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Gold Bounces, Direction Uncertain Ahead of Yellen: Wednesday's Market Forecast

Posted by TopstepTrader on October 04, 2017

The ADP Employment Report was released this morning, suggesting that the U.S. private sector added 135,000 jobs in September. The number was exactly as expected, so had very little more than a knee-jerk reaction across futures products. 

As for specific products, Crude Oil ($CLX7), Gold ($GCZ7) and the Emini S&P 500 ($ESZ7) are all within recent ranges. Of these, Gold is the biggest mover - bouncing 0.3% after recent losses. The December futures contract is trading just below $1,280 per ounce. 

Here's how Senior Performance Coach John Hoagland is looking at market levels this morning. Plus, stay tuned to the end for a special guest appearance. 

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Topics: Market Updates