Skip to content 
Instrument: GOLDs
Technical Analysis
Bullish Preference:
Buy is envisage if price trades above 1836.74 with take profit at 1842.72.
Bearish Preference:
Sell is envisaged if price trades below 1825.16 with take profit at 1820.22.
Fundamentals:
USD 1:30 PM Core Retail sales
Retail sales
USD 2:15 PM Industrial Production m/m
USD 3:00 PM Prelim UoM Consumer Sentiment
Comment: Gold was down on Friday morning in Asia as U.S. Treasury yield fell. Investors also digested a record low number of jobless claims and a higher-than-expected Producer Price Index (PPI).
Gold though showing signs of an uptrend with price trading above the 200 M.A, is also showing signs of being overbought as stochastic is already on the 80 mark. Investors now look forward to the retail sales results later today to make a concrete decision.
Analysis: SCRUM Team
