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Instrument: GOLDs
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1788.45 with take profit at 1790.86.
Bearish Preference:
Sell position is envisaged if price trades below 1783.55 with take profit at 1780.96.
Fundamentals:
2:30pm USD Philly Fed Manufacturing Index USD Unemployment Claims
3:15pm USD Industrial Production m/m
3:45pm USD Flash Manufacturing PMI
3:45pm USD Flash Services PMI
Comment: European stock markets are expected to open higher Thursday as investors digest the Federal Reserve’s move to tackle inflation, ahead of policy decisions by both the European Central Bank and the Bank of England.. The U.S. central bank announced late Wednesday that it will double the pace of its asset tapering program to $30 billion a month and projected three quarter-point interest-rate increases in 2022.
Analysis: SCRUM Team
