Instrument: GOLDs
Technical Analysis
Bullish Preference:
A buy position is envisaged if the price trades above 1986.20 with take profit at 1989.02.
Bearish Preference:
A sell position is envisaged if the price trades below price 1978.89 with take profit at 1975.83.
Fundamentals:
1:30pm
USD
Core PCE Price Index m/m
Employment Cost Index q/q
Comment:
Gold prices fell slightly on Friday, extending losses into a third straight session as stronger-than-expected U.S. inflation and labor market data saw fears of more Federal Reserve rate hikes come back into focus. The yellow metal was now set to end the week well below $2,000 after failing to retake the level in recent sessions.
Analysis: SCRUM Team