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Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1824.50 with take profit at 1825.79.
Bearish Preference:
Sell position is envisaged if price trades below 1819.75 with take profit at 1818.42.
Fundamentals:
2:30pm USD Retail Sales
Comment: Gold was up on Friday morning in Asia and was set for its best weekly gain since November 2021. Investors await U.S. data that could provide clarity regarding U.S. Federal Reserve’s monetary policy, while a weakening dollar Index and U.S. Treasury yields also provided support.
Analysis: SCRUM Team
