Gold Gold Daily Video, October 07, 2021

[Sive Morten]

Good morning,

Gold keeps short-term bullish context, although intraday price action is very choppy and wide, that makes difficult to set the trades:

 

[Brett Reynolds]

This US Debt Ceiling Boloni could provide some 'surprise's..!?

 

[Sive Morten]

This US Debt Ceiling Boloni could provide some 'surprise's..!?

Hi, well, based on previous times of debt ceil- market rare reacts on it. It is more noise in media rather than real impact on price action. Maybe because everybody understand that rising of the ceil is the question of time... Even on Obama presidency when all government authorities were closed for few months - there were no significant changes on the market.
Definitely we can't say, but probability stands in favor of now significant impact ))