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Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1750.10 with take Profit at 1753.25
Bearish Preference:
Sell position is envisaged if price trades below price 1737.53 with take Profit at 1735.14
Fundamentals:
1:30PM USD Non-Farm Employment Change.
Comment:
The dollar was up on Friday morning in Asia, but moves were small as some recession fears eased on optimistic speeches from U.S. Federal Reserve governors.U.S. initial jobless claims rose to 235,000 last week, suggesting a cooling demand for labor, as the U.S. Federal Reserve delivers tightening monetary policies.
Analysis: SCRUM Team
