Latest data released by NFIB - 10 November 2020
- Prior 104.0
No change in the headline reading relative to September, as small business sentiment in the US continues to hold up as we get into Q4. That said, the NFIB uncertainty index creeps a little higher to 98 last month from 92 in September.
Of note, a smaller share of firms are reporting stronger plans to hire in the coming months with the share of firms expecting economic sentiment to improve also dwindling.
Further Development
Analyzing the current trading chart of Gold, I found that there is strong bearish engulfing pattern, which is strong downside confirmation.
1-Day relative strength performance Finviz
Based on the graph above I found that on the top of the list we got Lumber and Feeder Cattle today and on the bottom VIX and Nasdaq100.
Key Levels:
Resistance: $1,888
Support level: $1820, $1,792 and $1,762
