Skip to content 
Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1707.32 with take profit at 1710.11.
Bearish Preference:
Sell position is envisaged if price trades below 1702.22 with take profit at 1700.16.
Fundamentals:
1:30PM USD Core Retail Sales
3:00PM USD Prelim UoM Consumer Sentiment
Comment:
Gold was up on Friday morning in Asia as the dollar rally eased on uncertainty over the scale of the U.S. interest rate hike. In the latest Fed comments, Governor Christopher Waller supported raising rates by 75 basis points this month, though he said he could go bigger if warranted by the data.
Analysis: SCRUM Team
