Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1833.57 with take profit at 1835.69
Bearish Preference:
Sell position is envisaged if price trades below price 1824.00 with take profit at 1820.42
Fundamentals:
1:30pm USD Philly Fed Manufacturing Index
USD Unemployment Claims
Comment:
The dollar regained its footing on Thursday as investors continued to digest the impact of surging inflation and an aggressive policy tightening outlook from global central banks. Fed projections showed U.S. economic growth slowing to a below-trend rate of 1.7%, and policymakers expect to cut interest rates in 2024.
Analysis: SCRUM Team