Instrument: GOLDs
Bullish Preference:
Buy position is envisaged if price trades above 1985.77 with take profit at 1987.30.
Bearish Preference:
Sell position is envisaged if price trades below 1979.43 with take profit at 1977.86
Fundamentals:
1:30pm
USD Core PCE Price Index m/m
3:00pm
USD Revised UoM Consumer Sentiment
Comment:
The U.S. economy grew at its fastest pace in nearly two years in the third quarter, data on Thursday showed, as higher wages from a tight labour market helped power consumer spending.
That, together with another round of robust surveys of business activity, has beefed up expectations for the Federal Reserve to keep monetary conditions restrictive for longer, driving the dollar broadly higher this week.
Analysis: SCRUM Team