Instrument: GOLD
Technical Analysis
Bullish Preference:
A Buy position is envisaged if the price trades above 1821.68 with take profit at 1823.89
Bearish Preference:
A Sell position is envisaged if the price trades below 1815.37 with take profit at 1813.88
Fundamentals:
2:30pm USD Core PCE Price Index m/m
Comment:
Gold prices rose slightly on Friday, but were set for a fourth consecutive week in red amid growing uncertainty over U.S. monetary policy, with markets seeking more cues from a reading on the Federal Reserve’s preferred inflation gauge later in the day.
Analysis: SCRUM Team
