Instrument: GOLDs
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1779.17 with take profit at 1782.25.
Bearish Preference:
Sell position is envisaged if price trades below 1770.30 with take profit at 1767.60.
Fundamentals:
1:30pm USD Core Retail Sales m/m
USD Retail Sales m/m
Comment: On Thursday, gold traders even ignored the better-than-expected U.S. Weekly Initial Claims numbers. Gold futures are edging lower early Friday after touching a one-month high the previous session.
Analysis: SCRUM Team