Equity futures are flat after initially falling last night. The Emini S&P 500 ($ESU7) may be taking a breather after an interesting two days. The index is just 10 points off its weekly high and 20 points off its weekly low. It's still within striking distance of its all-time high, just under 2490. 

The Euro ($6EU7) is up 0.6% following the ECB meeting this morning where ECB President Draghi reaffirmed the central bank's desire to meet its inflation target. Not new news for most market participants. 

In today's pre-market forecast, Senior Performance Coach John Hoagland runs down these markets and talks about what important levels may spur interesting trades. 

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Topics: Market Updates