Instrument: GOLDs
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 2005.41 with take profit at 2008.94.
Bearish Preference:
A sell position is envisaged if the price trades below 1998.85 with take profit at 1996.08.
Fundamentals:
1:30pm
USD Advance GDP q/q
USD Unemployment Claims
Comment:
Gold prices kept to a small range on Thursday as traders hunkered down ahead of hotly watched data on U.S. economic growth and the Federal Reserve’s preferred inflation gauge, although high safe haven demand kept the yellow metal near key levels.
Analysis: SCRUM Team