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Daily Market Analysis 03/09/2021: GOLD

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Instrument: GOLD

Technical Analysis

Bullish Preference: 
A buy position is envisaged if price trades above price 1817.36 with take profit at price 1818.77.
Bearish Preference: 
A sell position is envisaged if price trades below price 1811.80 with take profit at price 1810.48.

Fundamentals:
1:30pm    USD    Average Hourly Earnings m/m
                USD    Non-Farm Employment Change
                USD    Unemployment Rate
3:00pm    USD    ISM Services PMI

Comment: Gold futures were rising on Friday, aiming to log again for the first time in three sessions, but the yellow metal looked likely to notch the first weekly decline in about a month.

Analysis: SCRUM Team

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