Skip to content 
Instrument: GOLDs
Technical Analysis
Bullish Preference:
Buy is envisage if price trades above 1824.41 with take profit at 1828.24.
Bearish Preference:
Sell is envisaged if price trades below 1808.87 with take profit at 1799.09.
Fundamentals:
1:30 PM USD Average Hourly Earnings m/m
USD Non-Farm Employment Change
USD Unemployment Rate
Comment: Gold has completed a directional breakout by rising and closing above formidable resistance at USD1800.00 an ounce, its 100-day moving average (DMA), which now becomes support. Gold’s next target becomes USD1850.00 an ounce, its 200-DMA.
Currently, gold is seen ranging slightly just before the resistance at 1825.00 as it waits for fresh push from the U.S unemployment data.
Analysis: SCRUM Team
