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Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1712.06 with take profit at 1713.85
Bearish Preference:
Sell position is envisaged if price trades below 1704.92 with take profit at 1703.12
Fundamentals:
1:30pm USD Average Hourly Earnings m/m
USD Non-Farm Employment Change
USD Unemployment Rate
Comment:
Gold prices moved little on Friday as investors awaited key U.S. nonfarm payrolls data for more cues on the world’s largest economy, but were headed for a second straight week of gains as pressure from the dollar eased.
Analysis: SCRUM Team
