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Instrument: GOLD
Technical Analysis
Bullish Preference:
Buy position is envisaged if price trades above 1661.72 with take profit at 1663.78
Bearish Preference:
Sell position is envisaged if price trades below 1649.26 with take profit at 1646.69
Fundamentals:
1:30pm USD Core Retail Sales m/m
USD Retail Sales m/m
3:00pm USD Prelim UoM Consumer Sentiment
Comment:
U.S. retail sales data are due at 08:30 ET (12:30 GMT) and should provide clues on how the aggressive Fed rate hikes are impacting consumer demand. The latest consumer sentiment figures from the University of Michigan are also due today.
Analysis: SCRUM Team
