07 Nov Thursday View

Price is dangerously quiet for last couple of days, as the matter of fact, since the beginning of the week and trading right at the 150 SMA in H4 Chart. The range we mentioned yesterday is still in effect.

Waiting up for important data from U.K. and Europe on Asset Purchase Facility, Official Bank Rate, MPC Rate Statement ; Minimum Bid Rate, ECB Press Conference and later in the evening Advance GDP q/q, Unemployment Claims, Advance GDP Price Index q/q from the U.S. These data are expected to stir the currency pairs movements as well and whether USD weakens or strengthens will make some impact on Gold price :)