If one had his positions set right, a trader could have cashed in double from the Jackson Hole event in regards to the yellow metal’s price.
As soon as the central bankers opened their mouths and started spilling information about global monetary policy in the future, the commodity price started bouncing in a range from 1,276 to 1,295 just during the first hour.
Such move was not initially expected, as it is not consistent with the theory of a triangle pattern, which was active before the event.
However, the end result is a surge, which seems to be unopposed heading once more to reach above the 1,300 mark.
